What are the advantages and disadvantages of different business organization types and forms

Updated: Feb 11

There are four (4) types of business organization

  1. Sole trader

  2. Partnership

  3. Private Limited

  4. Public Limited


Forms of business organisation

  1. Joint ventures

  2. Franchises

  3. Social enterprise

  4. Public corporations


Joint ventures and franchises are how different business organisations operate a business together. Unlike most businesses, social enterprises and public corporations primary objective are to serve the community. These businesses would have to select a type of business organisation to setup to operate its business.



PAST YEAR QUESTIONS


  1. Identify and explain two disadvantages being a private limited company. (4 marks) Feb/Mar 2018/12

  2. Identify and explain two possible advantages of being a private limited company (4 marks) May/June 2018/11

  3. Do you think selling more franchises is the best way for Filltum to expand? Justify your answer. (6 marks) Oct/Nov 2018/11