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Business Revision Notes
Forms of Business Organisations
(5.00/5)
There are 5 main forms of business organization in the private sector. They are:
1. Sole Trader.
2. Partnerships.
3. Private Limited Companies (L.T.D.).
4. click here for full revision note
Government Impact on Businesses
(4.40/5)
BENEFITS TO THE SOCIETY OF BUSINESS.
1. Produce useful goods.
2. Give jobs and income to society.
3. Tax is paid to the government.
4. &n click here for full revision note
Types of Business Activity
(4.50/5)
Sectors of Industry
Primary Sector
Secondary Sector
Teritiery Sector
Primary Sector is the extraction of natural resources from the earth.
Secondary Sector is the manufacturing of the natural res click here for full revision note
The Purpose of Business Activity
(4.00/5)
Need: A good or service essential for living.
Want: A good or service which people would like to have, but not essential for living.
The Economic Problem: An individual has unlimited wants but we have click here for full revision note
