IGCSE Business Studies revision.docx

IGCSE Business Studies revision.docx - IGCSE Enterprise...

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IGCSE Enterprise Revision Topic 1- What is an enterprise. Enterprising at home Looking after a pet Looking after a family member Earning money for the family Organising themselves Different ways of being enterprising Using communication and numeracy skills Using technology for learning Thinking creatively and independently Learn independently as part of a group Making reasoned evaluations Linking different kinds of learning and applying them in new situations Topic 2- Different types of business organisations Sole Trader- A business owned by only one person with unlimited liability +Easy to set up +Full Control +Keep Profit +Flexible -Unlimited liability -Difficult to raise enough finance to start up the business -Full responsibility Partnership - A group or association of 2-20 people who agree to own and run a business together with unlimited liability. It requires a Deed of Partnership that sets out the details of
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  • Spring '18
  • Jane Smith
  • Corporation, Types of companies, Legal entities, Joint stock company

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