Business structure

1.2

What the syllabus asks of you

Economic sectors: the primary, secondary, tertiary and quaternary sectors and businesses within those sectors
Economic sectors: the public and private sectors and businesses within those sectors
Economic sectors: the reasons for and consequences of the changing relative importance of these sectors
Business ownership: the main features of different types of business ownership: sole traders, partnerships, private limited companies, public limited companies, franchises, co-operatives, joint ventures and social enterprises
Business ownership: the appropriateness of different types of business ownership
Business ownership: the concepts of unlimited liability and limited liability and their importance
Business ownership: the advantages and disadvantages of changing from one type of business ownership to another

Drill this topic

All 12 questions on Business structure, untimed — answer on paper, then mark yourself against the mark scheme.

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12 questions

These are structured questions, answered in working rather than by picking an option, so they are not listed here one by one. The drill above puts each in front of you with its mark scheme to check against.