IGCSE Business Studies revision notes for chapter 6

IGCSE Business Studies revision notes for chapter 6. Highlighted in yellow is the key terms, and highlighted in green are factors affecting the type of business organization.

HideShow resource information
  • Created by: Nut
  • Created on: 10-03-13 15:51
Preview of IGCSE Business Studies revision notes for chapter 6

First 142 words of the document:

Revision Notes for Chapter 6
Factors affecting the choice of organization
Growth: Many businesses starts small, and eventually expand in size.
Finance: Sole traders can only raise limited amount of finance, so owners
often change to a partnership or a private limited. Additionally, owners of a
private limited company may convert to a public limited company to raise
even more finance.
Control: Some owners like to have full control over their business, so they
prefer to stay as sole traders.
Limited liability: Owners may change to a private limited company because
they will have limited liability. This means that they cannot bbe forced to use
personal wealth to pay business debts.
Other factors
Type of business activities
The way in which profits will be used


No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all resources »