1. IB Business and Management 1.2 Profit based Organisations

2. Learning Outcomes Distinguish between different types of business organization and identify their main features Analyse the extent to which ownership and control differ in organisations Evaluate the most appropriate form of ownership for a firm Analyse the impact of the division between ownership and control on internal and external stakeholders

3. What are the options available for Business Ownership? Sole Traders Partnership Private Limited Company (Can become a Public Limited Company later)

4. TYPE OF BUSINESS ORGANISATION AND OWNERSHIP PRIVATE SECTOR PUBLIC SECTOR UNINCORPORATED LOCAL GOV SOLE TRADER INCORPORATED PARTN- ERSHIP PRIVATE LIMITED COMPANY PUBLIC LIMITED COMPANY CENTRAL GOV NATIONALISED INDUSTRIES FRANCHISES

5. Task Using your text book and also the internet, fill in the ‘Types of Ownership Table’

6. DOUBLE BUBBLE DIAGRAMS……

7. Sole Trader Partnership

8. Private Limited Company

9. Public Limited Company

10. THE SEPARATION OF OWNERSHIP AND CONTROL

11. The Separation of Ownership and control of the business Why do shareholders need to employ agents? Who would the agents be? Why may the agents not always act in the best interests of the shareholders?

12. Task …. Discuss the most appropriate legal structure for a range of contexts. What are the main factors to consider?