1. UNIT 1 REVISION – OWNERSHIP & STAKEHOLDERS
GCSE BUSINESS STUDIES
UNIT 1 REVISION –
OWNERSHIP & STAKEHOLDERS

2. Aims & Objectives Carry out revision activities during the lesson
Understand different types of Stakeholder for businesses.
Understand different types of Ownership for business.
Understand methods of growth by a business
TASK:
Work through the following slides and answer the questions (in books / on paper / on PC – YOU DECIDE!)
Use your notes/text books/BBC bitesize to help you!

3. STAKEHOLDERS Owners/Shareholders Customers Local Community Pressure
Groups
STAKEHOLDERS
Employees
& Families
Debtors/
Suppliers
Managers/Directors
Government/Council
Creditors

4. Ownership of Business – Sole Trader & Partnership
What is a Sole Trader?
Give 2 advantages & 2 disadvantages of being a Sole Trader.
What is a Partnership?
What document do you need to produce to set up a partnership?
Give 2 advantages & 2 disadvantages of being a Partnership
Both Sole Traders & Partnerships have UNLIMITED LIABILITY. Can you explain what is meant by Unlimited Liability?

5. Ownership Revision - Franchises
What is a franchise?
What is the difference between a franchisee and franchisor?
Name 3 franchises
State two benefits of setting up a franchise
State two disadvantages of setting up a franchise

6. Ownership - Limited Company
1. Give two advantages of being:
a private limited company
a public limited company
2. Give two disadvantages of being:

7. Business Objectives Revision
What is meant by the term business objective?
Give three examples of business objectives for a firm
State two reasons why a firm might change its objectives as it grows larger
What is meant by the term business ethics?
Can you give an example of an ethical business?
Can you give an example of an ethical business objective?
State 2 social costs of business
State 2 social benefits of business

8. Methods of Growth Revision
What is meant by organic growth?
What is the difference between a merger and a takeover?
What is the difference between horizontal and vertical integration?
What is meant by diversification?
State 3 stakeholders of any business. Explain WHY each of these are stakeholders.