sole traders, partnerships, private limited companies and public limited companies advantages and disadvantages of different types of business organisation recommend and justify a suitable type of business organisation to owners/management for a given situation different forms of business organisation: franchises, joint ventures, social enterprises advantages and disadvantages of franchises for the franchisor and franchisee advantages and disadvantages of joint ventures
Objective notes1 learning objective1.4.1Different types of business organisation• sole traders, partnerships, private limited companies and public limited companies• advantages and disadvantages of different types of business organisation• recommend and justify a suitable type of business organisation to owners/management for a given situation• different forms of business organisation: franchises, joint ventures, social enterprises• advantages and disadvantages of franchises for the franchisor and franchisee• advantages and disadvantages of joint venturesView