CAIE IGCSE Business Studies 1.4 types of business organisation
Use this business-organisation page to compare sole traders, partnerships, companies and franchises through applied case decisions.
- Syllabus
- 2027–2029
- Course
- Business 0264
Exam points
- Explain advantages and disadvantages of sole traders, partnerships or limited companies.
- Apply liability, control, finance and decision-making points to the case business.
- Justify whether franchising or another ownership form is suitable for expansion.
Covered syllabus points
1.4. Types of business organisation question 1
[Maximum number: 2]
CFG is a social enterprise. It buys cocoa beans from local farmers and then uses the beans to make chocolate. Being ethical is important to the business. CFG has developed a new chocolate bar. The Marketing Manager plans to use skimming as its pricing method, and retailers as its distribution channel for the new product. He knows there are many legal controls over marketing that might affect a business.
Define 'social enterprise'.
Award 2 marks for a full definition. Award 1 mark for a partial definition.
An organisation that has social objectives as well as an aim to make a profit to reinvest back into the business [2] OR
A business with social objectives that reinvests most of its profits back into the business/into benefiting society at large [2]
OR
A business that seeks to raise income, which it invests in a specific social or environmental issue [2]
OR
A business set up to help society/a community rather than make a profit [2]
Partial definition e.g. a business that aims to help/benefit society [1]
All question bank results loaded