CramPuppy - Free Revision Notes » Igcse » Business
2: Government Impact on Businesses
3: Types of Business Activity
4: The Purpose of Business Activity
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Business Free Revision Notes
1: Forms of Business Organisations
There are 5 main forms of business organization in the private sector. They are:
1. Sole Trader.
2. Partnerships.
3. Private Limited Companies (L.T.D.).
4.
2: Government Impact on Businesses
BENEFITS TO THE SOCIETY OF BUSINESS.
1. Produce useful goods.
2. Give jobs and income to society.
3. Tax is paid to the government.
4. &n
3: Types of Business Activity
Sectors of Industry
Primary Sector
Secondary Sector
Teritiery Sector
Primary Sector is the extraction of natural resources from the earth.
Secondary Sector is the manufacturing of the natural res
4: The Purpose of Business Activity
Need: A good or service essential for living.
Want: A good or service which people would like to have, but not essential for living.
The Economic Problem: An individual has unlimited wants but we have
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