BUSINESS STUDIES FOUNDATION
An Introduction to Business Environments
Small business ownership
Business knowledge
- Forms – sole trader, partnership and small proprietary company .
- Characteristics
Business reasoning
- Advantages and disadvantages of each form.
Business decision making
- Most appropriate ownership structure depends on a particular context.
Unit 5: Operating a Small Business - Accounting and Finance (30 hours)
Social, environmental and ethical factors
- Taxation responsibilities, non-disclosure of information, cash handling and security
Business decision making
- Implications for owner/managers.