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Business Classification
Size, Scale, Ownership, Sector, Purpose
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Business Size Define and find 3 examples of different sized businesses
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Business Scale Write down a definition of each type of scale and research 3 examples of each.
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Business Ownership Businesses are split into different sectors, these include; Public Sector- These are businesses run by the Government. Private Sector- These are businesses set up by a private individual/ group of individuals Voluntary Businesses- These are businesses that are set up to help others. Task: research the advantages and disadvantages of type of business ownership
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Public Sector Within each sector there are a range of different businesses NHS Police Fire Service
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Private Sector The private sector is split into different types of businesses, ranging from small to large. Each type of business has different characteristics. PLCs Sole Traders Ltd Franchise Partnerships Students to research different types of ownership in term of definition , advantages, disadvantages, typical characteristics and examples.
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Classification of Business
Primary Secondary Tertiary Research a definition of each sector including 2 local and 2 national examples
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Business Purpose What is the main reason the business exists?
What is the businesses main activity? To make a profit- McDonalds/ garage To provide a service- NHS/ POLICE/ FIRE SERVICE To help others- cancer research/ British heart foundation/ NSPCC
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How can businesses be grouped?
By size By scale/ location By economic sector By industrial sector Using Home Bargains as an example, explain each of the above points. Use research and full explanations to support your statements. Reference all of your research with the date accessed and the website.
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