Forms of business ownership for grade 10 learners

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This power point slide is mainly about the different forms of ownership and it focuses mainly on the Sole proprietorship, Partnerships And Corporations. As these forms of ownership are distinctive from one another as their different characteristics are highlighted in the form of their advantages and disadvantages with a brief disruption of each form of ownership. As it is evident that all enterprises are somehow different, this may be in size ,scope or diversification, what ever the distinction the basis remain that each business function in at least three major activities namely, production,marketing and finance which is more elaborated on in the power point presentation. In the world of business risk are almost inevitable and and affects an enterprise internal as well as external, therefor organisations should take cognizance of not only managing risk but most importantly preventing it, but this gets more difficult as organisations are more in control in what is in their business or environment as apposed to external factors. There are also multiple reasons why businesses fail , this too is addressed in the power point presentation. Lastly this power is reproduced from a number of sources that serves as a backbone for my viewpoint, these sources is available in the last slide of this presentation.

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Forms of business ownership for grade 10 learners

  1. 1. BUSINESS TRAITS
  2. 2. Acknowledgements • This power point slide have been reproduced by DN Mokoena with several sources as the backbone of this presentation which is available on the last slide of this presentation.
  3. 3. Different • Forms of ownerships
  4. 4. The business
  5. 5. Business Activities • Each business participates in at least three major activities 1. Production – making a product or producing a service • Manufacturing firms – produce goods (ex. Ford Motor Company) • Service firms – provide assistance to accomplish specialized needs (ex. doctor, real estate agent)
  6. 6. Business Activities (cont’d) 2. Marketing – how goods and services are exchanged between producers and consumers 3. Finance – money matters involved in running a business
  7. 7. • Success depends on managerial effectiveness • Risk is the possibility of failure • • • • • Competition from other businesses Changes in prices Changes in style Competition from new products Changes that arise from economic conditions
  8. 8. • Almost two-thirds of businesses fail from economic causes • Industry weakness, low profits, and low sales • Other causes of business failure include • Finance causes (ex. expenses/debts) • Disaster and fraud (ex. hurricanes/theft) • Neglect causes (ex. poor work habits) • Strategy causes (ex. overexpansion) • Experience causes (ex. inadequate planning)
  9. 9. Reference Evarard, Kenneth E., Burrow, James L. (2001). Business Principles and Management. Mason, OH: South-Western. Evarard, Kenneth E., Burrow, James L. (2001). Business Principles and Management. Mason, OH: South-Western. Kimguy, (2002).Forms of ownership. Mr. Pathan A.B. MGM’s.(2002). Forms of Ownership. Tomfrey, (2002).Forms of Business Ownership. Christain Dushaj Joey Selita.(2010) Forms of Business Ownership.

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