Task

In pairs, chose one of the following organisational types and prepare a presentation to be delivered to the class, covering the following:

1. Who owns the business, who makes the decisions?
2. What is the legal status of the business, i.e. who is liable for any costs incurred?
3. What are the main sources of finance?
4. Outline some advantages and potential disadvantages of the specific organisational type.
5. Give some example businesses that fall within this category.