Business Organisations Quiz

Identify different types of business organisations

Compare and contrast the different types of business organisations

Outline the steps needed to form a limited company

Discuss the advantages and disadvantages of different types of business organisations

Evaluate the advantages and disadvantages of semi-state enterprises and of privatising them

Analyse the benefits and drawbacks of franchising as a business start-up

Illustrate your understanding of indigenous firms and their benefits for the Irish economy

Explain why businesses change their organisational structure over time

Discuss the changing trends in business organisations in Ireland recently

What are the advantages of being a sole trader?

• Easy/quick to set up

• Total decision-making

• Keeps all profits

• Maintains privacy on accounts