About This Chapter
Types of Business - Chapter Summary
Review the different types of businesses with this collection of business study resources. These short lessons offer clear and easy-to-understand definitions of local, national and international businesses, plus insight into concepts like government business enterprises, sole trader structures and more. After completing this chapter, you should be equipped to:
- Describe the characteristics of local, national and global business
- Understand Australia's sole trader and partnership business structures
- Recognize companies that are and are not limited by shares
- Define government business enterprises
Following each lesson is a short quiz to help you solidify your understanding of important business topics. The chapter material is available at any time of day or night, which helps you study whenever you're able to. You can revisit lessons as many times as you want and submit questions to our instructors if you need any extra help.
1. Local, National & Global Business: Definitions & Examples
A business can sell its products and services to consumers in one city or local area, one country, or around the world. In this lesson, you will learn about local, national, and global businesses.
2. Sole Trader & Partnership Business Structures in Australia
Are you flying alone or working as a team? This lesson will define the sole trader and partnership business structures. The lesson will provide reasons for choosing a structure and the advantages and disadvantages of each.
3. Companies Limited by Shares
This lesson discusses types of Australian companies that are limited by shares. We discuss public and private companies, including criteria for both small and large companies and the features of each.
4. Companies Not Limited by Shares
When it comes to companies, there is no one-size-fits-all. This lesson will discuss the structure of a company not limited by shares. These companies can be either public or private.
5. Government Business Enterprises (GBE): Definition & Examples
This lesson will discuss the structure of government business enterprises (GBEs), why they are created, and provide examples of such businesses from around the world.
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Other chapters within the HSC Business Studies: Exam Prep & Syllabus course
- Nature of Business
- Business Industries in Australia
- Influences on Businesses in Australia
- Stakeholders in Business
- Business Cycle
- Global Markets in Business
- Management Skills
- Management Approaches
- Management Processes
- Business Planning & Strategy
- Business Forecasting
- Business Strategies & Values
- Operations Management & Inventory Management
- Scheduling in Operations Management Overview
- Supply Chain Management in Business
- Marketing Roles & Objectives
- Types of Markets
- Influences of Marketing in Australia
- Marketing Information & Research
- Marketing Strategy in Business
- Pricing Strategy in Business
- Promotion in Marketing
- Place & Distribution in Business
- International Marketing Basics
- Business Financing in Australia
- Financial Planning & Implementation
- Financial Monitoring & Control
- Financial Ratios
- Financial Management Overview
- Global Financial Management
- HRM: Human Resources Management
- Employee Acquisition & Development
- Human Resource Metrics & Measurement
- Employee Separation
- Legal Considerations in Australian HR
- HSC Business Studies Flashcards