Business Studies·Forms of business organisations · NSSCO 2.1
Co-operatives, close corporations, public corporations, joint ventures & franchises
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You already know the sole trader and the partnership — but they are not the only ways to own a business. Look around Namibia and you will see farmers joining co-operatives, small shops trading as CCs, NamPower lighting up the whole country, mining firms teaming up, and familiar brands like Hungry Lion spreading through franchises. In this lesson we meet five more forms of business organisation, learn who owns each one, who is liable, what it aims for, and its main advantage and disadvantage — then we learn how to choose the best form for a given situation and justify our choice.
What you'll learn in this lesson
By the end you should be able to (NSSCO Business Studies 2.1):
- Describe the main characteristics, advantages and disadvantages of co-operatives, close corporations, public corporations, joint ventures and franchises
- Analyse the appropriateness of each of these forms of business ownership to particular circumstances and make a justified choice between them
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