business.govt.nz"
High contrast view on/off | Subscribe to our newsletter | Business.govt.nz on Facebook | Business.govt.nz on YouTube | Business.govt.nz on LinkedIn | Business.govt.nz on Twitter |
| Options Options
Search Type
Understanding Business Structures
Document Actions
 

Understanding Business Structures

Suggested timeframe: 2-3 Hours

Goal

Help students become familiar with the concepts of sole trader, partnerships, limited companies, co-operatives and franchises.

Activities

Activity 1. Quiz

Have students study the topic handout individually before forming into groups of four for the quiz (answers below). Each team only has a few moments to discuss the question and give an answer. Give a point for each correct answer. For a more intense learning game, divide the topic into four subjects (such as sole traders, partnerships, limited companies and co-operatives). After the students have studied the topic handout and formed groups, ask them to assign a number, from 1 to 4, to each team player. Each player is now the ‘expert’ on the subject you assigned their number to, and only they can answer questions on that subject.

Activity 2. Sources of finance

Students can approach this match up activity individually or in pairs. They can either cut out the words and definitions from the student worksheet to match them to the descriptions, or simply write them in. Once completed, you can go through the definitions with the class.

Activity 3. Case study

Read through the case study with the class and then give students time to individually answer the related questions. The activity can either be marked later or discussed in class, with students volunteering their answers.

Activity 4. Crossword

After the students have completed the crossword, clarify the learning with some questions, such as: Which business structure do you think is the most fun? Which makes the most money? Which is the most challenging or the easiest? Ask them to explain their conclusions for discussion.

Last updated 11 November 2016