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Level 3 Diploma in Business Management

Forms of business ownership

BM302 · The Business Environment — Week 2 of 16

CourseBM302
Week2 of 16
SemesterI
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This week’s topics

Forms of business ownership

  1. Sole traders and partnerships
  2. Private and public limited companies
  3. Limited versus unlimited liability
  4. Not-for-profit organisations and cooperatives
  5. Types of Business Ownership Explained | Sole Traders, Partnerships, LTD, PLC and Franchise
  6. Different Forms of Business
  7. Limited and Unlimited Liability | A-Level & IB Business

What you will be able to do

  • 1.3 Compare different forms of business ownership.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: compare different forms of business ownership.

Study materials

Videos

  • Types of Business Ownership Explained | Sole Traders, Partnerships, LTD, PLC and Franchise · YouTube · Two Teachers · 11 min · for registered students
  • Different Forms of Business · YouTube · tutor2u · 7 min · for registered students
  • Limited and Unlimited Liability | A-Level & IB Business · YouTube · tutor2u · 4 min · for registered students

Further resources

  • Choose a legal structure for a new business (GOV.UK) · Reading · GOV.UK, guidance · for registered students
  • Introduction to Business 2e, ch. 4.1–4.3: Sole traders, partnerships and companies · PDF · OpenStax, textbook chapter; pp. 117–128 · for registered students
  • Exploring Business, ch. 4: Selecting a Form of Business Ownership · PDF · Saylor Academy, textbook chapter; PDF pp. 166–200 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 1Week 3
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Business activity and economic sectors
  • Week 2: Forms of business ownership
  • Week 3: Core functional areas of business
  • Week 4: Interrelationships between business functions
  • Week 5: Organisational structures
  • Week 6: Internal business auditing and SWOT analysis
  • Week 7: The external macro-environment
  • Midterm: Midterm evaluation
  • Week 9: Responding to external environmental change
  • Week 10: Microeconomic and macroeconomic influences
  • Week 11: Government intervention and the international economy
  • Week 12: Applying The Business Environment in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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