1.2 distinctions between small, medium and large businesses
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1.2 Distinctions between small, medium sized and
large businessesLI: Businesses come in many different sizes — small,
medium, large or somewhere in between.
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Task You will be presented with a range of businesses. You
must decide whether a small, medium or large business has produced them.
For each item identify:Business Size Justification
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ReflectionExamine your justifications for your decisions.
Can you determine any common characteristics that we might use to determine the size of a business?
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Characteristics to determine size:
A number of measurements can be used to determine the size of a business, including:the number of employees the number of owners (of the business)market share — the proportion of total market sales
the business has compared to competitorsthe legal structure — for example, is the
organisation set up as a sole trader, partnership or company?
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ActivityRead through 1.2 (pg
8 – 10) in your text book.
Complete Test your understanding (pg 10)
Begin your glossary