Syllabus A1

a) Define ‘business organisations’ and explain why they are formed.
b) Describe common features of business organisations.
c) Outline how business organisations differ.
d) List the industrial and commercial sectors in which business organisations operate.
e) Identify the different types of business organisation and their main characteristics:
i) Commercial
ii) Not-for-profit
iii) Public sector
iv) Non-governmental organisations
v) Cooperatives