1.2 Types of organizations

1.2 Types of organizations

InThinking resources

Click the hyperlinks below to access the InThinking resources for this particular unit.

As a preview and/or review, the video below is a summary of the main types of business organizations:

The video can be used as a starter activity (especially if you have student who have taken a pre-IB course such as IGCSE Business Studies) or use this video for review after the sub-topics have been covered. The business organizations covered include:

  • Sole traders
  • Partnerships
  • Limited liability companies (private and public limited corporations)
  • Franchises (which are covered in more detail in Unit 1.6 in the IB Business Management syllabus)

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