UNIT: Business Ownership and Operations

INTRODUCTION TO BUSINESS AND MARKETING Monday, December 9, 2013 UNIT: Business Ownership and Operations

Unit Schedule: 12/9: Types of Business Ownership 12/11: Functions of Business

Goals for the day: Today we will:

 Identify the types of business ownership

 Understand the advantages and disadvantages of each of the types of business ownership

Agenda for the day:

 Warm-up: on the back of this sheet

 Read Chapter 6.1

 Define terms and answer questions 1-3 at end of section

 Business Ownership PowerPoint

 Vocabulary Crossword Puzzle

 Business Ownership Drawing Activity

 Closure: on the back of this sheet

At the end of the day I will:

 Compare and contrast the different types of business ownership Warm-Up

What types of business ownership do you already know about? List the types and what you think the advantages and disadvantages might be.

______

Closure

Compare and contrast a sole proprietorship and a partnership.