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Nkcanadabae
41 days ago*Business Studies* is the study of how businesses operate, including areas like management, finance, marketing, and entrepreneurship.
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✅ *Main Areas in Business Studies:*
1. *Commerce* – buying and selling of goods/services
2. *Office Practice* – how offices are run
3. *Bookkeeping* – recording business transactions
4. *Economics* – how resources are used and managed
5. *Accounting* – keeping financial records
6. *Business Management* – planning and running a business
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📚 *Types of Business (By Ownership):*
1. *Sole Proprietorship* – owned by one person
2. *Partnership* – owned by 2–20 people
3. *Private Limited Company (Ltd)* – owned by private shareholders
4. *Public Limited Company (PLC)* – shares sold to the public
5. *Cooperative Society* – owned by members for mutual benefit
6. *Franchise* – a business using another brand’s name
7. *Government-Owned Business (Public Corporation)* – run by the government