FORMS OF BUSINESS UNITS

Sole proprietorship. Ownership, formation, sources of capital, management and dissolution of a personal business.
Advantages and disadvantages of sole proprietorship.
Business partnerships. Classification of business partnership.
Formation of business partnership.
Management, Sources of Capital & dissolution of partnerships.
Advantages & disadvantages of a partnership.
Co-operatives. Introduction and formation.
Ownership, capital & management.
Producer Co-operatives.
Consumer Co-operatives.
SACCOs

By the end of the lesson, the learner should be able to:


Describe the features of sole proprietorship of a business with regard to ownership, formation, sources of capital, management and dissolution of the business.

Define the term partnership deed.
Identify components of a partnership deed.
Outline rights of a partner and duties as enshrined in the Partnership Act.

Brainstorming;
Probing questions;
Exposition;
Discussion.

Chart forms of business units showing all features.
student book
Chart ? forms of business units showing all features.
student book
Chart ; forms of business units showing all features.
Chart: structure of co-operatives in Kenya.

New
Inventor
KLB BOOK II
Pg 1-2

New Inventor KLB BOOK II Pg 4-5,7

FORMS OF BUSINESS UNITS

Primary and secondary co-operative societies.
Limited liability companies. Formation of a company.
Sources of capital. Shares.
Other sources of capital.
Types of companies. Private limited companies.
Public limited company.
Management & role of stock exchange market.

By the end of the lesson, the learner should be able to:
Identify primary and secondary co-operative societies.
State advantages & disadvantages of co-operative societies.

Exposition;
Explanations;
Discussion.

student book
Chart ; forms of business units showing all features.
Chart- sources of capital.
Chart: organization structure of a company.

New Inventor KLB BOOK II Pg 13-14

FORMS OF BUSINESS UNITS
GOVERNMENT & BUSINESS
GOVERNMENT & BUSINESS
GOVERNMENT & BUSINESS
GOVERNMENT & BUSINESS
GOVERNMENT & BUSINESS
GOVERNMENT & BUSINESS

Dissolution of limited liability companies.
Public Corporations & Parastatals.
Management, financing and dissolving of public corporations.
Trends in forms of business units. Topic review.
Government involvement in business activities.
Govt involvement in business; -regulation.
Govt involvement in business; -training. -trade promotion.
Govt involvement in business; -public utilities. -enabling environment.
Merits and demerits of government involvement in businesses.
Consumer protection.

By the end of the lesson, the learner should be able to:
Identify possible reasons for liquidation of a company.

Probing questions;
Discussion;
Written exercise.

student book
Chart ; forms of business units showing all features.
newspaper
Some counterfeit products.

New Inventor KLB BOOK II Pg 25