Exploring Business Ownership: A Lesson on the 3 Basic Types of Business Ownership

Exploring Business Ownership: A Lesson on the 3 Basic Types of Business Ownership

Learning Objective

Understand the 3 basic types of business ownership and their characteristics.

What do you already know about different types of business ownership?

Slide 1: Introduction to Business Ownership

Definition of business ownership and its importance in the business world.

Slide 2: Sole Proprietorship

Characteristics of sole proprietorship and examples of businesses that operate under this ownership.

Slide 3: Partnership

Explanation of partnership as a form of business ownership and its key features.

Slide 4: Corporation

Overview of corporation as a business ownership structure and its unique aspects.

Slide 5: Activity - Business Ownership Match

Interactive activity where students match characteristics to the correct type of business ownership.

Slide 6: Manipulative - Creating a Business Model

Hands-on activity where students create a basic business model for each ownership type.

Slide 7: Comparison Chart

Chart comparing the advantages and disadvantages of each type of business ownership.

Slide 8: Recap and Review

Summary of key points covered in the lesson and a review of the different types of business ownership.