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Lecture notes Business Management (Cbma) Introduction to Business Management
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Best summary of the third chapter of the textbook
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Varsity College BCOM Year 1 Business Management 1A LU 10
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INSTRUCTOR'S MANUALINSTRUCTOR'S MANUAL
CHAPTER 3: ESTABLISHING A
BUSINESS
,Chapter content
• Introduction
• The legal form of ownership
• Developing a business plan for the new
business
• The location of the business
• Summary
, Introduction
• Different forms of enterprise available to the
entrepreneur outlined
• Factors in selecting appropriate form of
enterprise
• Characteristics of enterprises discussed, as
well as advantages and disadvantages
• Entrepreneurs who are aware of options can
make informed decisions
• Basic content of business plans
• Location factors of a business
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