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Student's Book Form Five
Exercise 2.5 2. Business units are classified in
1. How co-operatives differ from joint different ways depending on their,
ventures? size, ownership, and industry sector.
2. With vivid examples, explain different 3. According to size, business units in
types of co-operatives. Tanzania are classified into micro,
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3. Co-operative organisations have small, medium, and large enterprise.
no significant contributions to the 4. According to ownership structure,
welfare of their members. Discuss business units are classified into two
this statement. forms of ownership, that is public
and private.
Skills lab activity 5. A company is a corporate association
of persons formed to carry out
Suppose that the majority of the newly certain specific functions with the
established businesses in Tanzania aim of making profit.
normally fail in the early stages to 6. Companies can be classified based
achieve their intended objectives. on the nature of capital, ownership,
As a Business Studies student, how control or holding, access to capital,
can you help the owners of those and other basis.
businesses to re-establish and sustain 7. Franchising is a business system
their operations?
in the form of marketing and
distribution in which the owner of
Project work a business system (the franchisor)
grants an individual or group of
Select and analyse case studies individuals (the franchisee) the
of successful and unsuccessful right to run a business using the
franchises in the context of Tanzania. franchisor’s business system.
Prepare a report about the key factors
that contributed to the success or 8. A joint venture is a union between
failure of those franchises. two or more companies that pool
their resources and expertise to
pursue a common goal for a specific
period where the enterprise’s risks
Chapter summary and rewards are also shared.
1. A business unit is an organisation, 9. Co-operatives are voluntary
enterprise, or firm that deals with organisations that are formed by
the production, distribution, and individuals to achieve common
exchange of products for the purpose goals or for the common interests
of making profits. of their members.
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