Page 75 - Business_Studies_F5

Student's Book Form Five

Types of business licenses
Activity 5.1
Business registration of either a medium-
sized or other forms of business in
Visit a nearby business licensing
authority and request for a list of Tanzania is a multifaceted phenomenon
registered medium-sized businesses in as demonstrated in Figure 5.1. Moreover,
FOR ONLINE READING ONLY
the locality. Thereafter, consult at least business registration depends on the form
three owners of those businesses and ask of the business (size, business organisation,
them about the benefits of registering and products), type of sector, locality
their businesses. (Tanzania Mainland versus Zanzibar),
ownership (local versus foreign), location
(rural versus urban), and many other
Exercise 5.1 factors. Based on the Tanzania Small and
Medium Enterprise (SME) Development
1. Describe the aspects involved in Policy of 2003, capital invested and
registering the businesses. number of employees are criteria used in

2. Why should a business undertake determining the category of businesses
registration? when the businesses including medium-
sized enterprises are registered.

Figure 5.1: Thoughts of organs responsible for registering businesses

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Business Studies FORM 5.indd 66 30/06/2024 19:02:35