Overview
Define and explain the difference between a Firm and an Industry. State the factors that determine the size of a Firm. List and explain the meaning of different types of business. Discuss the formation and features of each type of business organization. Distinguish between private and public limited companies. Identify the strengths and weaknesses of the different types of business organisation. State the reasons for the predominance of small firms in Nigeria List method of raising funds in the capital market. Define private and public companies. State the characteristics, distinctions between private and public companies. Distinguish between quoted and unquoted companies. State the nature of the second-tier stock market.
What you'll learn
- Definition of firms and industry
- Types and basic features of business enterprises
- General and specific problems of business enterprises.
- Private and public companies; definition, characteristics, distinction between private and public companies.
- Quoted and unquoted companies, definitions and distinctions.
- Shares, debentures and bonds.