Introduction
will be asking learners to name and identify markets around where they live
ask them to name the their branded items they usual wear the most
ask them to identify how are they different from the one we use malls
Task
going to ask them to identify the type of ownership they saw in the video
ask them them to use their textbook for todays lesson
Process
sole trader
one person owns and runs the business and that person is responsible for any obstacle that might come up in the business
The characteristics of a sole trader
* they control everything in the business
* they keep all the profit to them
no high cost to start the business
very easy to start an business
disadvantages
tax is payed personally
the owner is liable for all liabilities made in the business
advantages
control over the business
profit goes to the owner
Evaluation
activity
true a or false
1.sole trader is managed by 5 partners
2.in a sole trader the business profit goes to the owner
3.all liabilities are paid by the workers
4.good managerial skills are required when opening this kind of business
Conclusion
learners please complete the activity above
watch again the video in order to understand the sole trader form of ownership
contact me when you have a question
thank you
Credits
study and master
economic and management sciences
2. youtube videos
Teacher Page
dear students
for any quires that you might have please contact me via 217036872@mycput.ac.za