Small Business Management

QUESTION 1 Legal Structure (750 words)

List, explain and evaluate the most common forms of legal structures for a Small Business. You should stress the importance for a small business to choose the appropriate legal structure.

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QUESTION 2 Funding Opportunities for a Small Business (750 words)

List, explain and evaluate the main funding options for a Small Business, including advantages and disadvantages of selecting those options. Include linkages to business structure


It assesses the following learning outcomes: Students will be able to

– Distinguish the characteristics, competences and contributions of small businesses, as well as their challenges.

– Explain key components of the strategic management of growth to small business contexts.

– Critically assess and apply suitable marketing and financing strategies to small businesses.

– Conduct a small business using the strategic elements.



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