Types and Characteristics of Enterprises

The video lesson introduces entrepreneurship for JHS 2 students, focusing on defining enterprises and exploring their types and forms. It distinguishes between private and state-owned enterprises, providing examples of each. The lesson further classifies enterprises into five types based on ownership, funding, formation, and business outcomes. The session concludes with a call to review the material and prepare for the next lesson.

What is the main focus of today's lesson?

• History of Ghana

• Entrepreneurship

• Geography

• Mathematics

What is an enterprise primarily established to do?

• Provide education

• Build infrastructure

• Produce goods and/or render services

• Conduct research

Which of the following is a characteristic of state-owned enterprises?

• Operates without government oversight

• Established by the state

• Focuses on international markets

• Owned by private individuals

Which of these is an example of a state-owned enterprise in Ghana?

• Central University

• Electricity Company of Ghana

• MTN Ghana

• Unilever Ghana Limited

What distinguishes private enterprises from state-owned ones?

• They are funded by the government

• They are not allowed to make a profit

• They are owned by private individuals or groups

• They do not produce goods

Which of the following is a private enterprise in Ghana?

• Ghana Water Company Limited

• Volta River Authority

• Kena Pharma Ghana Limited

• Tama Oil Refinery

How many types of enterprises are generally recognized in Ghana?

• Five

• Six

• Four

• Three

Which of the following is NOT a type of enterprise mentioned?

• Non-profit organization

• Limited liability company

• Partnership

• Sole proprietorship

What is a key factor in classifying types of enterprises?

• Ownership

• Age of the business

• Location

• Number of employees

What should students do to prepare for the next lesson?

• Watch a documentary

• Conduct a survey

• Read ahead in their textbooks

• Write an essay