Types of companies

Olia | Feb 06, 2026Feb 05, 2026

LESSON OVERVIEW

The main objectives of this lesson are to:

• engage in discussing different business models;
• practise vocabulary for types of companies;
• explore business paths and decisions.

In this lesson, students reflect on successful companies, explore vocabulary related to different types of businesses (e.g. subsidiary, sole proprietorship, joint venture), and share their opinions. They talk about personal preferences and experiences, play a guessing game in pairs and imagine business paths. Students also read about changes in companies and analyse business decisions.

WARM-UP AND VOCABULARY

This lesson focuses on vocabulary for types of companies and starts with a warm-up. Students think of a successful company for different categories (e.g. local company, globally recognizable company). They explain why they think each company is successful. After that, students match vocabulary for types of companies (e.g. public company, private company, parent company) with their descriptions. They then choose the best type of company to complete sentences about business scenarios. Afterwards, students say which type of company some statements might be about (e.g. it’s the fastest at making decisions). There are no incorrect answers as long as they justify their choice. Next, students discuss questions about personal experiences and opinions about company types.

GUESSING GAME AND DISCUSSION

In this part of the lesson, students practise vocabulary for types of companies by playing a guessing game. Student A picks a type of business from the lesson (e.g. private company, franchise, joint venture) and imagines what an investor, a CEO and an employee could say about it. Their goal is to make Student B guess the type of business on the first attempt. Then, students switch roles and continue with all types of business. After that, they imagine the path different businesses will take according to their situation (e.g. two friends want to open a small café together in their town). Students use the target vocabulary from the lesson. Finally, they read scenarios involving changes in companies’ ownership and structure and discuss business decisions and their impact.

HOMEWORK/REVISION

This lesson also includes an additional task that you can use as homework or revision. In the task, students correct mistakes in sentences. They then choose sentences and finish them with their own ideas. The task is available in the teacher’s version of the worksheet. You can print it and hand it out to your students. It’s also included in the e-lesson plan.

WORKSHEETS

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