owned by private shareholders and shares in them can only be bought privately.
anyone can buy shares, they are traded in a stock exchange
market for shares that have already been issued to shareholders. they can then sell off existing shares and buy others
not-for profit businesses
aren't run to make a profit
something a customer buys because they believe it will make them better off.
own more than one share in a business
this is provided for customers to enjoy but they do not have anything to take home with them
- Sole Traders (one owner) businesses.
- group of partners working together.
something you can touch and see
process of making the products
set up for a specific charitable purpose. they do not make a profit
they are staffed by unpaid volunteers such as the womens Royal voluntary service
aims and objectives
they are the ends that you seek to achieve when you carry out a particular task.
general end that a business is working towards.
sub-components to the aim
who the business belongs to
owned by shareholders but it is often managers who make decisions and control the business
owned and controlled by one person. it is the most common form of business and is found in wide range of activities.
all profits go to the sole trader