Public means that shares in the comapny are traded on the stock exchange which can be bought and sold by anyone.
They have plc at the end of their company name.
Advantages:
- This is where the most capital can be made
- large capital amounts help company to expand and diversify
Disadvantages:
- shareholders have very little say unless they have a large share
- easy for people to buy shares therefore the risk of take over is high
- hard to make objectives with so many shareholders
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