Vocabulary

Franchise is the granting of a license by one person

(the franchisor) to another (the franchisee) to trade using the brand name of the franchsor.

A company have limited liability , Sell share to raise capital , Owned by shareholders , run by directors and managers 

These have Ltd after their name. Shares can only be sold family and friend inwited people only.

These have LPC after their name. Shares can be sold to anyone. Sold on the stock exchange There is a risk of being taken over.

A person who organises operates and assumes the risk for a business venture.

A partnership is the relationship existing between two or more person who join to carry on a trade or business.

A sole trader is you run your own business as an individual. you can keep all your business's profits after you've paid tax on them.

A Overviem is  a general reviem or summary of a subject and a critical overviem of the scientific issues of our time.

An unincoroorated association is an organisation set up through an agreement between a group of people who come together for a reason other then to make a profit, e.g. a voluntary group or a sports clup.

Your form of business determins which income tax reture form you have to fit.

A person who owns something

A person responsible for controlling or adminsisting all part of a company or similar organization.

A person employed for wages or salary, especially at nonexecutive level.

A group of people living in the same place or having a particular characteristic in common.

The governing body of a nation , or community.

A person or organization that buys goods or services from a store or business.

A good is to be desired or appoved of. e.g. Coca Cola , Hamberger , Steak ,

hot dog etc.

The action of helping or doing work for someone.

e.g. Heir cut , Suppermarket , Bank , Hotel , Hospital etc.

The final user of a product. 

All customers and Consumer who are interesting in buying a product and have the financial resources to do so.

A good or Service which is essntial to living. 

A good or service which people would like , but is not essential for living.

The part of the earth's surface that is not covered by water , as opposed to the sea or the air.

The most impoetant city or town of a country or region , usually its seat of goverment and administrative center.

A project or undertaking typically one that is difficult or requires effort.

A lobour is work , especially hard physical work.

The cost of the next best alternative fore gone.

The process of increasing the worth of resources by modifying them.

A person with an interest or concern in something , especially a business.

The definition of a supplier is a person or entity that is the source for goods or services. A company that provides microprocessors to a major computer business is an example of a supplier.

A determination is the process of establishing something exactly, typically by calculation or research.

The action of admitting someone into a secret or obscure society or group, typically with

a ritual.

The act or fact of doing something that involves danger or risk in order to achieve a goal. Starting a business always involves some risk-taking.

The action or process of making decisions, especially important ones.

The process of making plans for something.

The action or fact of persuading someone or of being persuaded to do or believe something.

The action of leading a group of people or an organization.

A luck is success or failure apparently brought by chance rather than through one's own actions.