Business Keywords (Starting a Business) 5.0 / 5 based on 2 ratings ? Business StudiesStarting a businessGCSEOCR Created by: Aleena_xoxoCreated on: 31-10-18 22:13 Define 'Gap in the Market' An idea for a good or service that other businesses haven't come up with. This can be developed from other businesses 1 of 10 Sole Trader When there is ONE owner of a business 2 of 10 Partnership When there is MORE THAN 2 owners of a business 3 of 10 Private Limited Company Often a small business that is owned by at least 2 shareholders. Has Ltd after its name 4 of 10 Public Limited Company A large business that sells world-wide. Has plc after its name 5 of 10 Deed of Partnership A document for a partnership that states how profits are shared and the amount of capital invested etc. 6 of 10 Sleeping Partner A partner who invests in a business but takes no part in the actual running of the business 7 of 10 Limited Liability When the debts of the business are paid without the owners' personal possessions or savings being affected 8 of 10 Unlimited Liability When the debts of the business is paid off using the owners' personal belonging and savings 9 of 10 Shareholder An owner of a Private Limited Company or a Public Limited Company 10 of 10
Comments
No comments have yet been made