A private limited company is when owner liabilty is limited to its shares
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What is a public limited company?
A public limited company is where the public can invest in shares
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What is a company?
They are businesses that have their own legal identity. They can own items, owe money, sue & be sued.
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What is a stakeholders?
Its an individual or organisation that affects or is affected by the activities of a business. Shareholders are stakeholders but so are suppliers, employees, distributors
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What is a shareholder?
Its an owner of a company. Each shareholder owns a share of the business
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What are Environmental & Sustainability targets?
make sure business activity does not harm environment; limit energy they use, limit carbon footprint,
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What is a Market share?
Target of share of market they hope to achieve: market share measures the sales of one product or business as a percentage of the total market sales.
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What is survival?
Simply surviving is an achievement at first- to publicize businesses name, may be necessary to charge lower prices & make lower profits than entrepreneur would like to make in the long run.
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What is a business plan?
a document setting out what the business does at present, plus what it intends to achieve in the future and how this will be accomplished. The plan will include marketing & financial plans
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What is unlimited liability?
occurs when the personal possessions of the owners of the business are at risk if there are any problems. There is no limit to the amount of money the owners may have to pay out.
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Other cards in this set
Card 2
Front
What is a public limited company?
Back
A public limited company is where the public can invest in shares
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