An individual or group with an interest in a business, such as employees, customers, managers, shareholders, suppliers, competitors and the local community.
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Card 17
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A statement showing how a business sets out to achieve its aims and objectives.
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Card 18
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The capital (money) provided for the various stages of business growth by different sources of finance, either on a short- or long-term basis.
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Card 19
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A technique where the business attempts to estimate future sales, or other financial variables.
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Card 20
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The potential for loss but rewards in business make it a calculated gamble.
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Card 21
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Not knowing the future, or what is going to happen
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Card 22
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The most common form of business organisation, just one person running the business.
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Card 23
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The simplest way 2-20 people can be in business together where partners are jointly and personally responsible responsible for debts (Unlimited liability).
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Card 24
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This means that owners are responsible for all the business's debts, even if it means selling their possessions to pay them back.
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Card 25
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The process of forming a limited liability company such as a private limited company or plc.
