Business

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what are business objectives?
Business objectives are stated measurable targets of hot to achieve its aims
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What is a sole trader?
One person that owns the company
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What is a partnership?
2- 20 people owning the company
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What is a dividend?
A payment made to shareholders from the profits made by a plc or ltd.
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What is limited liability?
The woner of a bus9niess does not rick loosing personal possessions in order to pay off any of the bsuinesses debts
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Define capital
Money usually raised through the sales of shares to investors
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What is a franchise?
A marketing arrangemnt that allows another busniess to trade in the same style as an existing business
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What is a Franchisor?
The name given to the person or busniess who offers to franchise to other businesses its trading methods, products and business logo
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What is a Franchisee
The name given to a business or person buying a franchise
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What is royalty?
The name given to a franchisor based on the sales revenue of the franchise
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Other cards in this set

Card 2

Front

One person that owns the company

Back

What is a sole trader?

Card 3

Front

2- 20 people owning the company

Back

Preview of the back of card 3

Card 4

Front

A payment made to shareholders from the profits made by a plc or ltd.

Back

Preview of the back of card 4

Card 5

Front

The woner of a bus9niess does not rick loosing personal possessions in order to pay off any of the bsuinesses debts

Back

Preview of the back of card 5
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