Business 0.0 / 5 ? Business StudiesAll topicsGCSENone Created by: LucyhemmensCreated on: 13-05-15 09:19 what are business objectives? Business objectives are stated measurable targets of hot to achieve its aims 1 of 10 What is a sole trader? One person that owns the company 2 of 10 What is a partnership? 2- 20 people owning the company 3 of 10 What is a dividend? A payment made to shareholders from the profits made by a plc or ltd. 4 of 10 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 5 of 10 Define capital Money usually raised through the sales of shares to investors 6 of 10 What is a franchise? A marketing arrangemnt that allows another busniess to trade in the same style as an existing business 7 of 10 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 8 of 10 What is a Franchisee The name given to a business or person buying a franchise 9 of 10 What is royalty? The name given to a franchisor based on the sales revenue of the franchise 10 of 10
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