Business Key words

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  • Created by: Pascale
  • Created on: 08-04-14 09:58
PLC Public limited company
Limited liability. Sells its shares on the stock exchange
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LTD Private limited company
Unlimited liability. Private shareholders
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Franchise
Selling the rights to use a successful business e.g. Mac Donolds.
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Dividends
A percentage of profits received annually
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Piece rate
Get paid for each item the worker makes/produces
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Tall structure-flat structure
Tall structure has a lots of layers within the hierarchy whereas flat structure doesn't
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Vertical communication
Communication between different layers of the hierarchy.
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Other cards in this set

Card 2

Front

LTD Private limited company

Back

Unlimited liability. Private shareholders

Card 3

Front

Franchise

Back

Preview of the front of card 3

Card 4

Front

Dividends

Back

Preview of the front of card 4

Card 5

Front

Piece rate

Back

Preview of the front of card 5
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