A document setting out what the business wants to achieve in the future and how it will be accomplished
A business plan
1 of 19
The money invested into a business from different sources of finances
Funding
2 of 19
Where a business attempts to estimate future sales, or other financial information
Forecasting
3 of 19
What is an LTD?
Private limited company
4 of 19
What is a PLC?
Public limited company
5 of 19
The process of forming a limted liability company
Incorporation
6 of 19
Wealthy individuals who invest money into other entrepreneurs businesses
Venture capitalists
7 of 19
The owners of a business are personally responsible for any debts the business has
Unlimited liability
8 of 19
Any debts the business is paid from the businesses money not the owners
Limited liability
9 of 19
A business that is owned and run by 1 person
Sole trader
10 of 19
A legal document drawn up between the partners of a business stating the reponsibilities of each partner and how the business wil operate
Deed of partnership
11 of 19
Ownership split between 2-20 partners is a..
Partnership
12 of 19
Shareholders in a business who have been elected by other shareholders in the company to run it on their behalf
Directors
13 of 19
A yearly meeting that all shareholders are invited to. Directors will explain how the business has performance during last year, and directors for next year will be elected
Annual General Meeting
14 of 19
When a company allows other entrepreneurs to set a business using their name and selling their products or service
Franchise
15 of 19
The person buying the franchise
Franchisee
16 of 19
The person selling the franchise
Franchisor
17 of 19
A business that is set up to help society rather than make a profit. e.g charities
Social enterprise
18 of 19
The process of purchasing and transporting all of the resources that are needed by the businessto produce their products/services and get them too customers
Logistics
19 of 19
Other cards in this set
Card 2
Front
The money invested into a business from different sources of finances
Back
Funding
Card 3
Front
Where a business attempts to estimate future sales, or other financial information
Comments
No comments have yet been made