Business Studies 0.0 / 5 ? Business StudiesOwnership and controlGCSEEdexcel Created by: Moorvi09Created on: 10-12-13 09:26 PLC Public Limited Company. Can be owned by members of the public and investors such as banks or insurance companies. 1 of 6 LTD Private Limited Company. Each owner has a share of the business and is known as a shareholder. 2 of 6 Sole Trader Owned by just one person even though there are several employees. They are responsible for every aspect of the business. 3 of 6 Partnership Owned and run by two or more people. The partners are jointly responsible for running the business. 4 of 6 Charity Provides benefits for groups in society. They are a non-profit organisation. 5 of 6 Franchise A franchise is where a large company allows smaller businesses to use their name. 6 of 6
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