Business Studies

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  • Created by: Moorvi09
  • Created 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.
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LTD
Private Limited Company. Each owner has a share of the business and is known as a shareholder.
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Sole Trader
Owned by just one person even though there are several employees. They are responsible for every aspect of the business.
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Partnership
Owned and run by two or more people. The partners are jointly responsible for running the business.
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Charity
Provides benefits for groups in society. They are a non-profit organisation.
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Franchise
A franchise is where a large company allows smaller businesses to use their name.
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Other cards in this set

Card 2

Front

Private Limited Company. Each owner has a share of the business and is known as a shareholder.

Back

LTD

Card 3

Front

Owned by just one person even though there are several employees. They are responsible for every aspect of the business.

Back

Preview of the back of card 3

Card 4

Front

Owned and run by two or more people. The partners are jointly responsible for running the business.

Back

Preview of the back of card 4

Card 5

Front

Provides benefits for groups in society. They are a non-profit organisation.

Back

Preview of the back of card 5
View more cards

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