Different Terms in Business 0.0 / 5 ? Business StudiesDifferent TermsGCSEEdexcel Created by: Beth G-WCreated on: 21-04-16 10:52 What is a franchise? A franchise is an authorisation granted by a company to an individual to help to get into the world of business. 1 of 5 What is meant by a sole trader? A sole trader is a person who is the exclusive owner of a business. 2 of 5 What is a partnership? A partnership is an association of two or more people as partners. 3 of 5 What does PLC stand for? Programmable Logic Controller 4 of 5 What does LTD Stand for? Limited 5 of 5
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