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6. Give two differences between PLC and LTD ...
- PLC can raise more capital and obtain finance easily, e.g from shares. LTD do not have to provide detailed accounts like PLC
- PLC are private. LTD are public.
- PLC have way more money. PLC have more workers.
7. What is an advantage of running a Private LTD?
- Selling shares on the stock market
- Maintain close control over running the business as shares are not easily accessible
- Losing all control
8. What do businesses in the public sector do?
- Provide a service
- Make a profit
- Sell at the highest price
9. Give 2 examples of internal stakeholders
- Customers and Banks
- Managers and employees
- Local residents and Government
10. Who are businesses in the public sector owned by?
- Local people
- Government
- Managers and Directors
11. Give two reasons why being a stakeholder is beneficial
- You will receive lots of money no matter how successful the business
- Values of shares can increase and be sold on for more and they grant owners voting rights to have an opinion and input
- You can take over the business with 25% or over shares
12. Give an example of the tertiary sector
- Tesco's
- Retail
- Ash End Farm
13. Give 2 examples of external stakeholders
- Employees and owners
- Local community and Shareholders
- Managers and workers
14. Why does conflict arise between stakeholders?
- Each stakeholder has their own different objectives for what they want the business to achieve
- They hate each other
- Each stakeholder has their own views which are all very similar
15. Give an example of a public sector organisation
16. What is an example of the primary sector?
17. What is a stakeholder?
- An individual, or group who is affected and/or interested by the actions of a business
- An individual, or group who is affected by profit made by a business
- An individual, or group who is not affected by a business
18. What must be listed after a Private Limited Companies name
19. What must be listed after Public Ltd company?
20. What is an advantage of running a Public Ltd Co?
- More attractive credit facilities making it easier to obtain finance
- PLC is massive
- Higher risk investment