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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

  • NHS
  • Barclays
  • BHS

16. What is an example of the primary sector?

  • Tescos
  • Farming
  • Factory

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

  • LTD
  • PLC
  • FCUK

19. What must be listed after Public Ltd company?

  • LOL
  • PLC
  • LTD

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