F291 Types of Business and more Quiz 4.0 / 5 based on 6 ratings ? Business StudiesASOCR Created by: Daisy JudgesCreated on: 26-12-12 21:26 What is an example of the primary sector? Farming 1 of 20 What does business in the secondary sector do? Manufacture 2 of 20 Give an example of the tertiary sector Tesco's 3 of 20 What is the tertiary sector Where goods are sold 4 of 20 What do businesses in the private sector do? Make a profit 5 of 20 What do businesses in the public sector do? Provide a service 6 of 20 Who are businesses in the public sector owned by? Government 7 of 20 Private sector businesses provide a service where at delivery point is usually free, e.g NHS False - Public Sector businesses do this 8 of 20 Give an example of a public sector organisation NHS 9 of 20 What is a stakeholder? An individual, or group who is affected and/or interested by the actions of a business 10 of 20 Why does conflict arise between stakeholders? Each stakeholder has their own different objectives for what they want the business to achieve 11 of 20 Give two reasons why being a stakeholder is beneficial Values of shares can increase and be sold on for more and they grant owners voting rights to have an opinion and input 12 of 20 What must be listed after a Private Limited Companies name LTD 13 of 20 What is an advantage of running a Private LTD? Maintain close control over running the business as shares are not easily accessible 14 of 20 What must be listed after Public Ltd company? PLC 15 of 20 How much is needed to start up a Public Ltd? £50,000 16 of 20 What is an advantage of running a Public Ltd Co? More attractive credit facilities making it easier to obtain finance 17 of 20 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 18 of 20 Give 2 examples of internal stakeholders Managers and employees 19 of 20 Give 2 examples of external stakeholders Local community and Shareholders 20 of 20
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