Introduction to Business

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Public Limited Company Advantages
more capital raised, easy to expand & diversify.
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Public Limited Company Disadvantages
Easy to buy shares, Little say in how company is run, Many shareholders to disagree with.
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Franchisees
A business which agrees to manufacture, distribute or provide a branded product
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Entrepreneurs
A person who organizes & operates a business.
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Examples of PLCs
Tesco,Subway,McDonalds.
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Partnership
A business with a minimum of two owners
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Franchisor Disadvantages
Damage reputation, Responsible for advertising, Difficult to control.
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Examples of LTDs
Mars, Levi, ToysRUS, Arcada
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Sole Trader Advantages
Easy to set up, Tax Advantages, Full Control, Keeps all profit, Flexible Hours
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LTD Advantages
Limited Liability, You decide shareholders, Business continuity
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LTD Disadvantages
Hard to set up, Detail records, Less control, High set up costs
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Sole Traders Disadvantages
Unlimited Liability, Lack of business continuity, High workload, Long hours, Own money invested
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Franchises
The right given by one business to another to sell goods and services using there name.
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Partnerships Advantages
Range of Skills, Accounts are private, Business continuity, Spread workload, Debt spread amongst partners.
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Franchisor
The business which gives franchisees the right to sell its product, in return for a fixed sum of money
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Partnerships Disadvantages
Disagreements, Profit shared, Less control, Unlimited Liability, Different work ethics
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Sole Trader
A business owned by a single owner, with unlimited liability
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Franchise Disadvantages
Franchise can be removed, Less control, Royalty Payments, Supplies have to be purchased by franchisor-expensive
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Franchisor Advantages
Easier to grow/expand, Royalty Payments, Lower day-to-day costs, Increased brand name
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Franchises Advantages
Good chance of success, Easier to borrow money, Less problems to overcome, Advertising paid for by Franchisor
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Other cards in this set

Card 2

Front

Easy to buy shares, Little say in how company is run, Many shareholders to disagree with.

Back

Public Limited Company Disadvantages

Card 3

Front

A business which agrees to manufacture, distribute or provide a branded product

Back

Preview of the back of card 3

Card 4

Front

A person who organizes & operates a business.

Back

Preview of the back of card 4

Card 5

Front

Tesco,Subway,McDonalds.

Back

Preview of the back of card 5
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