Introduction to Business 0.0 / 5 ? Business StudiesStarting a businessGCSEWJEC Created by: elishakearnsCreated on: 30-03-14 14:28 Public Limited Company Advantages more capital raised, easy to expand & diversify. 1 of 20 Public Limited Company Disadvantages Easy to buy shares, Little say in how company is run, Many shareholders to disagree with. 2 of 20 Franchisees A business which agrees to manufacture, distribute or provide a branded product 3 of 20 Entrepreneurs A person who organizes & operates a business. 4 of 20 Examples of PLCs Tesco,Subway,McDonalds. 5 of 20 Partnership A business with a minimum of two owners 6 of 20 Franchisor Disadvantages Damage reputation, Responsible for advertising, Difficult to control. 7 of 20 Examples of LTDs Mars, Levi, ToysRUS, Arcada 8 of 20 Sole Trader Advantages Easy to set up, Tax Advantages, Full Control, Keeps all profit, Flexible Hours 9 of 20 LTD Advantages Limited Liability, You decide shareholders, Business continuity 10 of 20 LTD Disadvantages Hard to set up, Detail records, Less control, High set up costs 11 of 20 Sole Traders Disadvantages Unlimited Liability, Lack of business continuity, High workload, Long hours, Own money invested 12 of 20 Franchises The right given by one business to another to sell goods and services using there name. 13 of 20 Partnerships Advantages Range of Skills, Accounts are private, Business continuity, Spread workload, Debt spread amongst partners. 14 of 20 Franchisor The business which gives franchisees the right to sell its product, in return for a fixed sum of money 15 of 20 Partnerships Disadvantages Disagreements, Profit shared, Less control, Unlimited Liability, Different work ethics 16 of 20 Sole Trader A business owned by a single owner, with unlimited liability 17 of 20 Franchise Disadvantages Franchise can be removed, Less control, Royalty Payments, Supplies have to be purchased by franchisor-expensive 18 of 20 Franchisor Advantages Easier to grow/expand, Royalty Payments, Lower day-to-day costs, Increased brand name 19 of 20 Franchises Advantages Good chance of success, Easier to borrow money, Less problems to overcome, Advertising paid for by Franchisor 20 of 20
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