The part of business activity owned by private individuals. This is the greater part of business activity and includes sole propertietors, partnerships and private and public limited companies
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Define public sector
The part of business activity controlled by locaql and central government, including health, education, fire service, police and the post office.
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What's the difference between a frachisor and a franchisee?
A FRANCHISOR is the name given to the person/business who offers to franchise to other businesses its trading methods, products and business logo. A FRANCHISEE is the name given to the business or person buying a franchise.
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What is a Private Limited Company?
A business owned by shareholders. It sells shares to family and friends only.
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What is a Public Limited Company?
A business owned by shareholders. It sells shares on the stock exchange to members of the public.
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Other cards in this set
Card 2
Front
The part of business activity controlled by locaql and central government, including health, education, fire service, police and the post office.
Back
Define public sector
Card 3
Front
A FRANCHISOR is the name given to the person/business who offers to franchise to other businesses its trading methods, products and business logo. A FRANCHISEE is the name given to the business or person buying a franchise.
Back
Card 4
Front
A business owned by shareholders. It sells shares to family and friends only.
Back
Card 5
Front
A business owned by shareholders. It sells shares on the stock exchange to members of the public.
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