Key Definitions

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Define private sector
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

Preview of the back of card 3

Card 4

Front

A business owned by shareholders. It sells shares to family and friends only.

Back

Preview of the back of card 4

Card 5

Front

A business owned by shareholders. It sells shares on the stock exchange to members of the public.

Back

Preview of the back of card 5

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