Key Terms 0.0 / 5 ? Business Studieskey termsGCSENone Created by: MeganPearsonCreated on: 11-05-15 11:54 A word used to describe the skills and personality of a person that makes them successful in a business Enterprise 1 of 15 A person who takes the risk of starting and running a business (they will have enterprise skills) Entrepreneur 2 of 15 What the business is trying to achieve, they change in time and vary from business to business Business Objectives 3 of 15 A brief summary of the main objectives a business or organisation has Mission statement 4 of 15 A person or group that has an interest in the business Stakeholder 5 of 15 Only one person owns the business Sole trader 6 of 15 Unincorperated business owned by more then one preson Partnership 7 of 15 A legal agreement in a partnership to state the responsibilities of the partners Deed of pertnership 8 of 15 A marketing agreement that allows another business to trade in the same style as the exsisting business Franchise 9 of 15 The name given to the business or the person buying a franchise Franchisee 10 of 15 A business owned by shareholders - Family and friends Private limited company (Ltd) 11 of 15 A business owned by shareholders - shares bought and sold without restrictions Public Limited Company (Plc) 12 of 15 Money raised through the sale of shaers to investors Capital 13 of 15 A limited liability is said to be ...... when liabilities are greater then assets Insolventcy 14 of 15 The amount of share capital issued to investors Issued Share Capital 15 of 15
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