1. Cannot be listed or quoted on the stock exchange so cannot offer shares for sale to the general public 2.Scope for expansion into a really large business is limited 3.Accounts are available to the general public at companies house so it is ltd is
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Advantages of private limited companies
1.Has more status than a sole trader or partnership .Some customers and suppliers will have more confidence in the business as it has a clear legal identity 2.limited liability for all shareholders unlike the unlimited liability faced by sole traders
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social costs
the actions that the business undertakes and has negative impact on society .
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social benefit
The benefits of a business activity, not just to the firm but to society.
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Examples of social cost and benefits
1.Traffic congestion, water pollution, air and noise pollution 2. employment gyms->brings down obesity levels ,body shop->product sold are not animal tested,creating cleaner environments .
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Other cards in this set
Card 2
Front
1.Has more status than a sole trader or partnership .Some customers and suppliers will have more confidence in the business as it has a clear legal identity 2.limited liability for all shareholders unlike the unlimited liability faced by sole traders
Back
Advantages of private limited companies
Card 3
Front
the actions that the business undertakes and has negative impact on society .
Back
Card 4
Front
The benefits of a business activity, not just to the firm but to society.
Back
Card 5
Front
1.Traffic congestion, water pollution, air and noise pollution 2. employment gyms->brings down obesity levels ,body shop->product sold are not animal tested,creating cleaner environments .
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