Setting Up A Business

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  • Created by: DJIrving
  • Created on: 27-04-16 09:24
The right given by one business to another to sell goods/services using its name e.g. McDonalds
Franchise
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The proportion of sales by one business in a market compared to the total size of the market.
Market Share
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A group of people who are interested in a business
Stakeholders
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When shareholders are liable for the debts of a company only up to the value of their share holding.
Limited Liability
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Shares are not sold on the stock exchange
Private Limited Company
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Overall goals the company wish to achieve
Aims
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A business owned/run by a single individual
Soletrader
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Two or more people trading together as an organisation
Partnership
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The 4p’s Price, Promotion, Place and Product.
Business Plan
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Business ethics means ‘taking the right course’. Acting ethically takes into account all the factors of doing business. Definition for sustianbility ‘An enduring and balanced approach to economic activity, environmental responsibility and societal be
Ethics and Sustainability
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Other cards in this set

Card 2

Front

The proportion of sales by one business in a market compared to the total size of the market.

Back

Market Share

Card 3

Front

A group of people who are interested in a business

Back

Preview of the front of card 3

Card 4

Front

When shareholders are liable for the debts of a company only up to the value of their share holding.

Back

Preview of the front of card 4

Card 5

Front

Shares are not sold on the stock exchange

Back

Preview of the front of card 5
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