Types of ownership

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  • Created by: Jessmai28
  • Created on: 29-04-16 09:56
Sole trader
Owned by one person
1 of 8
Partnership
A business owned by 2 or more people
2 of 8
Cooperatives
Owned and run by people who share an interest in the business
3 of 8
Franchise
An individual who buys the right to ready made business
4 of 8
Limited company
Supply a memorandum of association which is who the managers will be and where the moneys coming from
5 of 8
Private limited company
Small to medium sized businesses
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Public limited company
-much larger -stocks and shares are traded publicly -share prices rise and fall depending on how successful the company is.
7 of 8
Public sector organisations
-controlled by the government -no shareholders -doesnt have to make profit -payed for by taxation
8 of 8

Other cards in this set

Card 2

Front

A business owned by 2 or more people

Back

Partnership

Card 3

Front

Owned and run by people who share an interest in the business

Back

Preview of the back of card 3

Card 4

Front

An individual who buys the right to ready made business

Back

Preview of the back of card 4

Card 5

Front

Supply a memorandum of association which is who the managers will be and where the moneys coming from

Back

Preview of the back of card 5
View more cards

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