What is the difference between the public and private sector?
Public is ran by the Government and private is owned by private individuals
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What is the difference between unlimited and limited liability?
Unlimited responsible for debts, owners belongings at risk, limited owners aren't responsible for debts only risk losing the amount they put into the business
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What are the differences between private and public limited companies?
Private cant sell shares on the stock exchange
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What business is a PLC?
Public limited companies
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Why do share holders invest in business's?
1.Capital gain 2.Dividends 3.Involved in running a business 4.Believe in the aims/ objectives of the business 5.Help the business to survive/grow
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Why might share prices change?
Performance of the company, interest rates,economy, reputation
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What external factors affect costs and demand?
Political, labour supply, incomes, economic factors, seasonal demand and supply
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Other cards in this set
Card 2
Front
What does a mission statement tell you?
Back
About the business' intentions and aims
Card 3
Front
What does SMART mean?
Back
Card 4
Front
What are the 4 types of objectives?
Back
Card 5
Front
What is the difference between the public and private sector?
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