Business Studies- Section 4
- Created by: Claudiatorresquiros
- Created on: 06-07-18 09:41
Key Term |
Definition |
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Sole Trader |
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Start-up capital |
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Partnership |
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Unicorparate business |
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Unlimited liability |
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Shareholder |
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Private limited company |
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Public limited company |
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Ordinary shareholders |
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Limited liability |
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Dividend |
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Collateral |
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Franchise |
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Joint Ventures |
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Public corporation |
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Similarities and differences between PLC and Ltd |
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Disadvantages of PLC |
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Differences between unincorporated businesses and limited companies |
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Choosing the type of business organisations - Businesses normally start as a sole trader (easier) and then they may grow into a limited company because they reduce the legal and financial risk, separate identities and increase capital. |
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