B1 Flashcards
1
Q
Sole trader
A
Company run by one person
B&B
2
Q
Franchise
A
Company with multiple locations
3
Q
Tangible
A
Somethung that can be handled
Boarding pass
4
Q
Intangible
A
Something that can not be handled
Travel insurance
5
Q
Aims of a private sector organisation
A
To make profit
To increase market share
6
Q
Smes
A
Small and medium enterprises
Employ 10-250 people
7
Q
Private sector
A
Airlines, travel agents, hotels
Owned by a private individuals for the purpose to make profit
8
Q
Private limited company
A
Company owned privately
Can choose who has stake
No personal belongings lost
Abta
9
Q
Public limited company
A
Shares availability for shares for public to buy
Jet2
10
Q
Public sector
A
Provides a service or information
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