BUSINESS ADVANTAGE V DISADVANTAGE Flashcards
1
Q
SOLE TRADER:
A
all profit, start up costs are low
liable for damages
2
Q
PARTNERSHIP:
A
share ideas, collaboration
issues with contract, share income
3
Q
PRIVATE LIMITED COMPANY:
A
limited liability, variety of expertise
expensive, regular profits paid out to shareholders
4
Q
PUBLIC LISTED COMPANY:
A
unlimited shareholders, listed on ASX
shareholder takeover, not in complete control
5
Q
SOCIAL ENTERPRISE:
A
better relationship with customers, beneficial for environment
not prioritizing profit, rely on funds from the community
6
Q
GOVERNMENT BUSINESS ENTERPRISE:
A
access to funding, funded by government
limited profit, taxes
