Definitions 6 Flashcards
Limited company
A business organisation which has a separate legal entity from that of its owners
Holding companies
Public limited companies which owns enough shares in a number of other companies to exert control over them
Private equity company
A business usually owned by private individuals backed by financial institutions
Consumer co-operative
A business organisation which is run and owned jointly by the members, who have equal voting rights
Mutual organisation
Businesses owned by members who are customers, rather than shareholders
Not-for-profit organisation
Organisations that are run according to business principles, but do not aim to make a profit
Pressure groups
Groups of people that attempt to influence decision makers in politics, business and society
Public sector
Business organisations owned and controlled by central or local government
Worker co-operative
A business organisation owned by employees who contribute to production and share in profit
Authorised share capital
The maximum amount of capital which can be legally raised
