Enterprise Flashcards

1
Q

What is a privately owned business?

A

-Owned by founders, or their families, or by a small group of investors whose shares in the company are not publicly traded

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2
Q

Define crowdfunding?

A
  • Internet-based scheme
  • Allows people to raise money through sharing their business idea to get started, such as manufacture of a new product
  • Investors lend money to projects that they believe are viable.
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3
Q

What are loans and grants?

A
  • Money provided by the government to start-up or continue/maintain businesses.
  • Loans need to be paid back, whereas grants do not.
  • An example of this would be tax relief on their investments.
  • Not all businesses are sucessful
  • Overall, has a high potential to boost economy and provide future employment
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4
Q

What are not-for-profit organisations?

A

-They reinvest all the profits back into the business for the benefit of all involved.

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