Exploring Business Flashcards
Types of Private Limited companies
John Lewis
River Island
McClaren
Types of Public limited companies
Man United
Tesco
Rolls Royce
Three ways that a business is owned
Public
Private
Not for profit
Types of Sole traders
Gardener
Photographer
Taxi Driver
Partnership
Where two or more people own a business
Limited Liability
Where a business only has to pay the debts for a business
Unlimited liability
Where a business is responsible for all the debts
What are the three business activities
Local
National
International
What are the four business sectors?
Primary
Secondary
Tertiary
Quaternary
Revenue
Income received by the Business
Non-profit Business
A business that aims to achieve something other than a profit
Profit Seeking business
A business that aims to make a profit
Market force
Factors created by the economy for the demand of products
