Features of Business Flashcards
1
Q
Ownership & Liability
A
private: sole trader, partnership, plc, limited company
public: government department
not-for-profit: charitable trust, voluntary
2
Q
Purposes
A
-supply of products or services
-difference between for-profit and not-for-profit businesses
3
Q
Sectors
A
-Primary
-Secondary
-Tertiary
-Quaternary
4
Q
Scope
A
-Local
-National
-International
5
Q
Micro
A
up to 9 staff
6
Q
Small and Medium Enterprises (SMEs)
A
-Small: between 10-49 staff
-Medium: between 50-249 staff
7
Q
Large
A
More than 250 staff
