Intro Flashcards
1
Q
What is the advantage and disadvantage of a private limited company ?
A
Can chose there shareholders
But cannot raise large making of capital
2
Q
What is the advantage and disadvantage of public limited companies ?
A
Raising finance (capital )
Anyone can purchase shares (outsider control )
3
Q
Franchiser
A
Business who sells the right to another business to operate a franchise
4
Q
What is a franchisee ?
A
Business who uses franchisers brand , business ideas , methods in return for a fee
5
Q
What is the cost of a franchise ?
A
Initial start up fee
6
Q
What is a franchise
A
Business alows another operator to trade under there name
