key words Flashcards
1
Q
sole trader
A
Owned by one person
2
Q
partnership
A
Owned by two or more people
3
Q
Private limited company
A
Owned by shareholders, shares can be sold to family and friends (john lewis)
4
Q
Public limited company
A
Owned by shareholders, shares can be sold to anyone
apple
5
Q
Not for profit organisation
A
Has main objectives other than profit, for example being ethical
6
Q
shares and shareholders
A
individuals buy shares = owns a % of the business
owning shares = shareholder of business
assets = something a business owns
