Limited companies and multinationals Flashcards
Venture capitalists
Specialist investors who provide money for business purposes
Limited company
Business organization that have separate legal identity from their owners
Limited liability
Shareholders are responsible for the debts if the firm depending on how many shares they own
Chairperson
Someone who is in charge of a meeting or directs work of a comité or organization.
Certificate of incoporation
Document needed before a new company can start doing a business
Stock market
Market for shares in PLC’S
Prospectus
Documents produced by a company that wants the public to buy its shares
Flotation
Process of a company “going public”
MNC
Large firms located in at least 2 countries
Productivity
Rate at which goods are produced in a given proportion of time
Public corporation
Business organisations owned and controlled by the state
Infrastructure
Basic systems and structures that a country or organization needs in order to work properly
Natural monopoly
Market where it is more efficient to have just one organization meeting total market demand s
Subsidise
Paying part of the costs
Privatization
When a firms firm goes from the public sector to ten probate sector.
