Misc Flashcards
What is incorporation?
A protection giving limited liability
What effect would the Government raising the national living wage?
People would be able to spend more, providing more growth
What is the equation for income elasticity?
Change in quantity demanded divided by % change in income
If the interest rates increase what would that mean for people?
They would save more in banks as they would have a higher return
If the interest decreases, what does that mean for people?
They would withdraw more savings and they would not get as much money
What is a similarity between Plc and LTD’s?
They both post their annual accounts
What is the equation for market shares?
Shares in the business divided by total sales in market x 100
What does PLC stand for?
Public limited company
What does LTD stand for?
Private limited company
