Types Of Businesses Flashcards
1
Q
What is a public limited company
A
A large well-known business who is a chain of retailers in most city centres
2
Q
What is a private limited company
A
It is a small business who shares do not traded on the stock exchange
3
Q
What’s the stakeholder
A
Someone with an interest in the business
4
Q
What is a merger
A
When two companies join together come on
5
Q
What is the takeover
A
When a company often buy out a rival
6
Q
What is franchising
A
When a business leases its ideas to franchisees and allows new branches to open across the country and internationally
7
Q
What is an ethical business
A
Acting in ways that are both fair and honest
