Definition of these phrases.
• Sole trader
Means someone who is self employed, they are the sole owner of there business that is neither a partnership nor a company.
A group of 2 or more companies working together to better there productivity and money earning. And help each other out.
• Private limited company.
A firm ho has limited stock holders and these stock holders can only sell to other stock holders first before trying to sell there stocks elsewhere. Plc’s have to have a fixed number of share holders usually 50
• Public limited company
In this case a plc has many more share holders and they can sell there shares to anyone also a plc has to produce there true financial position so that people buying shares can find out there true worth.
Government conferred right to exist as a legal business within a particular influence and to exercise company powers.
• Government department or agency.
A group of people that sets and administers public policy, and exercises executive, political and sovereign power through the customs, institutions and laws within a state.
A company that sells things given to them to other people and takes no profit ad gives different organisations to help people and plants etc,
Bristol blue glass is a public limited company and Argos is a partnership, as it is partnered with home base.
|Local business |A business that serves a local market |Tollgate tea shop |
| |e.g. Brislington | |
|National business |A business which operates around a whole |Boots |
| |country, these are usually medium sized |...