Creado por dannistar26
hace más de 10 años
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Pregunta | Respuesta |
Incorporated | A form of business organisation which is a separate legal entity. It has limited liability and it owned by shareholders |
Unincoporated | A type of business organisation which has unlimited liability |
Co-operatives | Trading organisations where a number of independent producers work together as though they are a single larger business |
Sole Proprietor | (Sole trader) One person owns the business |
Partnership | A form of unincorporated business organisation which is owned by between 2 and 20 people |
Unlimited liability | Owners of the business are liable for its debts |
Bankruptcy | Affects individuals and unincorporated businesses when liabilities are greater than assets |
PLC Public limited company | A business owned by shareholders. Shares in business can be bought and sold (on the stock market) without restriction |
LTD Private Limited Company | A business owned by shareholders. Shares cannot be sold on the stock market |
Limited Liability | The owner of the business does not risk losing personal possessions in order to pay of debts of the business |
Insolvency | A limited liability company is said to be insolvent when liabilities are greater than assets |
Entrepreneur | A person who sees a business opportunity and who accepts the risks involved in running a business |
Merger | Two or more businesses join together to make one larger business |
Take-over | One business buys control of another |
Horizontal | Merger or takeover of another business involved in the same industry at the same stage of production |
Vertical | Merger or takeover of another business involved in the same industry at a different stage of production. The merger or takeover can be backwards or forwards |
Diversification | The process of spreading risks by reducing dependence on one particular product or service |
Conglomerate | Merger or takeover of another business which is involved in a totally different business activity. |
Footloose | A business is able to locate anywhere it chooses |
Uniform Business Rates | A type of tax paid by businesses to cover the cost of providing local services |
Grants | Payment of money for a specific purpose, which does not usually have to be paid back. Granst may be available from the EU, central government or local authorities to help businesses improve employment opportunities. |
Infrastructure | The name given to basic services needed by a business in order for it to operate effectively. For example, transport, power supplies, telephones and water supplies |
Greenfield site | Industrial or commercial development in an area that has not previously been built on |
Brownfield site | Industrial or commercial development in an area that was previously derelict or occupied by another industrial activity |
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