Introducing
Prezi AI.
Your new presentation assistant.
Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.
Trending searches
Loading…
BTEC Definitions
Transcript
Public Limited
Companies (PLC)
This is the largest type of private business. They have 'plc' at the end of their name. There shares are traded on the stock exchange for people to buy.
A good thing about a PLC is that it is easy to raise finance.
A bad thing about a PLC is that they run the risk of being taken over by another business. E.g. Cadbury taken over Kraft
There are lots of examples of PLC's, Tesco, Microsoft, Barclays, Facebook etc.
Sole Trader
It is owned by just one person, even though there may be other people working in the business.
A good thing about being a sole trader is they make all the decisions and take all of the profits.
A bad thing about being a sole trader is unlimited liability. If they owe money to a supplier they could loose their house or car.
An example might be a builders, decorators, florists or a corner shop.
Partnerships
How do I write a definition for
BTEC?
Owned and run by 2 or more people. The partners are jointly responsible for running the business.
A good thing about a partnership is that it is easier to raise money as you can just invite a new partner to invest.
A bad thing about a partnership is that you have to share the profits with all your partners.
Examples include, estate agents, accountants, lawyers etc.
L/O: To be able to write a definition to pass
standard.
Private Limited Company
Each owner has a share of the business and is called a 'shareholder'. It will have the term Ltd. after its name.
A good thing about a private limited company is that the shareholders will all receive a payment known as a dividend.
A bad thing about a private limited company is that it is costly to set up.
An example is Eddie Stobart Ltd. Or any business with LTD. after its name!
Choose a template
Presentations from around the world
Learn more about creating dynamic, engaging presentations with Prezi