Fichas
Organisation. growth and location of business OCR key terms
Fichas del conjunto (24)
- 1IncorporatedA form of business organisation which is a separate legal entity. It has limited liability and it owned by shareholders
- 2UnincoporatedA type of business organisation which has unlimited liability
- 3Co-operativesTrading organisations where a number of independent producers work together as though they are a single larger business
- 4Sole Proprietor(Sole trader) One person owns the business
- 5PartnershipA form of unincorporated business organisation which is owned by between 2 and 20 people
- 6Unlimited liabilityOwners of the business are liable for its debts
- 7BankruptcyAffects individuals and unincorporated businesses when liabilities are greater than assets
- 8PLC Public limited companyA business owned by shareholders. Shares in business can be bought and sold (on the stock market) without restriction
- 9LTD Private Limited CompanyA business owned by shareholders. Shares cannot be sold on the stock market
- 10Limited LiabilityThe owner of the business does not risk losing personal possessions in order to pay of debts of the business
- 11InsolvencyA limited liability company is said to be insolvent when liabilities are greater than assets
- 12EntrepreneurA person who sees a business opportunity and who accepts the risks involved in running a business
- 13MergerTwo or more businesses join together to make one larger business
- 14Take-overOne business buys control of another
- 15HorizontalMerger or takeover of another business involved in the same industry at the same stage of production
- 16VerticalMerger 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
- 17DiversificationThe process of spreading risks by reducing dependence on one particular product or service
- 18ConglomerateMerger or takeover of another business which is involved in a totally different business activity.
- 19FootlooseA business is able to locate anywhere it chooses
- 20Uniform Business RatesA type of tax paid by businesses to cover the cost of providing local services
- 21GrantsPayment 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.
- 22InfrastructureThe 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
- 23Greenfield siteIndustrial or commercial development in an area that has not previously been built on
- 24Brownfield siteIndustrial or commercial development in an area that was previously derelict or occupied by another industrial activity
Información
- Descripción
- Key terms with definitions
- Creado por
- dannistar26 · feb 2014
- Actualizado
- 6 abr 2016
- Visitas
- 34
- Etiquetas
- Valoración