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Business Unit 2 > Types Of Businesses > Flashcards

Flashcards in Types Of Businesses Deck (7)
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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