around the world. Describe the 3 different sectors in businesses • Private – a private company is something that is owned by a private individual. Their main aim is to make a huge profit so they can spend all the money on their selves. The owners have a full decision of who they want to work for them. Most private business usually wants to grow their business to gain a whole lot of profit. For example McDonalds owner is 100% private so all the profit that he makes goes straight to him. Some business
Sources of finance What are the main sources and finance for UK firms and why? All firms need some kind of financing. Access to finance may differ considerably from firm to firm depending on what type of business they are and how big/known they are; Sole Trader, Public Limited or Private Limited Company. There are both INTERNAL and EXTERNAL sources of finance. Finance can be short, medium or long term. Internal sources of Finance: 2 main types 1) Funds from the owner(s) and the family
own personal money. This is a risk the sole trader is taking and it’s called unlimited liability. There are a number of advantages of being a sole trader: • Sole traders have full control of their business • Sole traders retain all the profits of their business. • You are your own boss • You can choose the hours you work and what you want to do There are also a few disadvantages of being a sole trader: • Sole trader could lose everything if the business can’t pay the bills. • You might get no holidays
Traders, Private Limited Companies (Ltd), Public Limited Companies (Plc), Partnerships, Non-Profit Businesses, Franchises, Co-operatives. In this instant, I will be exploring a Public Limited Company. Tesco. A public limited company can cause many advantages and disadvantages for a business. An advantage of being a PLC is that it will give the company more of a prestigious profile. This could be easier to gain access to better suppliers or opportunities for the business. Another advantage of being
Introduction A business also called a company, enterprise or firm is a legally recognized organization, designed to provide goods and services to consumers. According to the purpose of the business, ownership of the business and nature of economic contribution of the business; the business can fall into one of the three standard sectors. There are; private sector, public sector and nonprofit sector. The part of the economy concerned with providing basic government services is called public
sectors: Public; Private; and Voluntary. Public Sector The Public Sector consists of organisations that are owned and ran by the national and local governments for the public; not to make profit. The public sector is responsible for providing public services such as healthcare, education, recreational and sports facilities refuse collection, electricity, and Police and Fire services etc. The public sector is funded through taxation, lottery funding, fines and penalties etc. The advantage of the public
production and allocation of resources. The economy is made up of three sectors; the private sector, public sector and voluntary sector. The private sector is made up of private enterprises including the personal sector or the households and the corporate sector or private companies. The private sector is not state controlled and is run by companies or individuals for profit. Examples of UK-based private companies include Ineos, Greenergy, European metal recycling, and Arcadia Group. The public sector
will be evaluating the advantages and disadvantages of s partnership and private limited company. How majority shareholders protect their interests on the board of directors. Clarifying the rights and duties of a company director and how one is appointed to being a manager director. In addition the rights and duties of company auditor as well as their liabilities as an auditor. Firstly, even though there are different types of partnership such as general, limited and limited liability partnership
business can adopt. The key distinction is that some businesses provide limited liability for any debts the business incurs. Others have unlimited liability - which obviously doesn't [IMAGE]Unincorporated Incorporated Up Arrow Callout: Sole-trader Up Arrow Callout: Partnership Up Arrow Callout: Private Limited Company (ltd) Up Arrow Callout: Public Limited Company (plc) What is a Sole-trader? (Builder/local shops/hairdresser) Sole-traders are
Analysis of the Coca-Cola Company The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Coca-Cola Company is the world's leading manufacturer, marketer and distributor of soft-drink concentrates and syrups. The Company markets many of the world's top soft drink brands, including Coca-Cola, Diet Coke, Sprite and Fanta. Through the world's largest and most pervasive distribution system, consumers in nearly 200 countries