Sherpa

Existing user?

Business

GCSE · AQA

QuestionsFlashcards

The Purpose & Nature of Businesses
Business Ownership
Setting Business Aims & Objectives
Stakeholders
Business Location
Business Planning
Expanding a Business
- Business Expansion
  11
- Economies & Diseconomies of Scale
  12

Technology
Ethical & Environmental Considerations
The Economic Climate
Globalisation
- How UK Businesses Compete Internationally
  7
- Exchange Rates
  5
Legislation
Competitive Environment
- Operating in Competitive Markets
  6
- Risks & Uncertainty
  9

Production Processes
- Producing Goods & Services
  5
- Efficiency in Production
  6
The Role of Procurement
The Concept of Quality
Good Customer Service
- Customer Service in Business
  6
- ICT & Customer Service
  6

Organisational Structures
- Key Principles of Organisational Structures
  11
- Management & Communication in Different Structures
  9
Recruitment & Selection of Employees
Motivating Employees
Training
- The Importance of Training
  6
- Methods of Training
  8

The Exam Papers
- Paper 1: Influences of Operations & HRM on Business Activity
  7
- Paper 2: Influences of Marketing & Finance on Business Activity
  5
Business Exam Skills
Structuring Your Responses

Private & Public Ltd Companies Flashcards

All 5 cards in this deck

What is a private limited company (ltd)?: A company owned by shareholders whose shares cannot be advertised or sold to the general public.
What is a public limited company (plc)?: A company owned by shareholders that can issue shares to the general public, usually on the stock exchange, and has 'plc' after its name.
How are profits distributed to the shareholders of a limited company?: As dividends, a share of profit paid to shareholders.
Give two benefits of operating as a private limited company (ltd).: Shareholders have limited liability, and capital can be raised by selling shares to family, friends and invited investors.
Give two drawbacks of operating as a public limited company (plc).: Profits must be shared with many shareholders as dividends, and the original owners can lose control as anyone can buy shares.