Attributes of Different Types of Business Flashcards Preview

A-Level Business - AQA 2019 > Attributes of Different Types of Business > Flashcards

Flashcards in Attributes of Different Types of Business Deck (7)
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1
Q

Attributes of a small business

A
Lower Revenue and Profitability
Few Employees
Small Market Area
Fewer Locations
low recognition
low customer loyalty
2
Q

Attributes of a large business

A
higher Revenue and Profitability
more Employees
large Market Area
more Locations
brand recognition
higher customer loyalty
3
Q

Attributes of a fast growing business

A
higher (increasing) costs
higher (increasing) profit
might be entering new markets ( going international)
growing brand recognition
looking to expand
more appealing to investors
4
Q

Attributes of a sole trader

A

unlimited liability
one person making decisions
limited source of finance

5
Q

Attributes of a partnership

A

unlimited liability
two people making decisions
limited source of finance

6
Q

Attributes of a private limited company

A

shares cant be bought by the public without permission from the director (not on stock market)

maintain close control off all aspects of the business

keep all profit

quick expansion

7
Q

Attributes of a public limited company

A

shares bought on the stock market (share capital)

must publish financial accounts

have to pay dividends