Business Studies Collins Revision Guide. - StudyGuide.PK

More documents

Recommendations

Info

OWNERSHIP AND CONTROL (3)Limited companies●●●●●●●There are two types of limited companies:■ Private limited companies (Ltd)■ Public limited companies (Plc).The most important difference between private and public limitedcompanies is that shares in private limited companies cannot besold to the general public.Limited companies get their capital by issuing shares. For each sharebought there is an equal amount of ownership, an equal amount ofsay in the running of the business and an equal share in any profits.Limited companies have limited liability. This means that if thebusiness has debts, the owners are only responsible for the amountof capital that they put into the business (the amount of moneythat they paid for the shares that they bought).The business has legal entity which means that it exists in its ownright. There is a lot of legal documentation required by businessesbefore they can be set up. This includes registering the businesswith the Registrar of Companies and drawing up a Memorandum ofAssociation. A Memorandum of Association must include the typeof limited company, name, address, purpose of the company andamount of capital to be raised.A public limited company is able to sell shares on the stockexchange. This means it has access to much more capital.The person originally setting up the limited company can losecontrol of the business because there is a divorce of ownershipand control. The owners appoint directors who appoint managersall of whom may have different aims for the business.3
Check yourselfOwnership and control1 What does unlimited liability mean? (3)2 What is another name for a sole trader? (1)3 Which types of business have a lack of continuity? (2)4 What is meant by economies of scale? (2)5 Which of the three types of business:■ sole trader■ partnership■ limited companyis most likely to suffer from lack of specialisation and divisionof labour? (1)6 Explain what is usually included in a deed of partnership. (4)7 What are the two types of limited company? (2)8 In a limited company who gets a share of the profit? (1)9 In a sole trader business who makes all the decisions? (1)10 In which type of business do the owners have limited liability? (1)11 What is meant by legal entity? (1)12 Which type of business has legal entity? (1)1The answers are on page 102. The answers are on page 00.4
Page 2 and 3: GCSEBusiness StudiesCarolyn LawderS
Page 4 and 5: Get the most out of yourInstant Rev
Page 6 and 7: OWNERSHIP AND CONTROL (1)Sole trade
Page 10 and 11: FORMS OF BUSINESS (1)Franchises●
Page 12 and 13: FORMS OF BUSINESS (3)ForEncourages
Page 14 and 15: ●OBJECTIVES AND GROWTH (1)Stakeho
Page 16 and 17: OBJECTIVES AND GROWTH (3)Growth●
Page 18 and 19: ●●●●RECRUITMENT AND SELECTI
Page 20 and 21: Check yourselfRecruitment and selec
Page 22 and 23: TRAINING (2)ContentInformation abou
Page 24 and 25: Check yourselfTraining1 Why is Heal
Page 26 and 27: ●●●MOTIVATION (2)The third le
Page 28 and 29: Check yourselfMotivation1 What are
Page 30 and 31: ●REWARDING EMPLOYEES (2)Disadvant
Page 32 and 33: Check yourselfRewarding employees1
Page 34 and 35: ●●●SOURCES OF FINANCE (2)A so
Page 36 and 37: SOURCES OF FINANCE (4)Long term●
Page 38 and 39: BUSINESS PLANS (1)What is a busines
Page 40 and 41: Check yourselfBusiness plans1 What
Page 42 and 43: ●●●●●●●●BREAK EVEN
Page 44 and 45: BREAK EVEN (4)●●Break even can
Page 46 and 47: ●●CASH FLOW FORECASTS (1)Cash f
Page 48 and 49: CASH FLOW FORECASTS (3)+60004000Net
Page 50 and 51: ●●●●●BUSINESS FINANCE (1)
Page 52 and 53: ●●BUSINESS FINANCE (3)Net profi
Page 54 and 55: BUSINESS FINANCE (5)Balance sheet
Page 56 and 57: Check yourselfBusiness finance1 Who
Page 58 and 59:
MARKET RESEARCH (2)Desk research●
Page 60 and 61:
MARKET RESEARCH (4)Sampling●●
Page 62 and 63:
●●MARKETING MIX (1)The marketin
Page 64 and 65:
●●●●●MARKETING MIX (3)Com
Page 66 and 67:
MARKETING MIX (5)Advertising media
Page 68 and 69:
MARKETING MIX (7)Place●●In the
Page 70 and 71:
Check yourselfMarketing mix1 Explai
Page 72 and 73:
●●●PRODUCT LIFE CYCLE (2)Not
Page 74 and 75:
●PRODUCTION METHODS (1)Production
Page 76 and 77:
PRODUCTION METHODS (3)Batch product
Page 78 and 79:
PRODUCTION METHODS (5)Stock control
Page 80 and 81:
PRODUCTION METHODS (7)Use of techno
Page 82 and 83:
●●●●●QUALITY CONTROL (1)Q
Page 84 and 85:
●●●●●QUALITY CONTROL (3)K
Page 86 and 87:
LOCATION (1)Factors affecting the c
Page 88 and 89:
LOCATION (3)Multinational organisat
Page 90 and 91:
EXTERNAL ENVIRONMENT (1)●A busine
Page 92 and 93:
EXTERNAL ENVIRONMENT (3)Equal oppor
Page 94 and 95:
EXTERNAL ENVIRONMENT (5)Political i
Page 96 and 97:
Check yourselfExternal environment1
Page 98 and 99:
EXAMINATION TECHNIQUE (2)Coursework
Page 100 and 101:
EXAMINATION TECHNIQUE (4)Command wo
Page 102 and 103:
EXAMINATION TECHNIQUE (6)Pre-issued
Page 104 and 105:
●●●●●EXAMINATION TECHNIQU
Page 106 and 107:
Non pre-issued case studies●●
Page 108 and 109:
Check yourself answers2 FORMS OF BU
Page 110 and 111:
Check yourself answers4 RECRUITMENT
Page 112 and 113:
Check yourself answers6 MOTIVATION
Page 114 and 115:
Check yourself answers8 SOURCES OF
Page 116 and 117:
Check yourself answers10 BREAK EVEN
Page 118 and 119:
Check yourself answers12 1 ANSWER B
Page 120 and 121:
Check yourself answers14 MARKETING
Page 122 and 123:
Check yourself answers16 PRODUCTION
Page 124 and 125:
Check yourself answers18 LOCATION (
Page 126 and 127:
PerfectBoundAn e-book from HarperCo
Page 128:
About the PublisherAustraliaHarperC
show all

Business Studies Collins Revision Guide. - StudyGuide.PK

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?