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2017 Business Management Unit 3&4 (Nature of a business/management…
2017 Business Management Unit 3&4
Nature of a business/management
Business type
Sole trader: has one person who owns and runs the business.
unlimited liability
Partnership:is a business owned by two or more people require a maximum of 20 partners.
unlimited liability
Public listed company
Private limited company
Social enterprise
Government business enterprises
Business objectives
KPIs
Common objectives
Definition
Business relative stakeholders
Internal environment
External environment
Relation
Corporate social respinsibility
Human resource mangement
Operation management
Business Change
Key words
Incorporation: changing the ownership structure of a company.It also brings to the shareholders the benefits of limited liability