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