Please enable JavaScript.
Coggle requires JavaScript to display documents.
Retail Business (Forms (Multi Chanel (Catalogue, Online, Store), Temporary…
Retail Business
Forms
Shops
Physical
Online
Internet, web
Multi Chanel
Catalogue
Online
Store
Hybrid
A mix of 2 businesses to form one
Concessions
Pays another business, sell products on premises
Temporary
Pop Up
Christmas
Markets
Franchise
Buys the right to sell the goods of another business
Ownership
Soletrader
1 person
Easy to set up
Make all the decisions
Hard to raise capital
Lack of skill
Unlimited liability
Long Hours
Partnership
2-20
Chaep and easy to set up
More capital than a soletrader
Work load is shared
More ideas and skills
Profits are shared
Unlimited liability
Private Limited Company
Shares are sold privately
Limited liability
Loss of control
Pay Share holders dividends
Additional capital from shares
Cheap to set up compared to a PLC
No hostile takeover
Publish accounts
Difficult to find new shareholders
Public Limited Company
Shares sold to the general public
Limited liability
Easier to raise finance
Economies of scale
Expensive to set up
Hostile take over
Loss of control
Decision making long time
Objectives
Business
Expand
Expand
Diversify
Recruit
Social
Reduce, Reuse, Recycle
Fair Trade
Ethical
Financial
Profit
Increase sales
Survive
Reduce costs
Retail Specific
Click and collect
Train staff
Change suppliers