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BUSINESS - Coggle Diagram

- - - - Self-employed - own, run, and responsible for all
    - - Agreement between two or more people
      - Two main types:
        
        Unlimited/ordinary partnership:
        
        All partners involved and liable for losses
        
        Limited partnership:
        
        One partner liable for losses
    - - Legal entity separate from shareholders
      - Types of limited companies:
        
        Private limited company (Ltd/S.r.l.):
        
        Cannot be quoted on the stock exchange
        
        Public limited company (Plc/S.p.a.):
        
        Can be quoted on the stock exchange
    - - Owned and controlled by the people who run it
        Operate in child care services/associations
    - - Arrangement between franchisor and franchisee bound by the franchise
  - - - Aim to make profits
    - - Non-Profit Social Organizations (Profit is not the main aim)
      - Examples: Non-governmental organization (NGO), Charity
    - - Aim to raise money for a specific cause, often supporting the poor
    - - the state is the owner
  - - - Employ 10 or fewer people
    - - Employ between 11 and 50 employees
    - - Employ between 51 and 250 workers
    - - Employ over 250 employees
  - - - extraction of raw materials
    - - Involves manufacturing, processing, and construction of products
    - - services
    - - Involves intellectual and knowledge-based activities
  - - - consumer > government
    - - goverment > consumer
    - - consumer + goverment