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types of business - Coggle Diagram
types of business
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Public limeted company
is a busniess whose shares can be traded on the stock exchange and bought and sold by memebers of the general public
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public limetd companies rais alot of money by selling shares however they have no controll over who buys the shares
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Pivate limeted company
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LImeted laiality; the shareholders are not personaly responsible for the busniess debts and can only loss the amout they invested into the compamy
CO-OPERTIVE
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producer co-operative: the members are people who produce the raw materailthat will become the product sold by the busniess eg farmers -> irish food co-op
Consumer Co-opertive: the memers are the peope who want to buy or acces the products or services, buys goods in bulk so that consumers can buy them at copedtive prices
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FRANCHISE:
a licenced agreemet that allows a person ( a franchise) ti sell an existing busniessngoods or services in a pirticular location in a return for a % of the profits.
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setting up a franchise is less risky than stating a new company as the busnies is allready well known and provwn to work
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