Unit 1 Different businesses by Jo Ward https://padlet.com/joanneward/9nhv3ze9ljhq Different types of businesses en-us 2018-09-03 08:11:41 UTC 2018-09-17 10:40:36 UTC hello@padlet.com Kian & James kiankillaki01 https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207412 Sole Trader- This is a simple form of a business. There is one owner of the business who handles the everything in the business. 

Partnership - This is also a simple form of business. ]]> 2018-09-17 10:22:26 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207412 Courtney and Hannah courtneyvbelshaw https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207490 Private business- not owned by the government
Public business- owned by the the government
Profit organisation- there aim is to make as much profit as possible 
Not-for-profit organisation- aim to make as much profit to go to a charity or to provide a service to benefit society and can aim to only break even. 
Volunteer sector- supervised by overheads
Solo trader- a business owned by a single person (advantage - all decisions made how you want them. Disadvantage- all mistakes are only down to you.)
Partnership-company owned by two people (good because more people within the business means less stress on one person but bad because is disagreement means 50/50)
Private limited companies- tend to be smaller than public businesses eg family businesses.
Public limited companies-have their shares bought and sold on stock exchange   
above the line promotion-  all advertising on social media
below the line promotion - not direct marketing]]> 2018-09-17 10:22:40 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207490 Sam and Fidel https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207889
1] 
  1. Partnership, a business that is owned by two or more people that contributes to the business. 
  2. Service, a business that sells products with no physical form. 
  3. Sole business, a business that is owned by one person. 
  4. Corporation, a business organisation that has a separate legal personality from its owners
  5. Merchandising business, this type of business buys products at wholesale price and sells the same at retail price. 


]]> 2018-09-17 10:23:49 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282207889 Danny and Harry https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208027 Service business- 


A service type of business provides products with no physical form. Service businesses offer- expertise advice and professional skills 


Merchandise business- this type of business buys products at wholesale price and sells then the same as retail price, they are known as ‘a buy and sell’ business.

partnership- a partnership business in a business owned by two or more people who contribute resources into the entity

]]> 2018-09-17 10:24:15 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208027 Tommy sweeneyt457 https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208463 2018-09-17 10:25:25 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208463 Joe & Tom https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208851 Private business -  A privately held company, private company, or close corporation is a business company owned either by non-governmental organizations or by a relatively small number of shareholders

Public business -   A public company, publicly traded company, publicly held company, publicly listed company, or public limited company is a corporation whose ownership is dispersed among the general publicin many shares of stock which are freely traded on a stock exchange or in over the counter markets

Nonprofit -  A non-profit business, also known as a not-for-profit organization, is a tax-exempt organization formed for religious, charitable, literary, artistic, scientific, or educational purposes. It is an incorporated businessfrom which its shareholders or trustees do not benefit financially.

Profit business -  Profit is a financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. Any profit that is gained goes to the business's owners, who may or may not decide to spend it on the business.

Sole prop -  The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. ]]> 2018-09-17 10:26:29 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208851 Morgan and Daniel morganmanncairns https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208886 Sole trader - As a sole trader, your business is owned entirely by you, grown by you and ultimately succeeds or fails by you. This also means you are entitled to all profit that the business makes. Becoming a sole trader is very simple and easy to do. A sole trader has unlimited liability meaning that they are personally responsible for any debt that the business accumulates. It is easy to make decisions within the company as you do not have to consult with anyone.
Partnerships - A partnership is a company owned by two people. This can be a good thing as it means that skills and resources can be shared. More money can be raised in the form of capital as there is two owners instead of one. Partnerships are usually formed by signing a deed. Partnerships usually have unlimited liability. Decisions are still able to be made quickly. 
Public Limited Company -

]]> 2018-09-17 10:26:36 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282208886 Dylan and Max u10428717 https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282210123 private business- Owned by an organisation made up of a person or multiple people.
Public business - owned by the government
Sole trader- someone who owns a business


























































]]> 2018-09-17 10:30:13 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282210123 Sam and Fidel https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282211352
  • Partnership, a business that is owned by two or more people that contributes to the business. 
  • Service, a business that sells products with no physical form. 
  • Sole business, a business that is owned by one person. 
  • Corporation, a business organisation that has a separate legal personality from its owners
  • Merchandising business, this type of business buys products at wholesale price and sells the same at retail price. 



    • ]]>     2018-09-17 10:34:02 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282211352     joanneward https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282211813 2018-09-17 10:35:11 UTC https://padlet.com/joanneward/9nhv3ze9ljhq/wish/282211813