Unit 22 - Question 1

A strategy for a private business to enter a new market. For example GymShark looking into entering the sport shoe market

• Survival

• Market Leadership

• Growth

• Diversification

When a business wants to build in size. Make more money, employ more staff, have more consumers

• Break Even

• Growth

• Market Leadership

• Diversification

Which of these is NOT classed as a scope of business

• Local

• Multi National

• National

• Regional

If the company gets into debt but the shareholders are only responsible for the amount of debt relative to their investment

• Liability

• Unlimited Liability

• Limited Liability

• Partial Liability

Where a person has no limit to the amount of debt they get into individually. Usually happens to sole traders

• Limited Liability

• Full Liability

• Unlimited Liability

• Total Liability

Someone who invests money in a business and also has a direct involvement of the running of the company

• Stakeholder

• Shareholder

• CEO

• Employee

Someone who has invested in the business but doesn't have a say in how it runs

• Chief Executive

• CEO

• Stakeholder

• Shareholder

A business owned and ran by it's members

• Co-operatives

• Partnership

• Sole Trader

• Public Limited Companies

Which has shares on the Stockmarket?

• Private Limited Companies

• Public Limited Companies

Which do shareholders have limited liability?

• Private Limited Companies

• Public Limited Companies