SADDLE: LO1 TYPES AND ROLES OF SADDLERY BUSINESS ORGS

WHAT ARE THE THREE MAIN TYPES OF OWNERSHIP?

• SOLE TRADER

• CHARITY

• PARTNERSHIP

• PRIVATE LIMITED COMPANY

WHO OWNES LIMITED LIABILITY COMPANIES?

• THE OWNER

• SHAREHOLDERS

• PARTNERS

• A CO-OPERATIVE

LTD

• PUBLIC LIMITED COMPANY

• PRIVATE LIMITED COMPANY

MCDONALDS IS AN EXAMPLE OF...

• PRIVATE LIMITED COMPANY

• CHARITY

• CO-OPERATIVE

• FRANCHISE

MINIMUM SHARE CAPITAL FOR A PUBLIC LIMITED COMPANY

• £100,000

• £40,000

• £50,000

• £80,000

AN EXCELLENT RESEARCH TOOL BUSINESSES CAN USE TO STUDY COMPETITORS?

• OBSERVATION

• SURVEY

• COLD CALLING

THREE STEPS TO EVALUATING AND ANALYSING COMPETITORS AND THEIR ACTIVITIES

• IDENTIDY AND LIST THE LEADING COMPETITORS

• SUMMARISE THEIR KEY POINTS

• OBSERVING THEIR EMPLOYEES

• IDNETIFY THEIR STRENGTHS AND WEAKNESSES FROM A CUSTOMERS POINT OF VIEW

WHAT IS THE MAIN ADVANTAGE OF A FRANCHISE?

• LOWER RISK

• HIGHER PROFITS

• FULL CONTROL

• NO FEES

WHICH OF THE FOLLOWING IS A CHARACTERISTIC OF A PUBLIC LIMITED COMPANY?

• SHARES TRADED PRIVATELY

• SHARES TRADED PUBLICLY

• OWNED BY A SINGLE INDIVIDUAL

• NO SHAREHOLDERS

WHAT IS A COMMON METHOD FOR BUSINESSES TO GATHER CUSTOMER FEEDBACK?

• FOCUS GROUPS

• ADVERTISING

• HIRING MORE STAFF

• INCREASING PRICES