business foundations

to make a profit, to increase market share, to improve efficiency, to improve effectiveness, to fulfil a market need, to fulfil a social need and to meet shareholder expectations are examples of

• business objectives

• mission statement

• vision statement

a business owned and operated by one person

• sole trader

• partnership

• private limited company

• public listed company

• social enterprise

a business owned and operated by a between a minimum of two people and a maximum of 20 people

• sole trader

• partnership

• private limited company

• public listed company

• social enterprise

an incorporated business that has a minimum of one shareholder and a maximum of 50 non-employee shareholders, whose shares are offered only to those people whom the business wishes to have as part owners.

• sole trader

• partnership

• private limited company

• public listed company

• social enterprise

an incorporated business with a minimum of one shareholder and whose shares are openly traded on the Australian Securities Exchange.

• sole trader

• government business enterprise

• private limited company

• public listed company

• social enterprise

a business that produces goods and services for the market, but operates with the primary objective of fulfilling a social need.

• sole trader

• government business enterprise

• private limited company

• public listed company

• social enterprise

a type of business that is government owned and operated.

• sole trader

• government business enterprise

• private limited company

• public listed company

• social enterprise

incorporation

• a type of business that is government owned and operated.

• the process that businesses go through to become a registered company and a separate legal entity from the owner/shareholder

• when the shareholders in a company will not be personally responsible for the debts of the business

• when the business owner is personally responsible for all the debts of their business

unlimited liability

• a type of business that is government owned and operated.

• the process that businesses go through to become a registered company and a separate legal entity from the owner/shareholder

• when the shareholders in a company will not be personally responsible for the debts of the business

• when the business owner is personally responsible for all the debts of their business

limited liability

• a type of business that is government owned and operated.

• the process that businesses go through to become a registered company and a separate legal entity from the owner/shareholder

• when the shareholders in a company will not be personally responsible for the debts of the business

• when the business owner is personally responsible for all the debts of their business