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A product is standardized if:
Which product is standardized?
If there are many firms in a market, then it is likely that:
Revenue is:
Limited liability is the main advantage of a public company.
Charities are organizations based on volunteers.
The shares can be bought and sold by the public in a plc.
In a plc, the chief executive is responsible for carrying out company policy and the day-to-day management of the firm.
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Task. Choose either a private limited company (Ltd) or a public limited company (plc) to present. Prepare your presentation based on the following criteria:
A limited company is cheaper to set up than a sole proprietor business.