Across
- 6. A business sytem where entrepreneurs buy the right to use the name, logo and product of an existing business
- 7. The shareholders in a limited liability which fails only risk losing the amount they have invested in the company and not any of their personal wealth
- 8. A business that is owned and controlled by just one person who takes all of the risks and receives all of the profit
- 10. A person or organization who owns shares in a limited company
- 12. often a small to medium-sized company; owned by shareholders who have limited liability. The company cannot sell its shares to the general public
Down
- 1. A business organisation that is owned and controlled by the state
- 2. Often a large company, owned by shareholders who have limited liability. The company can sell its shares to the general public
- 3. the business organization that buys the rights to use the companies brand name, business name, production method, etc.
- 4. Two or more businesses agree to work together on a project and set up a seperate business for this purpose
- 5. A business that does not have a legal identity separate from its owners. The owners have unlimited liability for the business debts
- 9. If an unincorparated business fails, then the owners might have to use their personal wealth to finance any business debts
- 11. A business formed by two or more people who will usually share responsibility for the day-to-day running of the business. Partners usually invest capital in the business and will share profits