Business legal structure
Having to pay for everything needed, difficulty obtaining capital, lack of business skills, and unlimited liability are considered
Disadvantages of a sole trader
What is money needed to start a business?
Capital
What are some of the main components of market segmentation?
Demographic, geographic, psychographic, behavioural
A business owned by two or more people
Partnership
A virtual location from which your business conducts its activities.
e-business
Define Target Market
a particular group of consumers at which a product or service is aimed.
What are the sources of finance for a limited liability company?
Shares, loans and debentures
A contract that defines the responsibilities, liability, and portion of the company owned by each partner
Partnership Agreement
What is demographic segmentation?
Dividing the market by age, gender, education, income, occupation, religion, or ethnicity.
This is a business organization in which businesses uses the original company’s name to sell goods and services.
franchises
Explain the term Dividends
The amount given to shareholders as their share of the profits of a company
What are psychographics?
Finding the customers likes and interests
This is a business organization that is owned collectively by their members.
Cooperatives
This is the division of the total market into smaller, relatively homogeneous groups.
segmentation
This generation was born between 1968 and 1979 and are in their early 30's and 40's.
generation X