Definition
Define a franchise.
A franchise is an agreement between the (franchiser) and the franchisee in which permission is granted to conduct business in a prescribed manner set by the franchiser.
More capital can be obtained than as a sole
What is --- Partnership, cooperatives, private limited company, public limited company, franchise, mergers/acquisitions/takeovers.
The ordinary partners manage the partnerships.
What is ---- Partnership
Minimum two and the maximum twenty members.
Partnership
Which document contains the company's name?
What is ---- Memorandum of association
Define a merger.
What is ---- two or more companies combine to form a new entity.
Members have a common bond.
What is --- cooperatives.
The owners manage this type of business or may appoint specialized personnel.
What is ---- private limited company.
Capital is limited since the savings of the owner fund the business.
What is ----- Sole trader/proprietorship
Which document contains the address of the company's registered office?
What is ---- Memorandum of Association
Define a company.
What is ---- a business entity that has been incorporated, that is, the company has a separate legal entity from that of the owner(s0.
Transfer of skills from the foreign counterparts to the locals.
What is ---- multinational corporations.
Shareholders elect the Board of Directors.
What is ---- public limited company
Which document covers the procedures for calling an Annual General Meeting.
What is ---- Articles of Association
Define a public limited company.
What is - an incorporated company which offers shares to the public.
This is an invitation to the public to buy shares in a public company.
What is ---- prospectus.