Size
Industry
Legal Structure
Geographical Spread
Key terms
100

A business with fewer than five employees

Micro Business

100

Includes those businesses involved in the collection of natural resources

Primary

100

A business that is owned and operated by only one person

Sole Trader

100

A business that has a restricted geographical spread; it serves the surrounding area

Local Business

100

The process of transferring the ownership of a government business to the private sector

Privatisation

200

A business with 5–19 employees

Small Business

200

Includes businesses that take a raw material and make it into a finished or semi-finished product

Secondary

200

A legal business structure that is owned and operated by between 2 and 20 people with the aim of making a profit

Partnership

200

A business that operates within just one country

National Business

200

Government-owned and operated businesses

Government Enterprises

300

A business with 20–199 employees

Medium Business

300

Involves people performing a vast range of services for other people

Tertiary

300

An incorporated business and usually has between 2 and 50 private shareholders

Propriety (Private) Business

300

A document giving details of a company and inviting the public to buy shares in it

Prospectus

400

A business with 200 or more employees

Large Business

400

Includes services that have traditionally been performed in the home

Quinary

400

A corporation that has sold all or a portion of its ownership shares to the general public

Public

400

The raising of capital in a company through the sale of shares to the public

Float

500

A business that has 21 employees

Medium Business

500

Includes services that involve the transfer and processing of information and knowledge

Quaternary

500

Money that is invested in small and sometimes struggling businesses that have the potential to become successful

Venture Capital