Words that you will need in order to understand Unit 1 of Business & Enterprise V-Cert
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Public |
The company was not owned privately, anyone could buy shares, it is a public limited company.
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Limited |
If the company gets into problems they only have to pay a certain amount of the debt, in this way the debt is limited.
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liability |
Because the company was limited, it protected the owners and meant their liability(how much debt there would be) was limited.
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Ownership |
Companies are owned in different ways - they have different types of ownership.
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Franchise |
A paid the owner of the company some money so that I could trade in that name. This is a franchise.
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Partnership |
Where two people have equal ownership. This is a partnership.
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owner |
The person who pays the bill and is liable for the debt is the owner of the business.
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Convenience |
Certain shops sell you things at a higher price but in a place that are easier to buy, they are convenient.
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International |
A company that trades in more than one country is called an international company.
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Local |
A place that is close to where I live is Local.
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share |
A share is a portion of a company that you can buy on the Stock Exchange or privately.
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assets |
The things that are owned by a company (such as the vans or the kitchen equipment) are the assets.
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tax |
The portion of money that we pay to the Government.
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shareholders |
The people that own a portion of a company are called the shareholders.
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trade |
Trade is buying and selling.
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Risk |
Risk is what I might lose if things go wrong.
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Reward |
Reward is what I might gain if things go right. This is not just money.
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Branding |
Branding is what I do to make my company special, and stand out from the others.
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* This sentence was added by a Spellzone user.
Learn this spelling list using the 'Look, Say, Cover, Write, Check' activity.
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Spelling games using the word list: Unit 1 Business & Enterprise
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Spring into spelling!
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Crack the eggs!
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The classic English word game.
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Spelling 'against the clock'.
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Try the temple spelling puzzle.
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It's bananas!
Test yourself using the 'Listen and Spell' spelling test.
Print worksheets and activities: Unit 1 Business & Enterprise
Handwriting worksheets: Unit 1 Business & Enterprise
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