Unit 1 Summary

• Praktische economie
• MBO
• Studiejaar 1

Unit 1 Summary

What about it and what do you know?

Business Environment

This Unit is about the business environment. 

What do you think this includes?

Unit 1 is about:

Unit 1 is about:

-Ownership of businesess

-Type of business

-Liabilities

-Contracts

Ownership

4 types of ownership:

Sole trader

Partnership

Public Limited Company

Private limited company

What is the most common type of ownership?

1. Sole Trader
2. Private Limited Company
3. Partnership
4. Public Limited Company

Types of Businesess 

Private or Public company.

Private company is owned by individuals.

Public company is owned by the government.

Name examples of
private companies

Liabilities

Private Limited Companies have limited liability. This means that investors can only lose the money they have invested.

Sole traders can also loose their household.

Partnerships have to split all their earnings.

What is the benefit of a PLC.

1. Large amounts of money can be raised.
2. They are very rich
3. They have large headquarters.
4. Less risks for investors.

Contracts

To run a business, you also need to set up contracts.

Contracts are made with;

Suppliers

Employees

Companies

Why are contracts important?

End of the Summary!

Thanks for participating!