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Size/Geo. Spread

Size, geographical spread and legal structure of a business

QuestionAnswer
How is the size of a business found Size, geographical spread, industry, legal structure
Small businesses Employees - <20 Legal structure - Sole trader(1) or partnership (2-20) Source of finance - Owners Market share - Small -> local area only
Medium businesses Employees - 20-199 Legal structure - Partnership or private company -> Decisions made by more than one person Source of finance - Loans and private shareholders Market share - Medium
Large businesses Employees - >200 Legal structure - Public company -> Directors make decisions Source of finance - Loans, profits or shares Market share - Large -> National or international
Geographical spread Local, national/domestic or global
Created by: MrMemer
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