BEE NCE

What is a company?

Company is an incorporated business organization which its owned by its shareholders.

Name 5 types of business organizations

Sole Trading, Partnership, Company, Cooperative and Franchise.

What is companies Act

The companies act is a legal document thst outlines the laws and regulations to set up a company.

What is share?

A share is a voucher that represents a unit of capital.

What is a shareholder?

Shareholder is the one who invest in a company by buying its shares.

What is a share certificate?

A share certificate is an official document stating the number of shares that the shareholder have in the company.

What is a dividend?

Dividend is the part of company's profits that is distributed to shareholders.

What are board of directors?

Board of directors are those who have been elected by shareholders to manage the company.

What is limited liability?

Limited liability means that shareholders will lose only the amount invested in case the company goes bankrupt.

What is registrar of companies?

Registrar of companies is the authority that registers companies and issues the certificate of incorporation to allow the business to start its operation.

What are features of a company?

Registration, Ownership, Control, Risk and profits.

What are advantages and disadvantages of a company

Advantages; Limited liability and capital. Disadvantages: registration and disclosure.

What is an entrepreneur?

An entrepreneur is an individual who sets up an enterprise by taking risks and who aims at making profits.

What are stakeholder?

Stakeholders are people, groups or organizations that take interest in activities and decisions taken by a business.

What ia a business plan?

A business plan is a document that contains a detailed plan to develop and set up a business.

What is communication?

Communication is the exchange and flow of information, feelings and ideas from one person to another.

What is conflict?

Conflict is a situation in which there is a disagreement or disapproval with another person or within a group.

What is e-marketing?

E-Marketing refers to the process of marketing a product using the internet.

Name 3 methods of e-marketing

1. Web marketing. 2. Email marketing. 3. Social media marketing.

What is effective communication?

Effective communication is a two way process between the sender and the receiver where feedback is provided.

What is the importance of effective communication?

Effective communication leads to quicker decisions made by the entrepreneur.