Week 2

ALDI, Sainsbury’s, Walmart, Asda, Tesco

Retailer

sole trader

1 owner, self-employed, fully responsible for finances, unlimited liability

2 or more owners, not fully responsible for finances, limited liability up to the amount of money invested, shares are not traded at the stock exchange

2 or more owners, limited liability up to the amount of money invested, shares are traded at stock exchange

liable

liability

stock exchange

share

shareholder

entity

debts

account

accounts

to go public = to have a flotation = to have an initial public offering