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ASDA's Ownership
Member rating: No Rating | Words: | Submitted: Wed Jan 26 2005
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Task 1: Business ownership ASDA's Ownership A). ASDA is a public limited company, which is also known as a PLC. An American retailing company called WAL-MART owns ASDA. Its shareholders own the company and this causes the ownership to constantly change, as the shares are constantly bought and sold. Most of the companies' shareholders are generally, old aged pensioners, banks and insurance companies. Before a PLC can be launched, they must have £50,000 or more and it must have a good financial record and, there must be enough people interested in buying shares in order to have a successful floatation. Floatation is when a company is on the Stock Exchange and is then launched to the public. WINES PLUS' Ownership Wines Plus is a partnership and is run by its owners. A partnership can be of a maximum of 2-20 people. The partners of the business share the responsibilities and risks of the business. Usually, if...
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