By G. Gorman (auth.)
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Extra info for Business Studies GCSE
Private limited companies cannot advertise shares for sale, but are allowed to admit new shareholders often banks and finance companies. A private company can also 'go public' by becoming a public limited company. Public limited companies can issue two main types of shares, preference shares and ordinary shares. (i) Preference shares Preference shares earn a dividend before other types of shares. They carry a fixed dividend rate; for example the holder of £100 worth of 9 per cent preference stock would receive £9 per year.
C) Arguments against Privatisation The arguments against privatisation are: 1. g. the privatisation of British Telecom and British Gas has converted public sector monopolies into private sector monopolies. Contracting-out of public services has also led to complaints about the standard of work of private contractors in hospitals and Government offices. 2. Consumers have not always benefited, especially where competition has not been increased. 3. Privatisation costs the Government money. In some cases public corporations have been sold at less than their real value, and the profits from industries such as gas and telecommunications will be lost to future Governments.
6 What Britain gets out of the Community Britain and the European Community in 1989 Coursework Assignment What are the differences between domestic and foreign markets? Choose a particular product or type of firm and investigate how selling abroad is different from selling in Britain. Issues which might be investigated include: 25 • Differences in tastes between countries. g. many food additives are legal in Britain but not in some other countries. g. green is associated with medicine in some countries.