(6) Company Law 2
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5 terms
Terms | Definitions |
|---|---|
 Private Companies | usually have 'Limited' or 'Ltd' at the end of their name, are not allowed to sell their stocks or shares on an open markets |
| Public Limited Companies (PLCs) | companies have 'plc' at the end of their name and their shares are publicly traded on the London Stock Exchange |
| turnover or sales revenue | the money received by the company in that period rom selling goods or services |
| gross profit | turnover/revenue less cost of sales |
| net profit | gross profit less administrative expenses and tax |
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