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Definition of a Public Limited Company | Report

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Added on  2020-01-28

Definition of a Public Limited Company | Report

   Added on 2020-01-28

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Definition of a Public Limited Company | Report_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1TASK 2............................................................................................................................................2TASK 3............................................................................................................................................3TASK 4............................................................................................................................................4CONCLUSION:...............................................................................................................................5REFERENCES................................................................................................................................5
Definition of a Public Limited Company | Report_2
INTRODUCTIONThe report presented below describes the definition of a Public limited company including tomention the advantages and disadvantages of the same. After detailing the concept of a publiclimited company, various stages of a product life cycle have been mentioned. Further theleadership and management concepts have been explained briefly by also analysing thedifference between the two. Employees being the main part of organization does not only needconstant supervision and control but also must be provided enough opportunities for enhancingtheir carrier keeping in mind the importance of motivating them. The report presents a clearunderstanding on the life cycle stages of a product (Bryman and Bell, 2015).TASK 1Public Limited Company: Company is assumed to exist having its own legal identity in theindustry of which it is a part. The company and its owner are hold separate existence. PLC is anabbreviation of Public Limited Company that has offered its shares to general public. Thecompany has limited liability. It offers its stock to public in general through initial publicofferings or by trading its stock in stock markets or stock exchange market. After the name ofcompany public Ltd is added to inform various stakeholders and general public that the companyhas fairly large business and its shareholders are general public. E.g., Burberry group PLC.ADVANTAGES AND DISADVANTAGES OF PUBLIC LIMITED COMPANYList of advantages:As the company is assumed to have own legal identity, in case of death of any of theshareholder, the company continues to exist.The liability of the shareholders is limited as the company has to include 'limited' with itsname.The companies that have limited liability, can obtain funds with no restrictions uponcollection limit on the amount of funds (Chand and Fraser, 2006).The shareholders of the shares of this type of company can easily transfer their shares toany of the member or any individual.The shares being freely transferable imply a sense of relief in the mind of customerswithout any issue of not being able to transfer the same.List of disadvantages of a public limited company:1
Definition of a Public Limited Company | Report_3

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