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In the case of the former, the goods only belong to the buyer when the final payment is made.
? National Insurance contributions ? payments made by employees and employers to the government as a form of insurance premium.
? Patent ? a licence which prevents the copying of an idea.
Business Stakeholders
? Directors ? people elected by shareholders to run companies.
? Dividend ? a proportion of a company's profits paid to owners of shares in that company.
? Manager ? an individual who is accountable for more work than he or she could undertake alone.
? Shareholder concept ? the traditional approach to running a business which involves focusing on the needs of the shareholders...
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