Business GCSE
Private Limited Company (Ltd)
What Private Limited Company (Ltd) means in Business GCSE, as defined for OCR.
Definition of Private Limited Company (Ltd)
An incorporated business where shares are sold privately to friends and family.
Topics that use Private Limited Company (Ltd)
- Business ownership (OCR GCSE)
Related terms
- Limited Liability
- Incorporation
- Initial Public Offering (IPO)
- Partnership
- Public Limited Company (PLC)
- Sole Trader
- Unlimited Liability
Using Private Limited Company (Ltd) in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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