... companies (PLCs) although many have substantially more share capital than some of the smaller PLCs. Examples of LTDs might be a local garage, or a farm. This is also the form of organisation used by most of the clubs in the football league. Public Limited Company (Plc) Most of the larger companies are public limited companies. These may offer their shares to the general public, often through the Stock Exchange. It is the share prices of these companies that are displayed in the daily press. They include household names such as Tesco, Marks & Spencer, ICI, the high street banks, some football clubs such as Tottenham Hotspur, as well as the recently privatised business such as British Airways and BT. Franchise The franchise is an increasingly popular form of business organisation. It is a particular example of decentralisation. Here the parent company, called the franchisor, will sell the right to use its name to ...

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