What is the purpose of a public limited company?
A Public Limited Company or PLC for short is a business that has grown large enough to float (sell) its shares on the stock market. It does this to raise finance (money) to grow the business. Perhaps they want to start a new factory or produce a new product. They will need money to do this and selling shares is one way to do that.
Many businesses are plc that you will know and they have all kinds of different purposes:
TESCO PLC (PURPOSE - to sell food and other goods)
BT PLC (PURPOSE - to provide phones and other telecommunications products)
EASYJET PLC (PURPOSE to provide flights for customers)
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