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BUSINESS CLASSIFICATION Introduction The Boots Company is a business found in the Private Sector of which it is a company Businesses in the Private Sector are not owned by the Government but by a private owner Within the private sector there are two main types of company which are similar but in many ways obviously different Boots is a Public Limited Company PLC and not a Private Limited Company Ltd Being a PLC enables The Boots Company to quote shares on the Stock Exchange hence these shares are available to be purchased by the public bankers prospective investors and competitors therefore establishing the shareholders as the company owners This is seen as beneficial to the company as it allows capital to be easily raised in comparison to Ltd companies ie a business without shares being available to the public and so the main difference between a PLC and an Ltd is the source of financial support History of Boots The history of The Boots Company PLC began in 1849 when a man called John Boot opened an herbalist shop in Goose Gate Nottingham as a sole trader In 1871 the company was called M J Boot herbalists as it was a family run business In 1877 John Boots son Jesse took over the company The name changed yet again in 1883 to Boot and Company Ltd and again in 1888 to Boots Pure Drug Company Ltd Throughout the late 19th and early 20 centuries new product ranges were launched such as No 7 cosmetics in 1935 In 1971 the company became The Boots Company Ltd and due to a good public reaction and large profits the company became The Boots Company PLC in 1982 Since then many other sections have formed within the main company such as Hal fords Boots Opticians and Boots Healthcare International The images included throughout this paragraph show some changes made to the company title Many
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