Business management revision
- Created by: pw2000
- Created on: 18-12-18 19:37
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- Business Management
- Organisation
- Large and is made up of a number of companies
- Corporation
- Structured
- Has management levels
- Large organisation
- Industry
- A combination of companies all in the same line of business
- Agency
- Links individuals with companies to fill vacancies either temporarily or permanently.
- Primary
- Where raw materials are sourced from.
- Secondary
- Distribution and assembling of the products
- An example of this would be amazon and suppliers
- Tertiary
- The services associated with the business
- examples would be advertising and utility bills.
- Sole Trader
- owned by one single person who takes care of everything and is liable for everything.
- Partnership
- Run by two or more people and are both responsible for everything and each are jointly reliable when things go wrong.
- Limited Liability
- Company where lots of people have shares and each take a cut of the profits.
- Public Sector Organisation
- Funded by the government for the benefit of the community.
- Not for profit business
- Business is run for the benefit of the community the same as a charity.
- Charity
- Run for the benefit of the community rather than the owner.
- Organisation
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