business structure

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  • Business structure
    • private sector:
      • limited companies
        • private limited companies
        • public limited companies
      • partnership
        • a business formed by two or more people to carry on a business together,with shared capital investment and shared responsibilities(not more than 20 people)
      • cooperatives
      • sole trader
        • a business in which one person provides the permanent finance,has full control,and keeps all profit
      • franchises
      • joint ventures
      • holding company
    • classification of business activity
      • secondary sector
        • firms that manufacture and process products from natural resources, including computers, brewing baking, clothes making and construction
      • primary sector
        • firms engaged in farming, fishing, oil extraction and all other industries that extract natural resources so that they can used and processed by other firms
      • tertiary sector
        • firms that provide services to consumers and other business, such as retailing, transport, insurance, banking, hotels,tourism and     telecomuinca-tion
    • types of economies:
      • free-market economy
        • economic resources owned largely by the private sector with very little state intervention
      • mixed economy
        • economic resources are owned and controlled by both private and public sector
      • command economy
        • economic resources owned, planned  and controlled by the state
    • public sector:
      • comprises organisations accountable to and controlled by central or local government(the state)
      • public corporations
  • comprises business owned and controlled by individuals or groups of individuals
    • private sector:
      • limited companies
        • private limited companies
        • public limited companies
      • partnership
        • a business formed by two or more people to carry on a business together,with shared capital investment and shared responsibilities(not more than 20 people)
      • cooperatives
      • sole trader
        • a business in which one person provides the permanent finance,has full control,and keeps all profit
      • franchises
      • joint ventures
      • holding company
  • comprises organisations accountable to and controlled by central or local government(the state)
  • a limited company with a legal right to sell shares  to the general public
    • small to medium sized business that is owned by shareholders who are often members of the same family ,company doesn't sell share to the general public
      • a business enterprise owned and controlled by the state-also known as nationalized industries
        • public corporations
      • very common form of organisation in some countries especially in agriculture and retailing. all members can contribute, all members have one vote, and profit is shared equally.
        • a business that uses the name, logo and trading system of an existing successful business
          • two or more businesses agree to work closely together on a particular project and create a separate business division to do so
            • a businesss organisation that owns and controlls a number of separate business,but does not unite them into one unified company

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