Private sector
- Created by: odustan
- Created on: 06-10-15 09:48
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- Private sector
- What is it?
- The private sector business is a privately owned or run organisation.
- business structures inside the private sector.
- Sole trader
- Public limited.
- Cooperative
- Partnership
- Private limited.
- Franchise
- Municipal undertakings
- How it differs from the public sector?
- How is the sector funded?
- The private sector is funded from private individuals investing their own capital into a business, person or idea. This can also be done by the person taking a loan from a ban in their own name that is secured by assets that the bank can have a percentage of.
- How is the sector funded?
- What are their aims and objectives?
- To minimise costs
- To gain a larger market share.
- Increase the volume of sales.
- To maximise profits.
- Survival.
- Customer welfare
- Social responsibility.
- Examples of private sector business'
- Private - not for profit.
- Charities.
- Cancer Research
- Save the Children
- Tear fund
- CO-OP
- John Lewis.
- The cooperative bank.
- Nationwide
- Charities.
- Private - for profit.
- Virgin
- British airways
- Apple
- Coca cola
- Costa coffee
- Private - not for profit.
- Private sector organisations
- Unincorparated
- Sole trader
- partnership
- Incorparated
- Private limited company
- Few share holders
- Public limited company
- Many share holders
- Private limited company
- Unincorparated
- What is it?
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