Business aims an objectives

owned by private shareholders and shares in them can only be bought privately. 

anyone can buy shares, they are traded in a stock exchange 

market for shares that have already been issued to shareholders. they can then sell off existing shares and buy others

aren't run to make a profit 

something a customer buys because they believe it will make them better off. 

own more than one share in a business 

this is provided for customers to enjoy but they do not have anything to take home with them

owned by:

• Sole Traders (one owner) businesses.
• group of partners working together.
• shareholders 

something you can touch and see 

process of making the products 

set up for a specific charitable purpose. they do not make a profit 

they are staffed by unpaid volunteers such as the womens Royal voluntary service

they are the ends that you seek to achieve when you carry out a particular task. 

general end that a business is working towards.

sub-components to the aim 

Specific 

Measurable 

Achievable

Realistic

Time related

who the business belongs to

owned by shareholders but it is often managers who make decisions and control the business

owned and controlled by one person. it is the most common form of business and is found in wide range of activities.

all profits go to the sole trader