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Types and Purposes of Business Organisations
Member rating: No Rating | Words: | Submitted: Thu Mar 24 2005
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TYPES AND PURPOSES OF BUSINESS ORGANISATIONS There are many Businesses that belong to different INDUSTRIAL SECTORS that provide and contribute differently to consumers. The types of businesses that exists under the Industrial business sector and they are: 1. Private Sector 2. Public Sector PRIVATE SECTOR The Private Sector can be defined as a sector that contains businesses which is owned by private individuals and all the income and profit the company makes goes to the individuals/owners. There are many businesses in the private sector that have one major aim which is to provide a quality service and goods to their customers. These businesses want to make a profit when they sell their products or render a service to their customers. For Example, if ISON HARRISON SOLICITORS, a privately owned limited company offers a loan to one of their customers, they expect to make an interest on the money they gave to the customer. Therefore, they...
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