Flashcards
1.2 Types of Organisation
Flashcards do conjunto (12)
- 1Sole Trader- One owner
- No need to publish accounts (except tax)
- Usually service firms s.a. car repairs - 2Partnership- Up to 20 owners
- Limited need to publish accounts
- Funded by partners' capital
- Usually lawyers and medical practices - 3Private Limited Company (PLC)- Varying amount of owners
- Sends financial statements to registrar
- Receive capital from partners
- Family run businesses like Lego - 4Publicly Traded Company (PTC)- Unlimited owners with global share exchange
- Many funds if shares are sold, transparent accounts
- Usually big companies like SONY and WalMart - 5Chartities, NGOs and volunteer organisations- Some NGOs are partnerships with governments
- Donations provide funds
- Usually Amnesty International, Red Cross - 6Private Sector- Focus: Profit maximisation
- Not state controlled - 7Public Sector- Principally controlled, financed and operated by the government
- Provide a service to consumers whatever the cost - 8For-Profit OrganisationsOrganisations that aim to earn maximum profit at the lowest cost
- 9Not-for-profit organisationsOrganisations that aim to raise money for a purpose, such as helping others in need
- 10Cooperatives- Owned by the people (stakeholders) using it
- "Anyone becoming a customer is an owner" - 11Micro-Finance Providers- Help entrepreneurs finance some start-up capital
- Usually for people in developing countries - 12Public-Private Partnership (PPP/P3)- A contract between the public and private sector
- Private company assumes all financial, technical and operational risk of public service that the government can't run
Informações
- Descrição
- Business Management (Unit 1: Business Organisation) FlashCards sobre 1.2 Types of Organisation, criado por Sarah Manon Konn em 21-05-2015.
- Criado por
- Sarah Manon Konn
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