business structure
- Created by: abdul waheed shaikh
- Created on: 17-02-13 22:46
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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
- limited companies
- 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
- secondary sector
- 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
- free-market economy
- public sector:
- comprises organisations accountable to and controlled by central or local government(the state)
- public corporations
- private sector:
- 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
- limited companies
- private sector:
- 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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