Unit 4 Business

In: Business and Management

Submitted By gulz
Words 530
Pages 3
Unit 1 Business Environment
Type, sector, purpose and ownership of businesses

There are different types, purposes and ownership of businesses such as; Charity or not for profit organisations, private limited company and international/global.
Organisations operating in the public sector i.e. for benefit of everyone and not making a profit.
Organisations operating in private sector are trying to make a profit such as Tesco, M&S, ALDI etc. even if they are called a public limited company.
Charity does not make a profit. Their ownership is by a ‘board of trustees’.

I have chosen Marks and Spencer’s for an international/ global organisation.
This organisation is an international organisation as their products are sold through our international stores across Europe, the Middle East and Asia.
Marks and Spencer’s operate in a private sector and the work they do and the products they sell is to make a profit for themselves.
The industrial sector for Marks and Spencer’s is tertiary as this group is involved in the delivery and sale of goods. They take the products from the factories after the products are manufactured and sell them at a price that they will get profit off of.
The purpose of this organisation is the supply of products. This is selling products at a certain price to gain profit.
The ownership of Marks and Spencer’s is public limited company as it is a large well-known business. It is a chain of retailers with branches in most city centres. Shares trade of the stock exchange.

For a Private limited company I have chosen a local restaurant. This organisation is a Private limited company as it is a small business and an independent organisation. Shares do not trade on stock exchange. Restaurants still take profit but they also serve their customers.
The industrial sector for a private restaurant is secondary as they change the…...

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