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    The document discusses the different types of business organizations. It describes the private sector as consisting of sole traders, partnerships, private limited companies, and public limited companies that are owned by private individuals. The public sector is made up of central and local government-owned businesses, though few remain in the UK now besides organizations like the Royal Mail. Private limited and public limited companies provide limited liability for owners compared to sole traders and partnerships. Other business types mentioned include cooperatives, franchises, and not-for-profit organizations.

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    The document discusses the different types of business organizations. It describes the private sector as consisting of sole traders, partnerships, private limited companies, and public limited companies that are owned by private individuals. The public sector is made up of central and local government-owned businesses, though few remain in the UK now besides organizations like the Royal Mail. Private limited and public limited companies provide limited liability for owners compared to sole traders and partnerships. Other business types mentioned include cooperatives, franchises, and not-for-profit organizations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    Download as ppt, pdf, or txt
    5 views8 pages

    Types Org

    Uploaded by

    SyeikhalHafiz
    The document discusses the different types of business organizations. It describes the private sector as consisting of sole traders, partnerships, private limited companies, and public limited companies that are owned by private individuals. The public sector is made up of central and local government-owned businesses, though few remain in the UK now besides organizations like the Royal Mail. Private limited and public limited companies provide limited liability for owners compared to sole traders and partnerships. Other business types mentioned include cooperatives, franchises, and not-for-profit organizations.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as ppt, pdf, or txt
    of 8

    http://www.bized.co.

    uk

    Types of Business Organisation


    BTEC Business

    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    Two Sectors
    The economy can be divided into two sectors:
    The Private Sector

    The Public Sector

    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    The Private Sector


    Private individuals and firms that are owned by private individuals Firms in the private sector include:
    Sole Traders Private Limited Companies (Ltd) Partnerships Public Limited Companies (PLC)

    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    The Public Sector


    Made up of central government, local government, and businesses that are owned by government In the last twenty years the number of government-owned firms in the UK has shrunk massively Now, very few examples remain: for instance, the Royal Mail

    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    Private Sector Firms


    One of the key differences is between: Sole traders and partnerships whose liability is unlimited
    And

    Private Limited and Public Limited Companies, who have limited liability
    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    Other Business Types


    Co-operatives are owned by their staff, who are members of the firm Profits are shared amongst the members Losses too must be shared

    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    Franchises
    Many businesses today are franchises A business idea is licensed to a franchisee The owners of the brand receive a license fee The franchisee gains the right to use the business brand
    Copyright 2007 Biz/ed

    http://www.bized.co.uk

    Not For Profit Businesses


    Many charity-based business organisations are run as not for profit operations They typically receive donations or funds from groups or government Any financial surplus is ploughed back into the business The organisation does not aim to generate profits
    Copyright 2007 Biz/ed

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