7C : privet sector

Question 1

what is privet sector ?

Answer 1

• business activity owned by individuals to make profit e.g. sole traders , partnerships , privet limited companies

Question 2

list the aims of privet sector businesses

Answer 2

• survival : ensure that business continues its existence
• profit maximisation
• sales maximisation : achieve the highest level of sales revenue
• market share : capture as many customers as possible from rivels
• customer satisfaction