Business Organisations Flashcards
1
Q
What are the types of business organisations?
A
Public sector - owned by the public but controlled by the government or local authorities on our behalf eg Army, police, hospitals etc
Private sectors - businesses owned by private individuals eg corner shops, Londis, Tesco etc
2
Q
What type of people can own a business organisation?
A
Sole traders
Partnerships
Private limited companies (ltd)
Franchises
