Ownership: Aims and objectives

Question 1

Difference between private an public sector

Answer 1

public sector - owned by the government

private sector - entreprenuer owned / rcidt to make a profit

Question 2

• Give examples of businesses in each sector

Answer 2

Public - NHS, police

Private - AUDI, Waitrose

Question 3

• What is meant by the term “privatisation”

Answer 3

moving from public to private sector

Question 4

• How will objectives change as a result of privatisation?

Answer 4

they will be more profit based

• have a good reputation
• achieve some growth

Question 5

• Explain 2 business stakeholders likely to benefit from privatisation

Answer 5

• ## Shareholders / a private firm may be more effecient if there a shareholders