Types Of Companies Flashcards
What is a public-service organisation?
A organisation that is controlled and funded by the government. These organisations are usually non-profit and are here to serve the community.
Name some examples of public-service organisations.
3
Schools.
Hospitals.
Police.
What is a commercial organisation?
A business that trades to make a profit but doesn’t manufacture goods. The main aim of a commercial organisation is to make a profit for the owner and the shareholders.
Name some examples of commercial organisations.
4
Utilities (transport, water, electricity and gas).
Shops.
Banks.
Employment agencies.
What is a Micro Business?
A business with less than 50 employees.
What is a small business?
A business with between 50 and 250 employees.
What is an E-commerce organisation?
A business that sells products or a service online.
Name some examples of E-commerce organisations.
2
Amazon.
eBay.
What is a charitable organisation?
An organisation with only charitable purposes.
What is a multinational commercial company?
A commercial company that span more than one country.
What is a industrial organisation?
Make goods for sale.
What is a sole trader?
One person who works for themselves and doesn’t have any employees.
What is an organisation?
An individual or group working in a structured way to accomplish specified tasks or results.
What is a LTD company?
A private limited company.
What is a PLC company?
Public limited company.
Which type of company uses shares?
Limited companies.
What are the four sectors that organisations are said to trade in?
Primary Sector.
Secondary Sector.
Tertiary Sector.
Quaternary Sector.
What is the Primary sector?
Acquiring natural resources.
What are examples of Primary sector organisations? (3)
Fishing.
Mining.
Farming.
What is the Secondary sector?
Add value to natural resources or to products which have been derived from natural resources.
What are examples of Secondary sector organisations? (3)
Carpenters.
Steel works.
Car manufactures.
What is is a Tertiary sector organisation?
Provide a service.
Examples of Tertiary sector organisations? (3)
Hotels.
Education.
Catering.
What is a Quaternary sector organisation?
Provide information.
Examples of Quaternary sector organisation?
Computing.
ICT.
Consultancy.
What are financial services provided by banks? (3)
Hold accounts.
Lend money.
Provide mortgages.
