UB T2 Types Of Organisations Flashcards
1
Q
Private Limited Companies
Ltd
Private sector
A
- OWNED by shareholders
- CONTROLLED by board of directors
- FINANCED by
- limited liability
- aims to maximise profits
- public cannot buy shares
2
Q
Public Limited Companies
PLC
Private Sector
A
- OWNED by shareholders
- CONTROLLED by board of directors
- FINANCED
- limited liability
- aim to dominate the market, increase market share & value
- public can by shares
3
Q
Franchise
Private Sector
A
- OWNED by franchiser
- CONTROLLED by franchisee
- FINANCED
- aims to maximise profits
4
Q
Multinationals
Private Sector
A
Globalisation
5
Q
Central Government
Public Sector
A
-aim to provide a quality service
6
Q
Local Government
Public Sector
A
Financed by tax
-aim to provide quality service
7
Q
Charities
Third Sector
A
Raising money to benefit others
Controlled by board of trustees
8
Q
Voluntary Organisations
Third Sector
A
Aims to provide a service for their members
Controlled and run by elected committee w/ help of volunteers
Financed by subs
9
Q
Social Enterprises
Third Sector
A
Aim to make a profit to benefit a specific group
