Unit 1 - 1.2 (Different sectors of Operation)

Question 1

Private Sector ?

Answer 1

These businesses aim to make a profit that will be invested back into the shareholders or the business. (e.g - Ikea, Amazon, Next, Iceland …)

Question 2

Public Sector ?

Answer 2

These are businesses funded by the government these provide public services. (e.g - healthcare, banks, education, libraries, public transportation …)

Question 3

Third Sector ?

Answer 3

Businesses that do not aim to make a profit and are not government funded. They make money but it is invested into a cause, to raise awareness or back into the community. (e.g - Cancer research, NSPCC, Oxfam, Save the whales …)