Range of Different Businesses and Ownerships

Task 1: Range of different businesses and ownerships

In this task I, as a Business Adviser will be preparing a report describing the types of business, purpose and ownership of two contrasting businesses – one which is a private organisation and the other which is a public or voluntary organisation by conducting research, showing my knowledge behind the companies and providing detailed descriptions of the companies specific information.

PLC: A company whose securities are traded on a stock exchange and can be bought and sold by anyone. 
Charity: A not- for-profit company who donates all money given to those in need.

Business Purpose

The purpose or determination of the business is called the Business Purpose. Essentially, this means what the company sets out to do; this could be in the form of profit, or helping people out. A business cannot run without a purpose. The purpose of the business ties in closely with the goals and aims of the business.

Business Scale

Business Scale means the size of the business. There are many subcategories within the ‘business scale’ such as local, national, international, global.

Local – Small businesses, in which there is usually only one branch, such as a corner shop. Usually refers to a small town or city.

National – A bit bigger than local shops, this may consider the whole country rather than just an individual city.

International – This is usually used for many countries, or a continent. An international business will have many branches over the world.

Global – This means this branch is in most countries all around the world. It is worldwide, and well-known.

Business Sector

This refers to the division of providing goods/services. There are 3 sectors within a business.

Primary – This is to do with obtaining raw materials. A good example of a ‘business’ within the primary sector is fishermen, or farmers, as they get the raw materials such as fish or milk and then pass them onto other sectors to sell them on to the general public.

Secondary – This sector is to do with the manufacturing of the materials that the primary sector might’ve obtained. In the same example of the primary sector, the secondary sector would be the cheese factories, as the milk that the farmer got hold of would’ve come to the cheese factory to be made into cheese.