Business Revision
Private Sector
Owned By = Private Individuals/Share Holders
Purpose = to provide goods and services to consumers at a price
Aims Include = Make a profit provide a quality produce
Survival = only Possible if a profit is made-it must made more money than it spends
Finance = Owners Loans Creditors
Examples = Local Newsagents Asda
Public Services
Owned By =Government-Local or Central
Purpose = To provide essential services
Aims Included = To Breakeven utilise assets effectively
Survival =Depends on government policy
Finance = Local or central government
Examples = Health service, Police and Education
Voluntary Groups- charities
Owned by = Not Owned By Any individual
Purpose = to help a specific cause or purpose
Aims include = Alleviate suffering provide expertise raise awareness
Survival= If costs are not greater than incomes – grants, fundraising events (breakdown)
Finance= Public grants eg lottery
Examples= Oxfam Red Cross RSPCA
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