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Business ownership's.

Extracts from this document...

Introduction

Business Ownership's Many businesses can be classified in different ways according to the type of ownership it may have. Businesses can either be voluntary, private or public sector. Below are the different type of businesses: * Sole Trader * Partnership * Private limited company * Public limited Company * Co-operative * Non Profit or a charity company * Franchise The economy of today is divided into three sectors, which are called voluntary, private and public sector. Voluntary sector The Voluntary sector consists of mainly of non-profit making organisations this is an organisation that does not to financially reward the owner. The objectives of these types of organisations are non-financial. Businesses like the NSPCC this is a charity that is set up to help children. There are other companies like the NSPCA they are there to help animals. Most of these charities are registered charities. The majority of the people that work there are usually volunteers and are mainly from around that area and just want to help out. But within these charity based organisations there will always be paid managers. These charities usually ask for donations on the road or they will write to you all of this is for a good cause. The voluntary sector of these businesses have a total income of �15 billion, �4 billion of which comes from the voluntary donations. The balance comes from charity shops and rental of properties. Private sector The public sector consists of three parts they include: 1. The financial sector this consists of financial institutions such as banks and building societies. In addition to making and receiving payments on behalf of customers these act as the link between those groups that have money to save and those that need to borrow. 2. The personal sector deals with the economic decisions of individuals and house hold for example, how much income that they may receive, how they spend there income, how much saving they do. ...read more.

Middle

Sales Depending on the organisation and whatever it is selling goods or services, both sale revenues and sale volume can be relevant. The local library or careers centre will measure its success in terms of volume, that is the number of the people who us4ed the service, whereas for a manufacturing business volume may only be achievable with a price and a consequent loss in revenue. Businesses can be in conflict if it tries to achieve maximum sales and maximum volume. It has been put forward that managers aim to maximise sales revenue of the business while at the same time making just enough profit to satisfy the shareholders. Managers get rewards for sales rather than profits. Profits All firms attempt to make a profit. They there fore adopt pricing and production strategies that specifically aim to achieve this goal. Profits are defined as rewards for taking risks; this then means that high profit means high risks. Strategies have been adopted. Satisfactory profits mean means that a cautious approach has been taken. Growth Many managers in businesses are motivated by their desire for money, status, power and prestige. In most cases the only way that these ambitions cam be realised is if the business grows. Growth will then become a ma or j management. They can merge or go with other firms if they wish to increase the size of the business. Once one company takes over a competing company, it will gain a greater share of market and gives it bargaining power. Survival Survival is the main objective of every business. This is particularly relevant during recession. Most new businesses have survival as there main aims of the first years of operating. When managers are concerned with survival they tend to be very cautious and reluctant to take any risks, this can mean that profits stay very low and the policy is self-defeating. ...read more.

Conclusion

It is common in sainsburys store to have an office service manager with the responsibility for co-ordinating office services and for offering expert advice to depart mental managers. The work of an office manager will usually include the following: * To organise training and administration staff * Report and provide statistics for the company * Co-ordinate supply the office equipment stationery * Advice department about office lay out office equipment, staff development Administration contributes to the running of the business because they can deal with any queries customers may have, this area also deals with how well the business is being run. This area helps the business meet its objectives because they ensure that sainsburys is managing well and that they are well organised. Research and Development In sainsburys research and development has strictly commercial functions to further the companies business aims by creating new and better products, improving better operational process and developing new ones, and providing extra advice to the company and to customers. Without the flow of new improved products and processes, no company can help to remain successful. Research and development meets sainsburys objectives because they always look for quality and so does sainsburys objectives. It is essential that the functional areas meet effectively for sainsburys to meet its objectives. The finance department are connected with production in certain because if the finance department was not receiving enough income, then the production department will be easy to produce any goods. In order for the production department to operate, they will need to find out how well the finance and accounts are doing. The finance and Human Resources department are connected because in order for the human resources department to deal with education and development, they will need to find out how well the finance and accounts are doing. The finance and administration are also connected because in order for them to operate they will have to make sure the finance department is financially stable in order to maintain this department. In order for research and development to take place, they need money from the finance department. ...read more.

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