• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Ownership, Aims and Objectives. In this assignment I have been asked to research a variety of companies and put them into three main areas of ownership. These are: the private sector, the public sector and the charity and voluntary organisation sector.

Extracts from this document...

Introduction

OWNERSHIP, AIMS & OBJECTIVES Introduction In this assignment I have been asked to research a variety of companies and put them into three main areas of ownership. These are: the private sector, the public sector and the charity and voluntary organisation sector. Within the private sector there are six more types of ownership, these are: * Sole Trader * Partnership * Franchise * Co-operative * Private Limited Company * Public Limited Company Saddleworth Museum The Saddleworth museum is a small business as it operates at maximum across a single town. Saddleworth museum is in the public sector. The purpose of Saddleworth museum is to provide entertainment and education about the local history. The service is provided for local people and tourists that may be interested in the subject. The main objective of the business is to make a minimal profit which can help the business run for longer so it can still inform the public about local history. Break even means that the company makes no profit, whilst not being in debt (or usually just 'breaking' out of debt). If the business made a profit it would probably use it to keep the museum running or hold an event, maybe even give it to a charity. ...read more.

Middle

Nat West can use profit to advertise, re-invest, expand or increase dividends. Increasing dividends is essential. This is when the company gives out a small amount of their profit to their share holders, about 5%. Increasing the dividend will attract more share holders as there is money being given out. Increasing the dividend also stops the company from spending this money on the company and it's growth. Public Sector Saddleworth School Saddleworth School is a small national company. The business is located in Uppermill, Saddleworth. It operates under the public sector of the economy. The taxpayer funds the business through the government. The company doesn't aim to make a profit; it aims to provide education to teenagers. The money from the council they get every year is non-negotiable, so they can't get any more than given. The council controls and owns development of the school whereas Mrs. Cornish runs the business. The business has been de-centralized, which means that the government has given the power to someone else, in our case, the Oldham Council. The school has many departments, there is Art, English, Foreign Languages, ICT, Business Studies, Drama, Maths, Science and many more! ...read more.

Conclusion

Their parent is the 'United Co-Operative Ltd' Their company has changed a lot over the past thirty years that is has operated. It was previously owned by the workers who owned shares and received parts of the profits. The ownership is now limited to members. You may apply to be a member, but you must have a stable financial situation. Members have full control over the companies and suggest strategies for it, but these need to be agreed by a board of elected directors. The companies purpose is to provide goods and in some cases, services, that are required by society. These are in the following subsections; * Food * Travel * Motoring * Healthcare * Funerals There are three main types of co-operative: * Co-Operative retail - The companies buy in bulk and sell on to the public or to various businesses. Most of the businesses stated above fall into this category. * Co-Operative trading society - buying and reselling goods, mainly for profit. * Worker Co-Operative - Owned by workers and profit is distributed among staff. Many changes to the 'Co-Op' have been made in recent years, including colour coding parts of the business. For example, all food retailing stores now have lime green shop fronts. ?? ?? ?? ?? By Bryn Roberts 10L ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Business, Companies and Organisation, Activity section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Here's what a teacher thought of this essay

3 star(s)

This essay makes a number of good points about the types of ownership and gives good local examples. It is quite confused in its structure however and the writer is using headings wrongly, confusing the public and

Marked by teacher David Salter 12/02/2012

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Business, Companies and Organisation, Activity essays

  1. British Airways ownership. British Airways is a public limited company, which means that ...

    Furthermore they also raise large amount of capital (money) from members of the public, * A PLC has far more capital available, which it has raised through selling its shares to the public on the Stock Market.

  2. Business Studies Edexcel Coursework

    Errol must use his own savings, or loan off banks or perhaps his family. He must "ration" his capital, as he needs the money to pay back loans and as much money to fall back on as he can, in case of an incident such as the opening of a rival garage who appeal more to Errol's customers.

  1. Functional Areas within McDonalds

    The terms and conditions of employment are found in the contract of the employee, which relates to the location, hours in which working,holidays,sick pay, pension and how much time in advance to be given if the employee wants to leave. Which other departments do the human resources department work with?

  2. Different types of teams within the Public Services and how they benefit themselves.

    Second being a deployable combat arm varying from a battalion to a brigade sized formation.

  1. Functional Areas

    Also the marketing department are also in charge of advertising. Advertising is one of the main things a business carries out in order to get their business known and gives them a good profile. Morrisons are well known for their adverts because they have a variety of famous faces doing it for them.

  2. There are three different types of industrial sector, primary, secondary and Tertiary. Examples of ...

    Secondary decline There has being a decline in the previous years for car manufacture, many car manufactures are closing down and cutting workers.

  1. How effectively does British Airways functional areas co-operate with each other.

    case the community relations need some money or funds to contribute to the society, they can turn towards the finance department and then they can help them with anything that needs to be given for a good cause.

  2. Case Study of the "Life is Good" clothing company.

    Bert says their partnership with Project Joy aligns with Life is good?s philosophy. The financial commitment the company has made is supported by its Life is good Kids Foundation, which raises funds throughout the popular Life is good festivals

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work