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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.

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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.


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.


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.

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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

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