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. It may develop the parts of the museum that are struggling, or buy maintenance. Employees are all volunteers and probably do not get paid. The type of people that would be suited for this job would have to be local (to know the history) and must be generous and selfless. The employer will probably receive a cut of the profits, and any third parties that are hired to work there. The museum obtains money by donations only as it is a charity and does not require profit.

Franchise

Burger King

Burger King is a franchising giant, it is an international company. Burger King is a Franchise. The franchisor sets up the company to operate. The franchisee then buys the rights to distribute the franchisor’s product whilst the franchisor receives a large royalty. Burger King does the advertising for the franchisee, plus, as they are so large, the advertising spans most of the world. The franchisee has the products shipped to his store so he doesn’t need to make them. He also is known worldwide with Burger King’s reputation and advertising. The franchisor has all the work done for him and he gets the most money out of the company. He gets royalties from franchisees as a constant boost. The main purpose of the business is to make a profit. The main objective of the business is to sell their product(s) worldwide. The franchisor gets most of the money, a royalty, and the rest is spread amongst employees.

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Public Limited Company

Nat West Bank

Nat West is a large bank. They have branches in multiple countries. It is a Public Limited company, PLC, which means that the business is owned by shareholders. Of course, there is someone with more than everyone else, the majority shareholder. Anyone can buy shares, but they can lose value, as well as gain. The good thing about Public Limited Companies is that you can’t lose your own possessions that haven’t been invested in the ...

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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