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GCSE: Business, Companies and Organisation, Activity

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Five different forms of ownership that you should know

  1. 1 Sole traders or sole proprietors are the simplest form of business ownership requiring no legal documentation. Anyone can just set themselves up in business. It is by far the commonest form of business organisation. One of the main problems is that it can be hard to get finance to expand. This is in part because it has unlimited liability. That is full responsibility for all debts
  2. 2 Partnerships are where from 2 to 20 people join together to form a business. This gives each person access to more finance and expertise. They also have unlimited liability which can make it difficult to get the finance to expand.
  3. 3 Private Limited Companies (ltd after their name) are legally set up and enable the business to raise more finance by selling shares (part ownership) of the business. They have limited liability which means that investors can only lose the amount they have invested in the business. People must be invited to become shareholders and can only sell their shares with the permission of the other shareholders.
  4. 4 Public Limited Companies (PLC after their name) can sell shares to anyone and there are no restrictions on who can and cannot own the shares. They also have limited liability. These tend to be the largest businesses.
  5. 5 Cooperatives are owned usually by the employees. The employees pool their money and usually share responsibility for the decisions of the business.

What are the names of different sectors of industry?

  1. 1 The primary sector is concerned with the mining, growing and extraction of raw materials that are used to produce other things. Examples include farming, mining, forestry and fishing. Before the industrial revolution (about 1760 to 1830) this was the biggest sector in the UK. Now it is the smallest, employing less than 2% of the workforce.
  2. 2 The secondary sector is the part of the economy concerned with manufacturing. It therefore involves turning primary products into other products that consumers and businesses will use. As a percentage of employment, this has fallen in the UK in recent years as more manufacturing is done abroad. The UK still manufactures many goods.
  3. 3 The tertiary sector is also called the service sector. It supports the production and distribution of products so includes industries like banking, retail, advertising and distribution. It is the largest sector of the UK economy.
  4. 4 Some commentators talk of the quaternary sector which is concerned with intellectual activities and the knowledge based part of the economy such as scientific research, government, libraries and information technology.
  5. 5 Goods move through the different sectors through what is known as the ‘chain of production’. So for instance oil comes from the primary sector where it is extracted from an oil well, to the secondary sector where it is refined into petrol or other products and then to the tertiary sector where it is sold to the consumers in a service station.

Five business aims

  1. 1 Most privately owned business aims to make a profit. This may only be in the long run. In the short run, a business may aim to increase market share or develop new products which will reduce profits in the short run.
  2. 2 Many businesses are in the public sector. This means that they are owned by the government or local government. Their main aim will usually be to provide a service to the public. They may charge for it to cover some of the costs but making a profit is unlikely to be an aim.
  3. 3 Businesses in the voluntary sector are usually charities that raise money to provide help to particular groups.
  4. 4 Businesses will normally have objectives which are much shorter term and are measures that will help them achieve their overall aim. It may relate to a level of sales (private sector), a level of service (public sector) or a particular group that will be helped (voluntary sector).
  5. 5 The terms private and public can get confusing. Private sector means owned by private individuals although it may be a public limited company. This means that shares in the company can be bought by any member of the public. However, it is still in the private sector.

  • Marked by Teachers essays 12
  • Peer Reviewed essays 4
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  1. Marked by a teacher

    In this piece of coursework I will talk about the activities that Jaguar Cars currently has in place so that they achieve their aims and objectives.

    5 star(s)

    If the employees do their job properly then it will insure that the production line will be continuous and this will again lead to customer satisfaction as the customers will be getting their cars on time. By doing this it would help them meet their aims of continuous production during running times and also the aim of improving quality and customer satisfaction. The second way in which jaguar helps meet the production targets is by having computer aided technology; CAD (computer aided design)

    • Word count: 2550
  2. Marked by a teacher

    functional areas in oxfam and sainsburys

    4 star(s)

    * Preparing the pay roll and paying the staff salaries * Issuing regular budget reports to all the departments. Customer service Customer service is also a main functional area in Sainsbury's. This part of Sainsbury's handles complaints positively and professionally. They also: * Solve customer problems. * Use customer feedback to improve customer service. * Answer customer enquires about products and services * Analyse customer complaints to eliminate problem areas. OXFAM Administration One of the main functional areas in a business is administration. Admin is a support system that is requires by all business they monitor the budget but they can also interview new staff.

    • Word count: 2009
  3. Business Purposes of companies in different sectors of the economy.

    The company's primary goal is to stay ahead of the curve, anticipating the environmental, safety and cost control issues facing the automotive sector and staying effective and sustainable. ArcelorMittal has share ownership. As in 2009, the aggregate beneficial share ownership of ArcelorMittal directors and senior management (31 individuals) total of 1,887,008 shares. ArcelorMittal is a public limited company; the company has number of stock exchange in the New York, Amsterdam, Luxemburg and Paris etc. as its public limited company and receive a division for their investment. The company employs more than 263,000 people worldwide, so this makes them large organisation.

    • Word count: 2266
  4. Organisation, structure and objectives of Tescos and Victim Support.

    Often the team will only exist for the duration of the project and matrix structures are usually deployed to develop new products and services. These are temporary structures that are mainly used by either an individual or a group of team members working together on a project. Once the project is finished they might just go onto starting a new project elsewhere. (Such as a building organisation). Source: http://www.wior.uni-karlsruhe.de/LS_Neumann/Lehre/WS2004/PMS/matrix_organization.gif � Lines of communication: The meaning of lines of communication refers to the different types of communication an organisation has within their business.

    • Word count: 2880
  5. This report will be based on a local newsagent in Tottenham. "What is the most important enterprise skill needed by the owner of the business you have chosen?"

    Appendix 7 is a table which shows question 5 from the questionnaire in a more organised, neater and easier to analyse form. I will go into more detail about the purpose of these appendices later on in this report when I go into more detail about them. I intend to reach a conclusion to the main question of this report by using my appendices to help me by the end of this report. Newsagent Introduction Using Visual Information (Appendix 1 - 2)

    • Word count: 2337
  6. Types of business ownership, starting a business, multinationals.

    * Entrepreneur decide if he can manage alone before choosing the sort of business * More entrepreneurs: different skills, new ideas etc. Question 3: Will I risk everything I own? * Owner's Liability: responsibility - find money to pay the firm's debts * Entrepreneur decide if he is willing to risk all his savings & possessions on his business - influence the type of business chosen * Unlimited Liability - if the business goes bankrupt, owner/s have to pay all the debts i.e.

    • Word count: 2949
  7. Fish and Chip Shop Business Plan Outline

    This isn't consistent throughout the industry, however, so a good business will have its own very high standards. Broadly, it's about brighter, spotlessly clean shops, well-trained and pleasant staff, good economic practices - and most importantly a flawless product. Vinegar soaked newspaper wrapping no longer meets customer expectations and when 70 to 80% of your business is repeat, this is very important. And it's important to make the most of the product you have. Arthur Parrington is the national training co-ordinator for the National Federation of Fish Friers (NFFF): "There have always been a lot of poor quality fish and chip shops but if a shop is clean and bright with the right attitude it will hold its own.

    • Word count: 2026
  8. Tesco - Functional Areas

    In order for Tescos to attract more and more customers, they need to advertise their promotions. For example, Tescos have introduced a new healthy living range; they would need to promote this by advertising on banners, T.V adverts or on the radio. They would try to make it sound really interesting and make it look good on images. Also they would make it a reasonable price at first when it comes out, then they would gradually make offers such as 'buy one get another free' or even raise the price a little bit more. Marketing in Tescos have now expanded in their business as they have introduced more things such as car insurance, loans, mortgages and

    • Word count: 2661
  9. Task 3 - Functional Areas of Tesco

    The have produced a Value range of products which are aimed at customers with little income. They also have a Finest range of products which are aimed at customers with high income. Other product ranges that Tesco produce are Organic, Healthy Living and Low Fat. The marketing function uses this process so that different ranges of their products appeal to all people with different incomes. These different types of products are also used to suit customers' needs whatever their income is. They have produced a 'Clubcard' scheme where each customer is issued with a small swipe card which can be used at Tesco.

    • Word count: 2478
  10. Report on Contrasting Organisations

    Research: For this report I have decided to talk about one company in the private sector and another one in the public sector. Therefore I have chosen Sainsbury's and NHS as I thought these companies were very popular, which would facilitate my research about them. I will be getting most of the information I need from the internet through their own websites and forums, as well as considering what I already know about them. I may also use books or leaflets to help me add more quality to this report.

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    Things that went well in our group work: We all contributed and shared our excellent ideas to each other We showed that we have outstanding communication skills Everyone worked as a team and didn't feel shy to suggest any ideas. If anyone wasn't agreed with something, they didn't start shouting and abusing each other, instead they were calm and made the other person understand their view about that thing. Things that didn't quite went well in our group work: The problem we faced in our group work was: We sometimes didn't quite know what to say or suggest.

    • Word count: 2262
  12. OCR Nationals Award Business Studies - Task 1

    Advantages * A sole trader is easy to set up because all they have to do is inform the Inland Revenue and the permission from Department of Social Security. * They can easily make any decisions they want for the business because they are the only ones who are in charge. * All the profits that are gained can go to them because mainly they are the ones who have organised, run and have made decisions for the business. * They have an easy chance to change into any other business example being a private limited company.

    • Word count: 2806
  13. Business Stakeholders

    Internal stakeholders are directly affected by the activities of the business. External stakeholders in a business include suppliers, customers, communities, pressure groups, financiers and the government. These people have an interest in the business but are not part of it. All shareholders in a business are stakeholders. They may be internal or external stakeholders depending on whether or not they also work in the business. 1. Customers - Customers are seen as the most important stakeholder groups in most businesses. This is because without the customers how will they make break even let alone making profit.

    • Word count: 2353
  14. Functional Areas

    Also all businesses receive information daily, in many different ways. This must be dealt with quickly so that customers and suppliers receive prompt answers. * Marketing / Sales - They are responsible for making sure customers know about the business. This may include market research, advertising and sales promotions, the creation and development of a website or web store. The sales department is responsible for selling the items to the customer and keeping sales records. * Research and Development - Unless a business is continually expanding and developing its range of products, it cannot succeed.

    • Word count: 2733
  15. Business Coursework - investigating communication in local organsations.

    The Questions I Analysed & Asked: - What Sort Of Communication Do You Prefer? - What Sort Of Communication Do You Use Most Often? - What Do You Think Can Solve These Issues? - Who or What Do You Think is Responsible for Miscommunication? After analysing I decided to complete the theory part of my coursework, this took up the majority of the information and explanation of the coursework; I done this after my analysing because I wanted to try to link what I analysed with my theory.

    • Word count: 2350
  16. Free essay

    Business Ethics

    In addition, manager must consider- and try to control- the possible effects of their decisions on the community at large. It is only recently that business has become aware of how it affects individuals and the whole society. The lassez-faire business environment of the nineteenth century promoted the belief that almost any practice that increased profits was, in the long run, good for the country. The result was cutthroat competition, fraud, deceptive marketing, price and market manipulation, worthless and dangerous products, exploitation of workers, and other practices that today are considered unethical.

    • Word count: 2497
  17. Job roles and contracts at Alton Towers

    You will also be advised to motivate the team through daily briefings, personal coaching, are regular performance reviews. In this job you'll keep a close eye on ride efficiency and continually seek to improve the customer offering on day-to-day basis. With this job you will be expected to put ideas forward to improve customer service, and try to lower all business costs. As an assistant manager for rides, you will be expected to run a team through ride operations, (experience of running a rollercoaster).

    • Word count: 2105
  18. people in organsation

    Personality is key to this job as you will have to work closely within a team. We are looking for a lively personality to fit in with a hard working team. Qualifications: You should have minimum grade B in English and Maths GCSE. Typing should be a minimum of 45-50wpm. You should be computer literate and adept in using Outlook, MS Word, and Excel. Starting salary �21k Location London Job type Permanent Contract Length N/A Salary / rate �21 000 per year Start date Pass 3 The following are the terms and conditions of employment in a selected organisation: Contracts of employment A legal agreement between employer and employee that states the terms and conditions of employment eg.

    • Word count: 2350
  19. Busnies management

    * Shopping products These are products where the buyer wants to compare quality, price and style before he/she buys it, for example jewelry or clothing. The buyer goes around looking at the various places offering the product to get information on the product, because they hardly ever have enough information on a product to just go to one shop and buy the product.

    • Word count: 2410
  20. UNIT 11- Own business

    Potential Competition As I mentioned before there aren't enough mobile phone shops on the location where I have chosen my business to be, so there will not be much competitions. In order to make good money I will have to find a suitable area and make the start off price cheaper then slowly increase them as the business gets attracted to more customers. To attract the customers I will be giving out special offers and I will try to give customers a good service.

    • Word count: 2085
  21. the green team

    Some of the environmental footprints are * Water/energy conservation * Reusable/renewable energy * Recycling * Green purchasing Other teams are large and more formally organized and may have large goals and objectives such as reducing and tracking the company's carbon footprint. Larger teams mainly focus on * Finance * Facilities * Procurement * Improvements to buildings * Renewable energy sources * Production facilities Using Energy(green teams) by Sally Hewitt 2008 TASK 1 Research undertaken via Internet websites for assignment is as follows.

    • Word count: 2389
  22. developing customer releationships

    Clothes are a very big need because they need something to keep them warm. Wants: When a family goes to Disneyland they want everything. They want to go on all the rides and meet all the characters to shake there hands and to take pictures. They want to eat nice foods e.g. ice cream, candy floss, and all sorts of other fast-food. The children want toys e.g. teddy bears and other prizes which can be won. They would also like to watch the night parades and go to the theatres where they can watch the movies in 3d wearing the special effect glasses.

    • Word count: 2157
  23. Setting up a small or medium sized business.

    By launching Brown coffee Lounge in the city market we maximize our potential for success due to several factors: * Local population. * Year-round tourist activity. The highly wealthy * Excellent auto and pedestrian traffic by our location. * Prime site location. Brown coffee Lounge is located at what is arguably one of the best locations for a coffee shop in the city of London - in the heart of the tourist and business district, adjacent bank headquarters, plenty of restaurants and Liverpool Street railway and tube station, next to ABN AMRO HQ and just steps from the busiest intersection in the City of London, Liverpool Street station.

    • Word count: 2601
  24. the Use of ICT in Business

    Using Word was very efficient for my business because I could get work done quickly and easily, and I could also change formats when required; for example making font sizes bigger to emphasise sections or underlining important areas to make them more noticeable. Within my business I used Word on every assignment at least once, especially when creating reports and analysis for example on my cash flow forecast analysis. It allows me to complete reviews on work easily allowing me to see what I a have done, and it is also useful when other people look at them as they

    • Word count: 2236
  25. Business Unit 1 - Aims and Objectives

    The group also has interests in property and banking. Sainsbury's was founded in 1869 by John James Sainsbury and his wife Mary Ann (n�e Staples), in London, England, and grew rapidly during the Victorian era. It grew to become the largest grocery retailer in 1922, pioneered self-service retailing in the UK, and its heyday was during the 1980s. As a result of being complacent during the 1990s, Tesco became the market leader in 1995, and ASDA became the second-largest in 2003, demoting Sainsbury's into third place.

    • Word count: 2418

Conclusion analysis

Good conclusions usually refer back to the question or title and address it directly - for example by using key words from the title.
How well do you think these conclusions address the title or question? Answering these questions should help you find out.

  1. Do they use key words from the title or question?
  2. Do they answer the question directly?
  3. Can you work out the question or title just by reading the conclusion?
  • Compare & Contrast 2 Businesses

    "CONCLUSION: in my word the market nature of the business is really important to the business it helps the business to meet it aims and objections. The consumer laws also help the business to know their right towards their customers in that part of the business. Most of the success depends on the location and most of tescos shops are located in the right place. And with the minor business it has to make sure they treat their customer's right because there a saying that "customers are always right" and they must abide with the consumer laws of the business or they might go out of business."

  • Analyse the relationship between job roles, functions and an organisations structure, using appropriate illustrative examples.

    "Conclusion – what does a correctly organised structure allow the organisation to achieve? ________________ An organisation can be structured in many different ways, depending on their objectives. The structure of an organisation will determine the modes in which it operates and performs. Organisational structure allows the CEO of Tesco allocates responsibilities for different functions. Also a high correctly organised structure allows the organisation to achieve their aims and objectives this is because a structure easily allows the aims and objective it clearly shows what needs to be achieved by each functional area. ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ ________________ Mrs Watterston Edexcel Business BTEC Level 2 2010/2011"

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