2. Since different businesses attempt to do different things, different types of people are responsible for starting them in the first place. In all, 3 main types of businesses (organisations) need to be considered. These are: Public Sector Organisations Private Sector Organisations Voluntary Sector Organisations (eg Charities)
5. The 2 most important parts of the State are:- Central Government Local Government
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8. The Public Sector is a Provider Producer Buyer PROVIDER The Public Sector in the UK provides a large range of services. Part is provided free of charge to consumers (like School) and prices are charged for others, eg entrance fees to swimming pools and sports facilities.
9. PRODUCER The Public Sector produces some of the goods and services like education and health care. BUYER The Public Sector buys in products to help it provide various services, eg tanks (defence), road building services, equipment for parks etc
10. PUBLIC CORPORATIONS These are companies that are owned by central government. A government minister appoints a chairperson and board of directors to run the company on the governments behalf. Public corporations include the BBC and Royal Mail . Public corporations receive grants from the government and also raise finance from the public. The BBC charges the public for a TV licence.
15. OWNERSHIP Voluntary groups are not owned by any individual people. However, someone will be responsible for ensuring that it sets targets and budgets and does what it is set up to do.
16. PURPOSE In most instances they try to help particular types of people, eg guide dogs for the blind, Oxfam etc
17. SURVIVAL In order to survive they normally must at least break-even (ie spend no more than they take in through fundraising , grants and donations etc)
