P1   Describe the type of business, purpose and ownership of two contrasting organisations                

 

Unit 1 - Assignment 1

 

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In this assignment you should choose two contrasting businesses

 

Private business Government business Not for profit/voluntary

Sole trader

Partnership

Private limited company

Public limited company

Franchise

Local Council

Government departments

Public sector e.g.

  • Fire service

  • Police

  • Education

  • Healthcare trusts

  • Post Office

Charities

Primary, secondary or tertiary sector

Choose 2 businesses but not from the same box

Tasks

a)  Write a BRIEF introduction to each business to explain what it does. 

  • You can also write about the competitors (if any) and the market share of the business where relevant. 
  • You can state what the business's profit and sales figures are over the last 5 years/income and expenditure figures. 
  • You can say how big the business is by stating the number of employees.

b)  Describe the sector it operates in. 

  • You should use graphs from the introductory activity to support your explanation. 
  • You can show what is happening to the sector(s) that your businesses operate in. 

c)  Explain in detail the type of ownership that the two businesses have. 

  • You should include an explanation of the advantages and disadvantages of the type of ownership and say why this type of ownership suits the business

d)  Explain each businesses activity

  • e.g. local, national, international, global, public, private, not-for profit/voluntary

e)  Explain the purpose of each business. 

  • Purposes could include:
    • how products and services may be supplied
      • for profit
      • at cost
      • below cost
    • how businesses supply products and services to
      • consumers
      • other businesses
      • central and local government agencies in response to demand.  

 

                  

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