igcse business studies 1.1.1 the purpose of business activity
TRANSCRIPT
IGCSE Business Studies
1.1.1 The purpose of Business Activity
Learning Outcomes
• Demonstrate awareness that different business activities pursue different goals
• Understand the reasons for the existence of these different goals
Types of Organisations
Ownership Types
Private Sector Public Sector
Unincorporated
•Sole Trader
•Partnership
Incorporated
•Private Limited Company
•Public Limited Company
• Public Corporations
• Public Services
• Local Authorities
Profit Non-Profit
• Charities• Trade Unions• NGOs• Social
Organisations• Advocacy Orgs
Private Sector Organisations(Public Enterprise)
What are they?• Organisations owned and controlled by private
individuals and organisations
Likely Objectives?
- To survive in a competitive market- To maximise their profits- To make returns for their shareholders (dividends)
Public Sector Organisations(Private Enterprise)
What are they?• Organisations owned and controlled by the state
or governmentObjectives• • Provide an essential service
• Provide it cheaply or free of charge, therefore it is available to everybody• They are generally beneficial to society.
Types of Public Enterprises…
• Transport• Education• Healthcare• Leisure • Mail?????• Utilities• Banking
Questions….
• What is Privatisation?• What are the benefits of Privatisation to:– Governments– Consumers
• What are the disadvantages of privatisation?
Questions….
• Why does the public sector exist so some extent in all countries?
Non Profit Organisations
What are they?• Non-profit (not-for-profit) organisations are formed for
the purpose of providing goods & services under a policy where no individual will share in any profits or losses of the organisation
Objectives and examples•
Lets find out…….
Research Task….. 5 mins
• Each pair will research a different organisation. You will look on their website and summarise in 100 words.
• What the organisations aims are• Examples of what the organisation does
• Then it will be feedback time…..
Non-profit organisations
• Greenpeace• Amnesty International• Young Focus• PETA• Carbonica• BSM• Wateraid• USA Waterpolo inc• Bill and Melinda Gates
Foundation• National Trust
What is this cartoon implying? Do you agree?
Task- 5 mins
• Open the document• ‘Private, Public and Not-for-Profit
Enterprises’• Fill in the table