Business Ownership in the Private Sector. Is this man associated with public or private sector?. Structure - Hierarchical. Group Managing Director. Robin Hill Park Manager. Assistant Park Manager. Head of Maintenance. Head of Catering. Head of Rides. Administration Staff.
Is this man associated with public or private sector?
Group Managing Director
Robin Hill Park Manager
Assistant Park Manager
Head of Maintenance
Head of Catering
Head of Rides
Human Resource Department (Based at Blackgang)
Most businesses in Britain are owned by private individuals. They range from small enterprises like a taxi firm to large organisations such as British Airways. They can be owned in the following ways:
Unlimited companies include: Sole Traders and Partnerships.
Limited companies include: Private Limited companies and Public limited companies.
For all 5 types of ownership complete 2 tasks:
Task 1 – Create a table of advantages and disadvantages of that form of business.
Task 2 – Find an example business of that form.
Task 3 – Why is that Business a sole trader (or whatever form of ownership they may be)?
See sole trader example below.
Vectis Ventures Ltd – Private Limited Company
Features of Ltd’s:
-Details of the nature, purpose and structure of the company
- Details of the internal rules of the company
Shareholders have limited liability – can only lose what they agreed to put into the company – no personal liability
Green: 1a, b, f (use Vectis Ventures Ltd),