UB T2 Types Of Organisations Flashcards Preview

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Flashcards in UB T2 Types Of Organisations Deck (9)
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1

Private Limited Companies
Ltd
Private sector

- OWNED by shareholders
- CONTROLLED by board of directors
- FINANCED by
- limited liability
- aims to maximise profits
-public cannot buy shares

2

Public Limited Companies
PLC
Private Sector

- OWNED by shareholders
-CONTROLLED by board of directors
-FINANCED
- limited liability
-aim to dominate the market, increase market share & value
-public can by shares

3

Franchise
Private Sector

-OWNED by franchiser
-CONTROLLED by franchisee
-FINANCED
-aims to maximise profits

4

Multinationals
Private Sector

Globalisation

5

Central Government
Public Sector

-aim to provide a quality service

6

Local Government
Public Sector

Financed by tax
-aim to provide quality service

7

Charities
Third Sector

Raising money to benefit others
Controlled by board of trustees

8

Voluntary Organisations
Third Sector

Aims to provide a service for their members

Controlled and run by elected committee w/ help of volunteers
Financed by subs

9

Social Enterprises
Third Sector

Aim to make a profit to benefit a specific group