Monday, 3 June 2013

Unit 1 business purposes


Unit 1 business purposes

P1: identify the purpose of 4 different business organisations 
Public, private and NGO/charity sectors all need to be covered plus one of your choice
= to make profit for owners etc

P2: link the type of ownership to size and scale of the businesses
Use the businesses from P1
Sole traders = small only one owner/employee, low turnover (money through business) only one branch site so scale = small

Plc = usually large may have 1000's of employees, may have billions of £ in turnover and thousands of shops = large scale 

Pictures from the whiteboard taken today covering P3,4 and P5 and M1 and M2