International Marketing (CP-3204)
TOPIC-PUBLIC SECTOR TRADING AGENCIES
Prof. H. Ramananda Singh.
DBA, Assam University
Mou Roy Sec-B(44)
The public sector, sometimes referred to as the state sector or the government sector, is a part of the state that deals with either the production, ownership, sale, provision, delivery and allocation of goods and services by and for the government or its citizens, whether national, regional or local/municipal. Examples of public sector activity range from delivering social security, administering urban planning and organizing national defense. The organization of the public sector (public ownership) can take several forms, including: * Direct administration funded through taxation; the delivering organization generally has no specific requirement to meet commercial success criteria, and production decisions are determined by government. * Publicly owned corporations (in some contexts, especially manufacturing, "state-owned enterprises"); which differ from direct administration in that they have greater commercial freedoms and are expected to operate according to commercial criteria, and production decisions are not generally taken by government (although goals may be set for them by government). * Partial outsourcing (of the scale many businesses do, e.g. for IT services), is considered a public sector model.
AIMS OF PUBLIC SECTOR:...