Differences between types of organisations
Sole trader: is the simplest way to run a business - it does not involve paying any registration fees, keeping records and accounts is straightforward, and you get to keep all the profits. However, you are personally liable for any debts that your business runs up, which make this a risky option for businesses that need a lot of investment.
Partnerships: consist of two or more partners who are both responsible for the business. They share assets, profits, liabilities, and management responsibilities for running the business. General partnerships are formed by individuals. They are taxed in the same manner as a sole proprietorship, meaning that each partner includes business income on his or her personal income tax return. A limited company: is a company in which the liability of the members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. And the former of these, a limited company limited by shares, may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast anyone may buy shares in a public limited company. Public Sector: organisations are owned and controlled by the government or local government. They aim to provide public services, often free at the point of delivery e.g. the NHS and the police force. About QVC
QVC is a virtual shopping centre where customers can shop for quality merchandise 24 hours a day, seven days a week via television, telephone or computer. Their goal is to exceed the expectations of our customers by offering unique and innovative products which are matched in quality and value. To do this, they source products in the United Kingdom as well as every continent on the globe except Antarctica. Reaching over 22 million UK Homes, QVC broadcasts 24 hours each day - live from 9am to 2am. In 2007,
QVC employs over 2,000 employees in the UK split over two sites: Battersea in London, and Knowsley, just outside of Liverpool. Battersea is home to the Broadcast Centre and main offices; Knowsley houses the Distribution Centre, Call Centre and Warehousing. Future Goals
•Being leaders in our market
•Delivering a great customer experience
•Excelling at our processes
•Creating a great place to work
With 2007 net sales topping £352.6millionand an increase of 6.5 percent over the previous year QVC UK is one of the top five TV shopping channels in the world. UK facts
•QVC UK sales were £359.7 million in 2008
•QVC UK handled 15.2 million phone calls and shipped 13.9 million units in 2008 •QVC UK is carried on satellite, cable and digital platforms throughout England, Scotland, Wales and Ireland, reaching 22.8 million homes. The channel broadcasts 24 hours a day, seven days a week, with live programming from 9am to 2am Global facts
•QVC reaches 166 million homes across the globe
•In 2008 QVC shipped more than 160 million units worldwide •QVC employs more than 17,000 people worldwide
About Home Shopping Network (HSN)
HSN, Inc. is a $3 billion interactive multi-channel retailer with strong direct-to-consumer expertise and operates two business segments, HSN and Cornerstone. HSNi offers an innovative, differentiated retail experience on TV, online, via mobile, in catalogs, and in brick and mortar stores. HSN delivers an assortment of exclusive products and top brand names, and broadcasts live 24 hours a day, seven days a week, 364 days a year, reaching approximately 96 million homes. HSN.com is a top 10 most trafficked e-commerce site that creates a unique experience by leveraging content, community and commerce. In addition, HSN is an industry leader in transactional innovation, offering services such as HSN Shop by Remote, mobile...