Different Size Local and International Businesses
Unit 1
Describe the different size businesses, local, national +international – with examples
A business is an organization that trades goods and services to customers. However local business is a business that trades in its limited area e.g. the town. Local businesses vary in size as not all are the same some are big some are small. An example of local business is fisheries, engineers and newsagents.
A national business is when it’s based in one country but can also ships all over the world for example the royal post and Elf an online beauty shop. This alleviates it from a local business. It mainly trades in just one country.
An international business is when it has the same shop abroad in many companies with many different customers. An example of this is Tesco, Walmart and marks and Spencer’s.
Describe the three different sectors businesses operate in – private public and not for profit – with examples
A private sector is owned by a private person. The main aim is to make profit. Owners have 100% authority of making decisions and what they spend their money on. Private sectors usually want to grow to gain profit. They’re main purpose is to negotiate on services and developing relationships with other businesses to help benefit theirs. For example public limited companies are actually private sectors but are called public because anyone can become a shareholder. Examples of theses are: Cinemas, Banks and supermarkets.
A public sector is made up of organizations that are only interested in public services. They are owned by the government and are in the public sector because they are funded through taxis. The organisations are paid for by the general public. The services are the interests of which the public need so therefore are not private. To name a few there are: Schools, Hospitals, Libraries and Leisure centres.
Describe the different size businesses, local, national +international – with examples
A business is an organization that trades goods and services to customers. However local business is a business that trades in its limited area e.g. the town. Local businesses vary in size as not all are the same some are big some are small. An example of local business is fisheries, engineers and newsagents.
A national business is when it’s based in one country but can also ships all over the world for example the royal post and Elf an online beauty shop. This alleviates it from a local business. It mainly trades in just one country.
An international business is when it has the same shop abroad in many companies with many different customers. An example of this is Tesco, Walmart and marks and Spencer’s.
Describe the three different sectors businesses operate in – private public and not for profit – with examples
A private sector is owned by a private person. The main aim is to make profit. Owners have 100% authority of making decisions and what they spend their money on. Private sectors usually want to grow to gain profit. They’re main purpose is to negotiate on services and developing relationships with other businesses to help benefit theirs. For example public limited companies are actually private sectors but are called public because anyone can become a shareholder. Examples of theses are: Cinemas, Banks and supermarkets.
A public sector is made up of organizations that are only interested in public services. They are owned by the government and are in the public sector because they are funded through taxis. The organisations are paid for by the general public. The services are the interests of which the public need so therefore are not private. To name a few there are: Schools, Hospitals, Libraries and Leisure centres.