Describe the type of business, purpose and ownership of two different businesses. Describe the different stakeholders who influence the purpose of the two different businesses.
Examples of two types of businesses that are different from each other are Kings Oaks Academy and McDonald. There are two types of sectors; private sector and public sector, and different ranges of ownership: local, national, international, and global business. Businesses also falls under 3 sector which are primary sector, secondary sector, and tertiary as well as the different types of ownership which are sole trader, partnership, limited companies, co-operative private limited companies and public limited companies and franchises.
Kings Oaks Academy falls under the public Sector because its owned by the government making it a local business and its also falls under the territory sector because of the service its provides whereas McDonald falls under the private sector and it’s a global business meaning its available around the world the reason why the two businesses are different from each other is because one is run by the government and the other is run by the sha56tygfvreholders I will explain in more details as I go along.
Kings Oaks purpose is not to make profit but to provide service through educating; because the school in a partnership with other High schools the government funds the school which allows the school federation to share the money equally to the schools another purpose why the school run is to invest and prepare the younger generation for the future. The people who influence the business are staff, students, local community, parents and the government, all these people get affected if the business is successful or if the business fails so the business has to put all these people in consideration.
Whereas McDonald’s purpose is to sell the best food for people to buy so the business can make profit which allows the business to expand as well as