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BTEC L3 Ownership recap
Transcript of BTEC L3 Ownership recap
Private limited (ltd)
BUSINESS IN THE PUBLIC SECTOR
1) Review Business ownership types
2) Consider how a business might want to change its ownership structure over time
3) Group to think about how the size of a business is measured.
4) Explore the three industrial sectors
Unit 1 - The Business Environment
Tutor - Holly Reynolds
Charities (local or national/international)
Social Enterprises (have social objectives)
A business controlled by the state/government to provide services to the people locally and nationally.
Number of employees and size of organisation
1 - 99
100 - 249
MEASURING THE SIZE OF THE BUSINESS
THINK OF 4 ways you could judge the size of a business
Number of stores
Retail floor space available
Includes all government departments and agencies
THE PRIMARY SECTOR - Takes natural resources from the earth. The extraction of raw materials and the growing of food.
Can you think of 4 examples of primary sector industry.
The secondary sector - The processing, manufacturing and construction of raw materials into goods.
The tertiary sector- the sector concerned with retailing the completed good or service to the end consumer
TAKE YOUR ALLOCATED PRODUCT THROUGH THE THREE SECTORS
1) Where has it started and how is it collected?
2) How is it likely to be processed? What type of factories / settings?
3) What is your end product and where might it be sold
Last Week - We explored the concept of Range and Purpose of organisations.
This can be by geographical location or by the business environment sector a company is based in.