External organisations
Businesses come into contact with a range of external organisations, including:
CompetitorsSuppliers of services e.g. transport and communications suppliersProviders of assistance e.g. advisory bodies such...
Vision
Thevision of a company is an outline of what that company wants to achieve. A vision needs to promote aspiration and inspirestakeholders, both internal and...
Ownership
The owner of a business is the person who owns the business - i.e. has put the financial capital into the business and takes...
Types of businesses
The main types of business organisation in the private sector are illustrated in the chart below:
Criteria For Judging The Success Of Business
Businesses come in...
Types of business organisations
Types of business organisation
The main types of business organisation in the private sector in the UK are:
sole traderspartnershipscompaniesfranchises.
The sole trader
The sole trader is the...