Unit 1 Assignment 1 P1.  Businesses are split into different sectors, these include;  Public Sector- These are businesses run by the Government.

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Presentation transcript:

Unit 1 Assignment 1 P1

 Businesses are split into different sectors, these include;  Public Sector- These are businesses run by the Government.  Private Sector- These are businesses set up by a private individual/ group of individuals  Voluntary Businesses- These are businesses that are set up to help others.

 Within each sector there are a range of different businesses  NHS  Police  Fire Service

 The private sector is split into different types of businesses, ranging from small to large. Each type of business has different characteristics.  PLCs  Sole Traders  Ltd  Franchise  Partnerships

 Primary  Secondary  Tertiary  Mwf4 Mwf4

 What is the main reason the business exists?  What is the businesses main activity?  To make a profit- McDonalds/ garage  To provide a service- NHS/ POLICE/ FIRE SERVICE  To help others- cancer research/ British heart foundation/ NSPCC

 By size  By scale/ location  By economic sector  By industrial sector  Using Home bargains as an example, explain each of the above points. Use research and full explanations to support your statements.  Reference all of your research with the date accessed and the website.

 You will need to choose two contrasting businesses that exist in Folkestone, this could be two businesses in different sectors OR two businesses in the same sectors with different ownerships.  Begin your article for the Folkestone Herald by introducing each company. Research using the internet how the company started and some brief history

 You then need to describe the ownership of each business. Make sure you clearly describe the ownership and give reasons why.  What are the advantages and disadvantages of each type of ownership.