Unit 1 -- P1 Business level three or more

 Essay in Unit 1 - P1 Business level 3

Unit 1-P1

Organization Ownership.

There are several different types of organization ownership which can be most commonly used in business' and company's today, these include; Cooperative which is a organization owned by simply its personnel, Partnership the business possessed by among 2 and 20 people, Private limited which is a business owner by a tiny groups of those who shares and a Public limited organization is owned by personal individuals by simply shares bought and sold on the stock exchange. A charity is a business with the purpose to ensure that the public, the government is a organization owned by the government and finally a singular trader the industry business possessed by just one person.

The ownership of Tesco's is known as a Public Limited Company in which the shareholders are protected by simply limited the liability. This means if the company entered liquidation the consumer would only loose the actual had covered in shares and they may not be liable for any of Tesco's debts. The ownership with the Dartford Area Council is usually public owned they make the decisions toward maintaining their particular area, furthermore the authorities is funded by the persons of Dartford when they pay out their tax.

Different businesses have another type of purpose, it can be; to help others/the environment, promote products, generate income, or even personal ambitions. Tesco has become a huge company constantly satisfying the population by selling many to the community public that they can will need for daily lifestyle making an astounding £105 profit a second! The purpose of the Dartford Borough Authorities is to maintain the Dartford region and to help to keep Dartford to its requirements money used to help the area will be in the public fees.

Primary production is attaining raw materials. For instance , metals and coal have to be mined, petrol drilled from the ground, rubber tapped from trees, foodstuffs farmed and seafood trawled. This really is sometimes called extractive creation. Secondary creation is the making and assembly process. It...

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