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Assignment on Business Sector

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Added on  2021-02-19

Assignment on Business Sector

   Added on 2021-02-19

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Assignment on Business Sector_1
Table of ContentsINTRODUCTION...........................................................................................................................1MAIN BODY ..................................................................................................................................1REFERENCES................................................................................................................................4
Assignment on Business Sector_2
INTRODUCTIONThere are wide range of business within organisational sectors those who perform theirbusiness for a purpose (Teasdale, 2012). There are mainly three types of business sector namelyindividual proprietorships, partnerships and limited liability companies or corporations.MAIN BODY Within first form of organisational sector, it is mainly managed by sole individual thathold entire business operations. While in the second form of business organisation which ispartnership firm there managed and controlled by two or more than members and are managedby partners themselves. In this profits are received as per the shares that are contributed ordistributed by partners. In addition with this, whenever any business partner leaves or any newmember added it is essential for partnership organisation to reconstitute firm. While in the thirdform of business organisation, which is limited liability company it is mainly a incorporatedgroup of individuals. This form of business sector is legally separated from individuals. All theform of business organisation mainly perform their business operations for particular set ofpurpose and motive. As organisations those who perform their business in private sector mainlyconduct their operations for profit motive. While, individual proprietorships organisationsoperate their functions mainly for livelihood. Further this has been ascertained that sources offinance of sole traders is mainly from owners savings, profits, bank loans as well as overdrafts.While in within partnership major source of finance is loans and overdrafts from banks, partnerssaving and profits. Thus, as per the above mentioned analysis this has been ascertained that thereare multiple number of organisational types within range of business sector those who effectivelyperform their operations for different set of objectives as well as purpose. As it has beenidentified that The private sector organisation mainly operate their functions for profit motivealong with the benefits of their shareholders (Antonioli, Mancinelli and Mazzanti, 2013). Inaddition with this one of the major purpose that has been hold by private sector organisation isthat they, seek to achieve maximum revenues while controlling costs. Along with this, thisbusiness sector mainly focused upon selling goods and services that are coupled withorganisational efficiency. It has been further evaluated that businesses greatly differ in their workcultures as per dependency of the industry sector within which they operate their operations. Inprivate sector business organisation there are wide range of business opportunities that makes1
Assignment on Business Sector_3

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