TOPFEEDBACK24 - UNIT 1 BUSINESS ENVIRONMENT

Business –
Types
Purposes and
Scope

Types and Purpose
 Public Sector
It refers to companies for the common people
regulated by the government. Mostly the
companies are service oriented. There are various
organizational structures, Divisional Structure,
Horizontal Structure , Vertical Structure.

• Private Sector
They are well reputed business firms managed by
private people through partnership, sole-trading
and franchise. Profit increase and market survival
are the sole aim.

Non profit
organization
 As the name suggests it does not work for profit
of the organization. The organization is made
for the betterment of the society. It is basically
dedicated to the social cause or the issue which
is prevailing in the society