Business Operations : Business Operation

There are three different sectors: primary, secondary and tertiary. Primary sector is from where the products are being

A private sector is usually composed of organisations which are privately owned and not part of a government; whereas a public sector is composed of organisations that are owned by the government and voluntary sectors are composed of individuals of who seek help in charitable activities. Private sectors include corporations such as partnerships and charities, like the voluntary sectors, and the public sectors include corporations such as federal, provincial, state or municipal governments. An example of a private sector is a retail store or credit unions, and example of a public sector is an educational or

The primary difference between public and private sector businesses is who they for. Public sector employees are who those work for government.  An example of public sector would be public schools. The purpose of schools is that they provide education for the young people and public schools are funded by government to offer education to students. I chose public schools business they are from public sector and because they use government funding to offer education to the children. Public schools offer free education and they are

Businesses and industries that are not owned or controlled by the Government. Private Sector organisations operate privately to make a profit with income generated from the sale of their products or services. Although many private sector firms are owned and controlled by individuals, many are owned by groups of people; for example, companies may be owned by shareholders, who have invested in that company.

Qantas is Australia’s largest domestic and international airline. Although Qantas is primarily a passenger airline, air freight is also an integral part of its core business. Other Qantas operations include catering, tourism and E-commerce devoted to transport and travel. In order to have an effective business and operations process, a company, like Qantas must be aware of the influences that can affect it. By being aware of the influences it enables the business to make decision and choices that can get the most out of each influence, by doing this it can assist the business in its endeavours for success.

Such industries that provide services and/or good to the economy to sell, trade, make profit would include the:

IDENTIFY AND REVIEW THE RELEVANT RANGE OF OPERATIONS AND THE SPHERE OF BUSINESS ARRANGEMENTS OF THE ORGANISATION

The three main types of private businesses are Sole Traders, Partnerships and Private Companies. Business that are owned publically (they are listed on the Australian Securities Exchange (ASX) are called Public Companies.

The economy system was the way they produced and exchanged goods. There are four types of economies, them being the Traditional economy also known as a “barter”, Command economy also called a planned economy, Market economy which is also called a demand economy or capitalism, and a Mixed economy. The economic activities being in levels are Primary, Secondary, Tertiary, and Quaternary activities. The more developed the country the greater number and activities. There are also natural resources such as renewable, non-renewable, and inexhaustible energy sources. Those play a major part in the world trade, the value of natural resource depends on the quality that makes it useful. The economic support systems infrastructure consist of the basic support systems needed to keep the economy going. The infrastructure must be sophisticated to be a more developed country. Measuring the economic development is in per capita income, and is measured by gross natural product or by the second statistic gross domestic product. Countries around the world have different levels of economic development. Developing nations countries lack industrial base and struggle, as developed nations countries are with a high per capita income and varied

Primary sector is raw materials for example coal, metals and fruit. This is everything is extracted and shipped of to factories.

Private enterprise means that the individuals own the businesses. In a market economy, entrepreneurs can start any legal business that they wish. The government is not allowed to own a business, only the individuals are allowed. Those businesses then must take part in competition among themselves.

There are two types of businesses, private and public. The difference between public companies and private companies is their ownership. Private held companies are under control of a single or group of shareholders when public companies are owned by the government.

Private Sector Organizations: Private Sector Organizations operated and owned by the private individual instead of government and usually aimed to make profit for its shareholders. Around the world the most business activities are in private sectors. Some of the well – known private sectors organizations are: Coca-Cola, Google, and Amazon.

When we examine public sector versus private sector, plenty of differences come to mind. In defining each, we learn a private sector in an economy consist of all businesses and firms owned by ordinary members of the general public. It also consists of all the private households in which people live. The public sector in an economy is owned and controlled by a government. It consist of government businesses and firms and goods and services provided by the government such as the national health service, state

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.