BTEC Level 3 Business Unit 1 Assignment 1

BTEC Level 3 Business Unit 1 Assignment 1 P 1

Business Size

Business Scale

Business Ownership � 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.

Public Sector � Within each sector there a range of different businesses � NHS � Police � Fire Service

Private Sector � 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

Classification of Business � Primary � Secondary � Tertiary � http: //www. youtube. com/watch? v=8 KDx. AWf Mwf 4

Business Purpose � What is the main reason the business exists? � What is the businesses main activity? � To make a profit- Mc. Donalds/ garage � To provide a service- NHS/ POLICE/ FIRE SERVICE � To help others- cancer research/ British heart foundation/ NSPCC

How can businesses be grouped? � 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.

Assignment P 1 � 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

Assignment 1 P 1 � 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.