Appendix A P1
Type of organisation/Business Explanation Example
Profit Organisation whose main goal is to make a profit out Burger King
of what they are doing. River Island
Non profit Main goal is to help and is only concerned about Schools
money to an extend to just keep the organisation Trusts
operating. It is not driven by profit as there dedication Cancer Research
is towards a cause. NHS
Non Government organisations A non profit making, voluntary citizens/group Red Cross
organised for a specific cause. Oxfam
Public Sector Public Corporations (medium/large) - A Public Corporations - Co-
The Public Sector is usually comprised of government owned/operated company with Operative / British
organisations that are owned and operated by the unlimited liability. Airways
government and exist to provide services for its
Municipal Undertakings (small/medium) - Municipal Undertakings -
citizens. They generally don't intend to seek a
Owned by the city/town local governments that The Mayor / City Council
profit. The ownerships included in this are public
provide services or take on a task to do.
corporations, municipal undertakings and trusts. Trusts - Edelman trust
Trusts (small/medium) - This is where the barometer
trustee carries out a business behalf another
person (trust member) The trustee can be a
individual or a company and he is liable
himself.
Private Sector Sole trader - Ran by 1 person who is liable Sole Trader -
A private sector business is an organisation that himself (small/medium). As a sole trader, you Beautician/hairdresser
is run for the purpose of profit or dividends and is are liable for all your debts which means if
Type of organisation/Business Explanation Example
Profit Organisation whose main goal is to make a profit out Burger King
of what they are doing. River Island
Non profit Main goal is to help and is only concerned about Schools
money to an extend to just keep the organisation Trusts
operating. It is not driven by profit as there dedication Cancer Research
is towards a cause. NHS
Non Government organisations A non profit making, voluntary citizens/group Red Cross
organised for a specific cause. Oxfam
Public Sector Public Corporations (medium/large) - A Public Corporations - Co-
The Public Sector is usually comprised of government owned/operated company with Operative / British
organisations that are owned and operated by the unlimited liability. Airways
government and exist to provide services for its
Municipal Undertakings (small/medium) - Municipal Undertakings -
citizens. They generally don't intend to seek a
Owned by the city/town local governments that The Mayor / City Council
profit. The ownerships included in this are public
provide services or take on a task to do.
corporations, municipal undertakings and trusts. Trusts - Edelman trust
Trusts (small/medium) - This is where the barometer
trustee carries out a business behalf another
person (trust member) The trustee can be a
individual or a company and he is liable
himself.
Private Sector Sole trader - Ran by 1 person who is liable Sole Trader -
A private sector business is an organisation that himself (small/medium). As a sole trader, you Beautician/hairdresser
is run for the purpose of profit or dividends and is are liable for all your debts which means if
