Business sector

 Business Sector 

NGOs 

Private sector organisations are owned by individuals. These businesses are driven by profit. The profit from the private sector is the sole goal of a business. 

NGOSs – Non Governmental organization – examples are: 

-World wide fund for nature 

-Water Aid 

LTD 

Private Limited Company. A ltd is a company that is not found on the stock market. It’s finances come from other sources such as mortgages, family and friends, CEO investments etc... 

Examples of LTD company’s: 

 

PLC 

Public limited company.  

 

 

Recap of Organisations 

Hazle woods Accountants  

-Partnership – private sector organisation 

-201-500 jobs 

 

Harrison Carloss marketing agency 

-Private Company – Private sector organisation 

 

Sue Rider 

-Charity 

Tesco 

-Private sector organisation 

Commercial Sector Technology 

Primary 

Increasingly technology in the form of efficient labour-saving devices is taking replacing the need for manual labour in the primary sector. 

Secondary 

Technology is a substitution for skill sets and manual procedures in the secondary sector, thus reducing workforce numbers in established markets. However, it is also a conduit for product innovation opening up new markets. 

Tertiary 

Communication, delivery of services, marketing, trends analysis and prediction, working environments are all being transformed by digitalisation. The proportion of the workforce in this sector is constantly increasing. 

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