Business Studies (9-1) - 0986 CIE

Differences In The Objectives Of Private Sector And Public Sector Enterprises

Gbogbo ọrọ náà

A private clothes shop and a state-run hospital both work hard every day, but they are not chasing the same thing. The shop is in business to make a profit for its owners; the hospital exists to provide care to everyone who needs it. Because they belong to different sectors, they answer to different owners, and those owners want different things.

In this lesson you will compare the objectives of private sector and public sector enterprises side by side: profit, survival and growth on one side, and service, social aims and government targets on the other. By the end you will be able to explain why a business behaves the way it does once you know which sector it belongs to.

Ebumnobi

  1. Differences in the objectives of private sector and public sector enterprises

Nkuzi Olu

Gee ntị na nkuzi a na ngwa

Maapụ uche

E seela isiokwu a ka ị hụ otu echiche si ejikọta.

Mepee maapụ uche na ngwa

Kaadị ncheta

Omume ncheta ngwa ngwa n'ihe a na-anwale n'isiokwu a.

Mee omume kaadị ndị a na ngwa

Akwụkwọ Ọmụmụ

An objective is a goal a business works towards. The objectives a business sets shape every decision it makes, from the prices it charges to the staff it hires. Knowing that private and public sector enterprises usually pursue different objectives lets you predict and explain their behaviour, and explaining objectives is a frequent exam task.

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Nnyocha Ọmụmụ

Ekele diri gi maka imecha ihe karịrị na Differences In The Objectives Of Private Sector And Public Sector Enterprises. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.

Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.

Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.

  1. Which is the main objective of most private sector businesses? A. providing free services B. making a profit for owners C. protecting jobs in poor regions D. meeting government quality targets Answer: B
  2. A 'social objective' is most typical of: A. a private clothes shop B. a public sector enterprise C. a sole trader D. a private limited company Answer: B
  3. During a recession a new private firm is most likely to focus on: A. rapid growth B. survival C. paying high dividends D. building new factories Answer: B
  4. A government-owned postal service has a target for reliable delivery. This is mainly a: A. profit objective B. service objective C. growth objective D. survival objective Answer: B
  5. Public and private sector objectives differ mainly because of differences in: A. the weather B. who owns the organisation C. the number of workers D. the colour of the logo Answer: B

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