Questions and Answers
What is the main idea of the class?
To help understand the best form of business in a given situation
What does the term 'sectors' refer to in this class?
Sectors of ownership
How are businesses in an economy divided into sectors of ownership?
Based on the nature of activities they perform
Which sector does Volkswagen belong to based on the information provided?
Signup and view all the answers
In which sector does BBC belong to based on the information provided?
Signup and view all the answers
Which of the following best describes the main focus of public sector organisations?
Signup and view all the answers
Why do public sector organisations not distribute profits to owners or shareholders?
Signup and view all the answers
Why are public sector organisations often considered inefficient?
Signup and view all the answers
What distinguishes private sector organisations from public sector organisations in terms of their orientation?
Signup and view all the answers
What is the primary reason private sector organisations are forced to be efficient and innovative?
Signup and view all the answers
