the key objective provides services, essential to the welfare of the country, services are paid through taxation. projective two: protect indrustries and jobs that are vital to the country.
3. Control natural monopolies. so consumers are not exployeted. some public services such as libraries, may not be provided if people had to buy the service individually.
Other public services such as national defense must be provided to everyone or not at all. When it comes to business, public enterprise are not normally expected to make profit. but a few might make a surplus of revenue over expenditure and it is kept by the government.
Non-profit making organizations
these includes charities and voluntary organizations. they may be national, theres a objective to fullfil a social need or provice help to a specific session to a community, they do not make a profit.
Changing and conflicting objectives
would you recommend burning the chemical or the non-polutant fuel
I would choose what will give more profit. if it spoil the environment i would take action to control pollution.
Objectives and Stake Holders
the objectives of a business are influenced by it stakes holders. Stake holders, are not the same between share holders. Share holders are individual and organizations that own shares in a company. So share holders are the owner of the company while stake holders are all individuals and groups that have an interest in the activity of a business.
E.g who are the stake holders? stake holders include customers and consumers. so we are stake holders. workers, managers, owners, those with a financial interest,the community as a whole, the government. So stake holders are internal. such as employee and managers while others are externals. such as consumers, and those with a financial interest.
The extent to which the objectives of all stake holders, have been achieved is a measure of the sucess of a business.
Country U is in recession. the government has decided to increase he size of the public setor.
(a) what is meant by the term 'public sector'
(b) Identify and explain two objectives that public sextor enterprises usually have.
Answer:
(a) the public sector is sometimes reffered to as the state sector and is a part of the state deals with the production, delivery of goods and services and for the government or its citizens.
(b) the main objectives of public sector is ensure the essential goods and services are available for everyone equally. (2) equal rights, for example, national security has to be given to everybody or not at all.
Mission statement is a statement of the general purpose and aims of a business.
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