BUS 1100 Lecture Notes - Lecture 10: Private Limited Company, Housing Cooperative
31 Oct 2017
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October 30, 2017: the aims of business in the public sector and the private sector: The aims of the business in the public sector are to survive by making profit. Housing provided by a housing cooperative will definitely be cheaper than the one provided by a private-sector firm. Housing cooperative would be under a public sector therefore the main aim of this business would be to prove service to their customers. Housing provided by a private-sector firm would be very costly since the private-sector businesses only survive if they make profit. Private limited companies are the companies run by individuals or family members. They cannot sell their shares to the general public; instead the shares are sold to their close friends and family members. Continuity- unlike partnerships and sole traders, the legal difference. Stable- company will still continue even though (when) the shareholders change provides more privacy of information than a public limited company: costs.
