1.2 Types of business organisation

All business organisations can be classified into two types; Public sector organisations are owned and controlled by governments whilst private sector organisations are owned and controlled by private individuals.

Within the private sector organisations can be classified further.

1. For-profit (commercial) organisations.

1. Profit-based Businesses

2. For-profit social enterprises

2. For-profit social enterprises

PPP definition from Wikipedia

Task – Greenfingers PPP

3. Non-profit social enterprises

These are also known as Non-Governmental Organisations (NGO’s) and include charities and pressure groups.