Which organisation types does the grid distinguish?
Private-sector companies, public-sector companies, and non-profit organisations.
What characterises a private-sector company?
Market activity and the purpose of making a profit.
What employee ranges define the four company-size categories?
Micro-businesses have fewer than 10 employees; small companies, 10–249; medium-sized companies, 250–4,999; and large companies, more than 5,000.
Which five categories comprise organisational resources?
Human, financial, material, immaterial, and technological resources.
What is a headquarters?
An organisation’s main office.
How does a holding company control another business?
By owning more than 50% of its voting stock.
What is annual turnover?
The money earned by a company through business in one year.
How is profit measured?
As the difference between an initial outlay and the amount subsequently earned.
What does a product range mean in business vocabulary?
A selection of items.
What does a wholesaler sell, and to whom?
Goods in large quantities to another company or shop.
Answer 10 questions on Business Organisations and Vocabulary.
1. Which set correctly distinguishes the organisation types in the classification?
2. What combination characterises a private-sector company?
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