| what are the aims/objectives of private sector
(name 7) | profit maximisation
achieving quality
survival
customer satisfaction
increase market share
social responsibility
innovation |
| what are the aims / objectives of the public sector? | make the best use of funds
quality of service
raise revenue
cut costs
improve infrastructure |
| What are the aims and objectives of the third sector | increase funds
provision of service
increase awareness
pressure government
more branches |
| what is meant by profit maximisation? | to make as much profit as possible |
| what is meant by achieving quality? | to provide the highest quality product/service |
| what is meant by survival? | to continue to exist from one year to the next |
| what is meant by customer satisfaction? | to ensure customers are happy with their purchase |
| what is meant by increasing market share | to gain more customers relative to your competitors |
| what is meant by social responsibility | to act in a responsible way towards the environment, your community and wider society |
| what is meant by innovation | to create new and unique ideas |
| what is meant by making the best use of funds? | spending taxpayers' money wisely to get the most value |
| what is meant by quality of service? | to provide a high quality service to the community/users |
| what is meant by raising revenue? | to increase the amount of funds generated
eg. by raising taxes |
| what is meant by cutting costs? | to reduce spending on public services |
| what is meant by improving infrastructure? | to develop and build new roads, rail links and cycle paths |
| what is meant by increasing funds (third sector) | raise as much funds as possible for their cause |
| what is meant by provision of service
(third sector) | to provide a service to people/animals in need |
| what is meant by increasing awareness
(third sector) | increasing the number of people in society who are aware of the aim/cause |
| what is meant by pressuring government?
(third sector) | to campaign to government to change a law/policy related to their cause |
| what is meant by more branches?
(third sector) | to open more branches of charity shops |
