UNIT 4 SOCIAL: TYPES OF COMPANIES

There are many different types of companies which sell a product or a service in order to make money.

Self-employed people don’t work for other people. They often work in the tertiary sector, for example electricians, plumbers and journalists.

A small business employs a small number of people. Small businesses often operate in the tertiary sector, for example in retail and transport.

In a cooperative, all the people working in the company own it together. Some exist to make money, but others for social or cultural reasons.

A corporation is owned by the people who have shares in the company. When they are very big and operate in many countries we call them multinationals.

An organisational chart shows how a company is organised. It shows who works for the company and what their responsibilities are. The most responsible job appears at the top of the chart. Jobs at the same level in the chart have similar levels of responsibility.