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Business Studies IGCSEPDF 45
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Advantages and Disadvantages of Being a Public Corporation
Advantages
Can help stabilize failing
businesses to create job
opportunities
Important public services
Ensure consumers are not
taken advantage of
Reduce wasteful competitors
Disadvantages
Inefficiency as highly dependent on
state
Lack of close competition decreases
activities
It can be unfair to the private sector if
subsidies are provided to the public
sector
The profit objective is not as powerful
An objective is an aim or target to work towards. A business objective is the aim or target
a business works towards.
The advantages of setting objectives are:
1. Helps motivate the employees
2. Taking decisions will be more focused on
3. Objectives help unite the workforce (whole business has the same goal)
Chapter 5: Business and Stakeholder
Objectives