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Why profits are import to a private sector organisation?


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Answered 2011-09-13 16:11:54

i don't know yet that's why i ask you

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What is public sector and private sector organization?

A "public sector" organisation is one that is controlled by the government. It is called "public" because the government is responsible to the entire public. An example of a public sector organisation is the Department of Justice, or a police or fire department. A "private sector" organisation is one that is owned and controlled by private individuals, not the government and usually exists to make a profit for its shareholders. Both large and small corporations are considered to be private sector organisations. A private sector organisation does not have the same responsibility to the public that a public sector organisation does; its main responsibility is to its shareholders (the people who own it).


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Is Hilton Hotel a Private or Public organisation?

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The aim of a public sector business, is to make profits just like the private sector. Public sector is run by the government on behalf of the public and mostly offer government services.


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