Get premium membership and access questions with answers, video lessons as well as revision papers.
Advantages.
• They can be bailed out by the government when in financial problems
• Their initial capital is provided by the government.
• Most of public corporations produce goods in large quantities thus enjoying the benefits of large scale production.
• Some of them are monopolies thus enjoying the benefits of being monopolies.
Disadvantages.
• Decisionmaking may take long because of the large number of people involved.
• Diseconomies of large scale operations apply I these corporations because they are usually very large organizations.
• They have the disadvantages of monopoly.
• Their performance can be poor due to lack of accountability on the part of the employees.
skilled writter answered the question on May 15, 2018 at 05:40
- Discuss five trends in forms of business units.(Solved)
Discuss five trends in forms of business units.
Date posted: May 15, 2018. Answers (1)
- Outline the factors an organisation might consider when choosing a supplier(Solved)
Outline the factors an organisation might consider when choosing a supplier
Date posted: May 14, 2018. Answers (1)
- Describe the methods of production.(Solved)
Describe the methods of production.
Date posted: May 14, 2018. Answers (1)
- Outline the objectives of a non-profit-making organisation(Solved)
Outline the objectives of a non-profit-making organisation
Date posted: May 14, 2018. Answers (1)
- Explain the benefits of training employees.(Solved)
Explain the benefits of training employees.
Date posted: May 14, 2018. Answers (1)
- Compare the use of internal and external methods of recruitment(Solved)
Compare the use of internal and external methods of recruitment
Date posted: May 14, 2018. Answers (1)
- Describe the documents that could be used in the recruitment process.(Solved)
Describe the documents that could be used in the recruitment process.
Date posted: May 14, 2018. Answers (1)
- Explain how internal factors could influence the success of the organization.(Solved)
Explain how internal factors could influence the success of the organization.
Date posted: May 13, 2018. Answers (1)
- Describe 3 methods of ensuring good customer service.(Solved)
Describe 3 methods of ensuring good customer service.
Date posted: May 13, 2018. Answers (1)
- Compare the features of a private limited company to a sole trader(Solved)
Compare the features of a private limited company to a sole trader
Date posted: May 13, 2018. Answers (1)
- Explain the benefits of branding to the business(Solved)
Explain the benefits of branding to the business
Date posted: May 13, 2018. Answers (1)
- How would you perform a risk assessment(Solved)
How would you perform a risk assessment
Date posted: May 13, 2018. Answers (1)
- How do you rank or prioritize the risks?(Solved)
How do you rank or prioritize the risks?
Date posted: May 13, 2018. Answers (1)
- Differentiate between qualitative and quantitative risk analysis methods, give an example of drawback and benefit for each. (Solved)
Differentiate between qualitative and quantitative risk analysis methods, give an example of drawback and benefit for each.
Date posted: May 13, 2018. Answers (1)
- Under Risk Management Plan, differentiate between the following terms:
i) Risk avoidance
ii) Risk transfer
iii) Risk mitigation
iv) Risk acceptance
v) Residual risk
(Solved)
Under Risk Management Plan, differentiate between the following terms:
i) Risk avoidance
ii) Risk transfer
iii) Risk mitigation
iv) Risk acceptance
v) Residual risk
Date posted: May 13, 2018. Answers (1)
- What are the four basic strategies available for controlling risk? (Solved)
What are the four basic strategies available for controlling risk?
Date posted: May 13, 2018. Answers (1)
- State five functions of advertising agencies.(Solved)
State five functions of advertising agencies.
Date posted: May 12, 2018. Answers (1)
- State four advantages and five disadvantages of newspapers as a tool for advertisement(Solved)
State four advantages and five disadvantages of newspapers as a tool for advertisement
Date posted: May 12, 2018. Answers (1)
- State five advantages and five disadvantages of personal selling in product promotion.(Solved)
State five advantages and five disadvantages of personal selling in product promotion.
Date posted: May 12, 2018. Answers (1)
- State four advantages and four disadvantages of free gifts in product promotion.(Solved)
State four advantages and four disadvantages of free gifts in product promotion.
Date posted: May 12, 2018. Answers (1)