Business Studies

Can the public sector companies compete with private sector in terms of profit and efficiency? Give reasons for your answer.


SOLUTION
No, public sector companies cannot compete with private sector in terms of projects and efficiency. The reasons are:
  • Motive: The main objective of a public sector company is welfare of public but for a private sector company it is profitability.
  • Ownership: There is no or very less interference of government in the private sector compared to the public sector.
  • Management: The management of a public sector is usually less trained and skillful compared to a private sector company.
View Full Answer

Its FREE, you're just one step away


Subjective Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 146
Enroll Now For FREE

Realted Questions

Q1 TRUE/FALSE Medium
A foreign investor cannot invest in a local company to from a joint venture.
  • A. True
  • B. False

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Secretary of Government department must be a member of the ______ . 
  • A. Institute of Company Secretaries of India
  • B. Institute of Cost and Works Accounts of India
  • C. Indian Administrative Service
  • D. Any of above

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
Below mentioned are the features of a public enterprise except __________.
  • A. its primary objective is to serve government departments
  • B. they are not accountable to public
  • C. in some specific areas, they have monopoly
  • D. both a and b

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Statutory body is a body that is created under an ______________.
  • A. Act of Parliament
  • B. An Act of State Legislatures
  • C. Neither (a] nor (b)
  • D. Either (a) or (b)

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Single Correct Medium
The maximum Statutory Liquidity Ratio to be maintained by banks is_______________:
  • A. 25%
  • B. 30%
  • C. 35%
  • D. 40%

Asked in: Business Studies - Private, Public and Global Enterprises


1 Verified Answer | Published on 18th 08, 2020

View Answer