Business Studies

Long Answer Type Questions: Can the public sector companies compete with the private sector in terms of profits and efficiency? Give reasons for your answer.


SOLUTION
No, public sector companies cannot compete with the private sector in profit and efficiency due to following reasons:
  1. Motive: The main motive of private sector is to earn profit and, whereas the main motive of public sector is to provide services to public.
  2. Stakeholding : The major stakeholding in the case of public sector is goverment and its control lies in the hands of the goverment, whereas in the case of the private sector the individual is the major holder in the shares of the company.
  3. Efficiency : The efficiency of the private sector is more as the efficiency and working depends upon the private individuals , whereas in the case of public firm the efficieny goes down due to in efficiency.
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 Single Correct Medium
Which form of organization is primarily used for provision of essential services such as railways, postal services, broadcasting etc.?
  • A. Departmental undertaking
  • B. Statutory corporation
  • C. Government company
  • D. All of the above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Statutory meeting is to be held by __________________.

  • A. Public Limited company
  • B. Private Limited company
  • C. Both a & b
  • D. None of the above

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Subjective Medium
Name the organisation which is considered as a part of government only.

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 TRUE/FALSE Medium
The person who helps the court to complete the liquidation proceeding is the official liquidator.
  • A. True
  • B. False

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


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 TRUE/FALSE Medium
State the following statements is True or False:
The report sent to the members before the statutory meeting is the statutory report.
  • A. True
  • B. False

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


1 Verified Answer | Published on 18th 08, 2020

View Answer