Types of Retail Business Ownership

What is the primary aim of not-for-profit organisations?

• To earn profits for owners

• To support the organisation's aims

• To maximise shareholder dividends

• To operate like a traditional business

Which of the following is an example of a not-for-profit organisation?

• A charity shop

• A private limited company

• A multinational corporation

• A sole trader

What is a key characteristic of co-operatives?

• They operate without member input

• They have a single owner

• They are owned and run by their members

• They focus solely on profit maximisation

What do members of a co-operative receive from the profits?

• Salaries based on performance

• A share of the profits called dividends

• A fixed salary regardless of profits

• No financial benefits at all

Which of the following is a disadvantage of co-operatives?

• They always maximise profits

• They are easy to manage

• Decision-making can be slow

• Members have a say in decision-making

What is the role of charities?

• To provide loans to members

• To support causes like cancer research

• To compete with businesses

• To operate for profit

What is a social enterprise primarily focused on?

• Maximising profits for owners

• Addressing social issues and benefiting society

• Selling products at high prices

• Operating without community involvement

Which of the following is an advantage of co-operatives?

• Focus on profit over community

• Better customer service and shared profits

• Limited member involvement

• High management costs

What is a challenge faced by co-operatives?

• High profits and easy decision-making

• Difficulty in recruiting quality management

• Members have no say in decisions

• They always grow rapidly

Why do not-for-profit organisations rely on volunteers?

• To ensure high salaries for everyone

• To avoid paying any staff

• To minimise wage costs

• To maximise profits