Public sector - Organisations owned and controlled by either national governments or local authorities, Commercial  - A business run to make a profit by selling goods or services, Professional - A body or organisation that supports, trains, and represents professionals in a specific career, ensuring standards of knowledge and behaviour., Regulatory - An organisation that sets and enforces rules/laws, Not-for-Profit - An organisation that doesn’t aim to make profit for owners/shareholders — instead, money is reinvested into the cause or community., Primary Process - This involves acquiring raw materials. First stage of production, Secondary Process - This is the manufacturing and assembly process., Tertiary Process - This refers to the commercial services that support the production and distribution process, Associated Organisation - A business in which another company (the investor company) owns a significant share, Stakeholder - Any person, group, or organisation that has an interest in, or is affected by, the actions, decisions, or success of a business or organisation, Private Sector - All for-profit businesses and organisations that are independent of government control. ,

BUSINESS TERMINOLOGY

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