Briefly describe how the objectives of organizations in the public sector differ with those in the private sector.

      

Briefly describe how the objectives of organizations in the public sector differ with those in the private sector.

  

Answers


Kavungya
• Private sector firms are vulnerable to competitive pressure thus they are forced to invest heavily in marketing of their products so as to maintain their market share.
• Private firms adopt various strategies such as mergers, acquisitions so as to maintain their competitive edge and ensure that they are always growing in their operations.
• Private firms are aimed at maximizing the value of wealth of owners unlike public sector firms aim at provision of social services (social needs)
Kavungya answered the question on May 6, 2022 at 06:16


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