After pre-production, we start to move onto finance. There
are two types of finance which we need to take into consideration, private and
public sector. The public sector is built of businesses and made up of
people, which compete with other business like their own however, their
products are the same prise; unlike the public sector, which is built up of supermarkets,
which have multiple, prises.
The public sector are not supported by profits like
the private sector instead they are supported by our tax and are owned by
the government; they are the ones which control what your tax it is used
for in this economy. The public sector however differs from the private sector,
as they are not as efficient as their service tends to be delayed; it
also sometimes goes into bankrupts’ and not to standard like the private
sector.
However both private and public sector are similar in the
fact that they both deliver goods and services and are both customer service
orientated and lastly operate within the framework of the law.