Charity - Business Ownership - BTEC Level 3 Nationals in Business (Part 5 of 5)

Описание: This video explains the features of a charity as well as the advantages and disadvantages. You'll find this video useful if you're studying the BTEC Level 3 National in Business, Unit 1 Exploring Business, 'Learning Aim A - explore the features of different businesses and what makes them successful' focusing on the assessment criteria: 'A.P1 - Explain the features of two contrasting business'

What is a charity?
An organisation set up to help people in need.
It generates revenue from donations and charity shop sales.
It is controlled by trustees and directors.
Revenue in excess of £5,000 per year.
Register with the Charity Commission of England and Wales.
Charities operate in the not-for-profit sector.
Examples of charities include Cancer Research UK, Save the Children and Oxfam.

What are the advantages of a charity?
Public recognition of trust.
Tax relief.
Access to variety of funding sources.

What are the disadvantages of a charity?
Costly legal restrictions and requirements.
Cannot raise cash through the sale of shares.
Founders of charities sit on the board unpaid.
Founders of charities as chief executive officers could be fired by the board.


Video created for BTEC Level 3 Nationals in Business. Video suitable for A-Level AQA Business, A-Level OCR Business, A-Level Edexcel Business. Video is also suitable for BTEC Level 1 and 2 Tech Awards in Enterprise, OCR Business Studies, AQA Business Studies, and Edexcel Business Studies.