Government owned vs. private individuals owned.

Slower decision-making, have to share profits

Customers, cashier, management, New Town Plaza staff etc.

More easy to raise capital, limited liability, incorporated business etc.

Job rotation, teamworking, job enrichment, promotion etc.

Reputational risks, Franchisee keeps profits of outlet

Students, parents, 69K bus drivers, government etc.

McDonald's, 7/11, Starbucks etc.

workers motivated to enrich company as a whole to make higher profits vs. firms make losses --> no profits + lower paid workers get paid less

Lower chance of failure, Franchisor pays for advertising and provides training, Banks more willing to lend, Fewer decisions needed to be made

Easy to calculate and workers know exactly how much they are paid vs. good / bad workers get same amount, need to supervise, clock-in system

ESF management wanting to cut costs vs. Teachers wanting higher salaries; Students/parents wanting lower tuition fees vs. teachers wanting higher pay

Make essential services accessible to public, protect jobs and maintain key industries, Prevent exploitation of customers