... garauntee". This means it is a limited company but has no shares. E1b- the businesses constraints The business has to work on a basis of "not-for-profit" and so it has strict guidelines to follow in the service that is provided. However the charity and "not-for-profit" market is being compromised by many diffferent companies in this country and so this works against the business objectives. E1c- Advantages and dis-advantages Advantages Dis-Advantages Business recieves a 80% rates reduction Due to rates reduction the college is (around £1000 p/a) liable to VAT. Mixed range of culture allows for flexibility Mixed range of cultures = confusion Government grants make financially efficient Lack of communication between Operations students and teachers individually Low staff turnover gives Macmillan College A good reputation for hiring staff. E2a- A clear description of the business The business is a small-medium, service based, business that employs 156 staff and educates around 1500 students. Macmillan College is funded by the Government. Macmillan College is also a registered charity. A ...

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