Which of the following is NOT a function of the private sector?

The function of community service is generally considered a characteristic of public sector entities and nonprofit organizations rather than the primary focus of private sector businesses. The private sector predominantly aims to generate profits and contribute to economic growth, often through increasing market share and managing cash flow efficiently.

Economic growth is facilitated by the private sector through innovation, job creation, and investment, which drive overall economic performance. Market share represents a company’s portion within its industry, reflecting its competitiveness and success in attracting customers. Cash flow is vital for the operational sustainability of any business, ensuring that it can meet its financial obligations and invest in future growth.

While many private sector companies may engage in community service as part of their corporate social responsibility (CSR) initiatives, this is not considered a core function of the private sector as a whole. Therefore, community service stands out as the option that does not align with the fundamental objectives typically associated with private sector functions.