Unit 1 - Assignment on Business and Business Environment

ASSIGNMENT 1 FRONT SHEET
Qualification BTEC Level 4 HND Diploma in Business
Unit number and title Unit 1: Business and Business Environment
Submission date 17/10/2020 DateReceived1stsubmission
Re-submissionDate DateReceived2ndsubmission
Student Name Trần Thị Kiều Trang Student ID GBS200576
Class 485 GBS0902_PPT Assessor name QuyNTH
Student declaration
I certify that the assignment submission is entirely my own work and I fully understand the consequences of plagiarism. I understand that
making a false declaration is a form of malpractice.
Student’s signature Kiều Trang
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A. Introduction to Organizations:
1. The Differences between for profit, not for profit and non-government
organisations (NGOs):
a. For Profit Organization: A business or other organization whose primary goal is
making money (a profit), as opposed to a non profit organization which focuses a goal
such as helping the community and is concerned with money only as much as
necessary to keep the organization operating.
• For example: Vinamilk, Vietcombank, FPT Corporation, etc.
b. Non-profit organization:
• Non-profit organisation are legal or social entities created for the
purpose of producing goods and services whose status does not
permit them to be a source of income, profit or other financial
gain for the units that establish, control or finance them.
• They may be created for charitable, philanthropic or welfare
reasons to provide goods or services to other persons in need.
• Due to their unique purposes, they are frequently exempted from
various kinds of taxes.
• For example: UNICEF, WWF, Wikipedia, Water.org , etc.

c. Non Government Organizations: According to the law, NGO is established under
foreign law, their main purposes can be development assistance, humanitarian aid,
not for profit or other purposes in Vietnam.
• For example: American Red Cross, ChildFund, Survivor Corps, etc.
2. Different size and types of organizations:
a. Organizations by size:
• There are various definitions for statistical purposes, depending
upon the industry being considered, on the grounds that what is
small in one industry might be large in another.
• In Vietnam, organization size can be determined by the amount of
capital, revenue or the number of employees.
• The EU in 1994 recommended to its members that they use ‘less
than 250 employees’ as the definition of a small to medium-sized
enterprise (SME).
b. Organizations by size in Vietnam:
- SMEs are classified by size, including microenterprises, small enterprises and medium-
sized enterprises.
A microenterprise in the sector of agriculture, forestry and aquaculture and industry and
construction has an annual average of 10 employers or fewer who have make