Assignment on Business Environment - PDF

BUSINESS & BUSINESS
ENVIRONMENT

INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1 ................................................................................................................................................1
P2 ................................................................................................................................................3
TASK 2............................................................................................................................................4
P3 ................................................................................................................................................4
TASK 3............................................................................................................................................6
P4 ................................................................................................................................................6
TASK 4............................................................................................................................................8
P5 ...............................................................................................................................................8
P6 .............................................................................................................................................10
CONCLUSION..............................................................................................................................11
REFRENCES.................................................................................................................................12
.......................................................................................................................................................12

INTRODUCTION
The sum total of the factors such as individuals, institutions and forces outside the control
of business but the overall performance and the sustainability of the business affects is its
business environment.(Hilton and Platt, 2013). It helps to identify its business opportunities and
tap useful resources. Classification of the business environment are described below along with
their legal structure. There are different department in the company and working of each other is
interrelated. Macro environment factor have wide impact on the operations of business firms in
terms of positive and negative both. Internal and external factors of the environment are scanned
with the Swot analysis and Pestle model.
TASK 1
P1
Business environment involve various kind of organisations in it which are doing their
operations in present competitive trend. Moreover, every enterprise has their own goals and
objective as well as purpose for doing their activities. Business environment includes generally
three subdivision companies i.e., public limited, voluntary and private.
Private limited –A business entity which limits its owner liability to shares, limits
shareholders liability to 50 and limits shareholders from trading public shares. Example-Zara is
a private sector company which specialises in branded accessories and attires for men and
women. Purpose of private sector organisation to profit maximization by providing better
services to their customers and improve own living standard. Legal structure of private sector
organisation are as follows :-
 Sole traders - They are the individual who control and manage business at their own as
well as don’t have separate entity in the eyes of law from their company. In this owner of
business is responsible for all the losses, debt and also for the profit generated by them by
their daily operations. Partnership – It is the best way of introducing business by less amount of capital invested
because partnership firms have two or more than two person who contributes their money
for starting business. The amount invested is known as capital as well as in partnership
business each and every partner is liable for all the profit and losses.
1