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Assignment on Business and Business and Environment

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Added on  2020-11-23

Assignment on Business and Business and Environment

   Added on 2020-11-23

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Business and Business andEnvironment
Assignment on Business and Business and Environment_1
ContentsINTRODUCTION...........................................................................................................................3P1 Explaining different types and purposes of organization: public, private and voluntary sectors and legal structures..........................................................................................................3P2 Explaining size and scope of a range of different types of organizations..............................5M1 Analyzing how the structure, size and scope of different organizations link to business objectives and product and services offered by organization .....................................................6P3 Explaining relationship between organizational functions and how they link to organizational objectives and structure........................................................................................7M2 Analyzing advantages and disadvantages of interrelationships between organizational functions and the impact that have upon organizational structure...............................................8CONCLUSION................................................................................................................................9REFERENCES..............................................................................................................................11
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INTRODUCTIONBusiness environment requires analyzing in effective manner so that business may be able to accomplish objectives. Present report deals with Toyota which is a giant automobile manufacturer and seller is taken as a private organization. Report will discuss about different types and purposes of organization and legal structures. Furthermore, scope and size of organizations will be enumerated in a better manner. On the other hand, interrelationship of organizational functions and how they are aligned to business objectives will be explained. Advantages and disadvantages of interrelationship of such functions and impact on organization structure will be discussed. Moreover, structure, size and scope of organization and how they are linked to products offered by company will be explained in the report.P1 Explaining different types and purposes of organization: public, private and voluntary sectors and legal structuresIllustration 1: Business Environment Source: Define business system and business environment. 2018Business starts its operations in order to serve customers with effective products and services so that it may be able to attain desired profits in the best way possible. The skills and materials as per the needs and requests of customers are prepared and as a result, goods or services are served. Business environment comprises factors such as customers, resources, suppliers, distribution, industry trends, government activity, economic, demography and technological development (Business environment. 2018). Automobile giant, Toyota may
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achieve competitive advantage through price and quality in effective manner. The different typesof organizations are as follows-Public sector-The public sector organization is directly related to the country’s economy. In simple words, it is perfectly and directly controlled by the government or agencies of government. Therefore, business organizations which run under different types of operations on behalf of citizens and as a result, societal benefits are provided and social well-being prevails. NHS (National Health Service) is a key public organization in UK.Private sector-In private sector, operations are effectively handled by private group and they aim for profit maximization in order to earn good market share by offering quality products to people in a better manner (Falkner, 2017). Sainsbury’s PLC is a private sector firm which is engaged in retail sector. The different types of private firm are listed below-Sole proprietorship-The individual is the only person who initiates business and has unlimited liability. He takes all decisions on its own and does not share profits or losses. The operations are limited.Partnership-The partnership is a mutual agreement between two or more persons coming together to form a business. Profits and losses are shared in equal proportion by the partners or as per the ratio listed in partnership deed and has unlimited liability on hands of partners.Limited Company-Company is formed under the Company Act of UK governed by it. It is an artificial person and has perpetual existence and has no effect on operations on event of any incident. It is created by law and can be dissolving only by law (Kew and Stredwick, 2017). Liability of shareholders is limited up to the shares held by them and firm has wider operations.Voluntary sector-
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