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Business and business environment INTRODUCTION 3 LO 1 3 Different types of organisation

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Added on  2021-02-20

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Business and business environment INTRODUCTION 3 LO 1 3 Different types of organisation3 Limited funding is provided to such type of organisation. 6 LO 2 6 Interrelationship between various function of an organisation 6 LO 3 9 Demonstrating the positive as well as negative effect of macro environment on Merril Lych Investment9 LO 4 11 Determineinternalstrengthandweaknessofbusinessandits interrelationship with external macro factors. These are the internal and external; factors that affect the working, growth and profitability of the

Business and business environment INTRODUCTION 3 LO 1 3 Different types of organisation

   Added on 2021-02-20

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Business and businessenvironment
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Table of ContentsINTRODUCTION...........................................................................................................................3LO 1.................................................................................................................................................3Different types of organisation ...................................................................................................3Limited funding is provided to such type of organisation. .........................................................6LO 2.................................................................................................................................................6Interrelationship between various function of an organisation ...................................................6LO 3.................................................................................................................................................9Demonstrating the positive as well as negative effect of macro environment on Merril LychInvestment....................................................................................................................................9LO 4 ..............................................................................................................................................11Determine internal strength and weakness of business and its interrelationship with externalmacro factors..............................................................................................................................11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14
Business and business environment INTRODUCTION 3 LO 1 3 Different types of organisation_2
INTRODUCTIONBusiness environment consists of all the factors that affects directly or indirectly theoperations of business. These are the internal and external; factors that affect the working,growth and profitability of the business(Prajogo, 2016). Internal factors comprises of theorganizational structure, management, functional departments and the employees of theorganization whereas external factors consists of micro and macro environmental factors of theorganization that are uncontrollable in nature. This report is based on Merril Lynch, andAmerican investing and wealth management organization under A Bank of America. Thecompany is headquartered in New York, US. The services are served worldwide with the overallrevenue of US$13.8 billion for the company(Allayannis and Allayannis, 2017). It consists of15,100 employees working for it and also known as Financial advisors. This report will highlightthe different types, size and scope of organizations. The report will include the interrelationshipbetween the different functions of an organization and how they link with the organizationalstructure. Further, the report will include the positive and negative impact of macro environmenton business operations of an organization. The report will also include the internal strengths andweaknesses of the business and determine their interrelationship with external macro factors.TASK 1LO 1Different types of organisationSole traderIt is the simplest form of business structure which is easy and inexpensive to set up. Anowner of the business is legally responsible for all the profit and losses which occurs in business.Kurt Geiger is a company who is in shoe business. The company was founded in year1965 by an entrepreneur name Kurt Geiger. The store was first opened in Sloane street and Bondstreet in London. Size and scope of organisationThe company sells about 5 hundred million pairs of shoes every year. The operatingprofit of company is euro 24.6 million. According to the analysts the estimated growth ofcompany is about 4.2% which means that company has outperformed in UK market(Geiger andStockinger, 2019). The revenue of company is about euro 260 million. The number ofemployees working under the company is 1700.
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Legal structure: Sole trader ship can be defined as a company which is operated andadministered by a single individual. Objective : the objective of company is to obtain unique position in footwear market. Advantage :The main advantage of such type of company is that the business owner can makedecision on their own. Secondly all the profit which is earned by the company belong to the soletrader or owner of the business.Disadvantage :An owner of the business is responsible for the loss occurred which can affect the assetsof company.A company in such type of business in not a separate legal entity means one cannotseparate his name from business. PartnershipCarphone Warehouse was started by two old school friends Sir Charles Dunstone andDavid Ross in year 1989. The company is best in mobile phone deals. Size and scope of organisationThe company has about 2400 plus stores across Europe. The company is also listed inLondon Stock Exchange. Net operating income of company is about euro 57.1 million. Thenumber of employees working under the company is about 11,500(Paton, 2016). Legal structure: This type of structure is suitable for those who want to start business with twoor more persons. All the partners involved is responsible for sharing all the profits and losses of acompany. Objective : the aim of company is to be the first choice of the customers. Advantages It is easy way to start a business as it requires low investment. All the partners act on behalf of business. DisadvantagesDue to presence of large number of members, decision process can be affected. Loosing partner may prove costly to company's profit as well as to other partners.Private Barford & Perkins was started in year 1840. The company was a road roller and
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