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Business and Business Environment INTRODUCTION 1 PART 11 1 2 2 3 4 CONCLUSION 10 12

   

Added on  2021-02-20

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Business and BusinessEnvironment
Business and Business Environment INTRODUCTION 1 PART 11 1 2 2 3 4 CONCLUSION 10 12_1
Table of ContentsINTRODUCTION...........................................................................................................................1PART 1............................................................................................................................................11..............................................................................................................................................12..............................................................................................................................................23..............................................................................................................................................4PART 2............................................................................................................................................51..............................................................................................................................................52..............................................................................................................................................83..............................................................................................................................................9CONCLUSION..............................................................................................................................10.......................................................................................................................................................12
Business and Business Environment INTRODUCTION 1 PART 11 1 2 2 3 4 CONCLUSION 10 12_2
INTRODUCTIONBusiness environment is dynamic in nature and several changes take place which affectorganisation directly as well as indirectly (Cosic, Shanks and Maynard,2015). It is combinationof external and internal both factors which gives impact of working of companies. These twofactors work together for running business operations in better manner. In this assignmentorganisation selected in Zara which is an private sector company introduced in 1975 by AmancioOrtega, Rosalia Mera. Respective company is serving their offerings at global level as well asproducts offerings by them are clothes and accessories. Furthermore, in the report apart fromprivate sector organisation voluntary and public will also be discussed. This assignment is goinggoing to describe various types of organisations involved in business environment along withtheir purpose as well as legal structure. Respective assignment will going to discusses about thedifferent types of organisations along with their size and scope. It also explains the organisationstructure and functions along with PESTLE and SWOT analysis of UK retail sector. In the end,Porter's Five Forces Model will conducted for competitive market analysis. PART 11In business environment there are different types of organisation i.e., public, private andvoluntary. Thus, every company have their own goals and objectives or purpose for which theyare performing their daily operations. Description of these organisation are as follows :- Private limited – It is the type of small entities who have limits liabilities forshareholders and number of shareholder will be approx. 50. Private limited companies haverestriction of trading their shares publicly. For illustration, Zara is theprivate sector companywho are dealing in accessories and clothes of men's, women's as well as children. Social factorgives direct impact on the working of Zara because taste and preferences of customers as well asmarket get easily change. Types of private sector organisationSole traders - They are individual person who manage activities of business by their ownand having separate identity from their company in legal term (Wach, 2015). Owner oforganisation is liable for losses, debt as well as for profit generated.
Business and Business Environment INTRODUCTION 1 PART 11 1 2 2 3 4 CONCLUSION 10 12_3
Partnership – It is the most suitable way of introducing private organisation when theirwill be less funds. Partnership firms have two or more than that partners who contributestheir money for starting business. Amount invested by them is known as capital andevery partner is responsible for profit and losses according to contribution made by them Legal structure of Zara – It is a type of corporation in the country whichthat mostly employcivil laws. PLC (public limited company) – PLC is the company running by the government andaim behind their operation is to supply goods and services for increasing living standards ofpeople and economic development. For instance, NICE is public sector company and they areoffering services related to health care for public (Fitó-Bertran, Hernández-Lara andLópez,2015). Main basis behind providing services is to up-upliftment of UK population.Political factor give direct impact on the working of NICE because simple modification result inchanging working style of company. Types of public sector organisation Central government department – Organisations of particular state run by the centralgovernment bodies. Local authorities – In particular nation, local authorities are those who control andmanage working of specific city organisations. Legal structure of NICE – It is corporation owner whose ownership is dispersed within generalpublic within many share of stock that can be freely traded on stock exchnage as well as in overthe counter market. Voluntary Sector: Such companies are also known as non-profit organisations becausethey are working for welfare of society. Thus, Wellcome Trust is the voluntary sectororganisation of UK founded in 1936 by Sir Henry Wellcome them mainly focusing onBiomedical Research. Types of voluntary sector organisationTrust- There are few trustees who provide funds to voluntary sector organisation day today operations. Unincorporated association- they are the management committees of an organisation ormay be also named as council. Although, Unincorporated association don't have theiridentity distinct from trustees.
Business and Business Environment INTRODUCTION 1 PART 11 1 2 2 3 4 CONCLUSION 10 12_4

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