Business and Business Environment Assignment Solved - Sainsbury
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Added on 2020-10-22
Business and Business Environment Assignment Solved - Sainsbury
Added on 2020-10-22
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Business and Businessenvironment
Table of ContentsINTRODUCTION...........................................................................................................................3LO1..................................................................................................................................................3Different types of the organisations and difference between them in terms of meaning,purpose, size & scope and legal structure..............................................................................3LO2..................................................................................................................................................6Interrelationship between various function of the organisation and how they link toorganisation structure.............................................................................................................6Interrelationship between different organisational function and how they link to organisationalobjective and structure............................................................................................................8LO3..................................................................................................................................................1Demonstration of positive and negative impact the macro environment has on businessoperation.................................................................................................................................1LO4..................................................................................................................................................3Determining the strengths and weaknesses of the company and its interrelationship withexternal macro factors............................................................................................................3CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7Books and journals.................................................................................................................7
INTRODUCTIONBusiness environment refers to the sum total of the all people, organisations and otherpractices which are outside the control of a business unit but the business is still depends uponthem because they affect the over all performance and sustainability of the firm(). This reportdefines the various types of the organisation in terms of their purpose, scope and size of the firm.This study also evaluates the two types of the organisation structure that Sainsbury's might haveconsidering that they are both a food retailer and finance provider. In this we also determine thestrength, weakness, threats and opportunities of the sainsbury business firm. In this report wewill also use the pestle tool for identifying the key areas of the business firm.LO1Different types of the organisations and difference between them in terms of meaning, purpose,size & scope and legal structurebasisSole traderPartnershipfirmLimitedcompanyGovernmentsectorcharityMeaning Sole traderbusiness islegal setupwhich ownedand controlledby a singleperson andtherefore, isresponsible forall the aspectsof the businessin terms of theprofit and loss.Partnershipfirm are thebusiness unitswhich ownedand controlledby the two ormore persons.Thispartnershipalso definestheresponsibilities of thepartners.It refers toincorporatebusiness units,in which theyhave their ownlegal status.This types ofthe companiesincludes theconstitutionwhich help theshare holderand director toregulate theirrelationship(Pearson, 2017). It is theorganisation inwhich the 51%of the capitalinvested bythe centralgovernmentand are ownedand controlledbythegovernment(Rose, 2017).It is the non-profitorganisationwhich can runefficientlythroughdonations andothernonfinancial helpsfrom peoplesandotherinstitutions(Mellor, 2018.).
Purpose The purposeof sole traderis to providethe servicewith full oftheirownresponsibilities.forexample-soletraderaselectricians.Themainpurpose of thepartnershipfirm is tomaintain theprofitability byprovidinggoods andservices toconsumers.The purposeof the limitedcompany is tomaximise theirprofitability aswellasproductivityby providinggoodandbetter servicetotheiremployee. ForexampleMarks andSpencercompany(Rose,2017).The businessobjective ofthis type oforganisation isto provide thevariousservices to thelocalcommunitiesandearnlimited profitfor reinvestingin the firm forthe benefits ofcustomers. ForexampleNationalHealthServices.As they arenonprofitorganisationthemainobjective ofthisorganisation isto providesocial servicesto the peoplesand also carethe well beingofcommunities(Hockerts,2015). ForexampleOXFAM.LegalStructureThesoletraderconsidered asthe easiestbusinessstructure toform due tolimitednumber of theformalitiesrequired forstartingaThis types ofbusiness takeplace when 2ormorepersons doinga business in apartnershipagreementwhich definesthe variousaspectsofbusinessThelegalstructure oflimitedcompany areentitled to thecompany lawwhich definescertainregulation forthese types ofcompaniessuch as theyThelegalstructure ofthegovernmentsector firms isdefines as thecompany isowned andcontrolled bythe state orcentralgovernmentThelegalstructure forforming thenonprofitorganisation orcharitable firmat the statelevel and toapply for (501)(c) 3 Texexemption atfederal level. It
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