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Business and Business Environment

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Added on  2021-02-20

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Organization structure and function 7 SECTION 28 Pestle analysis 8 SWOT analysis 9 Explaining how strengths and weaknesses interrelate with external macro factors 11 CONCLUSION 12 REFERENCES 13 INTRODUCTION Business and business environment is the collection of micro and macro factor that affect internal as well as external environment of the company. This type of business are divided into three types which are as mention below: Profit: This type of business are run in private sector and in UK, it occupy the highest market share with

Business and Business Environment

   Added on 2021-02-20

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Business and Business Environment
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Table of ContentsINTRODUCTION...........................................................................................................................4SECTION 1......................................................................................................................................41. Different types of business......................................................................................................42. Size and scope of the organization..........................................................................................53. Organization structure and function.......................................................................................7SECTION 2......................................................................................................................................8Pestle analysis.............................................................................................................................8SWOT analysis............................................................................................................................9Explaining how strengths and weaknesses interrelate with external macro factors.................11CONCLUSION..............................................................................................................................12REFERENCES..............................................................................................................................13
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INTRODUCTIONBusiness and business environment is the collection of micro and macro factor that affectinternal as well as external environment of the company. In the same way, report is also providesthe understanding of business in which it operates. The report will describe three types oforganisation and their aim. Further, it describe the size and scope of these organization andpresent different types of organization structure with their functions. The chosen firm for thisreport is Tesco which is one of the top and leading retail firm in UK which provides best varietyto products to their customer. Further, report will describe external and internal factor that affectbusiness by using PESTLE and SWOT. Lastly it show the interrelationship between the internaland external factor as well.SECTION 11. Different types of businessBusiness is that process of making one's living or making money in order to selling andbuying the business. Mainly business are divided into three types which are as mention below:Profit: This type of business are run in private sector and in UK, it occupy the highestmarket share with an aim of earning profit without concerning about the society (Steiss, 2019).The private sector analyse the needs and demand of their customers and provide the best servicesin order to generate income and expand their business. Further, this type of company make theshares of ownership which is available for the local people. Business purpose:The main purpose of this organization is to usually profit orientedbecause eh managers who are working in this organization are work with an aim of maximizingthe revenue. Further, their main aim maybe associated with a goal of serving by earning higherprofit.Supply of goods and services: For example, Tesco which deals at private sector and thecompany have strong financial performance. The firm provides cloths, accessories, footwear anddifferent type of items which are used in household purpose.Non-Profit: Generally, this is incorporated for public benefit and it is tax exempt and donot pay any income tax because it work for the welfare of the public and its did not provideproduct for earning or maximizing the business (Calabrese and Searing, 2019). Apart from this,this organization provides public benefit and work for social cause .
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