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Business and Business Environment Assignment - European Metal recycling

   

Added on  2020-10-05

19 Pages5285 Words205 Views
Business andbusinessenvironment

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Explain different types of businesses along with their legal structures................................1P2. Explain size and scope of different types of business concerns...........................................3TASK 2............................................................................................................................................5P3. Relationship between different organisational functions and how they help in achievingorganisational objectives.............................................................................................................5TASK 3............................................................................................................................................7P4 Positive and negative impact of macro-environmental factors on business and itsoperations....................................................................................................................................7TASK 4 .........................................................................................................................................10P5 Internal and External analysis of Yorkshire Bank to identify strength and weakness.........10P6 Interrelation of strength and weaknesses of macro environment element on a company....11CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................15

INTRODUCTIONBusiness environment refers to a combination of all factors whether internal or externalwhich have a significant impact of business and its functioning. Business environment is a quitevast term which employs all factors and forces that affect any business entity's capability fordeveloping and maintaining successful customer relationships. In present scenario, chosenbusiness entity is European Metal recycling. This business concern deals in supplying resourcesby converting scrap metals into new innovative products (Crane and Matten, 2016). Thisorganisation is assumed to be a leader in scrap metal market. Furthermore, this company evenhas fair chances of becoming client of Yorkshire bank. It has its operating office in England andworks for loans, mortgages and other key functions. It works as a trading division of ClydescaleBank plc. This bank was founded in 1859 on May,1 and has its headquarters in Leeds, England.This report focusses on various types of business concerns and their legal structure as well.Interrelationship between various departments with their positive as well as negative impact hasalso been mentioned in this report. Lastly, pestle analysis of Yorkshire bank has been conductedin this report.TASK 1P1. Explain different types of businesses along with their legal structures.Business environment is a sum total of all internal as well as external factors that affect functionsand working of a business concern. In today's world, there are are numerous organisations thatare present in competitive market. These organisations are further classified into 3 categoriesnamely public private and voluntary. All these different organisations are further classified asunder: Private sector companyBusiness concerns that are owned and controlled by single or group of individuals areknown as private sector companies. These business concerns operate mainly with profit motiveand raising funds which help in enhancement of productivity level. Private sector businessconcerns are further classified into 2 categories, sole proprietorship and partnership (Chetwoodand et. al, 2014). In present context, European metal recycling is the chosen business entity. Purpose of private sector company: European metal recycling is a private sector firmthat deals in supplying iron related as well as non iron related goods and services. This is a1

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