This presentation provides an overview of the different types of organisations and their purposes. It discusses the private sector, public sector, and voluntary sector. It also explores the size and scope of each type of organisation. Examples from real companies are included to illustrate the concepts.
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Business and Business Environment (TASK 1)
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Cover Content Introduction Different type and purpose of organisation Size and scope of different type of organisation Conclusion References
Introduction Business is an entity which is mainly involved in the provision of products and services to the costumers, they serve as a director of the economic activities, the business is mostly privately owned or it can be owned publicly, the goods and services which are produced or made through them is then allotted to the market so that people can buy it and use it.
Various types and purpose of organisation. Organisation have different types they can be owned in different ways, various person use to own the business in assorted way as per their choices and according to how much they can invest and in which sector. Some own the business to provide help to public and some for their own profit and the other few people start business for non profit. There are different types of organisation such as: •Private sector. •Public sector. •Voluntary sector.
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Private sector It is a type of business which is owned by people to earn lots of income. This is not established to ruin in non profit manner and it is not at all like public sector. Example of private company- Monsoon is a privately owned company which is established in 1973 in UK. It is having two retailer clothing chains and they make avail accessories. As it is a private company it has the power to plan about its price and they are there to earn profit.
Public sector It is a sector which is ruined and owned by the government bodies and they mainly run this business so that they can be able to provide benefits to the public. For example-Mark and Spencer is a multinational retailer store, which is publicly owned, they provide clothing, luxury food products, home products, and many more things under one roof. There aim is provide clothing to their customers and make them feel comfortable in that. They believe in providing good and quality products to the people.
Voluntary sector This is a sector which is not ruined to earn profit it is mainly owned by group of people together so that they can be able to help people and this is a non profit sector. For example-St. Andrew's is an example of voluntary group which provides help to those people which is suffering form illness and any kind of decease, some of the illness for which they provide help like, disabilities, mental illness, injuries in brain, etc.
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Sizeandscopeofvarioustypesof organisation Size and scope of different organisation mentioned below: Private sector-This is owned by individual person and this mainly focus on earning maximum profit by investing less. Size-Monsooncompanyhasapprox1001to5000 employees working over there and they are having approx $100 to $ 500 million revenue per year. Scope-They have a aim to provide as much as cloths to the customers and they also bring new fashion cloths for their customers so that they can get attracted to their firm and the customers will get new trend cloths.
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Public sector This is a sector which is owned so that they can provide help to the general public and can provide benefits till them. Size-mark and Spencer is having approx 82,904 employees working over different stores which they have and they earn in a year approx 404.4 million. Scope-They want to provide better quality and quantity products to the public in affordable price and they use to introduce more new and quality products to be provided to the customers in there store. They have many different scheme also.
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Voluntary sector This is a sector which is mainly works in non profit zone, this is made by group of people together so that they can help other people which want help and is really in need of help. Size- In this trust there are approx 4000 people working together to help people. Scope-They want to help as much people as they can. And help those who are in problem.
Conclusion From the above it has been interpreted that there are different type o f business so that they can get to know as well as there are relations hip between them. It is necessary to collect information about the si ze and scope of business entity.
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