Business And Business Environment - Merrill Lynch PDF
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Added on 2021-02-22
Business And Business Environment - Merrill Lynch PDF
Added on 2021-02-22
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Business And Business Environment
Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 P1: Types of associations and its purpose.............................................................................1 P2 Various kinds of establishment's scope, size, objective ...................................................3 TASK 2............................................................................................................................................5 P3 Interconnectivity between business function and its link with company structure...........5 P4. Positive and negative impacts of macro environment upon business operations............8 P5. Internal and external analysis of specific organisation..................................................10 P6 Relatedness of strength and weakness with macro factors............................................11 CONCLUSION..............................................................................................................................13 .......................................................................................................................................................13 REFERENCES................................................................................................................................1
INTRODUCTION A business is termed as an organisation or a system where the activity in regards to the exchange of goods and services are performed so that the expectations of the users can be fulfilled. Business is mainly concerned with the earning of maximum amount of profits. Along with this, business environment is also refers to as the accumulation of all internal and external factors which have significant impact over the operating of the association and its growth and enhancement. For this current report the chosen association is Merrill Lynch which is an investmentcompany.Thisreporthasbeenpreparedconsideringvariousformsofthe organisation that is private, public and voluntary association along with their roles, size, scope and purpose. In addition to this the report also covers the study about the interconnectedness of the different functional department of the organisation with the request of appropriate theories or concepts that are associated to the business environment. At last, this project also study about the various micro environmental factors such as internal and external and their impact on the business environment(Babu, 2012). TASK 1 P1: Types of associations and its purpose Businessiscoinedastheactivitywhereanindividualsseekstoearnprofitsby performing the activity of buying and selling of the commodity in the market place. Every businessoperatestheirbusinessprovidecertainbenefitsandopportunitiessuchasjob opportunity, growth and development opportunity etc. These various forms of business are as mentioned : Public This refers to the form of business where all the activities are under the control of government and are established with the aim to serve its citizens. Public organisations are also termed as the association which are fully managed and controlled by the government authorities. For instance– Bank of England is the public organisation that is fully operated by the government authorities. Purpose- The operating of this association is done with the aim of serving its public with better quality of products and services rather thanearning of profit. The main purpose of Bank of England is to bring the economy towards the position of stability(Hillary, 2017). 1
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