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Business and Business Environment: PDF

   

Added on  2020-10-05

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BUSINESS AND BUSINESSENVIRONMENT
Business and Business Environment: PDF_1

Table of ContentsP1 Types and purpose of various organization...........................................................................1P2 Size and scope of various organization..................................................................................3REFERENCES................................................................................................................................4
Business and Business Environment: PDF_2

P1 Types and purpose of various organizationCorporate world is expanding across the regions with numerous purposes and distinctivemotives towards overall nation. However, number of organizations are identifies at marketplacebut totally different from each other in various aspect (Burns and Winter, 2011) . It means, threetypes of associations are determined but differ in work and performed their job role as per theirobjectives. Hence, various types of organizations are discussed as follows:- Private sector:- Private sector is also known as citizen sector whose main motive is togain maximum profit by satisfying more or more clients across the international boundaries.Basically, these type of organizations are run or controlled by individuals, groups or partners inorder to generate maximum revenue. Along with this, focussing on acquiring consumer trust orloyalty for continuing their business for longer time period. Beside this, private business areclassified into three main parts such as; Sole trader:- If an association is controlled or managed by single person without sharingliabilities or profit with any other member is known as sole proprietors. For example;plumbers, repairmen, designers and so on.Partnership:- According to this component if there is sharing of liability and profitbetween more than two members then it is known as partnership. Some of the companieswhich are established in partnership are; in between two friends, brothers and so on. Itmeans liabilities are share between two of them such as; dentist, clinic, accounting etc.Small and medium enterprises:- Number of small organizations are establishing atmarketplace with distinct motive such as; in retail, hospitality, food services hence forth. Large multinational companies:- As per this large number of organizations areestablishing at international marketplace with various motive and purposes. Along withthis trying to expand business in distinct regions for gaining maximum benefits such as;Apple, PepsiCo. Hence, number of private companies are determine at marketplace for gaining maximumbenefits by satisfying consumers (Chow and et. al., 2011) . For example; River Island one of themost successful fashion brand in UK which was found in almost 1948 in order to facilitateconsumers with qualitative products. Their main purpose and legal structure is described asfollows:- 1
Business and Business Environment: PDF_3

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