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Business and the Business Environment- TESCO

   

Added on  2020-10-05

13 Pages3639 Words347 Views
Business andthe BusinessEnvironment

Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY .................................................................................................................................3P1: Different types and purposes of organizations along with their legal structures..................3P2: Size and scope of a range of different organizations............................................................5P3: The relationship between different organizational functions...............................................6P4. Identify the positive and negative impact of macro environment upon business operations......................................................................................................................................................6P5. Conduct internal and external analysis to identify the strength and weaknesses of theorganisation.................................................................................................................................8P6. Explain how strengths and weaknesses interrelate with external macro factors..................9CONCLUSION .............................................................................................................................11References......................................................................................................................................12

INTRODUCTIONBusiness Environment refers to the business depends upon the various factors that are beyond thecontrol of enterprises but the business still rely on all of these factors which have a direct impacton the operations of business or control the overall performance of an organizations with themotive of to run the business as long term (Montaigne, 2014). In this report chosen company isTESCO. The organization is a general retailer in England, UK. This company is the third-largestretailer at worldwide in terms of gross revenue and ninth-largest retailer in terms of revenues.TESCO deals in many categories of items like- clothing, furniture, financial services, internetservices, electronics, books etc. This report aims on different types and purpose of organisationthat work under public, private and voluntary sector along with they followed legal structure alsocontains description of size and scope of these sectors. In addition, emphasis on relationship ofTESCO with different functions of organisations also effect of macro environment on businessoperations. This presentation focuses on internal analysis of TESCO and how the internal factorsinfluence the decision-making of the company.MAIN BODY P1:Different types and purposes of organizations along with their legal structuresPublic Sector: The companies which are under public sector are completely accountable to thecentral government. The arrangement of finance to the public sector companies is done by thegovernment itself and these organization have to supply their services to the general publicinstead focuses on profit making (Miller, 2018) The purpose of this sector is completely towardsthe welfare of the society and as well as the citizens of the country. The legal framework of public sector is discussed in below:Central Government:- This government have more powers over a unitary state. It issubdivision of federal government which have different powers at different level to control allthe activities at national level. State Government:- This governments are those who work under and control of centralgovernment. This government deals with internal security of the state and issue of other state aswell.

Local Government:- This government accountable for specific population, areas, anorganization and have authority to perform public activities. This government exist at lower levelof government.Private sector: This sector is run by the companies or an individuals not by thegovernment. The government is not allowed to interfere in the businesses of these sector.Although, private sector regulate its business under the legal provisions of the government byfollowing all the policies and procedures (Hill, 2018). The purpose of this sector companies areto earn more and more profits by producing products by the use of resources. The legal framework of private sectors are explained below:Partnership: It is a form of business where two or more individual share profit and loss,ownership and responsibilities to manage the company. The partners is not liable for the taxseparately as they have to pay the tax with their mutual consent on the behalf of the organization.Sole-proprietorship:- This is simplest form of the business. An individual personallystarts a business and pay its tax liability by itself. The trader alone provide the finance and bearthe risk. On the other hand, they have full control over the company and enjoy all its profits. Limited company: The company acts as a joint stock company in which shareholdersare the part of business. No any kind of shares sold to the general public. When a companyformed the documents which are required such as memorandum of association and article ofassociation to complete the legal formalities (Klapper and Parker,2015).Voluntary Organizations: This types of organizations refers to the groups in whichindividuals enter into an agreement to achieve a common goal.This types of companies are runswith the motive of not for profit. Legal structures of voluntary organizations areAssociations:- It refers to the group in which people associates together to carry outsome common objectives. It is the agreement between the associates who maintain the right andduties which they have to perform with each other. It doesn't require any cost to set-up and don'tneed to register this association. Each member is responsible to pay the debts (Ward and et. al.,2015).Company limited by guarantee:- It is refers to the company in which they don't haveany share or shareholders but assure some type of guarantee to pay certain amount as company'sdebt and only pay debt up to the amount of guarantee.

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