Assessment of Various Types of Organizations

Business and business
environment
TASK 1

P1 Assessment of various and purposes of organizations.
• Private Sector: One of the major sector that consist of various
small and global organization regulating in very industry.
Organization in this sector are considered as private firms which
ultimately regulate their business with an aim of maximizing
profits and increasing there growth in Economy. In UK,
presently there is major contribution of these private sector
firms towards increasing the rate of GDP. Private firms not
offers there shares to public at large.

Cont...
Sole trader: It is considered as simplest form of structure in which
there is one single owner who regulates the business operations and
liable for every business situation either profit or loss.
Partnership firms: Major form of private sector organizations in
which the company or individuals makes an agreement for working
together in business for achievements of profits.In UK, presently
there 1.2 million partnership firms existing that have huge
contribution in economic development of country.

Cont...
• Private limited Company: It is a company which is held
private individual for small business purpose. In this, liability
held by partners are limited as per the contribution of investors.
Public sector organization: Large business firms that operates there
business at international level with an aim to satisfy the needs of
people and achievement of target return from the investments. In
this context, Marks & Spencer is considered as public limited
organisation as it generates its financial resources from the public
by issuing shares. Government have there shares in this
organization as it aims to satisfy the needs of consumers.