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P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures

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Added on  2021-02-18

P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures

   Added on 2021-02-18

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Business and the BusinessEnvironment
P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures_1
Table of ContentsINTRODUCTION ..........................................................................................................................1LO 1.................................................................................................................................................1P1. Explaining the different types and purposes of public, private and voluntary sectors andtheir legal structures...............................................................................................................1P2. Explaining the types of organisations size, scope at different range...............................3LO 2.................................................................................................................................................4P3. Explaining the relationship between different organisational functions and how they linkto organisational objectives structure.....................................................................................4LO 3.................................................................................................................................................6P4 Identifying the positive and negative impacts of macro environment on the businessoperations...............................................................................................................................6LO 4.................................................................................................................................................9P5 Analysing internal and external analysis in order to identify company strength andweaknesses.............................................................................................................................9P6 Explaining strength and weaknesses interrelate with external macro factors.................10CONCLUSION..............................................................................................................................11REFERENCES .............................................................................................................................12
P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures_2
P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures_3
INTRODUCTION Business environment is the sum of many internal and external factors that affect orinfluence business in different manner and growth. Business environment is dynamic in naturewhich constantly change as per the time or market trend. Present study based on businessenvironment of TESCO in which report describes different other kinds of business form and theiraim or purpose. Therefore, research will be going to explain organisation functions and howthose functions relate to the other functional departments. However, the main concept ofbusiness environment is also discussing in this study which is external or internal factors. LO 1P1. Explaining the different types and purposes of public, private and voluntary sectors and theirlegal structures.Public Sector: Public sector organisation huge in terms of depth, size, generation ofinternal resources, its annual turnover is larger than private organisations. Example of publicsector companies are railway, road transport services, power irrigation and other defenceinstitution who is owned by government (Abzug, 2017). It is mandatory for public company togive 51% share to the central government. In public sector companies, company cannot makedecisions without the approval of government.The main purpose of this sector is to satisfy the consumer needs and wants by giving themlow prices of product or services. Public sector is customer oriented rather than profit orientedlike private companies. Public sector includes public corporations, local council and state services.PLC can sale its company share in market but private firms are not. On the other hand,public limited companies have minimum three directors and should followed article ofassociation and company memo random. Example: Tesco is the public limited company whichliable to follow government prices and proper company code of conduct as per interest ofshareholders.Legal Structure of Public sector Legal structure of public sector is regulated by the government. In which 50% or more thanshare are handled by the government. All the policies of the company and product prices has1
P1. Explaining the different types and purposes of public, private and voluntary sectors and their legal structures_4

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