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Business and The Business Environment Assignment - Halifax bank

   

Added on  2020-10-05

6 Pages1027 Words169 Views
BUSINESS AND THEBUSINESS ENVIRONMENT
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 the different types, size and scope of organisations.........................................................1TASK 2............................................................................................................................................22.1 Interrelationship of various functions within an organisation..........................................2TASK 3............................................................................................................................................3Covered in PPT.......................................................................................................................3TASK 4............................................................................................................................................3Covered in PPT.......................................................................................................................3CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4
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INTRODUCTIONThe term business environment consists of internal and external factors that influencesthe organisation’s functioning such as; customers, management, workers, regulations and supply& demand. Halifax bank operates as the division of Bank of Scotland. The report will coverdifferent types of organisations and interrelationship between organisational functions. Apartfrom this it will cover organisation's internal strengths and weaknesses and positive and negativeimpact of macro environment (Zhang, 2017). TASK 11.1. Different types, size and scope of organisationsSole proprietorship: - it is also known as sole trader, and is owned by singleowner. It is an unincorporated business, as the tax earned on profits is paid byonly one proprietor. For example, Stephen W Jones service in the UK providesbookkeeping, accountants, etc. services. Partnership: - it is a type of business owned and run by more than one person.They are equally responsible for income or losses that occurs in business. Thereare basically 3 types of partnership; limited, general and joint venture. Private company: - a private company is run under private ownership. It is ownedby either non-governmental organisations or by few number of shareholders.Private company's shares do not trade on public exchange and hence, shares ofthis firm are less liquid. Public company: - it is a type of firm whose shares are traded freely on a stockexchange and is publicly held. Public company is a company with securitiesowned and listed by public. Voluntary firms: - a voluntary organisation is a group of individuals, who createsan agreement as volunteers to form a company to accomplish aims and objectives(Ioannidou, Ongena and Peydró, 2014).1
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