Business and Business Environment

BUSINESS AND BUSINESS
ENVIRONMENT

Introduction
Organization is a group of people working
together for a common goal and task.
While working in the organization the
managers has to do different types of work
like planning, organizing, coordinating and
controlling.
Organization has to work under different
type of environment which depends on the
political, economic, social, legal and
technological environment of the country in
which it is doing operation.

P1: TYPES AND PURPOSE OF
ORGANIZATION
Sole trader: Sole traders run their business
on their own.
There is no separation in the liability of the
owner and the business organization.
It is best suitable for the small investors.

Contd...
Public organizations : Public organizations
are those which are controlled by the
government bodies. Their main aim is not
profit but serving for the society.
They are autocratic in nature.
They do not focus on the profit making but
focus on the betterment of the society.
There control is centralized.