Business Environment Assignment - business, their purpose and ownership

Added on - Oct 2020

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BUSINESS ENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK1.............................................................................................................................................1P1 Type of business, purpose and ownership of two contrasting businesses.............................1P2 Different stakeholders who influence the purpose of two contrasting businesses.................2P3 Two businesses are organized................................................................................................2P4 Assistance given by style of organization in fulfilling their purposes...................................3P5 Influence of two contrasting economic environments on business activities.......................4P6 Political, legal and social factor's impact upon the business activities.................................4CONCLUSION................................................................................................................................5REFERENCES................................................................................................................................6.........................................................................................................................................................6
INTRODUCTIONAll the external as well as internal factors which can made an impact on decision makingprocess of an organisation are covered under business environment. If they do not consideredthese elements at the time of planning tan they may fail to achieve their short as well as longterm goals. Tesco is one of the most successfully company of retail sector. They are operating inmore than 12 nations and they hold top spot in their domestic market. This report will discussabout different types of business, their purpose and ownership. It will also included influence ofstakeholders on a business. System of organisation which help them in fulfil their purpose willalso become part of this file. Impact of economic environment on an organisation will also getcover. At the end this report will discuss about political, legal as well as social elements whichcan influence business activity of companies.TASK1P1 Type of business, purpose and ownership of two contrasting businessesThe reason of existence made a huge impact on the type of business.Tesco is a publiclimited company, on the other hand their competitor Primark is a subsidiary company ofAssociated British food. The main purpose of Tecso is to maintain their position of table leaderin retail sector on the other hand Primark focuses on provide quality goods and service to theircustomers. Some of their products are expensive and do not target mass audience (Yagyasen,Darbari and Ahmed, 2013). To offer stock at sensible costs; they require individuals as a rule tohave a broad assortment of contrasting options to them, so they offer them incredible qualitythings at sensible costs; This will be expert by looking stores, offering practically identicalthings, and making our costs lower than various spots.Tesco on the other hand focus on providing more goods at a competitive price. They wantto offer every time of item in their store because they have a strategy to enhance their sale byoffering more products. Tesco offers a broad assortment of things and organizations fromessential needs, family things ,attire to assurance. Cited organization's ownership is guaranteedby a couple of accessories , they asserted by countless this is by virtue of Tesco is a PLC and isasserted by investors who sponsor the association.Primark's proprietor, Associated BritishFoods, is the latest association to feel the torment of record low overlaid yields. The socialoccasion's UK benefits plot has dove from a little surplus this time a year back to a £200m lack,1
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