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P1 Different types & purposes of business organisations

   

Added on  2021-01-02

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BUSINESSENVIRONMENT

Table of ContentsINTRODUCTION ..........................................................................................................................1TASK 1 ...........................................................................................................................................1P1 Different types & purposes of business organisations...........................................................1P2 Size and scope of different types of organisations ................................................................3TASK 2 ...........................................................................................................................................5P3 Relation among different organisational functions and their link with objectives &structure.......................................................................................................................................5TASK 3 ...........................................................................................................................................7P4 Positive and negative influence of macro environment on business operations....................7TASK 4 ...........................................................................................................................................9P5 Internal and external analysis for identifying strengths & weaknesses.................................9P6 Interrelationship of strengths and weaknesses with external macro factors.......................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................13.......................................................................................................................................................14

INTRODUCTION Business environment means a collection of external and internal factors that effects abusiness's operating situation. These factor includes different aspects considering suppliers andcustomers, owners and rivalry, government and laws activities, enhancements in technology andeconomic, social and market trends (Business Environment, 2018). This assignment is based onthree types of business including private, public and voluntary. In the development and growth ofeconomy all those organisations are play vital and effective role. In this chosen organisation isCoca-Cola. Types, purpose, scope and size of three organisation with its legal structure aredetermined in this project. Organisational functions and their relation with its structure andobjectives are also analysed. Internal and external sources of the company and their relation, itinfluence on the business decision making which is also described in this study in detail manner.TASK 1 P1 Different types & purposes of business organisationsThere are different kind of business entity available which play vital and effective role forthe development and growth of economy. In this some of the companies are profit seeking andsome are non-profit enterprise (Reed and et. al., 2013). All these are vary due to theirenvironment, cultures and structures along with the business line. Private, public and voluntarysector with its examples are determined as below: Private: These businesses are run and owned by private individuals. There are some examples ofthis sector including franchises, sole traders and partnership. Main aim and objectives of thissector are growing their business operations, making profit, maximising market share and sales.In this chosen private organisation is Virgin Group Ltd, overview and purpose of these businessare explain as below: Overview of Virgin Group Ltd: It is one of the leading investment business along withthe international originality and appealing brand image (Reinhardt and Stavins, 2010). Thiscompany was founded by Sir Richard with motive to increasing market share. Purpose of Virgin Group Ltd: Main aim and objective of company is to increase thewelfare and development of society by rendering quality in telecom services and products ataffordable price. Legal Structure of private company:1

Sole Trader: It is type of one-person enterprise, usually analysed in trades where onlyminimum amount of capital is needed in order to launch. Partnership:It is a agreement between a two or more persons to form an organisation foraccomplishing a common objectives. In order to overcome may of the issues of a sole trader, apartnership business may be established. In this business minimum 2 and maximum 20employees are working with motive to share their profit and loss. Advantages and disadvantagesof partnership: Advantages DisadvantagesTwo heads are better than one.Someone to offload to. Better decision-making.Cost effectivenessStronger financial powerFinancial problems. Slow decision-makingA partner’s mistakes reflect on youNot suitable for all temperamentsDissolving a partnership is hard. Limited Company: A limited company is a kind of business structure which has beenincorporated or organised into a lawfully distinct body or ‘person’. (Shigang, 2010). This type ofbusiness needed some kind of licences. Such enterprise is monitored by the board of director. Alllimited companies must pay corportation tax, but you may also be elligble for other types oftaxes including VAT, PAYE, Capital Gains Tax and National Insurance Contributions. Oncelimited company is organized, they will require to register for corporation tax. Such kind ofrequirement to be finished within three months. Limited companies are divided into two partswhich are determined as below: Company Limited by Shares: For a company limited by shares, the liability or obligationof the members is restricted by the Memorandum of Association to the minimal amount ofhis/her part or so much which remains unpaid. Company Limited by Guarantee: In this, the liability or responsibility of the members iscontrolled to the measure of susceptibility undertaken by each and every of the members in theMemorandum of Association. Thence, the Private Limited Company members – Limited byGuarantee and they cannot held responsible for an sum higher the measure of guarantee which isseized by the member in MOA (Memorandum of Association). 2

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