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Describe the business environment of two contrasting businesses

   

Added on  2020-06-06

12 Pages3111 Words484 Views
BUSINESS ENVIRONMENT

Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1- Describe the type of business, purpose and ownership of two contrasting businesses........1P2 Describe the different stakeholders who influence the purpose of two contrastingbusinesses....................................................................................................................................2M1 Explain points of view of different stakeholders which influence the aims and objectives.3D1 Evaluate the influence different stakeholders exert in one organisation...............................3TASK 2............................................................................................................................................3P3 Describe how two businesses are organised..........................................................................4P4 Explain how their style of organisation helps them to fulfil their purposes..........................4TASK 3 ...........................................................................................................................................5P5 Influence of two contrasting economic environments on business activities........................5M2 Compare the challenges to business activity ,in two different economic environments......6TASK 4............................................................................................................................................7P6 Describe how political, legal and social factors are impacting upon the business activities.7M3 Analyse how political, legal and social factors have impacted on organisations.................8D2 How future changes in economic political, legal and social factors, may impact on thestrategy........................................................................................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9

INTRODUCTIONAn association is a blend of different sections in which there are many components whichcan influence an element profitability. Subsequently such components are inner and outer andcan likewise be named as condition. Inner condition comprise all partners which are from insidea substance and outer condition allude to all things considered components which are not incharge and influence development seriously. This business condition idea get comprehend withthe assistance of utilizing Sainsbury which is on of the most well known retail outlet in UK.TASK 1P1- Describe the type of business, purpose and ownership of two contrasting businessesOn the off chance that you need to end up noticeably independently employed, you'llhave to browse one of a few sorts of business structure, however be cautioned - yourdetermination will have impose suggestions and influence your legitimate duties There are three fundamental sorts of business that those looking for independent work can hopeto set up: Sole traderThis sort of business is claimed and overseen by one person. There's no legitimate qualificationbetween the proprietor and the organization, implying that all obligations and after-expensebenefits are by and by yours - this is called 'boundless risk'. Expert specialist co-ops, forexample, handymen, beauticians and circuit repairmen are regularly sole brokers.Partnership Like sole merchants as in they are liable to boundless obligation, associations contrast in thatthey include at least two individuals pooling their skill to claim and deal with the business.Proficient specialist co-ops, for example, dental practitioners, specialists and bookkeepersfrequently fall into this classification.Limited companyThere are two sorts of restricted organizations: private constrained organizations and openrestricted organizations. The previous are regularly independent companies that don't exchangeon the stock trade, while the last are normally notable organizations that do. 1

Not at all like sole brokers and associations, these organizations are enrolled at CompaniesHouse and have their own particular lawful rights and commitments. Possession is separated intoa balance of called offers. Anyone who claims at least one offers is a shareholderOther businessFranchise:This is an officially settled organization, for example, McDonald's, KFC andHertz, that is claimed by a franchisor yet overseen by a franchisee. The franchisor pitchesthe privilege to utilize their plan of action to the franchisee, who pays a continuouscharge Freelancer/consultant: These people have the right stuff, learning and involvement in aspecific field to charge associations for their administrations. Social enterprise: This sort of business is worked to profit society or the earth, andshould straightforwardly reinvest benefits to accomplish its goals. Charity: While the exchanging arm of a philanthropy can be delegated a social venture,the philanthropy itself can't. Before you can choose how you need to structure your business, you'll have to realize what youralternatives are. Here's a concise summary on the most widely recognized approaches to arrangea business: sole proprietorship, partnership, limited partnership, limited liability company (LLC),corporation (for-profit), non-profit corporation (not-for-profit), cooperative.P2 Describe the different stakeholders who influence the purpose of two contrasting businessesPartners are diverse gatherings of individuals that have an enthusiasm for the operations of abusiness. Shareholders are a noticeable partner bunch for an openly possessed organization.Partner is anybody with an enthusiasm for a business. Partners are people, gatherings orassociations that are influenced by the action of the business. They include:Owners: who are occupied with how much benefit the business makes.Managers: who are worried about their pay. Workers: who need to gain high wages and keep their employments. Customers: who need the business to create quality items at sensible costs. Suppliers: who need the business to keep on buying their items. 2

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