Report on Elements of Business Environment (DOC)
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Added on 2020-06-04
Report on Elements of Business Environment (DOC)
Added on 2020-06-04
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Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1. Types of business, purpose and ownership...........................................................................1P2. Impact of the stakeholders on the purpose of organisations.................................................2TASK 3............................................................................................................................................3P3. Managing of the business structures and their functioning areas.........................................3P4. How organisation style helps them to fulfil their purposes..................................................4TASK 3............................................................................................................................................5P5. Influence of two contrasting economic environments on business activities within aselected organisation...................................................................................................................5TASK 4............................................................................................................................................5P6. Political, legal and social factors are impacting upon the business activities of the selectedorganisations and their stakeholders...........................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONBusiness is a set of activity which deals with the production of good and services by aorganisation. Manufactured goods are sold in the market and the owner earn profit by them.Businesses are not confined to this particular description but there are some activities which arealso part of it. For success of any enterprise there are some factors which need to be taken careoff. These elements make a business environment and any variations in these would effect thecompany. Changes could give positive as well as negative results to them (Wetherly and Otter,2014). It will influence almost every aspect of an organisation, it can be nature, its location,prices of their products, distribution system or the personnel policies. TASK 1P1. Types of business, purpose and ownership.Public Business – This means that these businesses are owned by the government whichmeans that they can either be listed on the stock exchange or they can be unlisted but it alldepends on the size and local legislation of the companies. Example can be NHS and Fireservices.Private Business –This means that it is a company that is owned by a person that is notin the government which means that the stock that the company have can only be tradedprivately.Not For Profit–These are the companies or organisation who believes in serving thehumanity without any person benefits. Different Types Of OwnershipSole trader:A sole trader is a business that is owned by only one person although theymay employ more workers. People who provide a specialist service like plumbers, hairdressersor photographers are often sole trader because they all work alone(Fernando, 2011).Partnership:A partnership is where two or more people own a business. Mostpartnerships are between two and twenty members.Franchise:A business plan is sold by a franchiser to a franchise.A franchise is where abusiness sells a sole proprietor the right to set up a business using their name.1
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