Business Environment and Impact of Globalization on Marks and Spencer

BUSINESS
ENVIRONMENT

Table of Contents
INTRODUCTION...........................................................................................................................1
TASK ..............................................................................................................................................1
1) Explain different types of business organisation in different sectors?...................................1
2) Explain different legal structure with their benefits and drawbacks?.....................................2
3)Explain the difference between public and private ownership?..............................................3
4) Explain the United Kingdom competitive policy and the legislative framework?.................4
5)Explain how the competition and market authority operates to review business practice and
impact on the consumer?.............................................................................................................4
6) Explain the objectives and fiscal and monetary policies instruments which can be used by
the government to regulate the economy during the recession?................................................5
7)Define globalisation and its impacts on the business, competition and the economy?...........5
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
A business is defined as an enterprise or an organisation which is engaged in commercial
professional and industrial activities. These businesses can be for profit earning or non profit.
These business are4 affected and at the same time supported by the various business environment
which means that there are external and internal factors which can influence he operations and
activities of the organisation. Marks and Spencer is a multinational British retailer organisation
which is headquartered in London , England. It deals in various product such as apparels, food
home products but is famous for the clothing. The company was founded by Michael Marks and
Thomas Spencer in 1884(Anatan, 2018). This report will include the different types
organisations in different sectors, explaining deferential legal structures, the difference between
public and private ownership, an explanation on UK competitive policies, how the competition
and markets authorities operates in review business practices, objectives of fiscal and monetary
policies that can use to regulate the economy and at last explanation of globalisation and how it
aff3ects business, competition and the economy.
TASK
1) Explain different types of business organisation in different sectors?
A business is a activity that is conducted for earning profits and these businesses can be
differentiated based on different sectors. There are three types of business organisations which is
described below:
 PUBLIC SECTOR- This sector comprises of the both public services and enterprises. In
the economy. These included the public goods and government services. For example
police, military, infrastructure, law enforcement, transport, education etc. the public
organisations are self financing commercial organisations that are under public ownership
which provide various products and services for selling. It is operated on the commercial
basis. These organisations are controlled by the state,local and central government
authorities. Examples of the public organisations are Amcor Plc where it provided
flexible packaging(Braun, and et.al., , 2018).
 PRIVATE SECTOR- This is the sector of the economy in which the individuals can run
their own organisations for earning profits and it is not controlled by the government. The
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