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Business Environment of HSBC : Report

   

Added on  2020-01-21

10 Pages2535 Words82 Views
BUSINESS ANDBUSINESSENVIRONMENT ION17459

TABLE OF CONTENTSINTRODUCTION.......................................................................................................................................3TASK 1.......................................................................................................................................................3TASK 2.......................................................................................................................................................5TASK 3.......................................................................................................................................................8TASK 4.......................................................................................................................................................8CONCLUSION...........................................................................................................................................8REFERENCES............................................................................................................................................9

INTRODUCTIONA business is such entity that involved in production of goods and services. Business environmentincludes both internal and external factors which influence the functioning of an enterprise. This report isabout HSBC which is world’s most respected and leading international bank. In this report, differenttypes of organizations of London are explained with their importance and objectives of formation. It willhelp the reader to understand different types of organizational structures followed by the clients of HSBC.TESCO is one of the biggest client of HSBC (Chavis, Klapper and Love, 2011). TESCO is amultinational retail corporation which deals in both food and non food products. This study also includesvarious external as well as internal factors which effect the business operations of TESCO. Through thislearning, reader will come to know about both positive and negative impacts of these factors on variousfunctions of entity. TASK 1HSBC is a public limited company which involves in banking and financial services. It deals withseveral types of organizations. There are generally four types of companies which exist in the market.These are discussed as under:Sole Trader: It is the oldest form of a business organization. It is also known as singleentrepreneurship or individual proprietorship. It is such enterprise which is owned by one person.It may include one or more employees and is very common form or ownership in UK (Beaumont,WHITAKER and PEDERSEN, 2013). It is one of the easiest forms of organization because itdoes not require any paperwork at the time of its formation. Theses types of entities are usuallysmall in size, as run by sole proprietor. Main objectives behind its formation are to create selfemployment, to utilize funds, to serve customers directly, provide independent living andfacilitate services to large firms. Main advantage of sole trader ship is that it is easy to form andwindup without any legal formalities. It also facilitates quick decision making, independentcontrol and secrecy of business affairs, personal contacts and flexibility (Craig and Campbell,2012). It also has disadvantages like limited capital resources, unlimited liabilities to owner,uncertain life and limited scope for expansion of business. Partnership: It is such business which is run by two or more owners of enterprise. HSBC alsodeals with these types of firms. It is normally formed by using partnership deed which is a type ofan agreement between all parents. These enterprises are generally small or medium in size. The

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