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Business Environment Report of Sainsburry

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Added on  2020-07-22

Business Environment Report of Sainsburry

   Added on 2020-07-22

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BUSINESS ENVIRONMENT
Business Environment Report of Sainsburry_1
Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................3P1- Describe the type of business, purpose and ownership of two contrasting businesses........3P2- Describe the different stakeholders who influence the purpose of two contrastingbusinesses....................................................................................................................................5M1- Explain points of view of different stakeholders which influence the aims and objectives.....................................................................................................................................................5D1- Evaluate the influence different stakeholders exert in one organisation.............................6TASK 2............................................................................................................................................6P3- Describe how two businesses are organised.........................................................................6P4- Explain how their style of organisation helps them to fulfil their purposes.........................7TASK 3 ...........................................................................................................................................7P5- Influence of two contrasting economic environments on business activities.......................7M2- Compare the challenges to business activity ,in two different economic environments.....8TASK 4............................................................................................................................................9P6- Describe how political, legal and social factors are impacting upon the business activities.....................................................................................................................................................9M3- Analyse how political, legal and social factors have impacted on organisations..............10D2- How future changes in economic political, legal and social factors, may impact on thestrategy......................................................................................................................................11CONCLUSEN................................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONAn organisation is a mixture of various segments in which there are many factors whichcan affect an entity productivity. Hence such elements are internal and external and can also betermed as environment. Internal environment consist all stakeholders which are from inside anentity and external environment refer to as such elements which are not in control and affectgrowth badly (Klapper, and Parker, 2011). This business environment concept get understandwith the help of using Sainsburry which is on of the most famous retail outlet in UK. TASK 1P1- Describe the type of business, purpose and ownership of two contrasting businessesIf you want to become self-employed, you'll need to choose from one of several types ofbusiness structure, but be warned - your selection will have tax implications and affect your legalresponsibilitiesThere are three main types of business that those seeking self-employment can look toestablish: sole trader, partnership and limited company these are are as follows:Sole traderThis type of business is owned and managed by one individual. There's no legal distinctionbetween the owner and the company, meaning that all debts and after-tax profits are personallyyours - this is called 'unlimited liability'. Specialist service providers such as plumbers,hairdressers and electricians are often sole traders.PartnershipSimilar to sole traders in the sense that they are subject to unlimited liability, partnerships differin that they involve two or more people pooling their expertise to own and manage the business.Professional service providers such as dentists, doctors and accountants often fall into thiscategory.Limited company
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There are two types of limited companies: private limited companies and public limitedcompanies. The former are often small businesses that don't trade on the stock exchange, whilethe latter are usually well-known businesses that do.Unlike sole traders and partnerships, these businesses are registered at Companies House andhave their own legal rights and obligations (Klapper, and Parker, 2011). Ownership is dividedinto equal parts called shares. Anybody who owns one or more shares is a shareholderOther businessFranchise: This is an already established company, such as McDonald's, KFC and Hertz,that is owned by a franchisor but managed by a franchisee. The franchisor sells the rightto use their business model to the franchisee, who pays an ongoing feeFreelancer/consultant: These individuals have the skills, knowledge and experience in aparticular field to charge organisations for their services.Social enterprise: This type of business is operated to benefit society or the environment,and must transparently reinvest profits to achieve its objectives. Charity: While the trading arm of a charity can be classified as a social enterprise, thecharity itself cannot. Before you can decide how you want to structure your business, you'll need to know what youroptions are. Here's a brief rundown on the most common ways to organize a business:sole proprietorshippartnershiplimited partnershiplimited liability company (LLC)corporation (for-profit)non-profit corporation (not-for-profit), andcooperative.
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