Business Environment: Legal Structures, UK Competition Policy, Fiscal and Monetary Policies, Globalization

Business Environment

Contents
INTRODUCTION.....................................................................................................................................3
Introduction to provide an overview of the different types of organisations in different sectors.....3
Explanation of the different legal structures including their advantages and disadvantages............3
An assessment of the UK Competition policy and the legislative framework surrounding
anticompetitive practices..................................................................................................................4
An understanding of the objectives and fiscal and monetary policy instruments the government
can use to regulate the economy during the recession.....................................................................5
An understanding of globalisation and how it affects business, competition, and the economy......5
CONCLUSION.........................................................................................................................................6
REFERENCES..........................................................................................................................................7

INTRODUCTION
The business environment is defined as the collection of various activities which can
impact the operations of the business organisation. It is very important for the organisations
to take care of the business environment so that the company can focus on achieving the
success and growth. The various internal and external factors can influence the business
operations. The company which is been taken into consideration for this report is Marks and
Spencer which is the multinational retailer brand. The company is headquartered in London,
England. The company is specialised in selling clothing, home products and home products.
The company was established in 1884 by Michael Marks and Thomas Spencer. It has 959
stores in United Kingdom. (Le, Q., Ling, T. and Yau, J., 2018) This report will include various
topic such as explanation of legal structure, how the UK legislations can impact the business
organisation. Monetary and fiscal policies and at last how globalisation can impact the
organisation.
Introduction to provide an overview of the different types of
organisations in different sectors
There are different types of the business organisation and sectors in the business
environment which are affected by the various factors. It is very important for the
organisation to take care of the environment in order to achieve goals and objectives. There
are different types of sectors which in which there are organisations. The different types of
sectors such as public, private. It is been identified that as changes in the legislation and the
policies there is been a change in the business organisations.( Gromoff, A., Bilinkis, Y. and
Kazantsev, N., 2017)
Explanation of the different legal structures including their
advantages and disadvantages
There are different business legal structures of the business organisation in which the
company has t choose one of them. It is very important for the business organisation to adopt
a structure in order to abide to the legal formalities within the environment.
Also, the structure helps the organisation to have a right form of company in order to
complete the various task. The different structures are explained below:
Sole proprietorship- A major benefit of a sole ownership is the elevated degree of
independence the proprietor needs to maintain his business. There could be no different
proprietors to isolate benefits with, which permits a sole owner to utilize organization assets
in any way. Sole owners have somewhat couple of conventions with comply to and very little
guideline from bureaucratic, state and neighbourhood government. Be that as it may, a
significant drawback of a sole ownership concerns the absence of obligation security for the
entrepreneur. This implies a sole owner has a moral obligation to pay each business
obligation and commitment.
Partnership- An organization of at least two people can work together. Accomplices can
share the obligation of dealing with the organization and offer thoughts with different
accomplices. Likewise, accomplices are not expected to document annual duties as a business