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

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......6
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- It is been aidentified that teh major advantage of sole propritorship
which is that elevated degree of independence which can be achioveed by the owner of the
busienss organsiation. Teh person can enjoy the advantage of teh full ownership with this
kind of strcuturte. Also teh owner has full security of teh busienss enterprise where all teh
ssests and liabilities of the single person who is teh ownber of the enterprise. This implies a
sole owner has a moral obligation to pay each business obligation and commitment.
Partnership- This is teh strcuture of the organsiation where the teo people are incolved
within teh organsiation who work together in order to achive the organsiational goals. The
partnership is teh type of srcututure where teh assesta and liabilities are been distributed
among the partners in order to function properly. Then again, an association offers no private
resource assurance for accomplices of the business. An accomplice might be even obligated