Analysis of Business Environments: Local, National, and Global Sectors

This report provides a comprehensive overview of different business environments, distinguishing between local, national, and global businesses and sectors such as public, private, and voluntary. It elucidates the characteristics of each type, supported by relevant examples. The report also explores various e-commerce marketplace models, including Business-to-Business (B2B), Business-to-Customer (B2C), and Consumer-to-Consumer (C2C), alongside an analysis of market structures like perfect competition, monopolistic competition, oligopoly, and monopoly. The conclusion emphasizes the diverse nature of business activities and the importance of understanding these different environments for effective business operations. Desklib provides access to past papers and solved assignments for students.

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Business environment consist of all internal and external
factors that influence the activities of the business. It
includes customers, competitors, shareholders, human
resource, suppliers, political, legal, social, cultural,
economic, investors and others. Organisation need to
make good relation with both external and internal
environment, to effectively carried down the activities
of business. There are various types of business like
local, national and global, organisation first they need to
specify type of business organisation in which they like
to carried down their business activities, then they can
work accordingly. Business also takes place on the basis
of three sectors like public, private and third sector
(Charfeddine and Zaouali, 2022). Types of marketplaces
are also included with examples. Types of markets are
also included. All the business are defined with
examples.
It refers to the company that provides goods and services to the local people is known as local business. This type of
business owned locally or can be located on multiple locations and carried its business activities in particular area. In other
words, it sells goods and services to the customers in their own town, village, city or geographical area. Organisations can
understand the needs of the society in better way rather than global business. Each business needs to be unique and
innovative to survive in the competitive environment of business and also satisfy the customers in most effective manner so
that they will likely to make purchase again (De Dominicis, 2022).
Business Environment
INTRODUCTION Meaning of local business
Meaning of national business
It refers to the business which operates in a specific country and supply goods and services in domestic market. This type of
business can be found in every industry like healthcare, manufacturing, banking and retail etc. The business which operates
nationally must have at least 20 various locations in domestic country, It should be operate within the boundaries of the
country, they must have low operating cost rather than global markets and they have access to wide market due to their
large size and scale and located on various locations (Ejeh and Yissa, 2022). It has well defined share of market and traded
publicly. They produce goods and services according to culture, liking, need, taste and preferences of the customers.
Meaning of global business
The business which is operated all over the world is known as global business. They open various branches in different
countries, these branches managed by head office, they need to follow the policies formed by host countries. They deal in
wide range of products, huge production size, use ethnoecological advanced methods of production, follow effective
market strategy with the customer satisfaction. Their vision is to earn money from various countries and enhance their
goodwill in all over the world. Huge capital is required to operate globally, they must have capability to raise funds from
various sources. They have to make agreements like sales of technology, patents, resources and production of goods etc.
with host countries. Goods provided by global companies are of standard quality as they use advanced method of
production.

Meaning of public sector
The enterprises which are fully controlled, owned and operated by government is known as public
sector enterprises. It is part of economic system which is controlled by national, provincial and local
governments, and also provides other services related to government. Bodies and institutions which
are set up by an act passed in parliament which exists to provide the services related to public sector. It
is part of administrative governance and economic process that deals with the supply of products by
the government. It is also called the part of economy which is fully funded by the government (Feng,
and Jin, 2022). Publicly owned or sponsored, companies, organisations and other enterprises that is
also known as public entities. Example: Unilever PLC is the public company deal in consumable
goods like food, ice cream, beauty products and personal care products etc. It is public company and
founded in 1929 and headquartered in London, England, UK. Public sector also deals in education,
military, electricity, law enforcement, water. housing, public transit, healthcare, public roads and
justice.
Meaning of private sector
The private sector enterprises refers to those organisations which are run by
one or more that one proprietor in order to attain the goal of the enterprises.
In include all for-profit organisations which are not operated by the
government. In other words it is part of economy of a particular country run
by companies and individuals, accept government entity. Their main aim is
to earn more and more profit with less cost involved in process of
production. Private sector also deals in hospitality, retail, aviation, financial
services, manufacturing, news media, aviation, transportation, automotive
and construction. Example: Lombard Loan is banking company in UK
operated by private sector (Gupta, 2022).
Meaning of voluntary sector
The sector which is comprises of enterprises whose main purpose is to provide benefit to the society in which they exist, without profit motive and with no or very little intervention
of government. Voluntary sector deals in charities, foundations, advocacy groups, recreational sports, organisations based on faith, social welfare organisations and others. Example:
British Heart Foundation is a charity authority of cardiovascular in the United Kingdom. This organisation funds the medical research related to circulatory and heart diseases. This
sector play an crucial role in serving to the society. These organisations funded by social finance, grants from trusts, governments and foundations, charity from shops, trading
activities and contracts for providing services of public at national as well as local level.
Types of e-commerce marketplaces
There are three types of marketplaces are
Business -to-business: It refers to sell goods and services to business. Companies like to offer best customer experience and wide range of products that are available in a single
marketplace of e-commerce (Handy and Sealey, 2022). After Lancing the concept of e-marketplace, the organisations can attract more people and can add various products in their
product line. Example: Conrad is company that supplies electronics to different business enterprises.
Business-to-customer: It refers to sell goods and services to customers. These marketplaces like to attract more and more customers and want to enhance sales. Example: Malianta

References
Charfeddine, L. and Zaouali, S., 2022. The effects of financial inclusion and the business environment in spurring the creation of early-stage firms and supporting established firms.
Journal of Business Research. 143. pp.1-15.
De Dominicis, L., 2022. E-commerce B2B: an investigation of technologies in Italy.
creating and fashion brand online and deal in B2C marketplace.
Consumer-to-consumer: It refers to connection between two people who want to sell and purchase the product. C2C marketplaces connect various people and offer services for
purchase. Example: Postmark is ideal for person who are new to the platform of e-commerce, as they make sell simple (Yapy, 2022).
Types of market structures
Perfect competition: It consist of large numbers of buyers and sellers. All the sellers are small and compete with each other. They deal in
homogeneous products, with the main motive of maximizing profit.
Monopolistic competition: It also comprises of large numbers of buyers and sellers but do not deal in homogeneous products.
Oligopoly: Few big firms in the market. In this market anyone cannot enter in the market there are only 3-5 dominant firms.
Monopoly: In this type of market there is only one seller of goods and services. They can set any price according to their preferences, as
customer do not have any choice so they need to purchase the product on high prices also(Yin, Song, and Zeng, 2022).
Conclusion
In the above report is has been concluded that there are various types of business that deals in different activities according to their nature and concepts, all the business types are
briefly defined in the above project. There are three types of sectors in which business enterprise can carry its business activities. These sectors are public, private and voluntary
sectors. Meaning of these sectors are clearly defined in this project. Types of e-commerce market places are B2B, B2C, C2C are explained in this project with examples. Market
structure types are perfect competition, monopolistic competition, oligopoly and monopoly are also explained in this specified project.