Understanding Different Types of Business Environments and Market Structures

This article provides an overview of different types of business environments and market structures such as local, national, global, public, private, and third sector. It also explains the concept of monopoly and monopolistic markets. Examples of each type of business are given along with references for further reading.

It is related to those type of
organisation of the market which has
provided their goods and services to
local population. Their scope of
business are restricted to single
geographical area.
Example of local business
 The scope of business of Local
business is limited to th local
market or the area and the
example is Marshfield Bakery.
It refers to those organisation of the
market which sells and purchase their goods and
services in national level. The business functions
of these type of organisation are limited to single
country or the nation.
Local business National business Global business
It is regarded to those type of business
which has operated their operations in different
nations of the word. The scope of business of
these type of organisation are followed by
different countries of the world.
Example of local and global
business
 The global business has conducted their
business in international markets and
example of the same is Unilever plc.
Business Environment

It is related to those sector of the economy
which is controlled by local state and central
government of the country. The main aim of
the company operating in these sector is public
welfare.
Private sectors
It refers to those sector of the economic system
under which the main control are lies in the
hands of private firms of the market.
Third sectors
It is related to those sector of the
market under which different type of non-
governmental organisations has operated their
business.
Different types of market structures
Monopoly market refers to those market
structure under which there is only one seller
are present for the particular product in the
market.
Monopolistic market refers to those marketing
condition under which many sellers are present
in the market which has provide similar
product but not identical.
 Public sector refers to those sector which
is controlled by government such as
education sector, government owned
defence sector.
 Private sector contains the firms which is
controlled by private businessman such as
Unilever, Tesco and many more.
 All the non-Governmental organisation
which are working for the public utility
came under third sector.
Public sectors Example of public, private and third sector E-commerce market place
It is a buying and selling of goods and
services or transfer of data from one place to
another with the help of electronic means and
internet. There are number of business
structures are present in these sector such as
business to business, business to customer and
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References