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Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION

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Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION Business environment is a combination of internal and external factors which influences their customer, employee etc. Firm is classified under 3 main categories such as public sector, private sector and voluntary sector and this are listed as follows: Private organizations: Private sector companies mainly deal in earning profits for organisation. They do not have short term vision as well as goals and targets are set on the monthly basis

Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION

   Added on 2020-01-23

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Business Environment
Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION_1
Table of ContentsINTRODUCTION...........................................................................................................................11.1................................................................................................................................................11.2................................................................................................................................................21.3................................................................................................................................................22.1................................................................................................................................................32.2...............................................................................................................................................52.3................................................................................................................................................6REFERENCES................................................................................................................................7
Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION_2
INTRODUCTIONBusiness environment is a combination of internal and external factors which influencescustomer, employee etc. In business, human exercise refers to purchasing raw material,generating income or buying of an item that are performed to obtain cash. Whereas environmentrefers to condition like political, economical, social, technological etc (Gupta, 2013). External business environment refers to the factors which are beyond the control and areunmanageable by the firm. While, internal business environment refers to the changes which areheld in firm and they are controllable as well as manageable by the people working withinorganisation. External issues involve government policy, social, political, legal factors. On theother hand, of management changes, employee morale, different culture, financial changes.1.1Business environment have different association for making profits and consist of widerange. Firm is classified under 3 main categories such as public sector, private sector andvoluntary sector and this are listed as follows:Private organizations:Private sector companies mainly deal in earning profits fororganisation. They do not have short term vision as well as goals and targets are set on themonthly basis. Private companies are making benefits in expanding their business anddeveloping goodwill. In private organisation main purpose is earn profit and maintain a standardin the organisation.Public organisations: Main motive of public sector organization is to serve the society. Theyhave short term vision and mission (Zhang and Huang, 2012). Public sector companies areGovernment hospitals, Parish Council, higher education society. Main purpose of publiccompanies are that commanding in various industries and also focuses on build up publiccompanies who they provide services in affordable range.Partnership firm: According to partnership agreement where person agree by mutualconsideration or by equal sharing. Sole proprietorship is not registered under the legalconsideration. Main purpose of partnership firms is work in the group of partner and share profitwith each other or on the basis of their set profit percentages.Non profit organisations: If in organisation there is profit or loss then the owner is onlyresponsible and it is often called voluntary organizations.. Non profit organisation refers to1
Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION_3
where an entity have some other purpose rather than making profits for the business such asNGO and NHS etc. Main purpose of this organisation is serve others and also provide helps aspossible as they can. Every association have a different reason for motivating their employee. For generalpopulation legislature is open and it is continue process. The funds are utilize for the bettermentof society areas (Augier, Dovis and Gasiorek, 2012). Main purpose for this association is toutilize assets for group. Private firms are running by private people. Private business aresuccessful because for making huge benefit, expanding of their business, exceeding the price ofproduct in industry. Different individual are not possess for harmful gathering. Remain the thingsas they are someone will guaranteed charge the target or change plan on which they arespending. In some of the cases they try to attempt every individual like aide pooches for seeingseparately or Oxfam so forth but end goal should survive at any cost to earn original investment.1.2Business environment is based on three general sort of association such as Public,Private, and Voluntary association. The main targets of these associations are distinctive innature. If public association is there then it will serve individual with a minimum efforts.However, if in case private association is establish then they will serve many people they canwith maximising their efforts and by setting own benchmark. McDonald's is a private ownedfirm and there targets are youngsters and kids for their best results. The firm marketing strategyfor business is famous in worldwide (Park and Kincade, 2011). The product they are serving is ofgood quality. There main aim is to make client happy and attain maximum profits. Firm isbiggest in advertising or for promoting its product in market. Some of the goals that McDonald'sinvolve are work with morale, focus on kin, client can see the things clearly, working in a team,constantly increasing the progress. Company has some responsibilities and objectives towardstheir stakeholders and this are listed as follows:Employees: McDonald's has some objectives towards their employee such solve their problemsrelated to personal issues, salary related issues, solve their conflicts. In addition to that companyalso focuses on their long term stability in the organisation. Customers: Every customer want that their needs must be completed so company set someobjective towards the customers. McDonald's always focuses on customer satisfaction andprovide new range in food items. 2
Business Environment INTRODUCTION 1 1.11 1.22 1.32 2.13 2.2 5 2.36 REFERENCES 7 INTRODUCTION_4

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