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Business Environment: Citybus

   

Added on  2020-12-28

17 Pages5221 Words162 Views
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BUSINESS ENVIRONMENT
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TABLE OF CONTENTS
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ILLUSTRATION INDEXIllustration 1: Economic System......................................................................................................6Illustration 2: Market Structures......................................................................................................9
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INTRODUCTIONBusiness is a type of activity that is performed by a person or group of individuals inorder to make money and earn good profit. For the successful establishment, it is crucial forthem to maintain their business environment as this will help them in keeping up the reputationin industry. It includes all internal and external factors which have a huge impact on anybusiness (Bourne, 2016). Present report will talk about Citybus Limited which is a transportcompany operating their business in Hong Kong. This is a private company and one of themajor operators, which provides both franchised and non-franchised bus service. This report will discuss about various types of organization, objectives of differentstakeholders and various responsibilities of a firm. It will also explain about impact of fiscal,monetary, competition policy and other regulatory mechanisms on business organizations andtheir activities as well. Apart from this, market structures, cultural and business environments,importance of global trade to UK business organizations and impact of international factors andpolicies of the European Union is also discussed in this report. TASK 11.1 Identifying the purposes of different types of organizationFor any organization it is very important to identify their sole purpose from the businesswhich can help them in operating their business successfully in industry.Company is a group ofpeople who have same purpose together in order to earn money and profit. These can be dividedinto several group based on their working pattern, such as, private, public sector, voluntary,charity, etc. which has different vision and mission from their business, which is explainedbelow:Private SectorThese organizations are owned privately by an individual or group of people. Theseorganizations generally operates in order to produce a good revenue for their businessand toincrease their sales as well as production in industry. There is immense range for private sectorbusiness as there is only one person for taking decision for the business for its improvement.Their main aim of these types of company is to serve service to their buyers or expand theirbusiness in market (Prajogo, 2016). 1
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