Report on Type of Business and Ownership : British Airways (BA)

Added on - 03 Jun 2020

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BUSINESSENVIRONMENT
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1 Types of businesses, purpose and their ownership.........................................................1P2 How stakeholders impact upon the purpose of business...................................................2TASK 2............................................................................................................................................3P3 Describe how two businesses are organised.....................................................................3P4 How their organisational styles helps them to fulfil their purposes..................................4TASK 3............................................................................................................................................5P5 Describe the influence of two contrasting economic environments................................5P6 Impact of political legal and social factors on business activities.....................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONThe business environment consist of the surrounding factors that either help of hinder thedevelopment of business. It needs living person, natural resources and places and things to exist.The sum of all these factors and forces is called the business environment (Klapper, Lewin andDelgado, 2011). This project is based upon British Airways (BA) which is the largest airline inthe United Kingdom based on fleet size. In this present report, there will be a discussion on typesof business and their ownership. Along with this, the assignment also consists that there arevarious types of stakeholders that put a huge impact on organisations. Economic environment ofbusiness enterprises are also discussed in this report.TASK 1P1 Typesof businesses, purpose and their ownershipThese are the basic types of business ownership and their purpose: -Sole ProprietorshipA sole proprietorship is a business owned by only one person. It is easy to set-up and isthe least costly among all forms of ownership. The owner faces unlimited liability; meaning, thecreditors of the business may go after the personal assets of the owner if the business cannot paythem. The sole proprietorship form is usually adopted by small business entities.PartnershipA partnership is a business owned by two or more persons who contribute resources intothe entity. The partners divide the profits of the business among themselves. In generalpartnerships, all partners have unlimited liability. In limited partnerships, creditors cannot goafter the personal assets of the limited partners.CorporationA corporation is a business organization that has a separate legal personality from itsowners. Ownership in a stock corporation is represented by shares of stock. The owners(stockholders) enjoy limited liability but have limited involvement in the company's operations.The board of directors, an elected group from the stockholders, controls the activities of thecorporation (Belás and et. al., 2015).In addition to those basic forms of business ownership, these are some other types oforganizations that are common today:Limited Liability CompanyI
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