Business Environment Task- 1.

Business Environment
Task- 1

Cover Content
 Introduction
 Types of organization and its legal structure
 Size and scope of various organization
 References

Introduction
Business environment is all about understanding changes which
is occurred at marketplace in order to run their organization in
more effective manner. However, number of companies are
emerging at marketplace with distinct motives , size, scope and
so on. Thus, assignment is going to highlight various types of
associations and their major target towards overall nation and
society.

Types of organization and there
legal structure
Business Environment consider variety of firm as public, private
and voluntary organization. These are explained below:-
 Public
 Private sectors
 Voluntary sector

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Sole traders: A particular person is such who run different
business at once and although they do have an separate
entity from each other in right format too. Hence, director
of the business is considered as liable for losses and
proprietor which is being earned by different thing. Owner
and individual person is that who has an different legal
identities from each other in great way.

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Partnership: It is considered as when the company is
introduced by two or more two people. They do all invest
some part of there amount in business for having and
dividing the loss and profit among various partners for
particular association in perfect way.

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Partnership: It is considered as when the company is
introduced by two or more two people. They do all invest
some part of there amount in business for having and
dividing the loss and profit among various partners for
particular association in perfect way.

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Limited company: Companies do have an special status in
laws and also has an legal identity in great way. Limited
firm is such who can sue and have an assets because it is
right in things. These are those enterprises which are
registered in firms by registrar.

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Size and scope of various
organization
There are different kinds of organization and these are
categorized on the grounds of size and nature such as small,
medium and large companies. There are several description
which are as under:
 Public sector – Child support agency is that organization
which come under public industry.

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References
Hair, J. F., 2015. Essentials of business research methods.
ME Sharpe.
Hamilton, L. and Webster, P., 2015. The international
business environment. Oxford University Press,
USA.

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