Business Environment: Types of Organizations, Legal Structures, Competition Policy, Fiscal and Monetary Policies, and Globalization

Business Environment

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY ..................................................................................................................................3
An introduction to provide an overview of the different types of organisations in different
sectors..........................................................................................................................................3
An explanation of the different legal structures including their advantages and disadvantages.4
The differences between public and private ownership including the different forms of
financing used for both................................................................................................................5
An assessment of the UK Competition policy and the legislative framework surrounding
anticompetitive practices.............................................................................................................6
How the Competition and Markets Authority operates to review business practice and impact
on the consumer..........................................................................................................................6
An understanding of the objectives and fiscal and monetary policy instruments the
government can use to regulate the economy ............................................................................7
An understanding of globalisation and how it affects business, competition, and the economy7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business environment is defined as collection of both external and internal components
that could impact business functions of companies. Internal environmental factors are in control
of companies whereas external components are beyond their control. The organisation which is
considered in this report is Cancer Research is a UK based charity company in the UK
which works in beating cancer. The company was founded in the year 2002 which focus on
Cancer research and Health policies. The following report explains different types of
organisations that operate in various sectors (Rennung and et. Al, 2022). The different legal
structure along with their advantages and disadvantages are also mentioned in this report. This
report also covers difference between private and public ownership as well as several forms of
financing these sectors use. Furthermore, an assessment regarding UK Competition policy and
legislative framework surrounding anti-competition practices is also provided. The discussion
about fiscal and monetary policies that government uses to regulate economy is also being
mentioned in this report. Lastly, the focus is paid on globalisation and how it impacts
competition, business and economy.
MAIN BODY
An introduction to provide an overview of the different types of organisations in different sectors
Sole Proprietorship
This is the most popular and simplest type of business ownership where single owner is
responsible for operating business operations. The single owner is Accountable for taking
decisions and all the liabilities as well as debts.
Partnership
Under this type of business ownership there are two types of partnerships that are limited and
general. Under general partnership, both partners are responsible for investing money com labour
and other components as well as liable towards business debts. On the other hand limited
partnership need formal agreement between both the owners (Vording, 2021). They must also
file a certificate of partnership with the state.
Corporation
Corporation are defined as separate entities and are regarded as a legal individual. This simplifies
that profits created by corporations are taxed as personal income of the organization. Any
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