logo

Business & the Business Environment of SME'S

   

Added on  2021-01-01

9 Pages2510 Words454 Views
Business & the BusinessEnvironment

Table of ContentsBusiness & the Business Environment.......................................................................................1INTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1Explain different types and purposes of organisations; public, private and voluntary sectorsand legal structures......................................................................................................................1Micro, small, medium-sized enterprises (SMEs). Different business purposes, objectives andsupply of goods and services. .........................................................................................................1Range of legal structure associated with different forms of business.........................................2Explaining the size and scope of a range of different types of the organisation.........................3Explaining relationship between different organisational functions and their link with theorganisational objectives and structures......................................................................................5Advantages and disadvantages of interrelationship between organisational functions havingimpact over the organisational structures....................................................................................6CONCLUSIONS..............................................................................................................................6REFERENCES................................................................................................................................7

INTRODUCTIONThis study will highlight types of organization, their size and scope, interrelationship ofvarious function within the organization and how they are link to organizational structure. Thisstudy also highlights legal structure associated with sole traders, partnerships and private limitedcompany. TASK 1Explain different types and purposes of organisations; public, private and voluntary sectors andlegal structures.Various business structures differs from each other due to there different legal formation,size, scope, policies, etc. different types of business structures can be analysed as under:Difference between non profit organisations and non government organisations:Basis Non profit organisation(NPO's)Non government organisation(NGO's)FormationNPO' s need not to be ctreated byany legal person. NGO's are created by the legalpersons of the country who are notpart the government. Use of profitProfits earned by NPO's are usedfor the purpose of operatingfurther operations of country.NGO's uses there profits for thepurpose of doing charity in thesociety (Horn, 2017). i.e. for thesocial and health care purpose. Raising funds. NPO's raise funds by earningprofits, issuing shares or throughgetting donations.On the other hand, NGO's gets fundsfrom the government authorities. CreationNPO's are created under thecompanies Act of the country.Whereas, the NGO's are createdthrough the government authoritiesbut are not articulated by any of thegovernment. Micro, small, medium-sized enterprises (SMEs). Different business purposes, objectives andsupply of goods and services. Micro, Small and Medium sized enterprises defined as per UK concept is as follows:1

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Differences between profit and non-profit organizations, micro, small, and medium-sized enterprises, and interrelationships of organizational functions
|14
|4816
|46

Unit 18 Global Business Environment : Assignment
|9
|2455
|23

Business and Environment: Types, Sizes, and Functions of Organizations
|14
|1025
|70

Business Environment Assignment : Unilever
|17
|5535
|138

Business Environment
|14
|957
|72

Business Environment
|14
|896
|34