How a operate (TASK 1).

PLAGIARISM REQUIRED TURNITIN , PLAGSCAN

Prepared by: Michael K. McCuddy
Published by: John Wiley & Sons Canada, Ltd.
How a business
operate
(TASK 1)

Table of content
 Introduction
 Different types of public and private organisations
 Different structures within businesses and reason for
variation
 Impact of local and global economic environment on
selected business
 Conclusion
 References

Introduction
 Business environment is an intermixture of internal and
external factors that has a huge impact on firm's
performance and production level.
 In this modern era, wide range of organisations are
getting emerging at marketplace by having certain
motives.

Different types of public and private
organisations
In UK, business associations are not operate in same manner,
a firm's classification is depend upon various things, like
the one who owns the company and extent to which those
people are responsible for firm's liabilities and working
activities.
There are two main types business organisations, such as –
public and private organisations.

Continue...
Following are the some
public companies are
stated as under: -
 British Petroleum
 Rolls Royce
 Burberry group plc
 TESCO plc
Examples of private business
organisations are -
 River Island
 Merlin Entertainments
 ZARA
 2 Sisters food group
 Iceland Ltd

Different structures within businesses and
reason for variation
Structure of private business organisation: -
 Sole proprietorship
 Partnership
 Corporation

Continue...
Structure of public business organisation: -
 Vertical organisational structure
 Horizontal organisational structure

Impact of local and global economic
environment on selected business
 The economic environment of business is affected by
internal and external factors. An internal factor that
affects the business environment is the cost of labor,
materials, processes and procedures.
 The larger economic environment of a society is a factor
that can affect a company's business environment.
During a recession, consumers spend less on optional
items such as cars and appliances.

Conclusion
 From the above mentioned report, it get analysed that
operating a business organisation in successful is not a
easy task for every organisation, it requires systematic
functioning and formulating strategies so as to reduces
the chances of errors.
 Economic conditions of UK also has wide impact on
growth and advancement of organisations thus it is
essential for management to analyse them properly, then
make strategies.

References
Shenkar, O., Luo, Y. and Chi, T., 2014. International
business. Routledge.
Storey, D. J., 2016. Understanding the small business sector.
Routledge.
Ward, J., 2016. Keeping the family business healthy: How to
plan for continuing growth, profitability, and family
leadership. Springer.

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