How Business Operate

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How Business Operate
(TASK 1 & 5)

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COVERED CONTENT
 Introduction
 Classification of business on the basis of public and
private sectors
 Structures within the business of Public and Private
Companies
 Implications on business at local, national and global
economic environment
 Impact of customer Service
 Benefits of customer retention
 Conclusion
 References

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INTRODUCTION
Every organisation exist in environment which consists internal and
external components which directly or indirectly influence on
business operations. Management require to utilise funds, material
and manpower so that items and services are delivered in according
to needs and wants of public. Firm includes human resource,
finance, production, marketing and R&D units which help
administration to accomplish goals and objectives timely. Present
report is based on Walmart which is popular retail store established
in UK.

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Type of business on the basis of private and public
Private sector includes corporations which are started by individuals to utilise
funds and conduct business operations so that appropriate profit is
generated.
Sole trader: This kind of organisation are owned and operated by particular
individual. Small retail shops, musicians and so on are various firms which
are executed by proprietor to deliver appropriate things and generate
adequate profit from business.