How Business Operate

HOW BUSINESS
OPERATE
Task 1 & 5)

TABLE OF CONTENT
Introduction
Types of organization found in public and private sector
Different structures within the business
Impact of local and global economic environment
Impact of customer service on business success
Benefits of customer profiling to a business
Conclusion
References

INTRODUCTION
Business environment includes both external and internal factor
that can affect the firm in operating their business. This
includes elements like suppliers, latest technologies, laws and
legislation, market and social environment and many more.
Therefore, it is important that organisation should consider all
the aspect for running their business in an effective manner.
Company that has been taken in this is Morrisons.

Types of organisation found in public and private sector
Companies that comes under private sector are not majorly under
control of government or ownership but sometimes they can
collaborate with governmental body so as to deliver appropriate
stuff to its end customers. Whereas public are owned and operated
by regulatory bodies for the betterment of the citizens. Companies
that included in private sector are classified into two i.e.
individual ownership: it is considered as the oldest and simplest
form in business organisation.