How Business Operates

How business operates

Table of Contents
Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
TASK 1............................................................................................................................................1
Describe the type of organization found in private and public sector.........................................1
Explain the different structure within the different businesses...................................................2
Identify the name of the business concern and explain local, national and global economic
environment impacts the enterprise............................................................................................3
TASK 2............................................................................................................................................4
the importance of accounting in business .................................................................................4
the different functions carried out by the HR department..........................................................4
Outline key features of employment legislation.........................................................................5
TASK 3............................................................................................................................................5
the information on the profit and loss account...........................................................................5
TASK 4............................................................................................................................................6
Determined your and other role in the team................................................................................6
TASK 5............................................................................................................................................7
the impact of customer service....................................................................................................7
Explain the advantage of client identification to a business. .....................................................7
.........................................................................................................................................................7
....................................................................................................................................................7
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Commercial enterprise operates with the use of effective resources that helps the business to
operates in effective manner and enhance the level of effectiveness and growth in the business
concern. Business plan refer to the effective growth and include selection of the founders that
helps the business to operate in effective manner. This includes system, equipment, people and
process need to make the organization function. Different organization operates with the
different process and function that helps to gain better growth and effectiveness in the market.
Effective business growth depends on the various functions and operation that helps business to
gain effective growth and proficiency in the market. This report revolves around different types
of the organization and how they operate in the market to gain better growth and proficiency.
This report includes information about private, public, sector and their functioning. Also this
include information about different structure within the business and its operation, also it include
information about the importance of accounting for the success of the business and growth in the
market. Also this includes different function carried out by the human resource department, and
features of employment legislation.
MAIN BODY
TASK 1
Describe the type of organization found in private and public sector.
There are broad categories of businesses, company structure, and industry exists within
the private and public sectors. In private sector profit seeking companies works for the better
growth and success in the industry and produce goods and services for the customers for the
better growth and effective profitability. The companies rang in the size of small owner to
Multinational Corporation that works for the better growth and development. Below is detail
explanation of private organization working in UK.
Sole properties: private business has many operation of business with the different
functioning and motive. Businesses are organized in different format to provide tax benefits to
the owners, improve operational efficiency, and minimize liability. Sole properties are small
organization that work by the single individual and organize company in small operation. This is
owned by the one individual and has financial structure that helps the owner to work in effective
manner and increase the level of profitability and growth in the market.
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Partnership: These firms are similar to the sole properties but have different owners that
divide responsibility and profit margins among themselves according to the rate of profit and
margins of the partnership. Partnership firms works in effective manner and all the decision
making power of the company depends upon the all the members of the organization. For larger
company this becomes much difficult in the growth and profitability in the business. Partnership
firms focus on the effectiveness in the market and growth and profitability.
Limited liability companies: These are the common structure organizational structure that
protects owner assets and address liability concern with the growth and profitability in the
market. All the responsibilities rests with the company itself for any event occurrence within the
course of normal business and growth in the market. These structures make it more difficult for
the individual owner and become liability in the business market.
Public sector organizations:
Departmental undertakings: It is the earlier form of public sector business, in this
department undertaking that is considered as one of the department of political parties. There is
no diversify existence than the government. The activities control department of government.
Public corporation: This corporation created by the government, in order to take out
these public missions and services that participates in activities or gives services that are also
given by concern business.
Authorities Companies: This organization paid up share capital that is held by the
central government and partly one more state government.
Explain the different structure within the different businesses.
There are different types of the business structure that operates in the different manner and
growth of the business depends on the structure and profitability. In public and private sector
operates in effective manner with the different growth and success in the market. Different types
of organizational structure depend on the type of business and its growth in the market. Below
are different types of organization structure explained:
 Functional organization structure: In this structure people who do particular task
group collectively in the businesses. all department are placed in the finance and
marketing department and also marketing and many more departments.
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