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How Businesses Operate in UK

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Added on  2021-01-02

How Businesses Operate in UK

   Added on 2021-01-02

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How Businesses Operate
How Businesses Operate in UK_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1 BUSINESSES ENVIRONMENT.....................................................................................1TASK 2 BUSINESSES FUNCTIONS............................................................................................12.1 Importance of accounting in businesses................................................................................12.2 different functions carried out by the HR department.........................................................12.3 Key feature for employee legislation....................................................................................2TASK 3 ACCOUNTING PROCESS..............................................................................................2TASK 4 TEAMS.............................................................................................................................44.1Role of teams..........................................................................................................................44.2 Future training events...........................................................................................................4TASK 5 CUSTOMER SERVICE...................................................................................................5Conclusions......................................................................................................................................5REFERENCES................................................................................................................................6
How Businesses Operate in UK_2
INTRODUCTIONThere are different activities in businesses organisation. Many types of organisation existin public and private sectors. Businesses operation focus on generating income. These operationplay major role in growth and development of businesses. Tesco is undertaken for this report.This even control cost and quality of product. This project discuss about businesses environment,types of organisation further it discuss about different types of business structures in UK, Impactof environment like local, global, national, economical in business organisation, importance ofaccounting in businesses, different functions carried out by the HR department, key feature foremployee legislation, role of teams, future training events, different style of leadership, impact ofcustomer service on business success and benefits of customer profiling and services forbusinesses.TASK 1 BUSINESSES ENVIRONMENTCovered in pptTASK 2 BUSINESSES FUNCTIONS2.1 Importance of accounting in businessesAccounting help to get funds for businesses. All the investors, bankers or shareholdersinvest after going through the accounting reports of company. Sound financial reports help inraising of funds easily. This help to do future planning for businesses. From these reportsbusinessman can find out where they can invest savings. These reports help to find out profits offirm. Law make auditing of accounts of accounts compulsory. This help to find out financialposition of firm. This make comparison very easy. Profits of firms can be compared, this willhelp in evaluation of firm position in market. This is extremely important for all businessesorganisation. 2.2 different functions carried out by the HR departmentHR department help in selection and requirement of employees in organisation. This helpin management of man powers in organisation. Here are some of the functions carried out bythis department.One of the important functions of HR is recruitment, there are vacancy in organisationand these are filled with the help of HR.HR mangers help in creating good working conditions for employee, so that they feelgood and work efficiently.1
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