How Businesses Operate

How Businesses Operate

Table of Contents
TASK 1 4
1.1 Explain the different type of organisation found in public and private sectors with examples. 4
1.2 Explain various types of organisation structure within the business. 5
1.3 Describe the impact of local, national and global economic environment through PESTLE. 9
TASK 2 10
2.1 Discuss the importance of accounting for success of business. 10
2.2 Explain the functions of HR department in business. 10
2.3 Explain the features of employment legislation 11

INTRODUCTION
 Business refers to a an organisation or enterprises which is engaged in various activities such as commercial,
industrial, professional etc. (Bonacich and Modell, 2021). It is an organised efforts of an individual and a group
of people who manufacture goods and services and sell their service and goods for achieving higher profit