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Identifying the different types of business entities in UK

   

Added on  2020-02-05

18 Pages4735 Words333 Views
BUSINESSENVIRONMENTStudent name: RaduTeodorCristea

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................31.1 Identifying four different types of organizations in UK........................................................31.2 Identifying the stakeholders of the organization and their objectives in the company.........41.3 Explaining various responsibility of the organization...........................................................52.1 Identifying the different types of economic systems.............................................................52.2 The impact of fiscal and monetary policy on business organization and activities of thatcountry.........................................................................................................................................62.3 Impact of competition policy and analyzing the competition act..........................................83.1 Different market structure and how market structure determine the price............................93.2 Way in which organizational responses are affected by the demand and supply and theirelasticity.....................................................................................................................................103.3 Way in which cultural environment and cultural diversity shapes the behavior of apple andSamsung.....................................................................................................................................104.1 Importance of international trade.........................................................................................114.2 Impact of global factors on business of UK........................................................................12

4.3 Impact of different economic, business, rules laws of European Union on UK business...12CONCLUSION..............................................................................................................................13REFERENCES..............................................................................................................................14

INTRODUCTIONBusiness environment is basically where business operates its functions. In this report, ittalks about the effects of EU on the business of UK. Even it focuses on the factors whichdetermine the price of products. Further, it emphasizes on the factors which affects theregulations and laws which are made by the government. Lastly, it stresses on the political,economical and technological environment which impact the UK business.1.1 Identifying four different types of organizations in UKThere are different types of organizations whose objective, mission and vision aredifferent from other organizations. The major 4 types of organizations are:Private organization- Main objective of private organization is to earn profit. They areinterested in creating competitive advantage in the industry in which they are operatingtheir business. For example, Apple and Samsung (Yew Wong and Aspinwall, 2004).Public organization- These organizations generally provide government services. Thisincludes military, police, etc. All the funding decisions are taken by the government andthey are responsible for the operations which are taken by these types of organizations.Charity organization- The main purpose of charity is to provide benefits to publicwithout seeing their interest. They generally work with the help of funds which are beingraised by the big organizations (Klapper, Laeven and Rajan, 2004).BasisApple SamsungVisionThe vision of Apple is tobecome technologicallyadvanced as compared to itscompetitors.The vision of Samsung is tobe innovative in the productand to inspire the world by itstechnologies which it is usingin its products.MissionIts mission is to design thetechnologically upgradedproducts. Besides this, it isranked at first in the iPodsand iTunes online store.The mission of Samsung is tobecome the leader in terms oftechnology in the emergingmarket and building a strongbrand in the eyes ofcustomers.Goals The goal of Apple is tomodify the commonly usedproxies and even beingaccurate in achievingaccuracy in the softwareprojects.The current goal of thisorganization is to reduce thegas emission by 50% to savethe environment.1

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