The Business Environment - M&S
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Added on 2020-06-04
The Business Environment - M&S
Added on 2020-06-04
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The Business Environment
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1- Describe the type of business, purpose and ownership of two contrasting businesses........1P2- Describe the different stakeholders who influence the purpose ..........................................2TASK 2............................................................................................................................................3P3 Describe how two businesses are organised..........................................................................3P4 Explain how their style of organisation helps them to fulfil their purposes..........................4TASK 3............................................................................................................................................5P5 Describe the influence of two contrasting economic environments on business activities . .5TASK 4............................................................................................................................................5P6-Describe how political, legal and social factors are impacting upon the business activities .....................................................................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
INTRODUCTIONIn the current time period, business environment is regularly affected by various factorsthat's why it is very essential to properly analyse and evaluate them. Enterprise surrounding ismainly divided into two parts such as internal and external. For effectively maintain all businessoperations so have to be implement better management system. By which employees of firm cansystematically complete their task and achieve decided goals as well. This research project willbe discussing about different type of business firms and their major purposes as well asstakeholders of company. Along with this, there will be explain about several causes which canbe impacting upon business activities (Aterido, Hallward-Driemeier and Pagés, 2011). TASK 1P1- Describe the type of business, purpose and ownership of two contrasting businesses M&S is a public limited company, the public part of it means that shares can be broughtby the public and the limited company part means that it has limited liability. Having limitedliability has many advantages as it protects a shareholder from being responsible for more thantheir share of the company so they wouldn’t be accountable for the liabilities resulting from thebankruptcy. Being part of the tertiary sector means that Tesco provides services in the form ofselling groceries and home products (Blanchard, Tolbert and Mencken, 2011). The purpose of Tesco is to supply products also offers services but that isn’t their primaryway of doing business. Tesco is driven by profit meaning that they make sure that their salescover all of their running costs and more (in order for them to make a profit). Running costsinclude anything that the organisation needs to spend money on in order for the company tooperate. When cited company was founded the main goal was to only sell British made goodsthat were of a high quality, this started to change in the 1990s but they continue to aim to offerhigh quality products at a fair price.Oxfam is a global charity where it aims to help vulnerable people in developing world sothey people can get power and free from problems like poverty. Oxfam was founded in Englandin 1942. Right now the head once of Oxfam GB is located in Cowley. The name came from theOxford Committee for Famine Relief. The Committee was a group of people who wereconcerned for the people of Greece. The people in the group were Canon Theodore Richard1
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