Business and the Business Environment: Types of Organizations and Legal Structures

Business and business Environment
INTRODUCTION
Business environment means those perspectives which is used in order
to develop impact upon an organization in terms of its working and other
perspectives. The concept of business environment relates with over all
development of an organization. This makes business organization achieve its
goals and objectives on large scale. Under business environment elements like
innovation level, suppliers, supply and demands, customer needs, employees
expectations, social trends, economic changes as well as political alterations.
Business environment has developed focus over developing regulation which is
based over success rate of an organization. It explains about important ideas that
is used for creating positive impact upon success rate within an organization.
The impact of business environment helps upon enhancing business activities
with better approach.
As per concept various kinds of forces are involved within it which are
consumers, competitors, suppliers, economic status, investors and
governmental policies that makes business progress hinder. The selected
organization is Admiral sports wear ware which is oldest over sportswear
which is focused upon football association that has been formed in the year
1914 and has been operating within England, United Kingdom.. The
organization is known for its products like airy milk chocolate, roses
selection box, crème egg and various other products sold all over the world.
The report is based upon various kinds of organization with there size,
scope. Then in this organization functions and structure has been covered
with its impact on organization.

Different types and purpose of organisation and their legal
structures.Organizations means those aspects which has been used upon working
together for accomplishing of set goals and objectives. This is based over
proper business process and systematic way over making business achieve its
various tasks. There are different kinds of organization performing business
activities on large scale. These organizations are used for making
development of business done more effective as per its nature. There are
various kinds of organizations which has been discussed as follows:
Private sector: This is private sector which is part of an economic
system which is run by an individual and organization rather than
government. Most of private sector organization is run with intention to
generate profit on large scale. Most private sector is run under private
ownership. This makes private organization issues stock and have
shareholders which are not allowed to trade on public exchange (Greenhaus
and Kossek, 2020). Private organization are based over various kinds of
organizations working privately. There certain kinds of private company
which are sole proprietor, limited liability corporations and C corporations
which persists various rules regarding its operations. Organizations falling
under this category majorly attains focus over developing structure that makes
revenue generated with profit. This sector makes organization provide product
and services which increases sales. Private organizations increase focus upon
increasing market shares for developing strong brand image. The best
example for
Purpose – The major aim of private sector is based upon enhancing sales
over product and services helping in developing business in a way that
huge profit is generated through it. Admiral sportswear has been providing
quality of products which leads towards creating customer satisfaction by
satisfying there needs. This makes it clear that Admiral sportswear is able
to create customer satisfaction which makes organization attain stability
within market.
Legal Structures: The Admiral sportswear legal structure relates
with corporation business which has helped in developing business within
market on large scale making it operate as private organization(Belyaeva,
2018). There are different kinds of legal structures which are included
within it and are discussed as follows:
Partnership – This is based over those agreement and arrangements which
makes two or more then tow people involved within working that leads
over making common objective achieved more effectively. Under
partnership two partners are involved making common objective to be
accomplished. They share all kinds of profit and loss which has occurred
during business.
Sole proprietorship – This type of business is based upon various
structures that is based over managing single persons only. It is based over
various kinds of decisions which is related over making business growth
an development. Under sole proprietors only one single owner is there to
make business run more effectively.
Corporation – This relates with various kinds of organization that is based
upon performing various types of business activities. Corporation
organizations which is is based upon different kinds of aspects which is

Different types and purpose of organisation and their legal
structures.
Public sector – This relates over various kinds of organization which
is based upon running and managing of government. The political part has
important role to play within an organization which relates over providing
funds helping in performing various kinds of business activities within an
organization (Raziq and Maulabakhsh, 2018). Public sector organization is
owned and managed by government and political party that has important role
to play in order to provide appropriate funds which performs various activities
within an organization. Public sector organization is based over completing
and managing various activities by government. This sector has been handled
by government authorities and different types which is managed by
government. Public organization means various kinds of organization which
has been trading publicly in this corporation making claim to be attained with
organization profit and assets. This sector leads over trading of shares over
stock which is based upon exchanges possible within various market
conditions. The ownership of these organizations are within in the hands of
shareholders. Public corporation is primarily based totally over numerous
sorts of views which makes loose alternate of percentage and shares over-the-
counter taking vicinity inside marketplace over replacing of products greater
effectively. These corporation has dispositions to effect commercial enterprise
with its numerous operations. It is named as "public" because the shareholders,
who end up fairness proprietors of the firm, can be composed of any man or woman
who buys inventory with inside the firm. Public organizations are traded publicly
inside an open marketplace. Various buyers purchase shares. Mostly, public
organizations have been to start with non-public organizations who have become
public organizations to elevate capital put up complying with all the regulatory