Report on Business Environment: Types, Size, and Scope of Enterprises

This report provides a comprehensive analysis of the business environment, focusing on different types of enterprises: private, public, and voluntary sectors. It examines the scope and size of various firms, including sole traders, partnerships, and public sector corporations, detailing their operational characteristics and objectives. The report concludes that the business environment significantly impacts organizational operations, considering elements like society, politics, technology, and legislation. It references academic works to support its findings, emphasizing the co-evolution of multinational enterprises and the institutional environment, the business case for corporate social responsibility, and the impact of the business environment on firm financing. Desklib offers similar solved assignments for students.

Business
Environment
(Task 1)

Cover contents
• Introduction
• Different types of enterprises and their purposes
• Scope and size of range of various types of firm
• Conclusion
• References

Introduction
It is very important for the each and every firm in order to understand the
condition and environment in which they are operating businesses. It
has been determine that various elements are existing in a business
surrounding and utilise to provide a wast level of influence on entire
aspects connected with the units of the firm and its nature, price of
goods, management, positioning and standards and so on. Hence, it is
true that development and success of the business in relays on
adoption of environment of business. In which they are operating.

Different types of enterprises and their
purposes
On the grounds of the size and purposes, company are divided into
three divisions which are private, public and voluntary. These all are
differ form each other that can be determine by below enlisted
points:
• Public sector
• Private sector
• Voluntary sector

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Private sector : This kind of
enterprise is completely owned
by the individual and single entity
or person and group. There is no
role of the governmental
authorities hence government is
not having the right to use their
control over their commercial
functions or activities.

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Voluntary sector : This division is different form both of public and
private organisations as it is having various different objective in
relation of those. It includes all the firms in that group of single
persons named as a volunteer to have participation in the social
services to the citizen of the UK in order to attaining certain social
purpose.

Scope and size of range of various types
of firm
Every enterprise is having its size as well as scope and they determine
their motives in accordance to that for the completing of the same. The
size and scope of the different kinds of company are detailed as
follows:
Private segment : As detailed above such sort of firms which are
privately owned by an individual person or more then that. They are
having core purpose to boost up their turnover in effective manner by
investing minimum level of finance. The size and scope of the various
different firm are explained as follows:

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Sole traders : such sort of the firm are operated through only single
individual who is having the liability of taking care of their all
problems and uncertainty which are connected with the activities of
the business.
Scope : The major scope of this kind of venture is to having or
generating strong level of amount of the turnover for the spending
by flourishing their branches.
Size : it is very small in aspect of the size and firms of lower numbers
of shops and stores.

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Partnership : this is a that sort of venture which are operated with
the helps on two or more persons or partners and they all are
having mutual sharing of the work load, benefits as well as losses
are beard in the same condition.
Stakeholders linked with the company – The prominent shareholders
connected with the private firms are enlisted below:

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Public sector's corporation size and scope : As these corporation are
regulated by the legal authorities hence their scope and size are bit
larger as compare to other organisations and sectors.
Voluntary sector's scope and size : these sort of venture is also
named as the charitable associations that are also comes in medium
size. But it is not compulsory therefore it may also comes in small
or larger in the some conditions.

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Conclusion
From the above report it has been concluded that, element existing in
business environment are giving large effect on the working of
every administration involving the Barclays. Component such as
environment, society, politics, technology, legalisation, etc. has
been determinative venture in both positive as well as negative
manner that has detailed in this project.