Report on Business Environment: Types of Enterprises and Firm Scope

This report examines the business environment and its impact on organizations, focusing on different types of enterprises, including public, private, and voluntary sectors. It discusses the purposes, scope, and size of various firms, providing examples such as NHS (public), Iceland Ltd. (private), and WELLCOME Trust (voluntary). The analysis covers how each sector operates, their objectives, and the scale of their operations. The report concludes that understanding the business environment is crucial for organizations to function effectively, maintain their organizational structure, and develop within their operative environment. Desklib provides similar solved assignments and past papers for students.

Business
Environment
(P1 AND P2)

Table of Content
• Introduction
• P1 Different types of enterprises and their purposes
• P2 Scope and size of range of various types of firm
• Conclusion
• References

Introduction
Business environment is crucial for every organisation to understand
about environment where they can smoothly run their business. This
has been identified that various factors are present within the business
environment and it is used for providing huge impact on all aspects
which can be related with corporation units and their product’s costs,
arrangement, placement, standardised, its nature etc.

Different types of enterprises and their
purposes
An organisation can be divided into three sectors such as public, private
and voluntary. All are variant from each other that can be
understood with the help of following points which are as under:
 Public sector
 Private sector
 Voluntary sector

Contd..
Public sector- NHS is the public organisation which provide care to
the individual in the nation. This is the world largest health care
firm which help patient for recovering from any disease.

Contd..
Private sector- Iceland Ltd. is an example of private organisation.
It is a British supermarket chain which provides frozen foods that
include prepared vegetables and meals.

Contd..
Voluntary sector- It is that sector which is totally different from
both public and private which have some various objectives and goals.
For example, WELLCOME trust is one of the voluntary sector.

Scope and size of range of various types
of firm
Every association has their own scope and size and they will also set
their aim and targets with the same.
Private sector- It has been explained that various types of firms
are privately operated and owned by an individual. Main purpose of
this company is to increase their turnover effectively by spending the
limited capital.

Contd..
Public sector corporation size and scope- These organisation are
regulated by legal authorities so their size is quite large. NHS is the
public organisation which provide care to the needy care. This
organisation is operated in more than forty countries. The major
scope of this venture is to offer high quality based facilities and
facilities to their patients within an organisation.

Contd..
Voluntary sector scope and size- It is termed as charitable trust which
are medium sizes. But it may be small or large in some situations.
For example, WELLCOME trust is the popular NGO which
involves 51 stores and total number of employees are approximately
3000 who will help old, poor and other children who are having
parents for take care of them.

Conclusion
As per the above mentioned project it can be concluded that It is crucial
for every organisation to understand about environment where they
can smoothly run their business. An organisation can be divided
into three sectors such as public, private and voluntary. The entire
commercial business firm maintain and develop their organisational
structure along with various operative environment.

REFERNCES
Gecevska, V., and et. al., 2010. Product lifecycle management through
innovative and competitive business environment. Journal of
Industrial Engineering and Management. 3(2). pp.323-336.
Cavusgil, S. T., and et. al., 2014. International business. Pearson
Australia.
Chavis, L. W., Klapper, L. F. and Love, I., 2011. The impact of the
business environment on young firm financing. The world bank
economic review. 25(3). pp.486-507.