Business Environment Report: Organisation Types, Size, Scope - HND

This report provides an overview of the business environment, focusing on different types of organizations including public limited companies, private limited companies, sole traders, partnerships, franchising, and voluntary sectors. It explains the purpose of each type, highlighting how public enterprises aim for social welfare alongside profit, while private businesses focus on profit maximization. The report also details the size and scope of these organizations, emphasizing revenue generation for sole proprietorships and partnerships, and the promotion of products for private businesses. References to academic sources are included to support the analysis. Desklib provides access to a wealth of study resources, including past papers and solved assignments, to support students in their academic endeavors.

BUSINESS
ENVIRONMENT
P1&P2

Content
Introduction
Different type and purpose of enterprises
Size and scope of different type of organisations
References

Introduction
Business environment is a mix or combination of large number of
factors which affect the activities of a firm.
Present report is base in the various type and purpose of
organisation.

Different type and purpose of enterprises
Following are the main types of organisation:
 Public limited company: This type of enterprise is owned by
the government either partially or totally as well as
government in this has the power to take decision about
commercial activities.
 Private limited company: These types of enterprises are
controlled by the private hands.

Cont....
Sole trader: Sole trader is the person who controls or maintains
all the activities of a business.
Partnership: When two or more than two persons come together
for starting business activities then it is known as partnership

Cont....
Franchising: Under this, owner of a popular brand gives right to
other people for selling their products under the brand name in
exchange of some consideration known as royalty fees.
Voluntary sector:These type of firms are run by number of
individuals with an aim of doing social welfare.

Size and scope of different type of organisations
Main purpose of sole business enterprise is to starts or undertake
various activities for generating large number of revenues.
When two or more than two individuals start working together
for generate large amount of revenues than it is known as
partnership.

Cont...
Private business: One of the main reason behind this type of
business is to do various efforts and promote the firm's
product so that larger number of profits can be achieved by the
firm. Sole entrepreneurship and partnership both come under
this.

Cont...
Public enterprise: Main purpose behind this type of business is to
make products in a way so that maximum social welfare can
be done by the firm and at the same time profits can also be
earned.

References
 Eisenberg, T. and Miller, G.P., 2012. The English versu the
American rule on attorney fees: an empirical study of public
company contracts. Cornell L. Rev.. 98. p.327.
 Hamilton, L. and Webster, P., 2015. The international business
environment. Oxford University Press, USA.