Business and Business Environment Report - HND Business, Term 2

This report examines the business environment, focusing on various organization types, including private limited companies, sole traders, partnerships, franchising, public limited companies, and voluntary sectors. It details the legal structures and purposes of each type of organization. The report also analyzes the size and scope of different organizations, such as Burger King and McDonald's, and emphasizes the importance of stakeholders. The conclusion highlights how environmental factors significantly impact business processes and outcomes. The report is based on the provided assignment brief for an HND Business course, demonstrating an understanding of business operations and the external factors that influence them. It includes references to academic sources that support the analysis.

Business and Business
Environment (Task 1)

Table of Content
 Introduction
 Different type of organization and legal structures
 Size and scope of a range of various types of
organization
 Conclusion
 References

Introduction
Business environment is a combination of internal and external
factors which impact on all the activities that perform in the
organization. It is an effective process of influencing the
business activities in order to run all the process in smooth
manner.

Different type of organization and legal
structures
Every business activities perform as well as execute by the group
of people and an individuals to achieve more profits in every
year. They also undertake many research to evaluate the
customers needs that what they wants for the company.

Continued...
Private limited company:
This types of organization
set by the private groups
and individuals to generate
more revenue. It is not
operate by any type of
government authority.

Continued...
Sole trader: This type of organization execute by single person
who take all the responsibility to manage the business.
Partnership: In this organization two of more than two peoples
are comes together to start a business which comes in a
partnership.
Franchising: In this an individual called franchisee go to the
owner of a popular brand called franchiser to get his
permission to use his brand for selling products in the market.

Continued...
Public Limited Company: This type of organization is
controlled by the government authority and also take all the
decision on the basis of their rules. Public company provide
and introduce innovative products to their customers in order
to fulfil their requirement and get better satisfaction by them.

Continued...
Voluntary sector: This type of organization is related to the
social welfare. The main of this type of firm is to doing
development of social individuals. Voluntary organization
focus on improving the living standard of the society. It is non
profit based company that provide basic facilities of the
public.

Size and scope of a range of various
types of organization
Scope of business organization is highly depend on the business
nature and its size. Firm who operate in large level which
define more scope and those companies who deal as well as
operate their activities at small level they carry less scope.

Continued...
In this various types of
commercial activities are
define by the Burger king is
a private sector company
which operate their
activities to earn large
number of profits.

Continued..
McDonald is a public sector
company and it deal with
high level of operational
activities in different
countries. They also include
more than 37500 employees
and serve quality products
to its customers.

Continued...
Stakeholders is also an
important part of the
organization because they
provide as well as invest
and their opinion to
business for achieve its
targets and goals.