Exploring Business Environments: Types, Purposes, and Scope

Verified

Added on  2023/03/16

|13
|790
|50
Homework Assignment
AI Summary
This assignment provides an overview of different types of business organizations and their purposes. It covers startups, sole traders, partnerships, companies, franchising, and charity organizations. The assignment delves into the characteristics of each type, including their size and scope within the business environment. The sole trader is described as a small business that provides self-employment, while companies are large organizations with shareholders. Partnerships are explained as businesses run by two or more people, and franchises are presented as a medium between customers and leading brands. The assignment also touches upon the scope of startups and charity organizations. References from various business environment and management publications are included to support the discussion.
Document Page
Business and the Business
Environment
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
Introduction:
Initially when a business starts and slowly it
operates the market then different type of
promptness begins to affect the business and
create trouble to achieve the expected
outcomes. During the starts, a new operation,
macro and micro environmental factors affect
the industry. Therefore a unique plan is
needed to generate that reduce the negative
impact on the process.
Document Page
Task 1:
P1. Different Type and Purposes of
Organizations:
Startup
Sole trader
Companies
Partnership
Charity Organization
Franchise
Document Page
P1. Different Type and Purposes of Organizations:
Startup
Partnership
Sole trader
Charity
Organization
Companies
Franchise
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
P1. Different Type and Purposes of Organizations:
Sole Trader: One of the
most native cultures of the
business is the sole trader,
and it involves in a wild
range of activates, which
includes mobile filters,
mechanical work, electrical
work plumbing and many
more, throughout the
world.
Document Page
P1. Different Type and Purposes of
Organizations:
The Partnership: the partnership business can
be done between two to five people but
nowadays in online trading market
policymakers are up to thirty people, due to
the Partnership Act 2002, which means at a
time some multiple people can access and
control the business.
Document Page
P1. Different Type and Purposes of
Organizations:
Companies: The Company should hold by the
investor where the administrator of the
organisation gives the direction of the
business. The initial decision made by the
chief supervisory officer of that company and
a specialist group of the member will be
assigned to run the company in support of the
chief executive board.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
P1. Different Type and Purposes of
Organizations:
Franchising: Organizations made massive part
of retail seals today which operating under the
guidance of franchise like Subway's which now
creates its big franchise all over the world. It's
become more and more famous and gain
more popularity among the people involving
the business world.
Document Page
P1. Different Type and Purposes of
Organizations:
Charity Organization: The
charity Organization runs by
publically or privately, and it is
a nonprofit trust. Charities are
mostly centered on some
particular religion, social
activates, related educational
matters. Depending upon the
location, all the legal issues are
decided, and tax purpose
settled.
Document Page
P2: The size and scope of a range of different types of
organisation:
Sole Trader: According to the business market
it is a small business to create self-employment
which means the single trader business helps
once to organise its work. Thus the person has
not to go outside looking for another job.
Companies: The Company is an organisation,
may contain a large number of shareholders. In
these companies, every shareholder invests a
particular amount of share into the market.
tabler-icon-diamond-filled.svg

Secure Best Marks with AI Grader

Need help grading? Try our AI Grader for instant feedback on your assignments.
Document Page
P2: The size and scope of a range of
different types of organisation:
Franchise: Franchise is work
as a medium between the
customers and the leading
company or the leading
brand.
Start-Up: As the business is
now developing and yet to
become a significant market
value, it has a limited scope
and opportunities for people.
Document Page
P2: The size and scope of a range of
different types of organisation:
Charity: It is a type of nonprofit organisation,
which runs from charitable funds given by
others and government.
Partnership Business: The business runs by
two or multiple people, and in such activity,
the partners have unlimited freedom from the
debates incurred by the businessman and
more responsibilities.
Document Page
Reference List:
Aguilar, J. (2017) Scanning the Business Environment.
Macmillan, PP- 859-863
Buchholz, R. (2016) Business and its Environment, 5th ed.
Plymouth: Alta Mira Press, PP- 363
Duray, R. (2015) Business environment, operation strategy 3rd
ed. New York: Oxford University Press, pp- 529
Eid, R. (2014) Managing Staffs trust, satisfaction, and loyalty
through information communication technologies Hershey, PA:
Information Science Reference, PP- 541-546
Farkas, V. (2015) Employee and Employer relations New York:
Nova Science Publishers, PP- 12-19
Wong, K. (2014) Characterizing knowledge management in the
small Business environment, 3ed ed. New York: Guilford
Publications, pp- 14-17
chevron_up_icon
1 out of 13
circle_padding
hide_on_mobile
zoom_out_icon
logo.png

Your All-in-One AI-Powered Toolkit for Academic Success.

Available 24*7 on WhatsApp / Email

[object Object]