How Businesses Operate: Public, Private Sectors and Structures in UK

This assignment examines the operational aspects of businesses in the United Kingdom, differentiating between public and private sectors, and outlining various business structures such as sole proprietorships, partnerships, and limited companies. It explores the impact of environmental factors on businesses and how customer service influences business success. The paper discusses the importance of customer profiling for business growth and effectiveness. The assignment also includes references to relevant academic literature, covering topics like environmental accounting, human resource management, and shared leadership.

How Businesses
Operate

Public and private sectors Company situated in UK
Public Limited Company (PLC)
• Public company functions and cooperation whose ownership is open to the
public. Individuals can buy share from the stock exchange.
• In public company, they issue their shares directly to public and anyone
can buy shares in company stocks (Types of company in the UK, 2016).
• Limited company is restricted to a fixed sum of money which is the value
of their investment.

Continued..
Private Company limited by shares
• In the contrast to a public company cannot be owned by any member of
the public.
• All types of private companies are owned and controlled by private
individuals or companies are known as private sector.
• Main aim of this company is to increase their profitability Private sector
spread in some of these areas such as Finance, Information technology,
Mining, Construction etc (Types of company in the UK, 2016).
• UK private companies are Greenergy, IPMG, Swire, Virgin Atlantic,
Iceland Ltd. Etc.

Various structures within the businesses in UK
Business structure defines the purpose and level of business
activities within which they operate its business and operational
activities. There are giving some different types of structures of
business adopted by UK.
• Sole Proprietorship
• Partnership
• Limited Company

Sole Proprietorship:
This is the most common structure followed by company and
easiest to run the businessperson trader is the individual person
who holds the all responsibility and authority of the . Sole trader
examples in UK are Anglia Tax Help, Susan M. Alexander

Partnership:
Partnership is another business structure where more than one
person is involved at equal level. Their profit of shares or losses
is distributed according to the shares in the business. Besides, it
also helps to bring new better activity and growth. Investment,
liability and profit share of each partner and steps outlining what
happens if partnership is dissolved. Some of the partnership firm
in UK is Social chain, Pret A manager.

Limited company
It is another business structure followed by some business
persons, running a company with many several profits and
benefits and does increase the credibility as a business. Limited
company should be registered by the company house process is
called incorporating.

Impact of environment
Private businesses
Many of the businesses have impact on the nature according to
the nature of growth. It has been impacting on the nature of fact.
It also has given impacting on the nature and long lasting effects
on the business activities

Public businesses:
• Local, national and global impacting business activities.
• Overall, it brings new level of organization and long lasting
effective sources.
• Overall, it brings new better opportunities and growth. All
types of businesses get affected from local, national and global
impacting.

Task 5

Explaining the impact of customer services on
business success.
• Main aim of customer services is to improve their customer
engagement experience by satisfying their unmet need.
• Customer service has been provides company good sales and
feedback regarding the running business activities.
• Customer provides the great opportunity and growth for the
company in order to meet the needs of the organization goals
and full fill the needs and wants.
• Customer service will also provide company great expansion
opportunities and growth.

Explain the benefits of customer profiling to a
business.
• Overall, it brings the great opportunity and growth in terms of
making task oriented work.
• Better customer profiling to the business will promote the
business activities in more effecting manner.
• This also provides the most enlarging effective services to
business.