Table of Contents
Task – 1.
1.1 Identify the purposes of different types of organizations.
What type of organization is Primark?.
- a) The public sector.
- b) Charity.
- c) Cooperative.
1.2 Describe the extent to which an organization meets the objectives of different stakeholders.
1.3 Explain the responsibilities of an organization and strategies employed to meet them.
Task – 2.
2.1 Explain how economic systems attempt to allocate resources effectively.
- b) Economic System of the UK.
- c) Economic System of China.
2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities.
2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization.
Task – 3.
3.1 Explain how market structures determine the pricing and output decisions of businesses.
3.2 Illustrate the way in which market forces shape organizational responses using a range of examples.
3.3 Judge how the business and cultural environments shape the behavior of a selected organization.
4.1 Discuss the significance of international trade to UK business organizations.
4.2 Analyze the impact of global factors on UK business organizations.
4.3 Evaluate the impact of policies of the European Union on UK business organizations.
Within this report, the business environment is an arrangement of external and internal powers that influence the working condition of the organization’s activity. It consists of powers, for example, suppliers and customers; suppliers and competitors; technological development; government rules and laws; and business, economic, social, and political improvements. A number of powers are openly and some are not directly functioning of the organizations.
1.1 Identify the purposes of different types of organization
What type of organization is Primark?
There is a private limited company which is called Primark. Since it specifies, it has sharers with limited liability. This kind of organization can be included below Wales, England, the Republic of Ireland, Scotland laws, and definite Commonwealth countries. A private limited company’s share cannot be proposed to the common public and as they were not on the market of stock change. Shares are limited in private companies and are not proposed to the common community. Limited liability has owned by shareholders. A private company should include as a minimum one manager who is a secretary and an individual until April 2008. It has together issued share capital and authorized share capital. Personal shares are transmitted by individual contracts between the seller and the buyer.
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A company’s purposes are discussed and identified by the next types:
a) The public sector
A public limited company: a company that has been operating in public areas known as Tesco. Tesco is known as the world’s largest retailer shop includes 476,000 colleagues, we provide many consumers in a week online and in our stores.
Purpose of public limited company: limited liability is included by a public company and sells shares to the people. It could be listed or an unlisted
organization on the market of stock change. It needs at least two managers who could be anybody.
A charity organization: Barnados is one of the charitable companies in the United Kingdom. Its revelation is “a world where no child is turned away”. It helps and reaches for those children whose requirements are unmet and whose voices are not heard. It protects and helps them in major conditions to modify their lives. It struggles to modify practice, public opinion, and policy. It motivates our partners and people to connect behind our function. Its values and holds variety, and are devoted to making a culture for our employees, our children, and volunteers we operate with which is liberated from harassment, discrimination, and victimization. Its motive is to change the United Kingdom’s helpless life of children…………………