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.
In this note, the company atmosphere grouping of external as well as internal services influences the working condition of company activity. It contains services for example suppliers or consumers; suppliers or opponents; develops in tools; regulations as well as administration activities; or marketplace, political, communal, and financial improvements. A number of services are openly as well as lots of are not directly working in the company.
Task – 1
1.1 Identify the purposes of different types of organization
What type of organization is Primark?
A private limited organization is Primark. It has stakeholders with restricted accountability as it specifies. This kind of organization may be included below Wales, Ireland, Scotland, England as well as positive Commonwealth state’s rules. Distributes of a private organization may not be presented to the common people and as they are not on the marketplace of stoke exchange. An organization that is privately limited is restricted by distributes as well as is not presented to the common people. Stakeholders have restricted responsibility.
Our Recommended Resources:
Private limited organizations have to a minimum of one manager who is a specific or an executor till April 2008. It has certified distribute resources (the one confirmed to the index of organizations) or concerned distribute resources (the sum of organizations distributes accessible seize by stakeholders). The company which is private distributes are transported by private contract among the seller or the buyer
Describes as well as classify the function of one company in the pursuing sections:
a) The public sector
A public limited company: The companies that are operating in people part are Sainsbury’s. Because the earth’s leading traders with 161000 employees, it provides millions of consumers in a week in our online or stores.
Purpose of public limited company: Organization that is public has restricted accountability as well as trades allocates to the people. It can be a listed and unlisted organization on the marketplace of the stock exchange. It needs at least two managers, who can be anybody.
A charity organization: Barnardo is a helpful organization in the United Kingdom. Its visualization is a globe where no children are distracted. It helps as well as reaches a child whose tones of voice are useless or whose wants are not met. It protects, defends, or help them in major situations to alter their life for the best. It struggles to alter strategy, training, or people estimation. It encourages our public as well as colleagues to join following our function. Its importance as well as hold variety, or are devoted to making a community for our employees, our helpers or the child we labor with that is liberated from unfairness, persecution, or aggravation. Its purpose is to transport exists of the UK’s helpless child.
The function of the charity organization: A helpful company is a kind of non-benefit-able company. It varies from another kind of NPOs in which it hubs on charitable aims and communal comfort (such as helpful, instructive, pious, or another action helping the people curiosity)………….