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.
To appreciate the business’s external or internal environment in creating organizational strategies or decisions is necessary for the business. This note concentrates on several companies, the relation among business or environment, as well as control of business’s stakeholders. After that, this note concentrates on the diversity of functions of several types of companies. Next, this note concentrates on the environment of the general environment of business. Then this note concentrates on the behavior of the organization. Last, of all, this note summarizes the international issues that influence company actions.
Task – 1
1.1 Identify the purposes of different types of organization
What type of organization is Primark?
As a private limited company, Primark is well-known. It has lots of shareholders as well as many stakeholders. Primark’s shareholders have restricted accountabilities. Below the rule of Wales, Scotland, or England, Primark is worked. Primark does not need to present its allocation to the people as it is not in the United Kingdom marketplace of the stock exchange. This is as it is a private limited organization that is not permitted to present allocation to the people. On the other hand, it matters to distribute assets to the present shareholders as well as endorsed allocation that is confirmed to the inventory of organizations. Finally, Primark is a limited or private organization that goal is to achieve benefits through enlarged marketplace share or revenue.
Our Recommended Resources:
Identify and discusses the purpose of one organization within the following categories:
a) The public sector
A public limited company: a well-known limited or public organization in the United Kingdom is TFL. It is a legislative company. It has over 28,000 employees who are operating in its present procedure. It helps lots of consumers daily. It is a UK-dependent company. It has a financial plan for £11.5 billion for 2015/2016, whereas it achieves 40% of its financial plan from costs. 23% appear from the administration, 20% are rented, as well as 17% appear from Cross-rail financial support or other profits (TLF, 2016).
The function of a public organization such as TLF is it has restricted accountability as well as purchase allocation to the common people. The public organization can be unlisted and listed in the marketplace of the stock exchange. In the case of TLF, it is an organization that is listed in the United Kingdom marketplace of the stock exchange. The goal of this public organization is to achieve profit through enlarged income (TLF, 2016)………………..