Unit 1

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Phoenix collegiate

12H
Unit 1
The Business Environment
Contents

Task 1 Two Businesses on our door step
* Types of businesses, purpose and ownerships of two contrasting businesses * Different stakeholders who influence the purpose of two contrasting businesses * How are two contrasting business are organised?

* How the styles of organisation help them to fulfil their purposes? * Points of view of different stakeholders seeking to influence the aims and objective of two contrasting organisations

Task 2 Similar businesses in different worlds
* The influence of two contrasting economic environments on business activities within a selected organisation * How political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders * Comparison of challenges to selected business activities within a selected organisation in two different economic environments * Analyse how political, legal and social factors have impacted on the two contrasting organisations

Introduction
In this assignment I will be describing different types of business and the purpose of the businesses. Also this assignment will have a description of ownership f two contrasting business which will be Asda and Oxfam. For Asda and Oxfam I will be also describing different stake holder who influence the purpose of Asda and Oxfam and it will show how the businesses are organised. Within in this assignment I will explain how Asda’s and Oxfam’s style of organisation helps them to fulfil their purposes. I will also explain the points of view of different stakeholders seeking to influence the aims and objective of Asda’s and Oxfam’s organisations. In the second part of the assignment I will be describing the influence of two contrasting economic environments on business activities within selected organisations; also I will give description on how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Within the second part you will get chance to read and see the caparisons on the challenges to selected business activities with in a selected organisation, in two different economic environments. Also you will see a part which has been analysed on how political, legal and social factors have impacted on the two contrasting organisations.

Task 1 Two Businesses on our door step
Types of businesses, purpose and ownerships of two contrasting businesses A sole trader is when a business is owned and controlled by one person, although they may employ workers, e.g. a newsagent's shop. Individuals who provide a specialist service like hairdressers, plumbers or photographers, are also sole traders. Also this business has unlimited liability meaning it’s a type of deal in which you could lose some amounts of money. In the sole trader there are many advantages which are involved in the business such as it is small and easy to set up especially for people who are new in the business sector. In this type of business the wage bill will usually be low, because there a few or no employees. Also it is easier to keep overall control, because the owner has hands – on approach to running the business and can make decisions without consulting anyone else. Besides the advantages of this business, there disadvantage which has a huge impact on the business. The disadvantage could be that the sole trader no one to share the responsibility of running the business with, or some sole traders often work long hours and find it difficult to take holidays, or time off if they are ill.

Partnership is when a business is owned by two or more people and share in the decision making. Also each partner is self-employed and takes a share of the profits. Partnership has unlimited liability. A partnership can also have a sleeping partnership that invests in the business but does not have dealings in the day to day running of the...
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