SECTION 1 *Identification of the purpose of different types of organisation We have two main types of business organisations. Which are Profit-making organisations and Not-for-profit organisations. In the profit making organisation‚ we have the Sole traders‚ Partnerships and LLPs‚ Companies and The Franchises. While on the Not-for-profit organisation we have the Quangos‚ Voluntary‚ public sector bodies and the charities. *SOLE TRADER- This is a simple business that is easy to set up‚ and which
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TYPES OF ORGANISATION QUIZ 1) Which form of business organization do you think is most suitable for each of the following businesses? Explain your answer fully: a) A young student is planning to offer his services to neighbors as a gardener. He will purchase only cheap tools to start with. (3) The sole trader form is most suitable for this business‚ because sole trader is most common form- operated just by one person‚ and this business is running only by a young student‚ which is only one person
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Types of unemployment: 1. Frictional unemployment.. This unemployment occupies people in the middle of transiting between jobs‚ searching for new ones; it is compatible with full employment. In other words‚ we can say it frictional unemployment. There are many people in this world who are not totally satisfied with their jobs. Describes workers “in between jobs”. When someone with marketable skills moves from one job to another. Usually three months or less. 2. Demand-deficient unemployment
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TYPES OF SCHOOLS IN UK The school system in United Kingdom is divided in to two main groups‚ which is divided into different stages it starts from early years education‚ primary‚ secondary‚ higher and further education. The children progress from nursery‚ reception‚ key stages 1‚2‚3 and 4. The two main groups of schools are: Maintained schools/ State schools Independent schools/ Private schools 1. Community schools: These state schools are also known as county schools in England and Wales and are
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characteristics of the UK economy‚ fiscal‚ monetary and competition polices can impact on an organisation. Within this report I hope determine in detail all the characteristics of the UK economy‚ government fiscal and monetary policies and how each one effects on the Tesco PLC organisation. I plan to give a clear and comprehensive look into each of the factors which build the UK economy and analyse and evaluate with strong evidence of application to theory throughout the report. The UK subscribes to a
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conflict is a natural and unavoidable aspect of modern life which forms part of any team or relationship. It can be defined as a state of opposition‚ disagreement or incompatibility between two or more people or groups of people. There are different types of conflicts that can be of concern in an organization that supply fast moving goods across a particular country and these are: • Interpersonal conflict • Intragroup conflict • Intergroup conflict • Interorganisational conflict INTERPERSONAL CONFLICT
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Private schools Private schools (also known as ‘independent schools’) charge fees to attend instead of being funded by the government. Pupils don’t have to follow the national curriculum. All private schools must be registered with the government and are inspected regularly. State boarding schools State boarding schools provide free education but charge fees for boarding. Some state boarding schools are run by local councils‚ and some are run as academies or free schools. State boarding
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Type of business‚ purpose and ownership (P1) To run a business smoothly or effectively all business have aims or purpose‚ this could be survivor‚ to grow‚ to become a market leader. A business also aims to provide exception service or to create a reputation as the best on market. Types of business To understand how business works and what they set out to achieve‚ it’s necessary to have an understanding of the main types of business sectors which exists within a business organisation. There are
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though legislation or be stipulated by the relevant regulatory agency‚ for instance the FSA in the UK . Regulation is needed to ensure consumer’s confidence in the financial sector . It does this by providing smaller retail clients with protection against potential losses and by protecting consumers against monopolistic exploitation ‚ e.g. makes sure product pricing doesn’t happen. There are several types of regulation . Systematic Regulation is concerned with the safety and soundness of the financial
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There are two types of organisation structures‚ flat and hierarchal. Flat structure’s chain of command is short by having lots of people report to one managing director. On the other hand the span of control is wide. A business with this type of structure is Nike. A flat structure is also known as a matrix structure. A hierarchal structure’s chain of command is long. This is because fewer people are reporting to the managing director. While the span of control is narrow. A type of business that
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