Save 56% on Assignment Crafted by Human Writers

OFFER! Black Friday Sale, Get Up to 50% OFF!   Use Code : BFCM

Search
Listening..

MOD003337 How Business Operates Level 6

University:

  • Unit No: 0
  • Level: High school
  • Pages: 3 / Words 705
  • Paper Type: Assignment
  • Course Code:
  • Downloads: 1543

Table of Content

  1. Introduction
  2. Task 1

Introduction

Business environment is most important component in order to carry out the operations of company in effectively. Further, it has been evaluated from research that different types of technologies are coming in dynamic environment due to which choices, preferences and thinking of customers are modified that create problems on large organisation in respect of their products and services (Baden-Fuller and Morgan ,2010). Therefore, it is essential for company to scan the external market in order to update with the innovative and creative features are seen in the form of goods and services. Under this assignment the company which is preferred I.e. Sainsbury's which is second largest chain of supermarket in UK deals in groceries, entertainment and clothing sector and holds 16.9% share in supermarket. It has 1415 stores in UK and comprises of 181,900 employees and use various strategies and tactics in order to sustain in competitive market. Apart from it, discuss about the business functions, accounting workshop, importance of teams and also value of customer services.

A+ Grades @Affordable Prices! We deliver all academic papers from dissertations & assignments to thesis, & case studies. 5000+ satisfied students, you could be next! Place Your Order Now! Order Now

Task 1

1.1 Types of organisations in public and private sector

In every organisation there are different business organisation that performing their tasks and functions for accomplishing the goals and objectives of business. Company dealing in different products and services for earning profits and full-fill the desires of organisation. All the corporate who running their business is try to uplift the living standard of people from their services. Majorly business world comprises of two sectors I.e. public and private sector which described below:-

Public company:- It includes all the public goods and government services who work for providing services to general public. Further, all rules and legal regulations are established by government authorities and decision related to price, quality and production is taken by them only For example Audit commission which is UK based statutory corporation whose main aim is to appoint auditors that give services to local bodies . The main objective of public sector is to uplift the living standard of people, therefore different types of public sector companies are described below:-

Departmental undertakings:- This is consider as most traditional and oldest form of public company where all the decision making are taken by strategic authority of government only.

Statutory corporations:- These are those public corporation which are established by the special act passed by parliament. They are owned by government with or without shareholders or might be body without shareholders. For example British Railways which is consider as state owned railway that give service to large audiences.

Government company:- these are those public association created under companies act 1985 or 2006 and fully partially owned by public sector only. For example Channel four television corporation which are under the control of public sector only.

Private company:- These types of companies are owned, controlled and managed by the rules regulation of private members only. Further, these private person set their own organisation structure and become the corporate culture more flexible in order to adapt all the changes coming in external environment. Following are the types of private companies are stated below:-

Sole proprietorship:- These type of businesses are run by single individual only and they come with their own capital and share all the profits and losses of business because of unlimited liability features covered under it. Owner take all decision without consent of other partners.

Partnership:- it can be described as business in which two or more partners come under the partnership business. All the terms and condition related to profit sharing, capital investment and losses are prescribed under it only. For example ben and jerry company firstly come in partnership business of ben cohen and jerry Greenfield in 1978 and earn huge profit from business.

Limited company:- Also known as joint stock company in which two business are come together in order to accomplish common objectives.

Related Sample- Facilities Operations and Management - Mcdonald's

Download Full Sample
Often times, students feel unable to work on assignments and think, “Who will do my assignment?” By providing "Sample" on various subjects, we are trying to help them understand all the intricacies of writing. We have the most qualified and skilled assignment writers who can provide the best assignment writing services, essay writing services, dissertation writing services, and more at the most affordable rates. Place your order now for surprising discounts.
Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price
USD 7.13

    Delivered on-time or your money back

    100+ Qualified Writers

    For Best Project Management Assignment Help

    expert name
    1434 - Completed Orders
    Dr. Rose Kidman View Profile Ph.D. in Mechanic (Mechnanical Engineer) UK Hire Me
    expert name
    1089 - Completed Orders
    Idris Foster View Profile Master's in Food Science USA Hire Me
    expert name
    2114 - Completed Orders
    Daniel Scrooge View Profile Graduate in law estate management Australia Hire Me
    expert name
    1312 - Completed Orders
    Jeremy Lawrence View Profile Graduate in Nuclear Engineering Australia Hire Me
    View All Writers
    FREE Tools

    To Make Your Work Original

    • tools Paraphrasing Tool

      Easy to Use Paraphrasing Tool to Simplify Complex Academic Writing

      Check Paraphrasing
    • tools Plagiarism Checker

      Check your work against plagiarism & get a free Plagiarism report!

      Check Plagiarism
    • tools Reference Generator

      Get citations & references in your document in the desired style!

      Generate References
    • tools Grammar Checker Tool

      Make your content free of errors in just a few clicks for free!

      Grammar Checker
    • tools Essay Typer

      Generate plagiarism-free essays as per your topic's requirement!

      Essay Typer
    • Dissertation Outline Generator

      Get Structured Outline by Professionals for Your Dissertation

      Check Dissertation
    • Thesis Statement Generator

      Create the perfect thesis statement in just few minutes!

      Generate Thesis
    • AI Essay Writer

      Get a well-researched and quality essay effortlessly in a few seconds.

      AI Essay Writer
    GAH whatsapp

    Limited Time Offer

    Exclusive Library Membership + FREE Wallet Balance