Order Assignments Now Get Upto 50% Off “Let’s fight, Help and Win” UPTO 50% OFF due to COVID-19 break down Order Now

Unit 1 Business and The Business Environment


Business environment refers to internal and external factors which may affect on functioning of company that includes of customers, management and employees because of legal and regulation consideration (Wild, Wild. and Han, 2014). In this report, HSBC Bank consists of different type, size and scope of organization by determining organizational structure. Moreover, they also involving of business environment internal and external factors. In addition to this, internal factors includes of SWOT and external factors includes of PESTEL for all type of organization whether it is type of primary, secondary and tertiary sector. However, organization is this report are as follows that are sole traders, partnership and public.

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

In a business environment, there are different types of organizations by including some advantages and disadvantages on the basis of size, scope and also considering of legal structure. Some of the organization are as follows:

Private Sector Company: In business environment private sector company is portion of economy in which goods and service are manufactured and distributed by individual. Moreover, private company does not consider of government and bureaucracy because here, legal structure exist (Bryman. and Bell, 2015). It depends on legal power because they consist of some domicile over there which affect on working style of organization.

Sole Traders: It is that type of company which is run and owned by one individual only and it also does not consist of legal differentiation between owner and business. There main aim is to full control on strategic decision making and also does not involve of any staff for managing their work because they have to make payment. Moreover, they also need not prepare account because sole traders add income and expenses to tax return.

Public Company: It involve of open membership for general public because their shares are traded freely during stock exchange. This company can be formed when there is minimum 7 members by considering of no upper limit for members (Bharadwaj. and et.al., 2013). These companies promote their goods to general public through prospectus. There main focus is on control process which include of greater control and supervision of control because through this, they are in their limits during offering of prospectus to public.

Partnership company: It is that type of business organization in which two and more individual are involved for earning profit by including of their skills, knowledge and experience of working (Lin. and Liao, 2015). Moreover, they share profit and loss equally or may related to partnership agreement. This type of firm can exist whenever they want but they involves all partners for agreeing on same condition i.e. bearing loss and reward proportionally.

Voluntary company: This sector is known as third sector company. Therefore, this type of organization involves of non-profit sector and not for profit sector because these are created for meeting out on basis of social needs and wants. However, there are many voluntary organization which are working in this state for socio economic development of people who are entitled in this.

Related Online Services by Global Assignment Help: Homework Help Online

Download Full Sample
Cite This Work To export references to this sample, select the desired referencing style below:
Copy to Clipboard
Copy to Clipboard
Copy to Clipboard
Global Assignment Help. ' ' (Global Assignment Help, 2022)https://www.globalassignmenthelp.com/free-samples/unit-1-business-and-business-environment
Copy to Clipboard
Global Assignment Help. [Internet]. Global Assignment Help.(2022), Retrieved from: https://www.globalassignmenthelp.com/free-samples/unit-1-business-and-business-environment
Copy to Clipboard

Students feel unable to complete their business assignments because of the lack of knowledge, which results in seeking business assignment help from our expert writers. We provide free samples on our website to help students in increasing their knowledge. Students even come to us with business analytics assignment help request and expect to get an A+ grade with our assistance. You must know that we also provide business case study writing help service that covers detailed SWOT & PESTLE analysis. Availing business development assignment help from us can get you many exciting freebies like free unlimited revisions, free title suggestion, and more.

Boost Grades & Leave Stress

Share Your Requirements Now for Customized Solutions.

Lowest Price

Delivered on-time or your money back

100+ Qualified Writers

For Best Business Assignment Help

View All Writers
FREE Tools

To Make Your Work Original

  • tools Paraphrasing Tool

    Check your work against paraphrasing & get a free Turnitin report!

    Check Paraphrasing
  • tools Plagiarism Checker

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

    Check Plagiarism
  • tools Reference Generator

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

    Generate References
? Help