P1:“Describe the type of business, purpose and ownership of two contrasting businesses”
P3:“Describe how two businesses are organized”
1. Introduction
Describe briefly what you are expected to do for this assignment, and how you will work out the various tasks.
I’m going to learn about how a business works and how it’s all organised.
2. Theory
A. List at least 4 different business types, with regards to where the company operates.
Local – in a single town or city
National – multiple businesses in a country
International – multiple businesses in multiple country’s regarding only to trading
Global – multiple businesses in country’s and production
B. List at least 3 different business sectors, with regards to the purpose of the company.
Private – for profit only
Public- for helping citzens
Voluntary – non profit
C. List at least 5 different types of company ownership.
Sole trader
Partnership
Government Agency
Private Limited Company
Public Limited Company
D. List at least 5 possible purposes/aims for a company.
To deliver the best service
To give the people the best price quality product
To make good profits
To become international
To continue a family tradition
E. List and describe at least three different styles how businesses can be organized.
1.By functional area: groups of people that are divided in different area’s such as accounting, marketing and manufacturing.
2. By product or service: it separates the company by products, activities , projects , or geography. This allows the company to have a particular focus on specific items in its business operations
3. by customer type: you have different customer types you have retail businesses they sell their product to customers that’s a business customer organisation. You also have business to business that’s in the whole sale that’s also a organisation way.
3. Evidence
A. For each of the two selected companies, create a table or listing (see next page for example)