Now you have organizations with folks at least talking to each other.
Private Sector Organization 1. This is the oldest and simplest form of business organization. Stance owner alone enjoys the profits and suffer the losses in his business. Therefore, he is the supreme authority to decide into different matters concerning it his business and has unlimited freedom of action within legal jurisdiction.
Overall control in single hand helps him in quick decision efficient administration and working.
Charts. To compare and contrast structures, the small-business owner should start with an understanding of organizational charts. Charts do more than lay out the underlying structure of a company. P2- “Describe the different stakeholders who influence the purpose of two contrasting businesses” M1 – “Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations” A stakeholder is a person, group or . My two chosen organisations are Nike and Tesco who I have briefly described above. Both Nike and Tesco are two contrasting business in the business world. They both are very successful at what they do and are continuing to grow.
Such organization owner himself is responsible for the liabilities. Hence the creditor can collect the money even from the personal property.
Applications In small enterprise requiring small capital which can be spared by one man. Where management by one man is possible. Advantages Such individual enterprises can easily be formed and simple to sun.
Minimum if legal restrictions. Retain of all profit to the owner. Ease of dissolving firm. In this system owner himself is in touch with customers and hence can know their likings.
Since it is supervised by the proprietor himself, the fixed cost over heads are nary less and products can be obtained cheaply.
Most of the businesses have their no competitor of certain secrecy in their functioning. In this form of organization such secret functions are performed by the owner himself.
There fore, he has the greatest possibility of running business well. Amount of the capital that can be invested is limited; therefore, modern factory cannot be run with this system of organization.
Owner cannot be the master of all techniques management, sales, engineering processes etc, since work suffers. Due to unlimited liability owner cannot take risk to start a big industry.
Uncertainty of duration I-e death imprisonment or insanity automatically terminates the firm possibility that overall direction may become a burden on owner when business grows. The capital is raised by selling shares of different values.
Persons who purchase the shares are called shareholder. There are two main types of joint stock Companies. Private limited company Public limited company 1.
This type company can be formed by two or more persons.Two contrasting business organisations P1 ‘Describe the type of business, purpose and ownership of two contrasting businesses.’ The research contrasts two business organisations in the local area and discusses the different purposes and ownership.
Contrasting Two Business Organisations Essay Sample. Contrast the ownership and purposes of two of the businesses used in P1. The two businesses chosen must have different ownership and purposes. BTEC NATIONAL IN BUSINESS.
Unit 1 – The Business Environment. Assignment 1 – Types of Business. This task assesses. P1 Describe the type of business, purpose and ownership of two contrasting organisations.
Business may be defined as ‘an enterprise engage at in production & distribution of good for sale in market. Several Types if businesses organization are exiting in order to satisfy various social, economic & rumen requirements.
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One of the most common is the comparison/contrast essay, in which you focus on the ways in which certain things or ideas—usually two of them—are similar to (this is the comparison) and/or different from (this is the contrast) one another.