Unit 1

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Phoenix collegiate

Unit 1
The Business Environment

Task 1 Two Businesses on our door step * Types of businesses, purpose and ownerships of two contrasting businesses * Different stakeholders who influence the purpose of two contrasting businesses * How are two contrasting business are organised? * How the styles of organisation help them to fulfil their purposes? * Points of view of different stakeholders seeking to influence the aims and objective of two contrasting organisations

Task 2 Similar businesses in different worlds * The influence of two contrasting economic environments on business activities within a selected organisation * How political, legal and social factors are
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Also each partner must register for Self Assessment with HM Revenue & Customs and complete an annual tax return. Partners in this type of business need to raise money for the business out of their own assets or with loans.
Within this business there advantages which can help the business to succeed in the business sector are that it is shared responsibility and more people are also contributing which allows for more flexibility in running the business. Also there is less time pressure on individual partners.
The disadvantages in this type of business are that the distribution of profits can cause problems and if you break up with your partner in the business then you business will no longer exist. Also if one of the partners gets in to dept then the whole company does.
A private limited company is owned privately by a small group of people such as a family. They are not allowed to offer shares (in the company) to the general public and can operate through just one director. A private limited company cannot trade its shares on the stock market.
Although private limited companies are usually small in size, they are expensive to set up and have to produce proper accounts. Furthermore unlike a sole trader, private limited companies have to pay auditors, hold meetings as stipulated in the Companies Act and share profits between all of the shareholders.
The advantages of this type of

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