Hnd Business Enviroment Level 5

3484 words 14 pages

There are many differences between business organisations, beginning with the purpose and goals of an organisation. Business organisations belong to various different categories including the private, public and non-profit sectors. This assignment will discuss a business organisation from each of those sectors, outlining the purpose, objectives, and stakeholders of each. It will also discuss the different ways that global factors and market structures can impact each of those companies.

L01 Understand the organisational purposes of business
Identify the purpose of different types of organisation
Describe the extent to which an organisation meets the objectives of different stakeholders
Explain the
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The responsibilities of an organisation depend largely on what services or products they provide. In relation to owners and stakeholders, organisations have both legal and moral obligations towards them, ensuring they receive adequate return on investment. They have obligation towards their customers, in that they remain reliable and present adequate offering in terms of their prices. Food and drink companies abide by strict health and safety rules governed by the FDA.