1. Unit 3.23 How businesses operate
Task 1 – Business environment
Presentation submitted by: Maria

2. Instructions
You must produce a PowerPoint presentation in which you detail the key features of a business environment. You should:
describe the types of organisations found in the public and private sectors in a named country. You may wish to use examples from the UK or another country with which you are more familiar
explain the different structures within the businesses in your selected country and suggest reasons for the variation
identify a named business and describe how the local, national and global economic environment impacts on this named business.

3. Business environment
Business environment means all of the internal and external factors that affect company's functions including employees, customers, and management, supply & demand and business regulations. The study on business environment helps the organizations to find out all those forces that can enhance sustainability aspects.
The present study has been made on Iceland Foods Ltd which is a private British supermarket chain operating business in UK. The company has an approximate market share of 1.8% in UK food market. The entity conducts its business in competitive market place and it sells frozen foods including meals and vegetables.

4. Business environment
Thus, as per the research study, specific information about the market structure of Iceland Ltd has been discussed and along with the same, researcher has also stated several aspects that determine output decisions of the business entity. Furthermore, discussion has also been made on impact of competition policy and other regulatory mechanisms that affect the business practices. Stakeholders play crucial role in the organization; thus the ways through which Iceland manages stakeholder's interest are also discussed in the present research study. Lastly, the benefit of international trade to UK business organizations and to Iceland is also stated.

5. 1.1 Ownership Limited company (public and private)
Limited by guarantee companies are owned by one or more guarantors. Private limited companies are owned by individual people and/or other companies.
Sole trader
Sole traders do not have a separate legal existence from their owner. As a result, the owners are personally liable for the firm's debts, and may have to pay them out of their own pocket. This is called unlimited liability .
Partnership 
Partnership is  owned by agreement by partners. The partners in a partnership may be individuals, businesses, interest-based organizations, schools, governments or combinations. 
Limited partnership
A limited partnership must have at least one general partner  and   at least one limited partner, which rights to the business are limited.
Not for profit
A not for profit organization is a type of organization that does not earn profits for its owners.

6. References 

7. 1.1 Objectives Sales of goods and/or services Profit maximisation
profit maximization is the short run or long run process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. Iceland UK also believes in profit maximisation but through mass sales.
Growth
Diversification

8. 1.1 Objectives Diversification Consolidation
Corporate and social responsibility (CSR) agenda
Customer service priorities

9. 1.1 Position in market Reasons for differences
Differences between profit and not-for-profit organisations

10. 1.1 Stage of growth
Type of organisation (e.g. sole trader vs public corporation.

11. 1.2 Organisational structures
Hierarchical
Flat
Matrix

12. 1.2 Organisational structures
Variation due to organisation culture,
Type of industry
Size of business

13. 1.3 The impact of the economic environment on business
Local and national tax systems
Availability of physical and human resources
Government fiscal and monetary policies

14. 1.3 The impact of the economic environment on business
Exchange rates
Consumer behaviour
National wealth (GDP)

15. 1.3 The impact of the economic environment on business
Investment (e.g. in infrastructure)
How businesses contribute to wealth via distribution of profit via salaries and dividends, multiplier effect

16. 1.3 External influences (PESTLE):
Political
Economic
Social

17. 1.3 External influences (PESTLE):
Technological
Legal
Environmental