Business Environment

Definition:
Business environment encompasses all those factors that affect a company's operations, and includes customers, competitors, stakeholders, suppliers, industry trends, regulations, other government
activities, social and economic factors and technological developments.

Legal Structures for Business Organizations

Sole Proprietorship
An unincorporated business that is owned by one individual

Partnership
An association of two or more persons to carry on as co-owners a business or other undertaking for profit

Corporation
An association of individuals, known as stockholders, created as a business entity by an act of state government

Limited Liability Company

An association of individuals, known as members, that share characteristics of both the individual and corporate identities

Types of organisations
Private company A private company denotes a company of two or more persons, but not exceeding fifty excluding the employees and shareholder. A private company is nothing but the extension counter a partnership with limited liability. It prohibits any invitation to the public to subscribe for shares and restriction the right to transfer its shares.

Public company

A public company, publicly traded company, publicly held company is a limited liability company that offers its securities(stock/shares, bonds/loans, etc.) for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets.

Government company is a legal entity created by a government to undertake commercial activities on behalf of an owner government. Their legal status varies from being a part of government to stock companies with a state as a Government regular stockholder. There is no standard definition of a government-owned company corporation (GOC) or state-owned enterprise (SOE).

voluntary Association

A voluntary association or union (also sometimes called a voluntary organization, unincorporated association, or just an association) is a group of individuals who enter into an agreement as volunteers to form a body (or organization) to accomplish a purpose

A cooperative ("coop"), co-operative ("co-op"), is an autonomous association of persons who voluntarily cooperate for their mutual, social, economic, and cultural benefit. Cooperatives include non-profit community organizations and co-operative businesses that are owned and managed by the people who use its services (a consumer cooperative) or by the people who work there (a worker cooperative) or by the people who live there (a housing cooperative),.

Charitable A charitable organization is a type of non-profit organization (NPO). It differs Organisations from other types of NPOs in that it centers on non-profit and philanthropic
goals as well as social well-being (e.g. charitable, educational, religious, or other activities serving the public interest or common good).

Sectors of economy
Primary sector
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector.

Secondary sector
The secondary sector of the economy manufactures finished goods. All of manufacturing, processing, and include metal working and smelting, automobile production, textile production, chemical and engineering industries, aerospace manufacturing, energy utilities, engineering, breweries and bottlers, construction, and construction lies within the secondary sector. Activities associated with the secondary sector shipbuilding

Tertiary sector The tertiary sector of the economy is the service industry. This sector provides services to the general population and to businesses. Activities associated with this sector include retail and wholesale sales, transportation and distribution, entertainment (movies, television, radio, music, theater, etc.), restaurants, clerical services, media, tourism, insurance, banking, healthcare, and law

Purposes