The Business Environment

Question 1

What is an organisation?

Answer 1

A group of individuals who work together in a organised way to achieve a shared purpose.

Question 2

What is organisation (the noun)?

Answer 2

1. Composed of individuals or groups of individuals.
2. Oriented towards achieving a collective goal.
3. They consist of different functions.
4. Those functions need to be coordinated.
5. They exist independently of individual members who come and go.

Question 3

6 types of business organisations

Answer 3

1. The public sector
2. The private sector
3. Small
4. Large or medium
5. Incorporated
6. Unincorporated

Question 4

The public sector

Answer 4

1. Organisations are likely to be involved in health & social care, education, defence, transportation, policing & justice, planning, public safety etc
2. Part of the economy which is provided by the government. It consists of national and local governments, their agencies and their chartered bodies.

Question 5

The private sector