Assignment 1 Unit 1 (the Business Environment) Essay

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The business environment P1 – Describe the types of business, purpose and ownership of two contrasting businesses Northampton Life Magazine The aim of this report is to describe the different types of business organisation, purpose and ownership of two contrasting businesses. The two organisations I have chosen are ‘Aldi’ and ‘Macmillan’ Aldi is a leading global discount supermarket chain with over 9,000 stores in over 18 countries, and an estimated turnover of more than £38bn. The purpose Aldi serve is a worldwide service which sells groceries and miscellaneous items which are at reasonable prices for people to buy. Aldi is a global business as it operates in more than one country. Aldi is a private business which is owned by private individuals, with aims such as to make profit and expand, finance comes from the owners own money and or the businesses profit. Also Aldi is in the ‘Tertiary sector’ which provides services to other businesses or customers by selling the finish product. Aldi is a private limited company (LTD). As well as Aldi are a limited liability business which means that the owners are legally responsible for its debts only to the extent of the amount of capital they invested. The other company I am doing is Macmillan. Macmillan cancer support is one of the largest British charities and provides specialist health care, information and financial support to the people that have been affected by cancer. The purpose of Macmillan is to be there for people that face cancer and don’t want to be facing it alone. There are a constant source of support, giving the energy and inspiration to help people diagnosed with cancer take back control of their life. Macmillan is a national business as it only operates in England. Macmillan is a voluntary business that aims to help cause, they are funded by donations and are voluntary (NOT PAID). Within the

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