Knowledge Is Power

T3 Hierarchy Of Business Objective Business as an natural process quite a little be divided into: * the great unwashed demanding goods and services. These ar consumers. * People tortuous in obtaining, arranging and transforming staple fibre materials into finished goods and products. * People who are non in the supra categories are those involved in distributing the products to consumers. Business organizations open fire be classified by the level of application, by sector or by profound structure. variety by level of activity * Primary firms involved in the first gear stages of production. These are the extractive industries (e.g. quarrying, mining, agriculture) * Secondary this second stage of production is manufacturing. both make goods are included, e.g. capital or investment goods (e.g Plant, buildings and machines), stable consumer goods (e.g cars, rinse machines) or Non-durable goods (e.g. Foods, clothing) * Tertiar y firm providing services, e.g. police, education and some another(prenominal) services such as banking, insurance and catering miscellany by sector This is simply grouping into head-to-head or public area. * The private sector includes on the whole firms whose willpower is by private effort (e.g. IBM) * The public sector includes cable which controlled by government e.

g British Rail, UK. Classification by legal structure The term legal someone can refer to any person who can revel accredited legal rights and who has certain legal duties. Some do not enjoy full legal capacity e.g. Children. When a follow is formed, this is an example of a group of people sightly a legal person which can enj! oy all legal rights that individual has e.g. it can own property. This concept is in trueness important for business organization. A company formed it run separate rights and responsibilities from the firm itself. Individuals who enter business as a legal person, in their own right, have no rights or responsibilities other than those of an ordinary...If you want to get a full essay, instal it on our website: OrderEssay.net

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