QUESTION 1
Explain clearly what is business organisation.
A business organization is an entity that aims to make money or earn profit by providing
goods or services for customers. The business organization sells goods or services with
tangible and intangible attributes that provide customers advantages and satisfaction.
There are 4 main types of business organizations which are sole proprietorship,
partnership, corporation, and limited liability company(LLC). Examples of business
organizations are HONDA, Maggi, TOYOTA and so on.
QUESTION 2
Explain / define clearly what is management
Management is the attainment of organizational goals in an effective and efficient manner
through planning, organizing, leading, and controlling.
Planning – to select goals and ways to attain them.
Organizing – assign responsibility for task accomplishment
Controlling – monitor activities and make corrections.
Leading – use influence to motivate employees
Besides that, it is a process designed to achieve an organization’s objectives by using its
resources effectively in a changing environment.
QUESTION 3
Explain clearly what is task environment. And discuss examples of customers
environment, suppliers environment, competitors environment and labor market
environment.
● Task environment of an organization is the environment which directly affects the
organization from achieving business goals.
● Examples of task environment sectors include, customers, competitors, suppliers
and labor market.
I. Customers Environment
Organizations also compete for customers as well as for wholesalers.Customers
decide the fate of any company and hence companies try their level best to lure
them.
II. Suppliers Environment
