Business Environment

Question 1

What is the Private Sector?

Answer 1

The private sector is made up of organisations that are aiming to make a profit

Question 2

What is the Public Sector?

Answer 2

The public sector is made of organisations controlled and run by the government and they don’t usually make a profit

Question 3

What is the Voluntary Sector?

Answer 3

This is made of organisations not controlled by the government but also not aiming to make a profit. Organisations in this sector work closely with the public sector.

Question 4

What is the Micro environment?

Answer 4

The micro environment consists of internal factors of the business environment that are usually controllable by the organisation e.g. Finances and budgets. physical resources, location, employees and target audience

Question 5

What is the Macro environment?

Answer 5

The macro environment consists of external factors that the organisation cannot control. These are grouped together using the acronym PESTLE: Political factors, economic factors, social factors, technological factors, legal factors and environmental factors

Question 6

What is a hierarchal organisational structure?

Answer 6

This is the most traditional type of organisational structure where a person or a couple of people sit at the top and have more ‘middle managers.’ There is a longer chain of command is these types of business which can cause communication problems.

Question 7

What is a flat organisational structure?

Answer 7

These structures focus more on fewer middle management, and more working together with each other. This kind of structure is better for a smaller business and allows departments to communicate with each other more effectively

Question 8

What is a holocratic organisational structure?

Answer 8

This is the flattest of organisational structures and are best suited to much smaller organisations. Everyone in the business can communicate effectively and there is no clear management, everyone has more responsibility and decisions are made faster.

Question 9

What are 8 different business functions within an organisation?

Answer 9

Operations/customer service, sales, marketing, research and development, distribution, HR, I.T. and Finance.

Question 10

What are the 12 potential roles within a marketing team?

Answer 10

Marketing manager, campaign manager, technical specialist, SEO specialist, PPC specialist, web developer, content manager, copywriter, designers, social media manager and a data analyst