Unit 1

In: Business and Management

Submitted By abdul150
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Btec National in business
Unit 1 – Business Environment * Write a BRIEF introduction to each business to explain what it does. * Explain the purpose of each business. * Describe the sector it operates in. * Explain in detail the type of ownership that the two businesses have- including the advantages and disadvantages of each type of ownership.

Task 1

Write a BRIEF introduction to each business to explain what it does.

The British heart foundation was founded 50 years ago in 1961 by a group of medical experts who wanted to do some research on things like causes, treatment and prevention of the heart and circulatory disease and this has managed to help many people over the years gone by. The British heart foundation is the number one heart charity in the UK and what they do is funding research projects around the world to try finding out more about the disease and how to stop it and this has been happening for about 50 years and has made a big difference on a lot of lives. They also do fundraising, volunteering work, making or taking in donations which you can take part whenever. Explain the purpose of each business.

The purpose of the business is to help people suffering from heart and circulatory disease by doing research funded by people’s donations to find out about any causes, treatments or ways of preventing the disease. It is a non a profit organisation which means that the business does not wish to make any income as is only doing so to achieve a bigger goal.
Describe the sector it operates in

The British heart foundation is in the third sector also known as a “non-profit organisation” because the British heart foundation does not wish to make any income as is only doing so to achieve a bigger goal. Normally the non-profit organisation involves things like volunteering work…...

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