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Unit 1 The Business Environment P1 P2 M1 D1
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Lauren WhiteUnit 1: Business Environments
Assignment 1 Task 1
Ownership and Interest
In this assignment two contrasting businesses will be discussed – Apple and Oxfam. Their
ownership, purpose and sector will be stated alongside with the different stakeholders they
have. The stakeholders will be described and evaluated to show the influence they exert
upon the businesses and the points of view they have.
P1 - Describe the type of business, purpose and ownership of two contrasting businesses
Apple is one of the world’s best known global companies and are based in California. Apple
produces highly valued gadgets with advanced technology such as iPhones, iPads, iPods and
Macs. In 1976 Apple was founded by Steve Jobs and Steve Wozniak. Steve Jobs left the
company but returned in 1997 when it was close to becoming bankrupt. The introduction of
the iPod in 2001, the iPhone in 2007 and the iPad in 2010 meant the company made a lot of
money resulting in them no longer being close to bankruptcy. During 2014, Apple earned
close to $40 billion in profits.
Apple aims to develop technology in order to make user friendly products. They want to
deliver to customers by providing the latest technology while making money for the
business. The company has a large focus on the customer so they can deliver products that
will be effective. This will lead to apple making a huge profit. This has led to the company
becoming a global business with over 700 million iPhone users. Apple manufactures
products while delivering a service meaning it belongs to both the secondary and tertiary
sectors. Apple became a Public limited company in 1985. This means shares can be offered
to the public and they need to publish their financial positions so investors can have an
understanding on the worth of the business. As apple is a public limited company, they have
limited liabilities. This means if the company is sewed the owners and investors are not at
risk as the liabilities are with the company. Therefore, the owners and investors are
protected.
Oxfam has the key aim to help people at risk when a disaster occurs. They are global
movement that provide clean water, sanitation, food and other essentials needed to save
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