Business environment unit 01 Activity 1 P1&P2 Describe the type of business purpose and ownership of two contrasting businesses(P1). Describe the different stakeholders who influence the purpose of two contrasting businesses(P2). Definitions: P.E.S.T.L.E.: P-Political E-Environmental S-Social T-Technological L-Legal E-Economic This refers to the types of effects that businesses are faced with. Business activity: This is any activity that is engaged in for the primary purpose of making a profit. Business activities can include things like operations, marketing, production and administration. Also known as "business operations". Business sector: An area of the economy in which businesses share the same or a related product or service. Economies are comprised of four sectors. The primary sector involves the extraction and harvesting of natural products from the earth (e.g., agriculture, mining and forestry). The secondary sector consists of processing, manufacturing and construction. The tertiary sector provides services, such as retail sales, entertainment and financial services. The quaternary sector is made up of intellectual pursuits, like education. https://studymoose.com/move-and-position-individuals-in-accordance-2-essay