Different Types of Companies in the Market and Their Business Structures

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Table of Contents
INTRODUCTION ...............................................................................................................................3
MAIN BODY ......................................................................................................................................3
Section 1...............................................................................................................................................3
Discuss different types of companies in market ............................................................................3
Section 2 ..............................................................................................................................................5
Critically explain from sole traders to cooperatives & limited liability partnerships .....................5
Section 3...............................................................................................................................................6
Access different business structures & how external factors affect businesses...............................6
CONCLUSION....................................................................................................................................9
REFERENCES...................................................................................................................................10
Books & Journal:...........................................................................................................................10

INTRODUCTION
Business and management are interlinked with each other. With changing period of time, it
is essential to examined that in market small, medium and large enterprises exist. Main aim of this
report is to critically understand the importance of marketing activities on small & medium
enterprises (Alfoqahaa, 2018). It is crucial to have appropriate information about market so that it
is easy to use resources in business within effective way. Tesco, a large supermarket chain
headquartered in U.K. It is located at global scale and has wide range of competitors such as Asda,
Walmart, etc. This report comprises of several kinds of companies, different companies from sole
traders to LLP and business structure with external factors affecting operations.
MAIN BODY
Section 1
Discuss different types of companies in market
Micro entity
A micro entity is one which there are nearly 10 or fewer employees. These micro firms deals
in market at small level & aims at survival rather than profit. For example- small shops in the street
of commercial or local communities. Micro entity survival period is small & limited relying on
level of situation (Ben Youssef, 2018).
Characteristics
 The small enterprises has less gestation period, period after which ROI on investment starts.
 The owner of small firm is play role of manager, employee consistently.
 Their main objective is to increase percentage of profit up to minimal extent.
Small enterprises
A small entity refers to organisation which has turnover of £10.2 million and 50 or less
employees. For example- restaurant, cafe, saloon etc. are to be viewed as small entity. For example-
small enterprises in U.K are Fordway solution, Airdri, etc. Small firms aims at earning profit at
moderate level & increasing access to resources in specific manner.
Characteristics
 Small entity mostly have lower revenue and profitability because of limited resources as
well as financial viability.
 Main aim of small entity is to access more customers in specific way.
 They have small amount of investment within business.
Medium enterprises