Different Types of Companies and Organizational Structures

BUSINESS IN
PRACTICE
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Table of Contents
INTRODUCTION.................................................................................................................................3
TASK 1:................................................................................................................................................3
Different types of companies as well as how they work....................................................................3
SECTION 2...........................................................................................................................................5
Various companies from sole traders to cooperatives and Limited Liability Partnerships.................5
SECTION 3:..........................................................................................................................................7
Various organizational structures as well as explanation of how organizational structure affects
business productivity.........................................................................................................................7
Using PEST analysis explaining how various external factors affect the performance of a business 8
CONCLUSION.....................................................................................................................................9
REFERENCES....................................................................................................................................10
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INTRODUCTION
Business is taken into consideration as a separate legal entity that continues powerful
making plans & which could assist to set up a sturdy infrastructure that may offer Innovative
items and offerings which could assist to draw customers. There are numerous kinds of
agencies are walking within the UK like small, micro, medium as well as big agencies that
include particular traits as well as scale. This assignment would give an explanation for
numerous kinds of agencies as well as numerous possession systems like sole proprietorship,
co-operatives, partnerships, agencies, and plenty of others (Amato, 2021). This file analysis
any sort of corporate shape along with determination how companies shape could have an
effect on the productiveness of the corporation. For this assignment, Morrison’s organisation
comprises, that is famous global British store shape that functions numerous supermarkets as
well as shops everywhere in the globe. These corporations mounted in 1899 with the aid of
using William Morrison. This file comprises of a PESTLE evaluation to analyse the effect of
outside elements at the overall performance of the organisation.
TASK 1:
Different types of companies as well as how they work.
There are diverse styles of corporations running their corporation’s within the United
Kingdom that could assist to enhance the residing trendy of the humans as well as
additionally offer suitable job possibilities to the agricultural and concrete humans &
additionally goal neighbourhood groups so we can stay a very good life. The indulgence of
various varieties of corporation’s within the United Kingdom financial system is extra as well
as corporations could offer a wonderful effect at the monetary increase of the nation
(Bodrova and et. al., 2021). There are diverse form of corporations that taken into
consideration with the aid of using the United Kingdom marketplace that are defined below-
Microbusiness could be very small in length as well as consists of a completely small stage of
scale as well as calls for lesser quantities of finances to begin an enterprise. In this form of
corporation, much less than 10 employees could paintings as well as its turnover taken into
consideration beneath £2 million.
Characteristics
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