Business In Practice

Business In Practice

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
SECTION 1......................................................................................................................................3
Definition, characteristics and example of micro business, small business, medium size
business and large size business.............................................................................................3
SECTION 2......................................................................................................................................4
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative...................................................4
SECTION 3......................................................................................................................................7
Identify different organisational structures and explain how organisational structure affects
business productivity..............................................................................................................7
Using PESTLE analysis explain how different external factors affect the performance of a
business...................................................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business is defined as an activity of undertaking something to achieve different kind of
objectives within pre-determined time period. There are different kinds of businesses having
different purposes and aims such as private organisation have aim to maximise profit whereas
public organisation has aim to improve standard of living of people by offering them quality
products at lower cost. It is important for these organisation to analyse market environment
which are contingent in nature by using analytical model such as PESTLE. The present
assignment report is based on Tesco which is multinational groceries and merchandise retailer of
UK having headquartered in England, UK. It ranked third in world largest retailer according to
gross revenues. The report discusses Definition, characteristics and example of micro business,
small business, medium size business and large size business along with the explanation of
organisational structure. The report also briefly explains PESTLE Model to analyse market
environment.
MAIN BODY
SECTION 1
Definition, characteristics and example of micro business, small business, medium size business
and large size business
Small and medium-sized enterprises (SMEs) endeavours are organizations that take care of
income, resources or various employees with a certain margin. Each country has its own
significance of what constitutes small and medium-sized enterprises (SMEs). Some sizing
measures must be taken and by chance the sector in which the organization operates is also
evaluated. Despite the small number of small and medium-sized enterprises (SMEs) that play an
important role in the economy. They take over large companies, employ a lot of people and are
often resourceful in nature, helping to create progress.
An organization that has developed beyond the constraints of a medium-sized company and
has at least 250 employees lies under large size organization. This is the essence of a highly
esteemed effort received by the UK's Department of Industrial Enterprise and Regulatory Reform
for real reasons. It is usually from the perspective of large global organizations that appear to be
global.