Types of Business: Micro, Small, Medium, and Large

Business in Practice
(PART 1)

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
SECTION 1......................................................................................................................................3
Definition, characteristics and example of micro business, small business, medium size
business and large size business.............................................................................................3
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Business comprises of the important method through which all the organisation there by
increase there growth of the company and also increase the revenue by managing the
productivity in the market. All the profit is being generated by the person through the methods
like certain business set up(Rendtorff, 2019). The organisation chosen for this report is
Sainsbury, it is the biggest supermarket sector which deals with all the groceries and also the
home essentials and various retailing items. This report will cover the PESTLE analysis and all
the external environment factors.
SECTION 1
Definition, characteristics and example of micro business, small business, medium size business
and large size business
As the person will have to earn the profit they will have to try and frame all the business
activities that are being used in order to earn profit and gain various areas and means through
which certain natures and the accords can be maintained will be covered in business. The
business can be small, micro, medium and large. The main aim of the business is to earn the
profit and increase the profitability of all the important areas and segments by increasing the
production.
Micro size Business
In such business practise there will be allowed only 0 to 9 employees in the working
areas. And the usual annual turnover of such business will be amount to £2 million. They are the
low investment business and the funding that is being made in such business tends to be low as
well(Kato and Charoenrat, 2018).
Characteristics
 This type of business is being set out in low scale areas with all the low market segments.