Types of Companies

Types of Companies

Contents
INTRODUCTION.....................................................................................................................................2
MAIN BODY.............................................................................................................................................2
TASK..........................................................................................................................................................2
Different types of companies and how they work....................................................................................2
TASK 2.......................................................................................................................................................4
Different companies such as sole trades, cooperatives or limited liability partnership............................4
TASK 3.......................................................................................................................................................6
Different organizational structures and how it affects business productivity...........................................6
CONCLUSION..........................................................................................................................................7
REFERENCES..........................................................................................................................................8
Books and Journals:.................................................................................................................................8

INTRODUCTION
A company is a legal entity which is formed by a group of persons which shows a
connection and a relation whether it is formal or informal through which they wishes to earn
profits with the certain aims and objectives (Akšamović, D. and Šimunović, L.). The aim of the
report is to consider the different types of companies such small, medium or large enterprises.
The external factors are discussed in this report which shows the impacts on the company’s
growth and development. The PESTLE analysis is comprised with this report which shows the
performance of the company. The report is aimed on the Tesco Company which is a
multinational retail organization in UK, which purpose is to sale and retail shoes, toys, cloths,
furniture, financial services, telecom services and so on.
MAIN BODY
TASK
Varieties of companies and how they perform.
Small size business:
Small size business are those businesses which are privately owned and which have less
labors and less annual revenue which can be compared less to other regular business or
enterprises. Small scale business in many countries involved services for retail operations such as
in store small groceries stores, guest house, bakeries and many more (Gopal, M. and Schnabl, P.,
2020). It is function on a small scale level which includes minimum employees and shall be
known as small size business. Such type of business manufactures products and services on a
very small scale level.
Characteristics:-
There are various characteristics which shows the small size business. The characteristics
of small size business are as follows:-
Generally, small scale business has lower revenue and profitability as compared to other
business. Here low revenue does not signifies low profitability in the business but it funds the
enterprise to retain prices less than more leveraged company. Small group of employees or
labors in a small scale business has been taken into consideration as small team of members as
compared to other companies. These are such type of business which are operated by small
teams (Andreassen, N., 2017). Moreover, there are many business owners who are responsible
for handling operations in their company. The proficiency to chunk out the interference and
focus on the issues of objectives and aims which supports them to become successful business
owner who deals with the market. It has limited area of operations.
Some of the best example for small scale business with the more focus and these are
mentioned below:-