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

BSc (Hons) Business Management with
Foundation
BMP3002
Business in Practice
Assessment 1
Types of Companies
:
Contents
Introduction 2
Section 1: Different types of companies and how they work
P
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Section 2: Different companies from sole traders to cooperatives
and Limited Liability Partnerships p
Section 3: Different businesses structures and internal factors
affecting business p
Conclusion p
Reference List p
Introduction
The aim of this report to examine the business environment as well as the different
organisations that carry out the business activities (Caldera and et.al, 2019). There
seems to be a pace that is being followed in almost all the industries upon the
practices they adopt in the businesses they are operating. The report brings forth
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different components that are associated with sole trader and cooperative as well as
the structures and internal factors affecting the business.
Section 1: Different types of companies and how they work
Micro business:
Micros businesses are those that usually arises a small enterprise with two or more
employees operating on a sole purpose. The business that is being operated by the
micro businesses is only limited to their development and with regards to only a
branch. There seems to be no proper growth that is obtained yet the micro business
will help to sustain the employees for over long run unless and until it is being
maintained with proper ethics (Baldassarre and et.al, 2020). These businesses are
operated on a very small scale and in a small circle.
Small business:
Small businesses are almost equal to the startups that are almost there in all the
countries. this said to be started as a petite conception with small investment which
is available and is mostly compared to a Startup capital. The financing in this
particular business is said to be self-financing which is being done by the owner
through money that is saved for over a long period of time or an equity loan. There is
an evolution of many small businesses in this era which will multiply to become most
successful business ideas and bring out more entrepreneur. There is an existence of
online business for small startups and which has clicked out to be the best out of the
lot (Caldera and et.al, 2017). Example of a small business is the Colortron Limited in
United Kingdom which has operating as a small scale business but is trying hard to
reach the perk of being the best.
Medium size business:
Medium business are considered to be those that are a little bigger than the small
scale businesses with the same formula of carrying out the personal numbers in
following for certain limits. There is a term that is given to the small and medium
businesses which is the SME. SMEs are the growth prospects that are derived to be
one of those prominent means of multilateral organizations which are excited to have
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