How Business Operates

How Business Operates

TABLE OF CONTENTS
.........................................................................................................................................................1
Table of Contents.............................................................................................................................2
Introduction......................................................................................................................................1
TASK 1............................................................................................................................................1
1.1 Types of firms...................................................................................................................1
1.2 Structure of businesses and reasons.......................................................................................2
It has different types of structure of businesses. Various types of structure of business followed
by Aldi are:.....................................................................................................................................2
1.2 Impact of local, national and international effect on Aldi....................................................2
TASK 2............................................................................................................................................3
2.1 Importance of accounting for business..................................................................................3
5.1 Functions of HR.....................................................................................................................3
5.2 Key features of employee legislation....................................................................................4
TASK 3............................................................................................................................................4
3.1 Accounting information.........................................................................................................4
TASK 4............................................................................................................................................5
4.1 Determination of role of team work......................................................................................5
4.2 Stages of team development..................................................................................................6
4.3 Three motivational theories...................................................................................................6
4.4 Types of leadership styles......................................................................................................7
TASK 5............................................................................................................................................7
5.1 Impact of user service on success.........................................................................................7
CONCLUSION................................................................................................................................7
.........................................................................................................................................................7

REFERENCES................................................................................................................................8

Introduction
Business environment consists of factors which are staff members so that firm can run
successfully. Through this firm earn more revenues and they can enhance market share. Hence as
a result company can run their operations successfully and effectively (Macaulay, 2018).
. As a result it can also maintain good and string position in minds of all staff members.
Assignmnet discusses about Aldi company which is a retail firm. It was found in U.K. There are
various types of firms and structure of businesses. Accounting is crucial for Aldi and accounting
information is important for Aldi. Team work is very important for firm. Customer service is
important for firm as report describes about impact of user service on success of business.
TASK 1
1.1 Types of firms
Various firms are there in public and private sector. Types of firms in Aldi are:
Private sector: They are not run by govt but are controlled and managed by private sector. Its
types are:
Sole proprietorship: It is run by a single person. In this profits and losses is also bear by single
person.
Partnership: It is run by two or more persons. Losses and profits are borne in partnership by two
or more persons.
Limited liability: In this company only have to pay the debts and do not sell of their personal
assets to pay liability. This is known as limited liability.
Public corporations: Various types of firms which are available in public corporations are:
Departmental firms: They are manager by ministry. For example there is railways which is
controlled by departmental firms.
Statutory corporations: These are created due to passing of parliament. It is also formed by
various legislations and rules and they can manage various tasks.
Govt Company: It is created by govt. It is formed due to passing of special act of govt, 1956.
51% of shares is held by central or state govt (Laszlo and Cescau, P2017)
.
It is crucial so that they can enhance their profits and they can manage all operations effectively.