How Business Operates

How Business
Operates

Contents
Introduction.................................................................................................................................................3
Task 1..........................................................................................................................................................3
Task 2..........................................................................................................................................................3
Determine the importance of accounting in the success of a business...................................................3
The profit and loss statement helps the company to determine their standards in the market.............3
Functions carried out by Human Resource Department.........................................................................4
Features of employment legislation........................................................................................................4
Task 3..........................................................................................................................................................4
Interpret the data of profit and loss account of Tesco PLC......................................................................4
Task 4..........................................................................................................................................................5
Stages of developing team......................................................................................................................5
Determine own and other role within a team.........................................................................................6
Motivational theories..............................................................................................................................6
Types of leadership styles........................................................................................................................7
Task 5..........................................................................................................................................................7
Conclusion...................................................................................................................................................7
References...................................................................................................................................................9

Introduction
Business is an activity where individual sales their product and services in order to attain
their desirable goals from the competitive market. They engage to earn profitability from the
marketplace. Business operation refers to the functions of the business which helps the
entrepreneur was to attain their targets (Brinch, 2018). This report is discussed about the
different kinds of organisation businesses and there different structures which are followed by
the Enterprises in order to attain there goals. The business accounting is also discussed to
examine the growth of the organisation. Moreover, the report talks about the functions of Human
Resource Department and they are important in the company. Further, the employment
legislation is discussed which helps the employees to protect their rights with respect to their
work. The profit and loss account of Tesco PLC is also discussed. Tesco PLC is the company
which deals in the retail sector industry and located in England. The customer profiling is also
discussed which helps the business for their sustainable growth.
Task 1
Covered in PPT
Task 2
Determine the importance of accounting in the success of a business
Accounting plays an important rule in order to record the financial transactions of the
business which helps the company to examine their status in the market. It includes the process
of summarizing and analysing the transactions of the company so that they can plan the future
strategies which will be used to attain their future goals. It is important for the organisation
because:
The profit and loss statement helps the company to determine their standards
in the market.
The statement helps in determining the status of cash inflow and outflow. These
statements help the investors to invest their funds in company which resulted in the allocations of
resources in a better way.