How Business Operates

How Business
Operates

Table of Contents
INTRODUCTION ..........................................................................................................................3
TASK 1 ...........................................................................................................................................3
Covered in PPT.......................................................................................................................3
Task 2 ..............................................................................................................................................3
Evaluate the importance of accounting for the success of the business.................................3
What are the functions carried out by the HR department in the business.............................4
What are the features of employment legislation...................................................................4
Task 3...............................................................................................................................................4
Interpret the data of the profit and loss account of Tesco PLC. ............................................4
Task 4...............................................................................................................................................5
What are the stages of team development?............................................................................5
Determine own and others role within a team........................................................................6
Evaluate the three Motivational Theories...............................................................................6
Types of leadership styles......................................................................................................7
Task 5...............................................................................................................................................7
Covered in PPT.......................................................................................................................7
CONCLUSION ...............................................................................................................................7
REFERENCES................................................................................................................................9

INTRODUCTION
Business is an activity which helps the individuals to attain their desires goals by selling
their products and services to the targeted customers. These kinds of activities are done to
generate revenue from it. Business operations means the functions by which the entrepreneurs
operate their business so that they can accomplish their targets (Adebayo, 2020). This report is
talked about the different kinds of business organisations and the different structures which are
followed by them. The accounting business is also mentioned in the report in order to identify
the growth of the business organisation. Further, the report is being discussed about the functions
of Human resource department which are useful in the organisation and the legislations which
are in force to protect the rights of the employees. This report is also talked about the profit and
loss account of Tesco PLC. Which is an multi national retail sector industry which deals with the
grocery stores. Lastly, the report is being discussed about the customer profiling which helps the
business to grow.
TASK 1
Covered in PPT
Task 2
Evaluate the importance of accounting for the success of the business
Accounting is the activity which is done by the business organisation in order to record
their financial transactions which helps the business to determine their standard. It includes the
summarizing, processing and analysing the transactions of the firm so that they can form the
future strategies accordingly (Rexhepi and et. al., 2018). It is important for the organisation as :
 The provides the statement of profits and losses of the firm which helps in determining
the status of the company.
 These statements helps in examine the status of cash flow that is from where it is coming
and where it is going. It helps in determining the investments so that the investors can invest their funds in the
company.