Understanding Different Types of Companies and Their Operations

INDIVIDUAL
REPORT

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
SECTION 1......................................................................................................................................1
Understanding of different types of companies and how they work..........................................1
SECTION 2......................................................................................................................................3
Explain different companies from sole traders to cooperatives and limited liability
partnerships.................................................................................................................................3
SECTION 3......................................................................................................................................5
Different business structure and how external factors affects businesses ..................................5
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Business in practices a core concept that will help an individual person to engage in a
particular form of work. It includes any tactics and strategy that helps the businesses to reach
their objectives. For this organisation may apply some code of conduct for business practices for
assuring that the employees are work fully efficiently under the law applicable. This report is
based on the different types of companies with their legal entity that helps the business analyst in
their research and also helps in gaining more knowledge regarding different types of business.
Further this involves the factors based on the internal and external aspects that mainly emphasis
on the operations of the businesses in a huge way(Lüdeke-Freund and Dembek, 2017).
MAIN BODY
SECTION 1
Understanding of different types of companies and how they work
Micro business
Definition- This type of business is defines as a very small type of business that start
their operations with very few capital and resources. As they do business for feeding and taking
care of individual family and friends that mainly emphasis on their survival in the local market
area.
Characteristics- Feature of this type of business is that they provide employment only 0-
9 or less than that. In micro business the maximum turnover of the organisation is around £
632000. In this business may listen to their consumers so that they can effectively analyse their
needs and requirements and offers according to that.
Example- The example of micro business is boss brewing company that is build to
change the perception of gender in beer industry(Baumann-Pauly and Nolan, 2016).
Small business
Definition- It refers to that business enterprise which is comparatively larger than micro
enterprise as it provides the job opportunity more than above business structure that is 0-49. This
employees contributes in the success of business and their longer sustainability.
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Characteristics- Key attribute of this venture is that they are working in a limited area of
few locations where small employees teams are working for gaining higher profits and revenues.
As this type of business institution does not any tax because of their low profit margin.
Example- The best example of this is Cafe pod coffee co. that is best manufacturer of
exciting and strong coffee for coffee lovers. This venture is emphasis on providing innovative
coffee to their clients that helps in gaining profits(Huntington, 2018).
Medium enterprise
Definition- This type of business enterprise is well managed and larger that small and
micro business enterprises as in this around 50-250 employees are working. This type of
enterprises have more capital and resources due to this they merely focus on their decisions
related to investment. As this type of enterprise is effectively get the investor and lender to
expand their business units so that they may generate higher profits and revenues.
Characteristics- Medium size enterprise have an effective feature where more than 50
members are working for generating profits and gaining competitive advantage within
marketplace. This enterprise take high risk to enhance their presence in more geographical
locations.
Example- The best example of this venture is Captify that specialise in doing search
intelligence and taking media decisions within the market of UK.
Large business
Definition- It refers to that type of business enterprise hat are working with more capital and
investment and mainly focusing on satisfying the needs of the customers by offering them
creative goods and services to the buyers for generating higher profits and revenues. This large
ventures are working in the competitive industry where they offers goods and services and
gaining the competitive advantage so that they survive for a longer period of time frame.
Characteristics- The main feature of this type of business venture is that there are more than
250 employees are working and they also offers the job opportunities to their society people.
They can earn more revenues as compare to small and medium enterprise that is 1.5 billion
Euros.
Example- Dyson is one of the largest British technology company that is established in 1991 by
James Dyson. They deals in several product like vacuum cleaner, air dryers, heaters, hair dryers
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