Understanding Different Types of Companies and External Factors Affecting Businesses

Individual report
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Table of Contents
Table of Contents.............................................................................................................................3
INTRODUCTION...........................................................................................................................4
Section 1: You are to show an understanding of the different types of companies and how they
work.............................................................................................................................................4
Section 2: You are required to explain different companies from sole traders to cooperatives
and Limited Liability Partnerships..............................................................................................5
Section 3: To consider different business structures and how external factors affect businesses.
.....................................................................................................................................................5
CONCLUSION................................................................................................................................8
REFERENCE..................................................................................................................................9
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INTRODUCTION
Business report is the evaluation of activities and functions which are running in the industry
that needs to consider while operation which can help to increase the organisational productivity
and profitability (Amir, Arshid and Arani, 2019). For running any business there is need to
analyse the activities and productivity as these are important to know that which factors might be
affect the business and their performance. This report is based on Cadbury organisation that is
large size multinational company operating their business all over the country by offering variety
of products and services which influences number of customers and attain the higher
productivity. The management of such organisation understand taste of their customers produce
the kind of products which develop the higher performance in changing environment. This report
is segmented in three section as different types of business, types of companies and factors in
relation to external environment that affected the business.
Section 1: You are to show an understanding of the different types of companies and how they
work.
Micro business: This type of businesses is very small in size as they are operating very
small places. The main purpose of such business is to fill customers demand and live their daily
life. In this business numbers of people are less than 5 that can help to manage a business. For
example, repairing shop, mobile booth (Ghobakhloo, Azar and Tang, 2019).
Small business: This specify explicit as small business such as sole trader, partnership
and corporation which can help to manage a business regularly. The main purpose of small
business is to manage the activities and fill the customer demand and increases the performance.
the number of person in such business are less than 10 who thoughts to increase their activities.
For example, small restaurant, Café Qila and others.
Medium size business: Such type explicit greater than small where more than 50 but less
than 250 employees are working for the purpose of providing variety of products and services.
For instance, Pharmacy 2U, Crawford Healthcare, NPW gifts (Ye, Xiao and Zhou, 2019).
Large size business: This type of business is establishing for getting the higher profits by
managing and organising all activities accurately. The number of employees are more than 500
that helps to attracts the large number of customers. For example, Cadbury, Starbucks and Rolls
Royce.
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