Different Types of Companies and Their Characteristics

Individual Report

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Task 1...............................................................................................................................................1
P1. Discuss with understanding different type of companies along with their characteristics
and examples...............................................................................................................................1
Task 2...............................................................................................................................................3
P2. Explain about characteristics and example of different companies of sole trader,
cooperatives and Limited liability partnerships..........................................................................3
Task 3...............................................................................................................................................5
P3. Assess different organisational structure and external environment affect business
structure. ....................................................................................................................................5
CONCLUSION................................................................................................................................7
REFERNCES ..................................................................................................................................8
.........................................................................................................................................................8

INTRODUCTION
Business is the type of activity which creates individual standard of living through
producing or buying and selling related with product and services. It can be measure profit and
non-profit entities about organisation that operates to accomplish charitable relates mission or
further social cause.
As per this report, the organisation is selected Marks and Spencer plc, it is British
multinational retailer with headquarter in London, England where they deals selling clothing,
home products that mostly its own label (Abdullahi and Zainol., 2016). Founders are Michael
Marks and Thomas Spencer in Leeds. They has currently has 959 stores in across the United
Kingdom. In this report, different type of business examples about two micro business, small
business, medium size business and large size. Elaborates about various types of characteristics
about sole trader, partnership, public limited liability business with cooperative. Discuss external
environmental to framing method to need explantation about company perspective.
MAIN BODY
Task 1.
P1. Discuss with understanding different type of companies along with their characteristics and
examples.
Micro Business: This business are vibrant and profitable aspect of segmentation of
developing countries. These types of companies are having value estimation on the basis of
capitalisation around less than $250,000 as per annually basis.
Characteristics: Ownership: A micro business is having single ownership as they also known as sole
proprietorship. Management: The management related activities is controlled through owner. Limited Reach: They have their own limitation to establishing business operation where
local shops is located in one area. Flexibility: Micro business are in flexible nature because as they are small and having
fluctuation in large industries.
 Availability of resources: The utilisation of resources is essential in every business but
micro business is having their own limits to push as per their limited wastage.
1