INDIVIDUAL REPORT.

INDIVIDUAL
REPORT
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Table of Contents
INTRODUCTION ..........................................................................................................................3
Section 1: You are to show an understanding of the different types of companies and how they
work.................................................................................................................................................3
Definition, characteristics and example of micro business, small business, medium size
business and large size business..................................................................................................3
Section 2: You are required to explain different companies from sole traders to cooperatives and
Limited Liability Partnerships. .......................................................................................................5
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative........................................................5
Section 3: To consider different business structures and how external factors affect businesses. . 7
Identify different organisational structures and explain how organisational structure affects
business productivity...................................................................................................................7
Using PESTLE analysis explain how different external factors affect the performance of a
business.......................................................................................................................................8
CONCLUSION ...............................................................................................................................9
REFERENCES..............................................................................................................................10
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INTRODUCTION
A business is an activity which includes buying ans selling or certain goods or services
for some consideration from customers to offering firm. Such kind of activity are done with a
purpose of generating revenue or profit or sometimes are conducted fro the purpose of serving
society people at no cost are established just to make charity (Chowdhury, 2013). There are
various kinds of business firms operated in market. Organisations such as Sole proprietor,
Partnership, Limited liability partnership, private company, public company, cooperative and one
person company. Such kind of business firms operates at different level such as micro, small,
medium or large business size. In the present report different forms of business firms are going
to be discussed along with their various characteristics and examples. The all levels of business
are also considered under the report. Further a private company is taken for which organisational
structure and PESTLE analysis is done in report.
Section 1: You are to show an understanding of the different types of
companies and how they work.
Definition, characteristics and example of micro business, small business, medium size business
and large size business.
Every business firms operates in market at a certain level of operation such as micro,
small, medium or large size of business (Dixit, 1997). These type of businesses are classified on
the basis of company's net worth, sales volume, number of employees, capital employed and its
total assets.
The definition, characteristics and example of different level of business is mentioned
below:
Basis of
Comparison
Micro Business Small Business Medium
Business
Large Business
Definition Micro businesses
are those who are
operating at very
small level in
Small business
refers to a type of
firm that runs
with less number
Medium business
are those type of
businesses which
are large than
Large businesses
are those which
operates their
function at
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market. of employees and
does not posses
large sales
volume.
micro or small
but is smaller
than large
businesses.
biggest level and
involves huge
sales and revenue.
Number of
employees
Under micro level
business less than
ten employees
works.
Small business
comprises of
employees
between 10 to 49
in a single
organisation.
Medium size
business is
established by
having employees
ranging from 50
to 249 in a firm.
Large business
are those who
works with more
than 250
employees in an
organisation.
Value of Assets Micro businesses
operates with less
than £113,647.
classification of
business based on
size in london
industry
The value of
assets under small
business ranges
from £13,647 to
£1,134,434.
Medium
businesses
operates their
function with a
assets valued
from £1,134,434
to £3,402,621.
Large size of
businesses are
those who holds
an asset for more
than £3,402,621.
Turnover Micro businesses
carries a turnover
up-to £2 million.
Small business
firm operates with
a turnover that
ranges from £2 to
£10 million.
Such kind of
businesses has a
turnover from £10
to £50 million.
Large business
organisations
carries its
operations with a
turnover of more
than £50 million.
Example Boss Brewing
Company
operates at micro
level of business.
CafePod Coffee
Company runs as
a small size of
business.
Verdant Leisure
comes under the
category of
medium business.
HSBC Bank is
categorized as
large size
business.
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