Individual Report on Little Dessert Shop

Individual report
Case Study based

Table of Contents
Introduction......................................................................................................................................3
Different types of business organizations....................................................................................3
Macro environmental factors affecting business.........................................................................4
Economic factors.....................................................................................................................5
Demographic forces.................................................................................................................5
Natural and physical forces.....................................................................................................5
Porter’s Five Forces Analysis......................................................................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

Introduction
The assignment has been done in the form of Individual Report on a Case Study: Little Dessert
Shop. The learning outcomes of this assignment are to recognize different types of business
organizations and demonstrating an awareness of the relationship between an organization and
its business environment. The Case study has been done through answering the queries of Marry
Jones in the form of questions. Report ends with conclusions based on analyses and knowledge
gained after answering the questions and research.
Different types of business organizations
All organizations must embrace some lawful setup that characterizes the rights and liabilities of
members in the business' proprietorship, control, individual risk, life expectancy and monetary
structure. The type of business figures out which personal expense form structure to record and
the organization's and proprietors lawful liabilities. Business association, an element framed to
carry on business venture. Such an association is predicated on frameworks of law administering
agreement and trade, property rights, and fuse.
Types of business organizations
Sole Proprietorship
By far most of independent ventures begin as sole ownerships. These organizations are claimed
by one individual, normally the person who has everyday obligation regarding maintaining the
business. Sole ownerships own all the resources of the business and the benefits produced by it.
They additionally accept total accountability for any of its liabilities or obligations. According to
the law and people in general, you are one in the equivalent with the business.
Partnerships
In a Partnership, at least two individuals share responsibility for single business. Like
ownerships, the law doesn't recognize the business and its proprietors. The Partners ought to
have a lawful arrangement that presents how choices will be made, benefits will be shared,
debates will be settled, how future accomplices will be admitted to the association, how
accomplices can be purchased out, or what steps will be taken to disintegrate the organization