Introduction to Business

Introduction to Business
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Contents
INTRODUCTION...........................................................................................................................3
Questions.........................................................................................................................................3
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8
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INTRODUCTION
Business is basically denote a board term that usually comprises of different partners
along with efficient working practices. The assets that are being possessed by enterprise which
enable to achieve its desirable goal or objective within specific time interval. This report is
focused on the “Dessert shop” which undertaken into specific consideration in respect to the two
partners such as Mary and Sue. They have been decided to establish a little business in order to
maintain position in global marketplace.
This report will discuss about the partnership as consider type of enterprise in order to
handle by partners sue and Mary. It will explain porter’s five force model that will utilise for
providing the better advice and gain more competitive advantage in marketplace. Furthermore, it
will identify the different macro environment factors which will carry out the brief idea about the
external environment of “Little Dessert shop”.
Questions
Evaluate the partnership as type of business organization with respect to Mary and Sue’s Little
“Dessert shop”
A partnership is a kind of formal arrangement by two or more parties to operate or manage the
entire business, also sharing business profits equally. According to the case study, it has been
analysed that Sue and Mary operate as partnership “little dessert shop” business. Typically, they
were following the proper government structure, systematic approach while delivering the better
functions in marketplace. In general, partnership can imply in the formal agreement that mainly
occurs with different parties. Afterwards, they can manage or operate simultaneously (Köseoğlu
and Almeany, 2020). A formal partnership needs of one or two members, who are registered
their business under specific rules and regulations.
As per given scenario, it has found that Mary and Sue both are two professionals, those
having a relevant experience in the hospitality industry. Therefore, it become easier for handling
the complex business operation and function. Initially, they have started as small venture and
named as Little Dessert Shop, located in Birmingham, bullring shopping centre. As per study,
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