Different Types of Businesses and Their Organizational Structures

Business

Contents
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Definition, characteristics and examples of micro business, small business, medium size
business and large size business..................................................................................................1
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative........................................................1
Identify different organisational structures and explain how organisational structure affects
business productivity...................................................................................................................2
Using PESTLE analysis explain how different external factors affect the performance of a
business........................................................................................................................................3
CONCLUSION................................................................................................................................4
REFERENCES................................................................................................................................5

INTRODUCTION
The recommended paper examines and evaluates numerous kinds of businesses in great
depth (Kareem, 2018). It emphasises the importance of various phases of training in improving
the yield of businesses. In particular, the study includes a full examination of the Pestle Theory.
MAIN BODY
Definition, characteristics and examples of micro business, small business, medium size business
and large size business
Micro scale business- A smaller enterprise is a small local business on a very small scale.
The activities enabled inside the entrepreneur have a really wide capability, and the goods they
use are similarly quite constrained. The total workers in a small enterprise is less than ten.
Small scale business- Small businesses are described as businesses with a sole property,
limited capital, and low labour needs. Small businesses have a smaller market penetration, yet
they are regarded as valuable contributors to the overall economic.
Medium scale business- A medium-sized company is something that has the cash and
human resources to promote its brand in terms of investment operations. Medium-sized
businesses have a larger consumer base than tiny businesses.
Large scale business- Inside the economic realm, large-scale firms are increasingly
successful. Vast-scale businesses work on a massive scale and necessitate a significant amount of
cash. Revenue generating in large-scale company operations is extremely efficient and satisfying
(NGOLYA, 2020).
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative
Sole Trader- A business owner is an area of company in which a normal individual owns,
manages, supervises, and controls the company.
Partnership- A partnerships is a type of commercial organisation in which two or more
people create an arrangement to operate a company's operations and share the funds and loses
according to agreed capital contribution.
Limited Liability- A Limited Liability Company (LLC) could be regarded as a systematic
corporation which is formed through the enforcement of rules and can also be disbanded via the