Types of Businesses, Organizational Structures and PESTLE Analysis of Tesco

Business in Practice

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Define and explain the characteristics of micro, small, medium and large size businesses with
examples......................................................................................................................................1
Definition, characteristics and example of sole trader business, partnership, limited liability
business, public limited liability business and Cooperative........................................................2
Identify different organisational structures.................................................................................4
PESTLE analysis of Tesco..........................................................................................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Business can be defined as an entity which has is having the provision of providing good
and services to consumers. There are different types of business which can be formed according
to the type of investment which the owner of a company have made. It depends upon the choice
of an individual that which form they have to chose according to the form of business they want
to make. But every kind of business has some or the other kind of risk which they have to face
according to the type of business they selects (Schaltegger and Wagner, 2017). Internal and
external are the two factors which can be difficult for the companies if proper measures are not
taken. Tesco is a multinational company which is famous for groceries and general merchandise
which was founded in the year 1919 and is having its headquarter in London, UK. This report
will cover different types of companies and their legal entities which will also cover internal and
external factors which can impact a business.
MAIN BODY
Define and explain the characteristics of micro, small, medium and large size businesses with
examples
Micro business- Micro business are considered to be very small in size which is having less
investment made on their business and employing less than 10 people. It can be said that micro
business usually earns less revenue comparing with other kinds of business and the market area
in which they have to cover the business is also very small. The objectives of such kind of
business are not huge because the investment made by them is also not huge. For example- Boss
Brewing Company
Small business- These kind of business are small in scale which is having a turnover of around
$6.5 million which is more than what is earned by the micro business. The kind of business
which is owned by a owner of a small business is a sole proprietorship and the area of operation
in which they conduct their business is also small (Boone, Kurtz and Berston, 2019). The small
business is considered to be a flexible because of which they are able to make sudden changes.
For example- Broadsword Event House
Medium size business-Medium size business are considered to be those which is having a
turnover of around $25.9 million in which the number of employees are more then 250. Medium
business are those type of business in which the objectives which are made are larger then the
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