Business in Practice: Exploring Company Types and Factors

This report provides a comprehensive overview of different business types, ranging from micro-businesses to large corporations like Tesco, and analyzes their operational characteristics. It delves into various business structures, including sole traders, partnerships, limited liability partnerships, and public limited companies, highlighting their key features and differences. The report further examines how external factors, such as political, economic, social, technological, legal, and environmental (PESTLE) factors, influence business performance. It explores organizational structures like functional, divisional, and flatarchy structures, and their impact on business efficiency and employee satisfaction. By analyzing these aspects, the report aims to provide a holistic understanding of business operations and the external environment that shapes them.