This report provides a comprehensive overview of business practices, encompassing different types of businesses such as micro, small, medium, and large enterprises, along with various company structures like sole trader, partnership, limited liability partnership, public limited company, and cooperatives. The report further explores the impact of different organizational structures, including functional, divisional, team, and virtual structures, on business productivity. Furthermore, it analyzes external factors affecting business performance using the PESTEL framework, considering political, economic, social, technological, environmental, and legal factors. The analysis includes practical examples to illustrate the concepts discussed, providing a well-rounded understanding of the business environment.
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