A Report on Business: Types, Structures, and External Factors Analysis

This report provides a comprehensive overview of various business types, ranging from micro to large enterprises, and their respective characteristics. It delves into different organizational structures, including sole traders, partnerships, and limited liability companies, outlining their key features and liabilities. The report further explores the impact of external factors on businesses, utilizing a PESTEL analysis to assess political, economic, social, technological, environmental, and legal influences. The study also includes a case study of British Airways, examining its organizational structure and how it is affected by external factors. The report concludes by summarizing the key findings and emphasizing the importance of understanding business structures and external environments for effective management and strategic decision-making.