A Detailed Business Report of One Medium Size or Large Business :: Business Management Studies

A Detailed Business Report of One Medium Size or Large BusinessI imbibe been asked to produce a detailed business report of one mediumsize or large business. My well- planned business report shouldcontain The objectives, organisational social structure and communication channels that operate within the business. An examination of how these factors, interrelate in a way that can affect the success of the business. An explanation of how quality toast and control assurance and control systems help the business to add value to its products. Consideration of alternative methods of quality assurance and control. Consideration of how well the business is impact its objectives. An explanation of the impact of ICT upon the internal and external communications of the business.E1- The classification of the business according to its ownership, andan explanation of the benefits and constraints of this type ofownership.Mixed Economy Businesses fall into two categories A PrivateEnterprise or a Public Enterprise. In private there are businessessuch as sole proprietors, partnerships, limited companies andfranchises. In the macrocosm section you have public corporations,government departments and local authorities. I have written detaileddescriptions of some of these below.Sole Trader - A sole bargainer is a one-person business, commonly foundin trades where only small amounts of finance are required to set upand where there are rattling few advantages to the existence of largerorganisations (e.g. hairdressing, newsagents, market traders). Soletraders often employ waged employees, but they alone have to provideall the finance (often savings and bank building loans) and accept all therisks of the business venture. In return, they have full control ofthe business and enjoy all the profits. A sole trader faces unlimited liability for his/her debts and it is referred to as an unincorporatedbusiness this means that there is no legal difference between thebusiness and the owner.Partnerships A partnership consists of between 2 and 20 individuals.Each partner is responsible for the debts of the partnership andtherefore you would need to choose your partners carefully and draw upan agreement on the responsibilities and rights of each partner.Partnerships are comparatively easy to set up and will generate morecapital. The most common examples of a partnership are doctorssurgeries, veterinarians, accountants, solicitors and dentists. Mostpartners in a partnership face unlimited liability for their debts.The only exception is in a Limited Partnership. This is where apartnership may wish to inscribe additional finance, but does not wish totake on any new active partners.Private Limited Company - Often private limited companies are small,