BMP3002 Business in Practice: Understanding of Companies

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BMP3002 Business in Practice

Question:

Learning Outcomes Assessed:

1: Differentiate between different types of companies and their legal entities

2: Describe different internal and external factors which impact on businesses 

Assessment Brief: 

You have been employed as an assistant business analyst by a large multinational organisation to investigate different types and sizes of business they will have to compete with. They also would like to know how internal and external factors impact businesses. You were asked to write and submit 2,000 words Management Report to the CEO and your report should include the following:

Section 1: You are to show an understanding of the different types of companies and how they work. 

Your response should cover the following:

  • Definition, characteristics and exampleof micro business, small business, medium size business and large size business.

Section 2: You are required to explain different companies from sole traders to cooperatives and Limited Liability Partnerships. 

Make sure, your response includes the following: 

  • Definition, characteristics and example of sole trader business, partnership, limited liability business, public limited liability business and Cooperative. 

Section 3: To consider different business structures and how external factors affect businesses.  

In this section of the report, you are required to:

  • Identify different organisational structures and explain how organisational structure affects business productivity.  
  • Using PESTLE analysis explain how different external factors affect the performance of a business. 

BMP3002 Business in Practice

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