Business research

1. Describe what economic sector your selected business is in. Discuss why you think it is in this sector. • What scale and type of business is it? • What is its Business purpose? (link generally and specifically to your Business example) 2. What form of ownership does your business have? • With examples, what are the main advantages and disadvantages of this? 3. What is enterprise? Explain in your own words. • Why is entrepreneurship important? Please give examples. 4. What are your businesses main aims and objectives? • Why are these important? • Are they achieving these objectives? • If yes explain how? • If not explain why? 5. What external factors affect your business in the Business environment? • What impact can this have on your business? 6. What structure does your business have? Use organisational charts. • Describe the 3 functional areas of your chosen business. • What are the main responsibilities of these departments? • Link to your business example. 7. What management hierarchy does your Business utilise? • In what ways do they motivate and lead their staff?