An Analysis of Richer Sounds PLC Essay -- Business Management TQM Essa

An Analysis of Richer Sounds PLC1.0 A Report on How Richer Sounds Functions4.1 A Classification of the business according to its self-command, andan explanation of the benefits and constraints of this type ofownershipRicher Sounds is part of the Private Sector, which consists ofbusinesses who seek to make a profit. Julian Richer is the mend ownerof Richer Sounds, which operator he has full control over the business, only the Directors run it. Richer Sounds is a regional unlisted PublicLimited Company, which mean it is not listed on the Stock Exchange.Julian Richer is owner of all the sh ars of Richer Sounds, provided theofficial name of the company is still Richer Sounds PLC, even thoughthe shares are not for sale to the public. Julian Richer also gainsthe advantage of limited liability, which means he is not personallyliable for any of the companys debts. The most he can lose is them onenessy he has invested in the company, so he has not put any of hispersonal possessions at ri sk.4.1.1 Richer Sounds Legal RequirementsRicher Sounds also have legal requirements that it has to abide bysuch(prenominal) as they must have its name and address, ect registered at theCompanies rest home where they will also have to send annual returns andfinancial statements. This is one of the disadvantages of being aLimited Company the fact they have a great deal of paper discipline due to annualstatements. The advantages and disadvantages of Richer Sounds areshown further on in the report. also the financial affairs of RicherSounds have to be published because the companys stakeholders need tosee how the business is performing.4.1.2 Memorandum and Articles of AssociationThe documentation that Richer Sounds is plausibly to encou... ...followswww.richersounds.co.ukwww.msn.com (search engine) searched words such as Richer Sounds PLC,Richer Sounds products and prices, communication.Textbooks I used are as followsBusiness Studies for you, authors David Needham and Robert Dransf ieldBusiness Studies, authors Ian Marcouse, Andrew Gillespie, BarryMartin, Malcolm Surridge, Nancy Wall.Line relationship . Each person has a superior and supply know whomthey should report and for which staff or work area they areresponsible for.Informal relationship. ply have usual contact through their work,but have no formal relationship.Staff relationship. This is where no formal authority exists, butadvice is sought.Lateral relationship where the staff in different departments withthe same level of responsibility need to co-operate or co-ordinatetheir activities.