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Unit one: business at work 1. Terms of reference I have been employed by Hangloose, a small business in Middlesbrough, as a management consultant to assess and evaluate their company's performance in their period of growth and to produce a report to identify problem areas. My analysis will be produced in report form and will highlight the problems ready for feedback to the company. 2. Procedure The information I am going to focus on in the report will be obtained from the business scenario I have been presented with. However I will introduce other knowledge from the use of text books, internet, and notes made in class. 3. Analysis 3.1 Ownership & Classification Hangloose t-shirts started off as a small partnership with two owners directly responsible for all the decisions made within the business. A partnership consists of between 2 and 20 owners, which could have been advantageous to this business if one partner desired to have...

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