The last drop coffee business falls under the classification of sole proprietor as one person owns it and as such she is the sole proprietor of the business.
The legal structure affecting the sole proprietor (sole trader) is the simplest form of business structure to set up. As a sole trader you can trade under your own name without having to register your business name
The factors affecting the choice of legal structure with in the business were Risks and Liabilities how much would be lost if the business did not work. Costs for setting up the business and Investment Needs or how much capital the business needed to start due to these factors the size of the proposed business and the funds of the sole person whom was starting the business was decided that a sole proprietary would be the easiest and most profitable business to start up.
Operations management refers to the strategy of a business to convert materials and labor into goods and services as efficiently as possible to there fore maximize the profits of the business. The last drop shows this by always staying supplied and keeping good relations with all supply chains
Financial management is the organization, controlling and book keeping of all of the businesses income and expenditure of funds, finding scores of finance when needed also falls under financial management the last drop does this by placing all daily income and expenditure on a spread sheet to make sure that over all a profit is made.
