Another difference between the two businesses, is the fact that Tesco as public limited company has limited liability. Limited liability is the act(declared in 1885) where; if a business has debt and fails to pay this off and goes bankrupt, the shareholders only lose whatever they invested in the business this is…
TESCO respond to this need by making sure to they sell the right products for their store because if they don't they could lose a valuable customer, customers are the one putting their money into the revenue of the company.…
Tesco like to spend allot of their time researching and developing as they want to have the big next thing as they want to be the better than their competitors, ASDA or Morrison's. That put allot of stress on the research and development team which spend all their time looking for new ideas such as let's make our own toaster so customers will have to pay less meaning more people will come to Tesco and that will lead to a health profit.…
Tesco’s sell a number of products the public such as food clothes and petrol. They also sell services such as car insurance and car wash.…
Because Tesco is a big company would have a lot of legal structures to make sure that business is operating properly. One legal structure of Tesco is the ‘Corporate governance’, the people in this sector deal with shareholders; they do this to make sure Tesco is achieving the strategies that the shareholders want them to achieve. For the community the company has responsibilities to make sure that it reduces using carbon footprints this means the business doesn’t produce a huge amount of carbon dioxide. The Legal Services deal with any business legal matter that Tesco would have to deal with. The Licensing team makes sure that every store has an alcohol licence and to make sure that it is legal.…
A legal factor that has a big impact on Tesco’s is protecting employees which, includes the laws about how many hours an employee can work. This amount of hours depends on the employees contract, if they are a full time member of staff then they have to work between 35-45 hours a week but no more, these hours also have to be over reasonably shift, for example having a 8 hour shift a day over 5 days a week. If they are a part time member then they can work any amount of hours a week as long as it is no longer the 35 hours. This can impact on Tesco’s as they have to keep to the terms and conditions of their contracts with staff , which could affect activates Tesco’s wish to do as they may not fit in the with hours the members of staff involved can work.…
The purpose of Tesco is to make a profit and provide a service and sell their products to the customers. Tesco’s is a public limited company. A public limited company is when shares are bought publicly and you will not have to be invited to purchases. Since people purchase Tesco’s merchandise publicly they are classed as a public limited company. Tesco is in the tertiary sector in business. The tertiary sector is when a business provides a service to individuals or businesses. As Tesco provides a service to the customers and sell their products they are therefore placed in the tertiary sector in business. Tesco is classed as a limited liability business. A limited liability is when the business is not entirely responsible for the debt of the whole business. Tesco only pay for their expenses for the business therefore they are classed as a limited liability business.…
Political things such as grants and loans which are borrowed from the government by Tesco could cause a negative impact on the business because they will have large amounts of money to repay. Tesco should devise a strategy which minimises the amount of money which they borrow therefore, it the long run it will affect them postivley as they will have more money to spend on things such as expansion.…
Tesco is a supermarket that sells general merchandise and global grocery. Its activities include groceries & wine, finance & insurance, entertainment & books, phones & broadband, Tesco direct and online stores, Tesco is the grocery market leader within the UK, but have stores located all around the world, in places like Asia, Europe and North America. Tesco is the world's third-largest grocery retailer with over 4000 retail outlets in the UK and 13 other countries. This includes supermarkets, convenience stores, gasoline retailing, small urban stores, superstores, and personal financial services, but also Tesco.com is Britain's leading internet service. In these outlets owned by Tesco such as supermarkets, they offer many goods to the general public like food, games and clothing at affordable prices as they also sell their own branded products in their stores, this makes Tesco a profit making organisation. Tesco therefore is a Public Limited Company (PLC), as their companies’ shares are freely sold and traded and sold to the public. http://en.wikipedia.org/wiki/Tesco#Stores…
Tesco is well known for its ‘Every Little Helps’ philosophy and apart from wanting to make a profit, it aims to provide prices…
The purpose of this business (Tesco) is to provide the public with quality food and groceries as well as making money and being the number retailing company out of 3 (Tesco, Sainsbury’s, Asda ).…
Tesco’s is a business that was set up in 1919 by a man called Jack Cohen. Tesco’s now employ 520,035 people across 13 different countries which makes them one of the highest rates of employment. They recently launched their website in 1994 to extend their marketing and hopefully to increase sales. There values are to “work as a team, trust and respect each other and to support and say thank you”. The CEO at Tesco’s at the moment is Phillip Clarke and he is in charge of 6351 international stores. Tesco’s promise that “you will find what you want, the isles will be clear, prices will be good, don’t have to queue and the staff are great”. Their seven strategies are “to grow the UK core, to be an outstanding international retailer in store and online, to be as strong as everything we sell as we are in food, to put our responsibilities to the communities we serve at the heart of what we do, to be a creator of highly valued brands and to build our team so that we create more value. Tesco’s is a public limited company because you can buy shares from Tesco’s at the stock market. Tesco’s operate in the tertiary sector which means that they sell products to the public. Tesco’s is in the private sector because they aim to make a profit.…
The employees in Tesco have some common interests as well as opposing interests. One of the most common interests the employees of Tesco have is that they want maximum wages for the work they put in. As well as this they expect promotions if they have been working at a lower role in the organisation for a couple of years and want to move up in the organisation. These differences in the organisation are addressed through staff meetings where these issues are bought up. Then it is just up to the managers to decide what they want to do. If they get permission from the owners to give staff promotions and give pay rises for outstanding work then everyone will be happy and most importantly the employees will be happy which will lead to many benefits such as a good working environment.…
A teacher name Mielke is chiefly effective about his students because he is stressed out about telling the truth to let the students know how he feels. Stressed about meditating to write down what I really want to say, But he is stressed that he can’t stop caring about his students? He tells students that he cares about them, not just about test scores or grades, but as a person. To make students become better, they must follow his tips and advices in order to become successful for life. He is furthermore serious about life’s important. The writer agrees that it is important to make wise decisions in the future. Mielke from “What Students Really Need To Hear,” he is serious that students don’t realize why life is important, and how he wants…
Tesco is the largest British retailer and is also world’s third largest retailer with outlets across Europe, USA and Asia. They come with one purpose which is creating value for money to earn customers’ life loyalty. The business began in 1919, one man named Jack Cohen selling groceries from a stall in the East end of London. He bought surplus stocks of tea from T.E.Stockwell. This company and Cohen combined their names to brand the tea Cohen originally sold- TESCO tea. In 1929, the first Tesco opened in north London.…