Preview

P1 Describe the type of business, purpose and ownership of two contrasting business

Powerful Essays
Open Document
Open Document
1271 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
P1 Describe the type of business, purpose and ownership of two contrasting business
Only to be utilizes as a example The Business Environment Level 3 Unit 1
P1 Describe the type of business, purpose and ownership of two contrasting business
The aim of this report is to describe the type of business organization that operates in United Kingdom and United Sates of America and they are two contrasting business. This will entail comparisons between a Public limited company (Plc.) and a Private limited company (Ltd) in their footings of their ownership, purposes, and sectors of activity and key stakeholders. For this report I have selected to investigate Yum! Brand Inc. and Fish to Go Leigh on Sea.
In order to extract the information I require and want I utilize the following methods;
Search engine: https://www.google.The organizational website: http://yum.com/company/andhttp://www.leigh-on-sea.com/content/fish-go Background information
Yum! Brands Inc. based in Louisville, Kentucky, is an American restaurant owning company and is the world’s biggest restaurants company in terms of system restaurants. The company operates and licenses KFC, Pizza Hut, and Taco Bell. Additional restaurants are newly added are Wing Street and East downing. These restaurants are global leader of Chicken in KFC, Pizzas in Pizza Hut and Mexican-style food in Taco Bell. These categories which they have been placed in are renowned of it. Yum! Brands Inc. has franchises that function with a license and they are 80% of the restaurant.
Size of Business
There are above 39,000 restaurants in accumulation of 130 countries and territories since 1997 subsequently when KFC, Pizza Hut and Taco Bell came to be the spun-off from PepsiCo. Yum! Brands Inc. is ranked number 201 on the Fortune 500 which is the section of CNN that deals with Money: CNN Money. Ranked number one was Wal-Mart stores with profits of $16,999 mm however Yum! Brands Inc. profits are $1,597 mm. Yum! Brands Inc. opens more than five restaurants per day; by doing this it makes Yum! Brands Inc. a leader in

You May Also Find These Documents Helpful

  • Satisfactory Essays

    In this task I have been ask to describe how Tesco and Oxfam businesses are organised.…

    • 311 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    The first business I will be investigating is Westons Cider. In 1878 Henry Weston came to the farm ‘The Bounds’ at Much Marcle, Herefordshire and continued the tradition of using the fruits grown on the farms fruit orchards to make cider. Two years later in 1880 Henry Weston started developing his cider commercial after the realisation of the treat from overseas imports created due to the British Empire but still knew it would be hard to achieve the standard of living he desired for his family. This decision was influenced by his neighbour, Mr C W Radcliffe Cooke of ‘Hellens’ in Much Marcle. Cooke was a Member of Parliament for Herefordshire and believed greatly in the development of West Country cider making, so that cider could then become a national drink, thus he was known as the ‘Member for Cider’. Henry Weston soon gained customers and slowly expanded the business formally known as ‘Westons Cider’. This slow expansion wasn’t achieved by advertising, it was achieved by recommendation. The tradition of the business was then established, a tradition which has been maintained by the company ever since. Westons Cider traditional product has won many awards and are not only available in the UK but in 25 countries around the world. Westons Cider employs more than 130 people, produces over 30 different ciders and perries, sells approximately 28 million pints a year and has a turnover of £24 million. They also have a Visitors Centre which is open to the public all year round. It contains an award winning courtyard garden, original features at the Hampton Court Palace Flower show in 2002, a traditional and are breeds farm park and orchard walk, a restaurant and a café and a gift and cider shop where you can sample every cider Westons Cider has to offer.…

    • 1452 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    YUM! Brands, Inc. is based in Louisville, Ky., and is the world’s largest restaurant company in terms of system units with more than 39,000 restaurants in more than 125…

    • 1513 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    P1 P2 M1 D1

    • 2906 Words
    • 8 Pages

    Sainsbury's is the UK's third largest chain of supermarkets, it's also the longest standing major food retailing chain, which was founded by John James Sainsbury's in 1869 as a partnership with his wife Mary Ann. The holding company J Sainsbury's PLC, is split into three divisions which are: Sainsbury's Supermarket Ltd, Sainsbury's Local and Sainsbury's Bank. The Sainsbury's Supermarket is built upon a heritage which provides their customers with a healthy, safe, fresh and tasty food. It differientiates itself by offering a broad range of great quality products at fair prices with particular emphasis on fresh food, a strong ethical approach to business and continuous leadership and innovation.…

    • 2906 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Help for heroes is a charitable company that was founded by Byrn and Emma Parry in 2007, they started Help for Heroes. They raise money for the servicemen returning from war, in Afghanistan and Iraq.…

    • 3107 Words
    • 13 Pages
    Powerful Essays
  • Better Essays

    In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart Foundation.…

    • 2892 Words
    • 12 Pages
    Better Essays
  • Good Essays

    the first business that I have chosen is Tesco PLC. Tesco's purpose is to serve its customers. The primary function of any business is to make money and invest; if it doesn't do that, it can't exist. Tesco is a major retailer in grocery and general retailing.…

    • 3010 Words
    • 13 Pages
    Good Essays
  • Satisfactory Essays

    The three most important stakeholders in Tesco are the employees, customers and owners. However, other stakeholders such as the trade unions, suppliers and Investors are also important.…

    • 740 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    I will be speaking about two organisations the first organisation I have decided to discuss is ASDA and I will follow it of by McDonald's as the second organisation. Asda is a Public company and is a British supermarket chain which supplies various services to the customers such as: Clothing, Food, and General Merchandise etc. It has become a multi-national store leading of its subsidiary of Wal-Mart which is American based. It is quite a large business and has approx 231+ superstores within the UK, and the number of store openings is still arising. The purpose of ASDA is to sell its services and goods to the local consumers of different areas/cities within the UK and also out of the UK. It offers a wide range of services to its customers, supplying goods such as: clothing and food it is a quite a commonly known organisation. Asda is concerned in attracting the budget market as any other business would look into the same type of aim, as a business it is achieving massively in result to the number of stores and the investment into Netto which was brought by Asda in 2010. The ownership of Asda is a PLC (Public Limited Company) this is because its shares can be brought on the share market making it a PLC. The purpose of Asda is that they exist to gain profit, the openings of more stores is to gain sales and so that more customers come into their business etc.…

    • 380 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The two different companies I will be looking at are Tesco and The British Heart Foundation. Tesco is an organisation which produces profit by selling goods to the general public, they usually sell food but now they are gradually bringing in other products, for example home décor and clothing. Tesco has different brands within the brand itself, for example they have Tesco’s Finest, Best of British, Cocopia etc; these different brands are what makes Tesco different. They sell products of their own brand and other brands within their store, selling their own brands help create more profit from them as they keep it within the business.…

    • 535 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    The British Heart Foundation is a national business as they have more than 735 stores over the UK. The British Heart Foundation has shops in places like Birmingham, Crawley, East Grinstead, Horley, Redhill and Reigate. There are also stores in other cities and towns as well but too many to write down.…

    • 844 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    For this assignment I am going to select two businesses, one which will be local and not-for-profit organization and the second will be an international business and for profit.…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    However, before trying to access these financial statements, it is important to understand more specifics about Yum's business model. According to Reuters, Yum "is a quick service restaurant (QSR) with over 34,000 units in more than 100 countries and territories." These quick service restaurants include consumer favorites such as Taco Bell, Pizza Hut, Long John Silver's, and KFC. Whether the operating segment sells pizza or chicken, "Yum develops, operates, franchises and licenses a worldwide system of restaurants, which prepare, package and sell a menu of food items." As each of these fast-food places is obvious to most readers in America, it is also quite interesting that over 100 countries are familiar with these names as well. In fact, segments like KFC were actually introduced in many markets like China before more obvious competitors like McDonalds. Since fast food is generally considered an inelastic, or non-cyclical, good, even during times of economic uncertainty, Yum will prosper. While most of its food is relatively cheap compared to rivals such as Brinker and Darden, consumers will still flock to Yum restaurants in similar volume during any stage of the…

    • 1430 Words
    • 6 Pages
    Better Essays
  • Best Essays

    YUM Brand

    • 4307 Words
    • 12 Pages

    Yum Brands, Inc. is a U.S. company headquartered in Louisville (Kentucky), and is a world leader in the quick service restaurant (QSR) industry with more than 39.000 stores in over 130 countries (YUM, 2013a). Yum was created on 7 October 1997 , under the name Tricon Global Restaurants after the split from PepsiCo. In March 2002, they acquired the Yorkshire Global Restaurants, based in Lexington (Kentucky), bringing into the family also Long John Silver 's and A&W Restaurants. The acquisition of Yorkshire is effective on 7 May 2002 and next 16 May, the group formally changed its name in Yum Brands, Inc. In 2004 the company founded the chain East Dawning selling products of Chinese cuisine with the business model of fast food. The group owns the following restaurant chains: Pizza Hut, Kentucky Fried Chicken, Taco Bell, East Dawning and Wing Street (Reuters, 2013a).…

    • 4307 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Johnny Rockets Enter Belgium

    • 3244 Words
    • 13 Pages

    The hamburger market is the strongest of all franchised food chains. In this market, McDonald 's, the second largest hamburger chain, hopes to expand from its current 64 restaurants to well over 100 in the next two to four years. Pizza Hut controls twenty percent of the pizza restaurant market. Chi Chi 's and Dominos are also present in the Belgian market, but they have experienced much difficulty in successfully penetrating it due to the high cost of labor in…

    • 3244 Words
    • 13 Pages
    Good Essays