Unit 4 Business Resources P1 Tesco
Tesco
For my assignment I have chosen Tesco’s. In order for this business to operate it needs four factors of production; the capital, the labourer, the entrepreneur and the land. In this essay I will include information on Tesco’s Physical, technological, human and financial resources. Tesco’s physical resources include their premises, plant, machinery, equipment, materials and stock. Tesco’s technological recourses include; intellectual property, experience and skill, software licensing, patients and copyrights. Human Resources are known as Personnel. Personnel teams work to ensure managers across the business have world-class skills and tools to meet the needs of the customers. Tesco’s financial resources include; is Tesco’s a successful …show more content…
tesco have over 520,000 Employees and all of them must have accumulated experience and skills for their job. Tesco need to import things customers like for example, customers like certain wine so Tesco need to employ people to go to other countries and find certain wine to sell in the store. Also, Tesco need to have experienced drivers when the customers have home delivery, the drivers need to have good people skills and need to have knowledge of the area.
Software licensing.
Software licensing in Tesco means that you can only use the programme on a single computer; they can move the programme from one computer to another, if the owner owns it and they are for personal use only. They can also transfer the software onto another notebook that they own. This means they are only licensed with a single use licence. Tesco Internet Security is value for money, it's fast and easy to use, updates itself and protects. Also, again it was trouble logging onto Tesco bank so people were not able to get their money. …show more content…
Tesco became so successful when they analysed what people were buying and made their own products and lowered the prices. Also, because Tesco try to make their products cheaper than other stores like Asda and Sainsbury’s etc.
The Tesco website also makes them successful. Its separate to the stores but it allows customers to buy Tesco products online and have them delivered to their house. This gets them more customers because people who cannot go to the stores are still buying their products online. A lot of people have an internet connection so it’s an easy way for Tesco to sell their products. Tesco also have an iPhone app which is also successful and giving Tesco a bigger market. Tesco also have their own Facebook page where they update their cheaper products.
Another reason that they are so successful is because of their club cards. This allows them to see what customers purchase from the store. If they are missing some products then Tesco’s knows that they are getting that product elsewhere so Tesco try and lower that product for the next time. On a club card for every one pound you spend you get a point, the points are exchanged for Tesco products or to use in the petrol
For my assignment I have chosen Tesco’s. In order for this business to operate it needs four factors of production; the capital, the labourer, the entrepreneur and the land. In this essay I will include information on Tesco’s Physical, technological, human and financial resources. Tesco’s physical resources include their premises, plant, machinery, equipment, materials and stock. Tesco’s technological recourses include; intellectual property, experience and skill, software licensing, patients and copyrights. Human Resources are known as Personnel. Personnel teams work to ensure managers across the business have world-class skills and tools to meet the needs of the customers. Tesco’s financial resources include; is Tesco’s a successful …show more content…
tesco have over 520,000 Employees and all of them must have accumulated experience and skills for their job. Tesco need to import things customers like for example, customers like certain wine so Tesco need to employ people to go to other countries and find certain wine to sell in the store. Also, Tesco need to have experienced drivers when the customers have home delivery, the drivers need to have good people skills and need to have knowledge of the area.
Software licensing.
Software licensing in Tesco means that you can only use the programme on a single computer; they can move the programme from one computer to another, if the owner owns it and they are for personal use only. They can also transfer the software onto another notebook that they own. This means they are only licensed with a single use licence. Tesco Internet Security is value for money, it's fast and easy to use, updates itself and protects. Also, again it was trouble logging onto Tesco bank so people were not able to get their money. …show more content…
Tesco became so successful when they analysed what people were buying and made their own products and lowered the prices. Also, because Tesco try to make their products cheaper than other stores like Asda and Sainsbury’s etc.
The Tesco website also makes them successful. Its separate to the stores but it allows customers to buy Tesco products online and have them delivered to their house. This gets them more customers because people who cannot go to the stores are still buying their products online. A lot of people have an internet connection so it’s an easy way for Tesco to sell their products. Tesco also have an iPhone app which is also successful and giving Tesco a bigger market. Tesco also have their own Facebook page where they update their cheaper products.
Another reason that they are so successful is because of their club cards. This allows them to see what customers purchase from the store. If they are missing some products then Tesco’s knows that they are getting that product elsewhere so Tesco try and lower that product for the next time. On a club card for every one pound you spend you get a point, the points are exchanged for Tesco products or to use in the petrol