1. Describe the type of business‚ purpose and ownership of contrasting organisations. TESCO PLC Tesco plc. (Public limited company) is a global grocery and general merchandise retailer‚ headquartered in Cheshunt in the United Kingdom. Tesco is the third largest retailer in the world‚ measured by revenues and the second largest‚ measured by profit. Tesco has around 5380 stores around the world; David Reid is the chairman and Philip Clarke. Most of the people think that Tesco is an international
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P3: Describe how two businesses are organised Tesco Purpose 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. As Tesco is a profit-based business‚ it maximises their sales and profit‚ expanding to maintain its competitiveness in addition to outshining competitor. It also focuses on
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INVESTIGATE TWO SEPARATE BUSINESSES‚ ONE A PROFIT ORGANISATION AND THE OTHER A NON PROFIT ORGANISATION DESCRIBE THE TYPES OF BUSINESSES‚ PURPOSE AND OWNERSHIP. INCLUDE IN THE DESCRIPTION‚ THE LIABILITY OF THAT BUSINESS. BUSINESS 1: RIVER ISLAND BUSINESS 2: OXFAM RIVER ISLAND: PROFIT ORGANISATION ‘With over 60 years of fashion retailing experience‚ River Island is one of the most successful companies on the High Street. River Island has nearly 300 stores across the UK‚ Ireland and
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Course Name: Level 4 HNC Business UNIT TITLE NO. AND TITLE: Unit 1 Business Environment Assignment No. and title: Assignment 1- Understanding the organisational purposes of businesses (DRAFT) Date Submitted 21st May 2012 Understanding the organisational purposes of business In this day and age all individuals will have some affiliation with a business organisation. Whether it be the company they work for‚ the retail store they purchase their groceries or the NHS dentist they attend
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Sole Proprietorship A Sole Proprietorship is a type of business where there is no legal difference or distinction between the business and its owner. Legally‚ the name of a sole proprietorship is the name of the owner‚ unless a DBA is filed. Advantages include the ease and simplicity of creating a sole proprietorship‚ autonomy‚ and the benefits of financial freedom. Disadvantages are unlimited liability‚ continuity‚ limited resources‚ and raising working capital. * Liability – The liability
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Throughout this report I will include information about two contrasting businesses for ‘Northampton Life Magazine’. My two chosen businesses are Tesco (private sector business) and Northampton College (public sector business). Tesco is a multinational grocery and general merchandise retailer. Tesco has branches in over 14 countries including countries like China‚ Japan‚ Mexico‚ Thailand and even more. Tesco sells many different products including food‚ electronics‚ toys‚ furniture and clothes. However
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sole proprietorship is a business owned by one person. It is the most frequently used form of business and most small businesses begin as sole proprietorships. It is the easiest and cheapest type of business to start. • Liability: A sole proprietor is financially accountable for all of the unpaid debts of the business. The sole proprietor’s business assets and liabilities and his or her personal assets and liabilities are the same. If the business were to go out of business‚ bill collectors could
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Different types of business informaiton‚ their sources and purposes Business information comes from a wide variety of sources and an effective business person will research information from a range of sources before making decisions. Business information is one of the three main segments of the information industry. The other two segments are scientific‚ technical and medical‚ and educational and training content. Verbal information is literally face to face which is seen as the best way to
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Section 1 – Organisational Purposes of Businesses Identifying the purpose of different variety of legal organisations‚ including corporations‚ governments‚ non-governmental organisations‚ international organisations‚ armed forces‚ charities‚ not-for-profit corporations‚ partnerships‚ cooperatives‚ and universities. A hybrid organisation is a body that operates in both the public sector and the private sector simultaneously‚ fulfilling public duties and developing commercial market activities
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main types of businesses in America. These five types of businesses are Sole Proprietorship‚ Limited Liability Company‚ Cooperative‚ Corporation‚ and Partnership. Each type of business effects the government and economy in several different ways; either working to better the economy and government or working against it. The way each business works is quite similar‚ they all work together to accomplish the same goal; to make a successful‚ plentiful business worth a lot of money. The first type of
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