...Name: Arsalan Anwar Business level 3 Unit 1: P1 Introduction: In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in. Introduction of Tesco Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years. It has over 2000 stores around the world and it is employing nearly up to 300,000 people which proves that it is a global organisation. Sector of the economy Tesco operate Tesco operates in the tertiary sector which is also know as the service sector and is one of the three main economy sectors, the tertiary...
Words: 1175 - Pages: 5
...Unit 1 - P1 Table 1 Types Of Ownership: | Definition: | Example: | Sole Traders | A sole trader business is owned and controlled by one person and the most common type of business. | Window CleaningPlumbing Electrical Work | Partnerships | A partnership is usually formed by signing a Deed of Partnership (which sets out how profits will be shared and the different responsibilities and payments to partners) with the paperwork being supervised by a solicitor. | Medical PracticeDental PracticeAccountantsSolicitors | Private Limited Company | Private limited companies tend to be smaller than public ones. Often family businesses. There must be at least two shareholders. Shares in private limited companies cannot be traded on the stock exchange. | Green EnergyJohn Lewis PartnershipVirgin Atlantic | Public Limited Company | Public Limited Companies have their shares bought and sold on the stock exchange. This allows the company to raise large amounts of capital very quickly. | ASDAMicrosoftBlackberryMcDonald’s | Government Departments and Agencies | They operate on behalf of the government and are staffed by civil servants, known in this department as customs and revenue officers. Civil servants are people who work directly for the government. Their job is to collect income tax & other taxes on behalf of the government, to collect repayments on student loans and make payments such as tax credits. | Child Protection AgencyCabinet OfficeDepartment For TransportNHS England...
Words: 1553 - Pages: 7
...Factor (Political, Technological, Social) Name of organisation 1 impact on business activities and stakeholders. Name of organisation 2 impact on business activities and stakeholders. Consumer protection (Social) Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace. This also can be a political factor as it makes the information of the business correct to make sure the business is selling items honestly and fairly. Tesco uses Consumer Protection so that they do not advertise goods as something they are not and to make sure they have described the products correctly to the customers. This can affect Tesco as a business because if they were to sell products to Customers that are described as something else Tesco can get in to problems not following the consumer protection act. They would be heavily fined, which can then lead to bad publicity or some of Tesco's outlets can get closed which could mean that the business would lose a large part of its loyal customers and this could mean that the businesses reputation can go down. Tesco gives Customers the chance for a 28 day refund for goods that they do not want which means that the customers are able to return faulty goods that they have brought from the store or if they feel they do not want the product. This means that Tesco are following the law. This gives the customer the assurance that Tesco are doing...
Words: 4275 - Pages: 18
...For this assignment I will compare the challenges to selected business activities within my chosen business in two different economic environments. I will analyse whether national demand and GDP are rising or falling and how they are affecting my chosen business. Recession Recession is a significant decline in economic activity spread across the economy, lasting more than a few months. Recession would impact in Rudding Park Hotel due to the fact of recession effects. During recession, as sales revenues and profits decline, they will cut back on hiring new employees. In an effort to cut costs, they are going to stop buying new equipment and to develop new services. As declining revenues show up the price may decline. Dividends may also slump, or disappear entirely. Shareholders and advertising agency may become upset. Shareholders may call for a new CEO and the advertising agency may be dumped and new agency hired. When the stock falls and the dividends decline or stop, the investors who hold that stock may sell and reinvest the proceeds into better-performing stocks. The customers of the Rudding Park Hotel that owe it money may pay slowly, late or not at all. Then, with reduced revenues, the affected Hotel will pay its own bills more slowly or late. Late payments will reduce the valuation of the corporation's debt and ability to obtain financing. The Hotel's ability to service its debt, may also be impaired, eventuating in defaults other debt, further damaging the Hotel's...
Words: 770 - Pages: 4
...Finally, your Editor has asked you to produce a report to your readers which discusses the business activities of your global organisation. You are to report on the following issues in a way that is easy for them to understand. • Describe how the main political, legal and social factors effect the business activities and the stakeholders of the organisations described in P3 & P4. (Drayton Manor and your chosen Charity). Business activities should include any activities carried out by the organisation to achieve its purposes. Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders (P6) • Select at least three business activities from those you identified. • Analyse how each of these has changed because of political, legal and social aspects of the business environment. (Why has the activity changed and how and why has this affected the organisation?) Analyse how political, legal and social factors have impacted on the two contrasting organisations (M3) Make a list of your selected organisations aims and objectives. Evaluate how future changes in economic political, legal and social factors, may affect the strategy of the organisation. Evaluate how future changes in economic, political, legal and social factors may affect the strategy of your organisation. For each factor you will need to research future changes. (E.g. economic – inflation; new laws; government...
Words: 273 - Pages: 2
...M1: Stakeholder Viewpoints and their Influence on Business Aims and Objectives In this assignment I will be looking at the different stakeholder viewpoints and I will also be looking at their influence on businesses aims and objectives. So first of all I will state what stakeholder it is, then I will outline the viewpoint of the stakeholder and then I will look at the list of aims and objectives of a business and then I will evaluate which aims and objectives were created to serve this stakeholder. Aims and Objectives: Tesco * Offering customers the best value for money and the most competitive prices. * Meeting the needs of customers by constantly seeking, and acting on, their opinions regarding innovation, product quality, choice, store facilities and service. * Providing shareholders with progressive returns on their investment improving profitability through investment in efficient stores and distribution depots, in productivity improvements and in new technology. * Developing the talents of its people through sound management and training practices, while rewarding them fairly with equal opportunities for all. * Working closely with suppliers to build long term business relationships based on strict quality and price criteria. * Participating in the formulation of national food industry policies on key issues such as health, nutrition, hygiene, safety and animal welfare. * Supporting the well-being of the community and the protection of the...
Words: 1843 - Pages: 8
...P5- Describe the influence of the two contrasting economic environments on business activities within a selected organisation The chosen organisation to which I am going to be writing about is Asda. This is from the fact that Asda is a large supermarket to which everyone knows about. I am going to be looking at their contrasting economic environments on their business activities. There are 2 important economic environments that have an influence on business activities, growth and recession When economic growth occurs, when more goods are being produced and consumed, and incomes are rising. A growth company tends to have very profitable reinvestment opportunities for its own retained earnings. Economic growth will affect Asda as it would increase their profits due to more people wanting more products and wanting to spend their money. As people have more money to spend on luxuries instead of the essentials it means that the higher value products will be brought. For example the finest range or more expensive brands will be bought instead of Asda’s value range, because of this it means more money is being spent in the store which is an advantage for Asda. Fast economic growth also means that Asda’s output is high due to increased demand in products. This would mean that unemployment is lower than it should be. With the business confidence, this means that it may be a high leading to increased investment and could also be classed as a boom. With boom what happens is that they...
Words: 1171 - Pages: 5
...Scenario 1: Task 1 (M1) The definition of classifying something as murder is stated in the (18th Century rule – Cokes Institutes) which states that “unlawful killing of a human being under the Queens peace with malice aforethought, express or implied. The actus reus of murder is the unlawful killing of a human being under the queen’s peace. Certain killings may be lawful such as those in lawful self-defence. As you can see from scenario 1 it shows us that unlawful killing of a human being was involved and this is shown in scenario 1 which shows us that the defendant pushed victim of the stairs and got seriously injured and because of this the victim unfortunately had a serious reaction from the drugs that she was supplied with and had died because of this and this shows us that the actus reus is satisfied. Furthermore the law of causation is that but for the defendants...
Words: 1149 - Pages: 5
...Task 1 : (LO1: 1.1, 1.2,1.3, M1 and D1) interim deadline (6 th October 2014) (Formative Assessment in Week 3) To create dynamic and static web pages scripting languages are used. Identify types of Scripting languages with examples. Which languages would you prefer for creating your Online store? Critically evaluate the functions and advantages of web applications. (200 Words) Scripting Languages: A high-level programming language that is interpreted by another program at runtime rather than compiled by the computer's processor as other programming languages (such as C and C++) are called scripting languages. These can be embedded within HTML, commonly are used to add functionality to a Web page, such as different menu styles, graphic displays or dynamic content. Type of Scripting Languages: There are two types of scripting languages, which are: I. Client Side Scripting II. Server...
Words: 2251 - Pages: 10
...A stakeholder is someone in a business who has an internet in the decision making that business make are stakeholders. Customers: Tesco wants customers to have good quality products. Most customers know about which products are best. For example customers want their products to be really high quality before they buy the product. The regular customers for Tesco’s may get a discount price on the product because they are registered to receive offers however great Ormond street is grateful to customers because their customers provides money and they help the hospitals needs and wants. This is how customers and we would like to see the businesses improve. Supplier: both businesses either have stock delivered or receive stock in order for their businesses to run. Great Ormond Street needs supplies of medicines and equipment in order for their operation and work to go well. However Tesco’s need supplies for products to serve to their customers. Owners: an owner can keep a close eye on how the business is running. The owners are important stakeholders for great Ormond Street and Tesco because they spend a lot of time setting up the business. The owners of the business take risks and they want to see their business be a success. Great Ormond Street has no owner however Tesco has an owner his name is jack Cohen. Local and national communities: the community may worry about the business activities. A social cost may be caused by pollution from a local factory or a national social...
Words: 563 - Pages: 3
...P1 - Describe the Potential Prompts that Initiate the Installation of New or Upgraded Software In this work I will describe the potential prompts that initiate the installation of new or upgraded software. I will write about three main prompts and explain the problems with existing systems, additional functionality required and external prompts for software bug fixes. • Problems with existing systems Overtime if you use a lot your laptop or PC it starts becoming really slow and popping up faults which need to repaired or improved. This happens only when there’s something wrong with your existing system. Sometimes it crashes, because of new installed updates or because it can’t run on your operating system. One of the reasons might be if you browse a lot on in internet and download a lot of illegal this might slow your PC. For example, if you download regular music, games or movies all these files take a lot of memory. To avoid these problems you need to regularly defrag your computer and run couple antivirus scans to fix it. If you have an older version of Windows for example, Windows XP, the manufacture will no longer support it, because the better Windows version is running. If you want to avoid these problems, I recommend changing Windows, you might lose all your files and documents, but you will get more memory and it will run more smoothly without any problems. But you may not always will get good changes; there might be negative changes like with installing updates it...
Words: 596 - Pages: 3
...The Business Environment Contents Page Tesco- The business environment.................... NHS- The business environment....................... Tesco Suppliers.................................................. NHS Suppliers.................................................... Bibliography...................................................... Tesco- The Business Environment Tesco was started in 1919 in London’s East End; it was Jack Cohen who started selling from a stool after leaving the Royal Flying Corp at the end of the Great War. He used the money he received after demobbing to buy his first days stock. Jack Cohen’s first branded product was Tesco’s Tea, released in 1929. The brand name came from the first two letters of Jack’s last name (CO) and the first three letters of his collaborators TE Stockwell (TES). After expanding further Tesco first floated shares on the stock market during the 1940’s. They have now since then expanded into 12 countries around the world, employing over 530,000 employee’s and serving ten’s on millions of customers every week. Tesco’s have come a long way since the first stall Jack Cohen set up in 1919. They now operate a huge retail business operating in many different markets e.g. Groceries, Electrical, Clothing, Banking, insurance and their own mobile network. In addition they have multiple types of store; Normal Tesco stores, Tesco’s extra, Tesco metro, Tesco garages. Groceries- Tesco’s stores are continuing...
Words: 2911 - Pages: 12
...The aim is to describe the different types of business organisation that operate in the UK. This will include a comparison between a Limited Company and a Charity in terms of their ownership, aims, economic sector and main stakeholders. For the report, I have chosen to investigate Sainsbury’s and RSPCA. Sainsbury’s Background information Sainsbury’s Supermarkets is the UK’s longest-standing major food retailing chain, having opened its first store in 1869. The Sainsbury’s brand is built upon a heritage of providing customers with healthy, safe, fresh and tasty food. It differentiates itself by offering a range of great quality products at fair prices with a particular emphasis on fresh food, an ethical approach to business and continuous leadership. Size of business J Sainsbury plc consists of Sainsbury’s – a chain of 504 supermarkets and 319 convenience stores. A large Sainsbury’s store offers around 30,000 products and an increasing number of stores also offer complementary non-food products and services. Business sector Sainsbury’s is currently in the Tertiary and Secondary Sector this is because Sainsbury’s provide services (they have banks), sell Food and also they have their own farm. Main goals and purpose At Sainsbury’s they will deliver an ever-improving quality shopping experience for their customers with great products at fair prices. Their aim is to exceed customer expectations for healthy, safe, fresh and tasty food, making their lives easier every...
Words: 788 - Pages: 4
...HESTIA HOUSING AND SUPPORT ADRESS 1ST & 2ND FLOOR MAYA HOUSE ,134-138 BOROUGH HIGH STREET LONDON SE1 1LB TELEPHONE +44 (0) 2073783100 FAX +44 (0) 2074075781 EMAIL info@hestia.org WEB SITE WWW.HESTIA.ORG LEGAL INFORMATION REGISTERED CHARITY: 294555 COMPANY NUMBER: 2020165 NATURE OF BUSINESS: CHARITY OWNERSHIP NO OWNER, RUN BY TRUSTEES SIZE LOCAL SECTOR TERTIARY LIABILTY DOES’T HAVE ANY ORGANISATION FOUNDER JIM HORNE CHAIRMAN MARTIN CHEESEMAN...
Words: 2657 - Pages: 11
...Introduction Marketing- is the action or business of promoting and selling products or services, including market research and advertising. A more simple definition is the right product, in the right place, at the right time, at the right price. It involves a business trying to understand its customers by identifying their needs and produce the products which satisfy those needs. The concept of marketing is that firms should analyse the needs of their customer and then make decisions to satisfy those needs, better than the competition. Nowadays most firms have adopted this marketing concept but it’s not always the case. The philosophy of this concept came around after World War II, when people had to be selective with the products they brought and only buy the ones that meet their needs and requirements but to businesses these would not always be obvious. Now companies have to always keep customers in mind when thinking of a product and the market is so competitive you will need to be the best product out there in that market to have the most chance of being brought. Three simple questions are often used when businesses decided to come up with a new product; what do customers want? Can we develop it while they still want it? How can we keep our customers satisfied? All being very good and valid questions to ask which will help to increase customer satisfaction as they are always in their minds. The two businesses I have chosen to use in order to compare and contrast their marketing...
Words: 4679 - Pages: 19
