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Comparing a Profitable Company to a Charitable Company

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Submitted By JackBauerIsaTank
Words 1352
Pages 6
Assignment A:

In this assignment I will be discussing two different businesses. Tesco and the charity OXFAM. Both businesses are widely recognised in the UK as they are both big businesses.

Tesco was founded in 1919 by Jack Cohen as a group of market stalls. Currently, the main owner of Tesco is Richard Broadbent, but Tesco is widely owned by their shareholders. The 3 most major shareholders of Tesco are Norges Bank, BlackRock Inc. and Berkshire Hathaway Inc. The highest percentage a shareholder is only 7%, this shows how many shareholders there are. Tesco’s are located all over the UK and even all over the world with it being in 12 different countries with over 500.000 employees. On the other hand, OXFAM is even bigger than Tesco’s working worldwide in 94 different countries finding solutions to poverty. Tesco provide goods and services. Tesco offer many different types of goods and products, goods such as furniture, groceries, clothing, and wines and so on… Aside from the goods Tesco offer, they also offer a range of services:

* Club card: This is a very efficient way of allowing customers to appreciate the company which will make the customers want to return. How this works is that every time a customer spends money in Tesco, they receive points on their next purchase. With club card points you get a discount on various products such as groceries, fuel for your car, clothing and even furniture.

* Tesco Bank: Customers can also choose to open a bank account with Tesco. This is also a good way to keep customers pleased as they can go shopping to Tesco and also sort out their banking or withdraw money.

* Tesco phone SIMS: Tesco offer phone SIMS to customers with unique deals and contracts.

OXFAM was founded in 1942. Currently, the main overall owner of OXFAM is Mark Goldring. However, OXFAM do not have shareholders as they are a non-profit

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