...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 sector is something which...
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...business organisations; Tesco Plc from private and Oxfam from voluntary sector. I will describe the type of ownership, purpose and scale of these two businesses. Tesco Tesco is the biggest private sector employer in the UK. It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK, Malaysia, the Republic of Ireland and Thailand. The company was founded by Jack Cohen in 1919 and opened its first store in 1929 in Burnt Oak, Middlesex. It started as a sole trader and now Tesco is public limited company, owned by shareholders. These shareholders are individuals and other business organisations that invest their money in Tesco with ultimate of generating returns on their investment. Ownership Tesco is a public limited company owned by several shareholders. The reason for being a plc is because it’s financed by shareholders. Due to its size it would be hard to raise enough funds for Tesco if it was owned by a sole trader or by partners whereas in a plc the company is owned by shareholders who fund the company. This happens by the people buying shares in the company and becoming shareholders. At the end of the year, the shareholders expect returns (dividend) from their investments provided Tesco continue to make profit. Sometimes this may seem more appealing to the people investing in a company as they have the luxury of having limited liability. Limited liability is where if the business goes into liquidation, shareholders...
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... The two organisations may face challenges in the future and how political, legal and social factors may impact an organisation. P5 Tesco (UK) What is an economy? An economy is made of millions and millions of people making decisions, trading goods and services. The economy applies to everyone from individuals entities such as corporations and governments. The economy of a particular region or country is governed by its culture, law, history, and geography among other factors. There are three types of economies market economy, command economy and mixed economy. The economy is very influential on how good Tesco do in a financial year; so if there is a good economic environment the confident customers will be more willing to spend money than customers with low confidence, which means that Tesco is more likely to benefit if the customer confidence is high. Stages of high customer confidence can confidence can present opportunities for Tesco to expand or bring new products to the market. Low confidence of customer’s means that Tesco have to cut cost to maintain profits. The UK economy is currently in the growth period after coming out of the recession from 2009. Even though we have come out of recession Tesco’s profits have only increased slightly compared to their profits before the recession. In 2014/2015 financial year Tesco made a profit of £1.4billion which is a decrease 4.62% decrease form the year before. GDP (Growth domestic product) Growth domestic product...
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...will be focusing on the business Tesco and havering sixth form college. Here is a description for different types of business: * Local: a local business is a business that provides good or services to a local population. for example a corner shop which is a small business the support the area through their everyday need, there are so many benefits in having a local business; for example having a good customer service, you get to have a better interaction with the customer and attend to their needs. Small business experience less bureaucratic inertia. This enables them to respond faster to the changes in the market more quickly than the big companies. * National: a national business has a trade all over one country usually having store in all the big towns and cities .an example of a national business could be a post office which provides services all over the country by delivering mail; benefit of a national business * International: an international business comprises all commercial (transaction (private, governmental, sales, investment, logistics and transportation) That takes place between two or more region countries and nation beyond their political boundaries. International business as a lot of benefits some of which are; less competition, better-margins and diversify risk. * Global: a global is a company doing business across the world. The exchange of goods over great distance goes back a long time .having global business means cheaper product...
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...types of business a profit making and a non-profit making; I will be focusing on the business Tesco and havering sixth form college. Here is a description for different types of business: * Local: a local business is a business that provides good or services to a local population. for example a corner shop which is a small business the support the area through their everyday need, there are so many benefits in having a local business; for example having a good customer service, you get to have a better interaction with the customer and attend to their needs. Small business experience less bureaucratic inertia. This enables them to respond faster to the changes in the market more quickly than the big companies. * National: a national business has a trade all over one country usually having store in all the big towns and cities .an example of a national business could be a post office which provides services all over the country by delivering mail; benefit of a national business * International: an international business comprises all commercial (transaction (private, governmental, sales, investment, logistics and transportation) That takes place between two or more region countries and nation beyond their political boundaries. International business as a lot of benefits some of which are; less competition, better-margins and diversify risk. * Global: a global is a...
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...business activities. Tesco for example have a lot of factors which they need to consider so they can have a successful business, these factors are: Political factors Legal factors Social The political factors are the factors that is related to the governments policy which can have an effect on their business. Most businesses keep an eye on any political factors such as any new legislations which have been introduced or any old legislations which could have been changed. With an organisation such as Tesco there will be many factors that may affect them. The Political factors could include any government support, provide additional enhancing skills such as training days or introduction days for new employees. The main factor could be government support as this can help the organisations with extra funding or any with any other additional help such as the fiscal policy which will help tesco with their loans. Loans will be offered to Tesco if they are having financial problems or are struggling to pay the money for any new products or any better products. For example,during the recession Tesco might not be doing as well as they forecasted to do so, which could mean they might not be able to spend much money on new items which would increase the amount of profit they make. This could mean that Tesco might need to take a loan and pay it later with interest, so for example if Tesco has taken a loan from the government which was £1000 and the interest rate was 5%, Tesco would have to...
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...Comparing Tesco & CRUK Name: Mahima Anjuman Task 1.1 Tesco PLC 1.1 Type of Activity A.) Sector & Ownership The private sector is the share of a country's economic system that is operated by individuals, partnerships, franchises and companies, rather than the government. Most private sector organisations are in the intention of making profit. The section of the economy under switches the government which is known as the public sector. Charities and non-profit organisations are sometimes considered to make up a third section, known as the volunteer sector. However, some organisations are more usually to be considered part of the private sector. The customers can buy shares in Tesco and then get given a shareholder number which than shows on the top right side of the certificate. B.) Advantages & Disadvantages Tesco is owned by thousands of people and organisation such as insurance company and pension funds this is because Tesco is a PLC and is owned by shareholders who fund the company. The advantage of a limited company is that stocks can be sold to the general public unlike a private limited company and can help to raise substantial amounts of wealth easily and are able to advertise in newspapers and on television where’s private limited companies are unable to do this. The advantages of ownership in Tesco is that Tesco have a limited liability for the shareholders , the business...
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...conduct an analysis of the financial statements of J. Sainsbury plc and Tesco plc for the year ending 2013, comparing both companies by looking at the ratios calculated and looking at the importance of supplementing financial analysis with non-financial considerations. Tesco is Britain’s leading food retailer and the third largest in the world. Tesco opened in 1929. After joining the eighties trend for large out-of-town supermarkets, in the 1990’s the company started pioneering many new innovations. Tesco has over 530,000 colleagues over 12 countries serving up to 75 million transactions every week. J. Sainsbury is into grocery, retail and financial services. It has a 16.8% UK market share. It has 157,000 colleagues, 23 million customer transactions per week, and 1,106 stores. The information in appendix 1 and 2 was extracted from both companies’ annual reports, for Sainsbury’s year ended March 2013 and February2013 for Tesco. Analysis An operating profit of £9.25 was made on every £100 of capital employed from Sainsbury’s. Compared to Tesco, an operating profit of £7.02 was made on every £100. Looking at the two figures Sainsbury utilizes their capital more efficiently than Tesco, because looking at their revenue scale Tesco is has 2188 compared to Sainsbury which only has 887. Using the 10 year benchmark in the UK, the risk free return rate is at 2.87% in the UK ( (Bloomberg). Therefore comparing Tesco and Sainsbury against the risk free return they are both performing well...
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...ownership who runs their own business and make sure they earn their own profit. Government department and agencies Obviously with the government department and agencies, they focus on their remit they are given by the government. The government have to monitor the operations of their departments to ensure that the public gets value for money. They also support the unlikely event that one government department goes into debt, and funds from other departments. Partnership To an investigation of a Partnership, it is referred as the arrangement in which parties agree to cooperate to advance their mutual interests. Governmentally recognized partnerships may enjoy special benefits in tax policies. ORGANISATIONS From the point of this view, TESCO and FARMFOODS are the chosen organisations which would be on focused. These organisations are rather going to be based on different factors such as Business activity, Business sector, and Business purpose, Ownership of the business, the extent of owners’ liability for debts and the key stakeholders of the business. Tesco Business activity: In...
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...presented penetration strategy Tesco PLC, a multinational retailer in grocery and merchandise towards Vietnam market. The paper conducted the report through collecting secondary data from General Statistics Office of Vietnam, Work Bank Data Source, CIA and some other trusted data source to indicate in detail whether Vietnamese market is a possible one for Tesco. The result point out that Vietnam could be a possible market for the core strategy of Tesco PLC. 1. INTRODUCTION Retail section has becoming one of the most potential businesses in the booming industry recently. Along with an active market, a level of competitiveness among retailers is also considered as a core factor influences each typical business strategy with the aim at obtaining big goal of profit. Numerous big retailer Groups in the world, now is trying to expand their business towards prospective market but not only domestic one such as Wal-mart or Metroto be able to perform, develop and compete through having effective plan and well performing. This report would like to examine Tesco PLC, the biggest retailer from the United Kingdom as a representative case for the effective expansion strategy implementation basing on analysing some key factors of host country’s market in a macro level. The chosen country is Vietnam, a brand new and potential Asian market which has quite high level of demanding in term of commodities so far. 2. MAIN BODY 3.1. Tesco PLC – Overview Tesco, a multiple retailer, was...
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...businesses I will be reviewing is Tesco. Tesco is a public limited company (PLC) founded by Jack Cohen in 1919. It is the biggest food retailer in the UK, It also offers a lot of non-food products including; insurance, electrical equipment and entertainment, and it is also one of the biggest retailers in the world. Tesco’s has roughly 2000 stores in the UK and over 280,000 employees working in those stores – Tesco is defined as a global store due to the growing number of international stores including; china, Czech republic and Ireland etc. ‘Tesco Finest’ and ‘Everyday value’ are Tesco’s biggest food brands and sell over £1 billion per year. Tesco is a focused business and have a constant core vision whilst the strategies and practices of the business frequently change to adapt with the world around them. Tesco’s vision has five elements; to be wanted and needed around the world, to be a growing business full of opportunities, to be modern innovative and full of ideas, to be winners locally whilst applying their skills globally, to be inspiring earning trust and loyalty from customers, their colleagues and communities. Tesco’s core purpose is ‘we make what matters better, together’. Their key values are; no one tries harder for customers, we treat everyone how we like to be treated, we use our scale for good. The stakeholders of Tesco are; the customers, they have an interest in Tesco because they have an interest in the products, they also want Tesco to be producing products that...
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...the company Tesco PLC that is UK’s leading grocery store. The aim of this report is to develop a three-year marketing strategy plan and a one-year tactical communication plan for Tesco. Tesco at some stage has faced difficulty hence by exploring the brand and critically analyzing its marketing strategy, I will then develop a strategy that would turn Tesco’s fortune around. 1.1. Methodology Market research for the brand has been conducted through secondary research by visiting academic websites such as Mintel, Database reports,LexisNexis Database, Business reports, Articles, Blogs and News online. 1.2. History Tesco PLC is a multinational grocery and general merchandise retailer headquartered in Cheshunt, Hertfordshire, England, United Kingdom. It is the third largest retailer in the world measured by profits and second-largest retailer in the world measured by revenues. It has stores in 12 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), the Republic of Ireland, Malaysia, and Thailand. Jack Cohen founded Tesco in 1919 as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname, and the first Tesco store opened in 1929 in Burnt Oak, Middlesex. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country. (TESCO PLC, 2015) ...
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...come out regularly with the activity of reporting (Stittle, 2003). Enterprises know that by announcing their financial health (annual report) publically, they are able to connect to their shareholders, distributors and investors, which is very important for both growth and expansion of the business. Meanwhile, annual reports also assess market position as by expressing financial numbers the feedback of market (consumer, investor, shareholder and competitor) is testified and generated (Stittle, 2003). This study is going to access the importance of annual reports in terms of market analysis, productivity analysis and financial health assessment. The study will focus on Tesco, a giant retailer company of UK in order to better understand the importance of annual reporting (Flack, 2007). Tesco being a global retailer company holds a comprehensive reporting...
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...Table of content Page no (P1- Marketing definition----------------------------------------------------------------------- 2 (P2- characteristic of marketing oriented organisation. ------------------------------------ 2 (P3- Marketing concept. ----------------------------------------------------------------------- 3 (P4- Benefits & Costs of a Marketing Approach ------------------------------------------ 4 (P5- Micro and Macro environment factors affecting business. -------------------------- 5 (P6- Targeting strategies----------------------------------------------------------------------- 8 (P7- Targeting strategies of TESCO. ------------------------------------------------------- 9 (P8- Buyer behaviour affecting marketing activity. --------------------------------------- 10 (P15- Difference in marketing product and service. --------------------------------------- 10 (P16- International marketing operation. ---------------------------------------------------- 11 (P [9-12]- Marketing mix (4ps) --------------------------------------------------------------- 12 (P13- Extended marketing mix. --------------------------------------------------------------- 13 (P14- Recommendation------------------------------------------------------------------------ 14 Reference----------------------------------------------------------------------------------------- 15 Task 1 (P1- Marketing definition ...
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...Robert Allison W12020458 Business with International Management Global Supply Chain Management MO255 Alireza Shokri Word Count: Task 1 – 834 Task 2 – 989 Task 3 – 828 Summary – 500 Overall – 3000 Task 1 In recent years the media has a lot to talk about with regards to the British supermarket industry. The main issue raised has been targeting the “horse meat scandal” which has been a major talking point amongst the British public since the media began making it such a relevant topic. This issue is mainly down to the supply chain link between the raw materials supplier and the retailer. An example of this is frozen foods company Findus having to recall a large amount of its lasagne meals due to their supplier Comigel raised concern that its products didn’t “conform to specification” (Bowling, 2013). Tests were performed on the products supplied by Comigel and out of the 18 products tested they found 11 to be containing between 60 and 100 percent horse meat traces (Bowling, 2013). Another good example of the horse meat scandal in the media is with Tesco supermarkets. Tesco’s everyday value frozen burgers which used meat supplied by Silvercrest Foods (Hegarty, 2013) were tested to analyze the percentage of meat in each burger. Out of the 27 beef burgers that were trialed 10 tested positive for horse DNA and 23 positive for pig DNA (Hegarty, 2013). The highest level of horse DNA found in any of Tesco’s value burgers was a massive 29.1% and since the conclusion...
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