Introduction
M&S is one of the UK’s leading retailers they sell stylish, high quality, clothing and food products, footwear, accessories, and household products. M&S is responsibly sourced around 2,000 globally Over the last 129 years M&S has grown from a single market stall to become an international multi-channel retailer. (M&S, 2013)
Marks and Spencer is a major British retailer which was founded in 1884 and operates 766 owned and franchised stores in the United Kingdom; and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia.
Type of business
M&S is an international business because it is located in various other countries with the United Kingdom and 418 owned and franchised stores in 51 territories in Europe, the Middle East, North Africa, and Asia.
M&S is in the private sector organisation because it is part of the national economy made up of private enterprises. It includes the personal sector (households) and corporate sector (companies), and is responsible for allocating most of the resources within an economy. See also public sector (business dictionary, 2013)

M&s is a large size business because there are more than 250 employees, M&S has up to 82,000 employees and the majority of the people are in the UK.
M&s is in the tertiary sector because they are providing services to individuals and business an example of the type of service M&S would provide is they could provide fresh lingerie this would include:
• Transporting the lingerie
• Selling the lingerie in the stores
• Advertising the lingerie (they could use manikins to advertise)
(John Bevan et al 2010)
Purpose
M&S is main purpose is to make as much profit as possible, and to make sure customer are satisfied with their outstanding products.
M&S make products that are sold to men woman and children and other things such as men’s clothing, children clothing, woman clothing, shoes, lingerie, beauty (make up), household items, food, wine, flowers and gifts, M&S even have a bank for customers.
Ownership
The type of ownership M&S is a public company with stores around the world their merchandises are sold in 418 different international they also now operate in 51 territories across Europe, the Middle East, and Asia and they are continuing to grow a bigger international presence through a multi-channel approach. M&S also employ up to 82,000 people the majority would be employed in the UK.
Marks and Spencer is listed on the London Stock exchange and is a constituent of the FTSE 100. As a public limited company, Marks and Spencer is under control of shareholders and there are numerous advantages to this. One being that as the company is a public limited company, there is no limit to the number of shareholders it can have, and as such can raise huge sums of capital.
Advantages
• Limited liability – the type of advantages a limited liability is the financial security that comes with business, the company’s shareholders will only be liable for Debt Company accrues according to the levels of their own investments and no more. This can provide a comfortable feeling of security for investors within the company.
• Ownership and control – in a private limited company like M&S their directors are also usually the main shareholders of the company. This would mean both the ownership and control of the business would remain in their hands, decisions would be made quickly and easily, allowing for more successful business management
Disadvantages
• Performance – M&S would have to deal with a lot of pressure for short-terms performances placed on the firm by security analysts and large institutional investors.
• Another disadvantage you’d find M&S would have to deal with is that they would have to make all the company information available to the company through SEC and state filings.

Introduction
The British Heart Foundation is a charity organisation in Britain that funds research, education care and awareness campaigns aimed to prevent heart diseases in humans. The British heart foundation was founded in 1961 by a group of medical professionals who were concerned about the increasing death rate caused by cardiovascular diseases. The British heart foundation is the UKs number one heart charity.
Type of business
The British Heart Foundation is a national due to the fact that it’s a business that operates only in the UK however all around it this type of business is usually much larger in size than local scale businesses and employs a large number of people, often in different regions
The British Heart Foundation is a none-profit organisation and they are a voluntary sector, this charity is a voluntary sector the voluntary sector as they receive some sort of funding this being from supporters.
Purpose
The British Heart Foundations main purpose is to fund research and to prevent heart disease. The type of service The British Heart Foundation would provide is human service they also provide an online facility to enable this charity to raise funds for their research.
This charity falls within the tertiary sector as it provides a service to the public. As well as creating awareness about heart diseases and funding research into cardiovascular diseases, the retail division aims to provide goods and services whilst ploughing the profits back to fund the activities of the charity.
Ownership
The type of ownership that The British Heart Foundation is that they are a public company
The advantages of a voluntary organization
• Not for profit organizations are not liable to pay corporation tax
• The Gift Aid scheme allows charities to reclaim the tax on donations from individuals. This puts more funds back into the organization to fund its activities.
• Peoples quality of life are being improved due to the charity
• Charities are not liable to Corporation Tax
The disadvantages of a voluntary organization
• There are rules limiting the fundraising and the extent of trading that can be carried on by charities. Charities therefore often require a separate charitable company to undertake their trading activities
• The objectives of a charity must be exclusively charitable. As such this restricts its activities.
• There are rules limiting the funds their raising and the extent of trading that can be carried on by charities due to this charities often have to a require a separate charitable company to undertake their trading activities

Bibliography
Books
John Bevan, Helen Copland-Smith, Rob Dransfield, John Goymer and Catherine Richards (2010) BTEC Level 3 National Business Book 1. UK: Pearson Education Limited.
Internet
Marks & spencer’s annual report http://corporate.marksandspencer.com/howwedobusiness http://www.markedbyteachers.com/gcse/business-studies/types-of-businesses-marks-and-spencer-is-a-plc-public-limited-company.html http://www.businessdictionary.com/definition/private-sector.html#ixzz2hJ41n3Fc http://www.patient.co.uk/support/british-heart-foundation
http://www.bhf.org.uk/about-us/who-we-are.aspx