P1: Describe the type of different businesses, purpose and ownership of two contrasting businesses Local A local business is a new business that is set-up usually around the area that you live in. It’s a business that may have a few branches but only within the city. The majority of local businesses are usually owned by one person. An example of this is Manor Park Fisheries. National A national business is a business that is only U.K based which means they operate only throughout the country
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Describe the type of business, purpose and ownership of two contrasting businesses. (A1) Sainsbury’s is a British supermarket, it’s a private sector business this means that the original owner J.Sainsburys invested his own money into this to create the business; Being a private business means that it has its shares bought and sold on the stock exchange by anyone and is also owned by shareholders. The business operates a number of stores including supermarkets and convenience stores and an online
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confronted with a lot of different businesses and their activities, servers and products. Every business has their own type of doing working, producing and controlling. For this report the author will describe the type of business, purpose and ownership of two contrasting businesses. The first part of this report will focus on the ‘John Lewis Partnership’ and the second part of this report will focus on the ‘Green Peace’ organisation. John Lewis John Lewis is a business that sells a lot of different
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BusinessTutor – Jen Spencer | Unit 1 The Business Environment xxxxx Unit 1 The Business Environment xxxxx Assignment title | Research into the business environment – assignment 1 | Date issued | 27th September 2014 | Hand in date | 8th November 2014 | Learning aim | 1 | Know the range of different businesses and their owners | | 2 | Understand how businesses are organised to achieve their purpose | Scenario | You have been employed as a business analyst in the Office for National Statistics
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P1: ‘Describe the type of business, purpose and ownership of two contrasting businesses.’ Introduction Marks and Spencer’s is a British organisation. The first owner of Marks and Spencer was Michael Marks; he started the business as a sole trader. Some traders are ones who keep all profits and make all decisions by themselves. They are described to any businesses which are owned and controlled by one person. Control refers to making decisions. They are personally reliable for the firm’s debts
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Unit 29 Describe the type of business, purpose and ownership of two contrasting businesses Sole trader: Sole trader describes any business that is owned and controlled by one person, although they may employ workers, e.g. a newsagent's shop. Individuals who provide a specialist service like hairdressers, plumbers or photographers, are also sole traders. Sole traders do not have a separate legal existence from their owner. As a result, the owners are personally liable for the firm's debts, and
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Grading tips Pass p4 To gain a pass you will need to describe the functional activities and their interdependencies (how they fit together) in two organisations. Use the same two organisations that you have been looking at for your assignment work so far on this unit, and draw charts and diagrams which show their functional activities. Explain in detail what each of the functions involves. Show how the functions fit together, e.g. the relationship between marketing and customer service
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Assignment one Task 1 Describe the type of business, purpose and ownership of two contrasting businesses. The business I have chosen to do is Tesco and the Oxfam. Tesco is a supermarket in the UK and 11 other countries in Europe and Asia. Tesco was established in 1919 which means the business has been running for 96 years. Since then Tesco has the third highest retailer in the world measured by the company’s profit. It also has the second biggest retailer in the world measured by the company’s
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Assignment: Business Environment Table of Contents: Executive Summary...................................................................................................................3 Assignment I- Task 1 P1. Type of business, purpose and ownership...........................................................................3 P2, M1. Different stakeholders that influence the purpose of the business...............................3 D1.Influence of stakeholders…………...………………………………………………
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P1 – Describe the type of business, purpose and ownership of two contrasting businesses The first Business I have chosen is British Airways, because of my interest in travelling. Also, I thought it’d be a very interesting and different company to choose and base my research on. British Airways, often shortened to BA, is the flag carrier airline of the United Kingdom and it is the largest airline in the United Kingdom based on fleet size. When measured by passengers carried, it is second-largest
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