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Business at work

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Introduction

Unit 1 "Business at work" The business that I have chosen to study as part of this assignment is Sainsbury's. Sainsbury's is a Plc (public limited company) in which is very successful and internationally known. I have chosen to study this particular business as I have an interest in Sainsbury's and also that I shop their regularly and this will enable me to access information much more efficiently and effectively then any other business I would study. Another thing is that I know former employees that had worked at Sainsbury's and this again may help me to obtain any information I may need in this assignment. The Plc that I am currently studying about (Sainsbury's) has a more complex form of ownership owned by shareholders. A public limited company allows anyone from around the world purchase shares from the stock market for the company that they wish to purchase shares from. As the customer doing this is allows them to have a small part of the business and in return the customer will receive a small dividend from the profit to them for how many shares that the customer will have purchased from Sainsbury's. There are also benefits and constraints to being a shareholder. ...read more.

Middle

Another important factor that Sainsbury's will be competing on is the quality of the product. This is important because customers would want to get the best quality of a product for as cheap as possible and would want there customers to come to this organisation rather then going to anther place were Sainsbury's would loose this customer. Sainsbury's will also have to provide a good caring customer service for the customers so that they would feel free to ask about any queries they have about anything and would feel comfortable with talking to the staff at Sainsbury's. For Sainsbury's to set up there Plc they would have to do a range of things for example getting capital to get them started, places they would want to be located and recruiting staff. For Sainsbury's to be starting a Plc is a good thing as they would be a able to become larger than a private limited organisations as Sainsbury's would be able to raise a lot of capital through the stock exchange where shares are bought and sold whereas private business organisations would have to go to certain individuals to sell there shares and not anyone form around the world would be able to purchase these shares from that company. ...read more.

Conclusion

the limit on what they need to buy then they will have to use there own personal money in order purchase the things they need. Sainsbury's will also have to keep track of profits if any and also keep track of loses that may happen. Sainsbury's will need to find out how much it will cost to make a certain product which would be there variable cost and then they would be able to sell them for how ever much they would want to in order to find how much products Sainsbury's would need to make a profit. Also managers would be able to keep check on their cash flow and firms can plan ahead such pre arrange over drafts or delayed payments. Some of the uses of financial accounts of Sainsbury's are that internal and external people may want to see them for example for external businesses such as banks, government, public, competition and suppliers may want to see these records to see how well Sainsbury's are doing and if they are good to borrow money and see if they have enough assets to pay these people back or for a number of other reasons such as there own personal use. The internal users inside of this organisation that may want to see these accounts are managers, owners (shareholders), different departments, employees, and accountants. ...read more.

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