Business studies - Foundation.

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Assignment B – Foundation

Business Studies

Assignment B - Foundation

Task: P2

McDonald's vision is to be the UK's best quick service restaurant experience. McDonalds now serves over 45 million customers every day. McDonalds customers are mainly those young people, student, families, children’s and single young people. McDonald's restaurants are family restaurants, and they make up by far the largest number of the 2.5 million customers we serve every day in the UK

It sells/make different brands of sandwiches.

The Big Mac is McDonald's flagship product. McDonald's other main brands are:

  • Chicken McNuggets.
  • McDonald's Filet-o-fish.
  • Egg McMuffin.
  • McChicken sandwich.
  • McDonald's Vegetable Deluxe.
  • And McFlurry.

McDonalds is classified in Tertiary sector, which provide product/service through developing new brand and through excellence in McDonalds restaurant to build strong relationship between customers and McDonald.

I have also chosen to investigate Dixie’s, which is a sole trader and which operates in tertiary sector.

Dixie’s sells:

  • Chicken and chips.
  • Burger/chicken burger/fish burger
  • And cold drinks.

Dixie’s customers are young people; families and children’s all these people are their target.

Task: P1

McDonald is a public limited company.

A public limited company is a separated legal body owned by shareholders and run/managed by directors, shares couldn’t be sold without permission of the Board of Directors.

The boards of Directors are people appointed by shareholders to run the business. Directors’ controls the business/company and they can only vote at company meeting. They have limited liability due to separate legal identify and the liability is limited to the initial share capital.


P.1

Limited liability mean:

That you are protected if your business goes bankrupt, and you have limited liability for the company debts.

Advantages of becoming a public limited company:

  • The company can raise their money by offering their shares on the stock market.
  • You have limited liability.
  • Nationally known.
Join now!

Disadvantages of becoming a public limited company:

  • Plenty of paperwork.
  • Expensive to set-up since it’s large in size.
  • The business is subjected to be taken.

 Dixie’s is a sole trader defined as a small business.

Sole trader is: someone that runs his or her own business under a trading name.

The owner personal position are at risk if the business goes bankrupt, they could lose everything in view, of the fact that they have unlimited liability.

Advantages of becoming a sole trader:

  • The profit goes to one person.
  • Less red tape.
  • You ...

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