• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Business Studies Report - Tesco.

Extracts from this document...


Business Studies Report Tesco. I have been asked to produce a business report on a company of my choice. I have been required by my teacher to complete this task in order to assess how I gather and present information from different sources. The majority of the information I have acquired is from the Tesco website (www.tesco.com), however I did also have some background knowledge, and I read some previous articles about the company in press releases and magazines. The focus of the report is to find out about the company's history, its aims and objectives, it's current and any previous legal statuses. Jack Cohen founded Tesco in 1924. He began by selling groceries on a market stall in London, and the brand name was first only printed on bags of tea. The first Tesco store was opened in Edgwell in 1929 as a partnership with T E Stockwell. ...read more.


* Non-food business: We now have a 6% market share. Our goal is to be as strong in non-food as we are in our food products. * Retailing services: As customers' shopping habits change, we aim to change and respond by providing new products and services. We aim to remain as the worlds largest grocery e-tailer. * International: Tesco has successfully opened up new growth markets in Central Europe and Asia. The proportion of total Group space outside of the UK was 49% at the 2003/2004-year end. We aim to expand our operating stores in the Czech Republic, Hungary, Poland, Republic of Ireland, Slovak Republic, Turkey, Japan, Malaysia, South Korea, Taiwan, and Thailand. The business is currently a public limited company selling shares on the stock exchange for about 286.00p per share. It is located in the FTSE 100, and employs around 195,000 people in the UK, 41,000 in the rest of Europe, and 24,000 in the rest of the world. ...read more.


One of the reasons the company has become so successful is its ability to expand into new areas of customer interest to keep the market on its feet. Customers no longer have the lifestyle with lots of time to shop all over so Tesco have identified the need to sell everything under one roof. They have changed with the trend and as a result have become the leading supermarket in the UK. I think the company is run well through the board of directors because it eliminates the bias that a company run solely by the actual owners for the purpose of making profit creates. It allows different viewpoints to be expressed clearly and choices to be reasoned thoroughly before they are finalised. I think if the business continues to run as it does at present and keeps on its toes to provide full customer satisfaction, then it will remain one of the best supermarkets, and continue to be successful all over the globe. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Structures, Objectives & External Influences section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Structures, Objectives & External Influences essays

  1. Political, legal, social factors affacting Tesco.

    If the exchange rate was to increase then Tesco would import more because it would be cheaper and they would make a profit. Even if it was to decrease Tesco would be able to export their goods for cheaper. Tesco would increase the prices of goods and services or decrease it depending on inflation.

  2. Btec National Business Level 3 Year 1 - Exploring Business Activity

    Take-overs and mergers: If Oxfam wishes to take over another business it will set out to purchase more than 50% of the shares. As soon as the investing business has a 50% share plus one share it is in control.

  1. Spreadsheet Report for Tuck Shop

    I inserted 6 work sheets by right clicking on a sheet tab and clicking on 'insert...' I then selected work sheet and clicked ok, I carried on doing this until I had 10 worksheets. I then right clicked on each sheet tab and selected 'Rename'.

  2. Introduction to Tesco

    By buying in bulk and keeping costs down, Tesco should have been able to sell at very competitive prices to its customers. Until 1964, however, suppliers were, by law, able to insist that retailers charged a set price for their products (the system known as Resale Price Maintenance), which meant that it was difficult to reduce prices.

  1. The Business Environment Coursework. Describe the type of business, purpose and ownership of ...

    This is because they can see the economy is getting better and they are making the most of the current situation, for example interest rates are still low and this would be beneficial to them if they need to take out loans or mortgages to help them to grow the business.

  2. For my portfolio, I was asked to do an assignment on two businesses. I ...

    They are not known all over the Britain because they are not expanded or not opening stores in the United Kingdom. The resources such as computer and tills are common in United Kingdom because many supermarkets such as Argos, b&q etc are using it.

  1. Barclays Investigating a Business

    If not they may be seeing decline sooner than anticipated. In terms of the Boston Matrix, travel insurance would be classed as a star as it has both high market growth and high market share. Travel Insurance is always going to have a large market share as it is always needed.

  2. Investigating Business. Tesco PLC. I will be describing the aims and objectives of ...

    They also have their famous Tesco Value brand which is basically a cheaper alternative to high quality brands. All of these brands have been successful and it shows that Tesco have history when it come to making new brands,

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work