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How external factors effect business

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Introduction

Introduction: I have been assigned to investigate how businesses develop. I will compare & contrast the two businesses; the first business I chose to investigate is Tesco, which is a public limited company. The second business I chose to investigate is Medina Cash & Carry. Tesco plc is a UK-based international grocery and general merchandising retail chain. It is the largest British retailer by both global sales and domestic market share, with profits exceeding �3 billion. It's a Public limited company because Tesco is a large organization whose shares are traded on the Stock Exchange. Type of ownership Tesco's is a public limited company, which is normally larger than a private limited company. Medina Cash And Carry is a Sole trader who is an individual who has set up in a business on his own. A public limited company is larger than a private limited company. The share capital (money invested by shareholders), which has to be over �50, 000. Many plc's have a share of millions of pounds. A sole trader is an individual who has set up a business on his own. The sole trader is the person who owns the business and who is also in control of the business. Sole traders set up the majority of the businesses in the U.K. ...read more.

Middle

Once the six months time has elapsed, the trader is safe from prosecution (all information was from text books and people who work in the business) source data. The advantages of the location of the business Tesco EDMONTON The area is well developed, so there would be no problem with the area which is well served by transport links such as train and bus routes. This is vital because the customers need this to carry their shopping from tesco's back home. This is also good for the company because it means that customers, employees and suppliers can get to the business easily. The business has a parking lot where the customer can be able to park their cars to prevent accidents or theft associated with their customer's possessions. It is also the only shopping market located in that area this allows the competition of product reduced in the market. The business is also close to a large residential area, which means that the firm would be able to find more customers and employees easily. The biggest advantage of this location to the business is its closeness to transport links and customers. This is good because it means that if business is not near good transport links, the workers would not be able to get to work quickly and easily. ...read more.

Conclusion

The roads are too busy which disappoints customers who have to travel by car or by bus because the traffic is slow moving and the customers may have important matters and don't want to be delayed. Some customers may also be put off by the noise and exhaust fumes caused by the congested roads and traffic. An example of this is when Medina Cash & Carry had to close down one of their car parks because there were complaints by drivers using the road that there was too much congestion and traffic jams. The busy roads also mean that deliveries to Medina Cash & Carry are not on time, which results in less availability of goods to the consumers who will end up buying fewer goods. CONCLUSION: From what I see, the market nature of the business is really important to the business it helps the business to meet it aims and objectives. The consumer laws also help the business to know their right towards their customers in that part of the business. Most of the success depends on the location and most of Tesco's shops are located in the right place. And with the minor business it has to make sure they treat their customer's right because there a saying that "customers are always right" and they must abide with the consumer laws of the business or they might go out of business. ?? ?? ?? ?? Fahmi Ally Suresh Sundaram Business activity 2 ...read more.

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