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I have identified four contrasting businesses they are as follows: KFC John Lewis TJ's Newsagents Oxfam

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Introduction

Task 1.1 I have identified four contrasting businesses they are as follows: * KFC * John Lewis * TJ's Newsagents * Oxfam KFC Ownership The type of ownership KFC would fall under is a franchise this is the name that's given to a business which is operated by a franchisee, and to whom a franchiser grants the right to market a good or service. It provides another option to starting a business and buying a business. The franchisee usually pays a fee and/or a percentage of sales to the franchiser for receiving financial help, training, supplies, a protected market and technical assistance from the franchiser. Like a partnership there is a legal document that needs to be signed which is the franchise agreement, this is the cornerstone document of the franchisee, franchiser relationship. It is this document that is legally binding on both parties, laying out the rights and obligations of each. Sometimes a sample agreement may either be attached to the disclosure statement or presented separately. The agreement usually contains provisions covering, in considerable detail, the obligations of the franchiser and franchisee regarding operating the business; the training and operational support the franchiser will provide (and at what cost); your territory and any exclusivity; the initial duration of the franchise and any renewal rights; how much you must invest; how you must ...read more.

Middle

Sole traders incur unlimited liability. The Sector of economy TJ's would fall under is the private sector as it is a retailer it is in the tertiary sector. The objectives of TJ's would be to: > Reduce costs by 15% by buying in bulk, improving security etc > Surviving as a business > Maximize profits Stakeholders TJ's newsagent stakeholders in this business would be: > The local residents > The government > Customers > Employees > The supplier etc Oxfam Ownership Oxfam is an international charity it's a public sector organisation funded by the government. It has a board of trustees of up to 32 members that work for the government. Oxfam also has chief executive that's responsible for the trustees and the management of the organisation. It is limited by guarantee, so it cannot become indebted beyond a certain level. They aim to provide a full service but they may also make a surplus, which can then be ploughed back into better service for the future. A charity shop of Oxfam has limited liability and does not have to pay tax. The trustees in Oxfam are responsible for all the organisations activities under the charities act. As Oxfam is a registered limited company they must comply with the legal requirements of the Companies act 1985 The advantages of being a charity: > Good ...read more.

Conclusion

John Lewis's main activity is to provide the highest quality goods that there are for the best price, to the satisfaction of the communities in which they trade. John Lewis an incorporated business, meaning that it has limited liability. This means that the liability would be limited if they were to go in debt. John Lewis is in the public sector like any other PLC. Their objectives would be to recruit and retain loyal customers, improve customer service to a higher standard i.e. to allow continued development etc. Stakeholders that you may find in this business are their customers, the shareholders, the government and the trade unions. Shareholders within the business would be different from the rest of the other shops as the shareholders of the business would be internal i.e. the people that work within the business, for example sales staff, the managing director, board of directors etc. Customers play part in a very important role in helping john Lewis to be successful because without customers buying their products john Lewis would make no profit. Sector of economy John Lewis is a manufacturing industry the secondary sector as well as the primary and tertiary, because: 1. They own factories where they manufacture some of their products. 2. They own their own farms. 3. They own store nationwide. ?? ?? ?? ?? 1 ...read more.

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