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

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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 deal with things such as trademarks, patents and signs; what royalties and service fees you will pay; tax issues; what happens if you should want to sell or transfer the franchise; advertising policies; franchisee termination issues; settlement of disputes; by the company, operating practices, cancellation, and attorney fees. KFC is a franchise but can also be looked upon as a plc. This is because it is open for the public to buy shares in the company. These people are called shareholders.

The advantages of being a franchise:

> You do not have to start your own business

> You can pick the type of ownership it fits

> A franchisee makes money out of franchisers

> They have limited liability

The disadvantages of being a franchise:

> A proportion of the profits must be paid to the franchiser

> Bad publicity for the franchisor can have an adverse effect on the franchisee's business

About the business

KFC's main activity is to provide high quality chicken made with the same great taste that Colonel Harland Sanders (founder of KFC) created more than a half-century ago as well as tasty side dishes and deserts for the paying community. They are a fast food chain

Liability status

KFC's liability is limited this means the amount investors in a corporation can lose is limited to the amount that he has invested in the firm and no more.
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The sector of economy KFC would fall under would be the public sector as it provides a service to the public in exchange for money and is also controlled by the government.

KFC's objectives would be to:

> To expand as a business

> To achieve customer satisfaction

> To increase on the profit margin each year by beating their standards of last year.

> To have a larger market share than their competitors.

Stakeholders in KFC would be:

> Customers - they want satisfaction of goods

> Suppliers ...

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