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In this report in am going to investigate The Body Shop and Interlink which are two different types ownership PLC (Public limited company) and a Sole Trader.

Extracts from this document...

Introduction

Introduction In this report in am going to investigate The Body Shop and Interlink which are two different types ownership PLC (Public limited company) and a Sole Trader. Task 1a) Information about each of the companies THE BODY SHOP plc (c)2003 The Body Shop rapidly evolved from one small shop in Brighton on the south coast of England, with only around 25 hand-mixed products on sale, to a worldwide network of shops. Franchising allowed for rapid growth and international expansion as hundreds of entrepreneurs worldwide bought into Anita's vision. INTERLINK(r) Interlink was opened in Vallance Road E1 by my uncle M.K Azad he started with two computer and one phone box and a couple of phones card the company grew larger and larger over the years until there was 20 computer and 15 phone boxes. The body shop is a PLC but is does franchise which basically means way of owning a business but not taking the normal risk of buying expensive goods. I think the main the benefit of being a franchise is that if the body shop is successful as in getting more money the shares will increase in value, which will increase the overall value of the company so this mean that is the company get more money the body should could invest or it could open more franchise but I think it would be more better if they open more franchise it would give a name to the company. Also the body shop can often operate more cheaply than a Sole trader as the operate on "Economies of sale" because if the body shop ...read more.

Middle

More significant is the idea that much of the service sector is based on the knowledge economy i.e. that knowledge and information is worth money and those who posses it have the upper hand. One good example of this is the Banking industry, which has gone through enormous changes in recent years. Using information and communication technology, banks have vastly reduced the number of staff they need. Many banks and building societies have merged to form much leaner businesses capable of extracting more profit from a wider customer base. The key to this process is gaining information about their customers and constantly communicating new products to them. 2b) The body shop belongs in two industrial sectors which are Secondary and tertiary because they pack their products and sell them in their shop. Interlink is only in the tertiary sector the tertiary is split in to 4 groups public service, financial and business service, transport and communication and retailing, distribution, hotels and catering and Interlink Belong Into uncle belong to the retailing. 2c) There are also other business in the same sector as mine these include businesses like Iceland, Safeway's, Ford, Honda e.t.c Interlink belong in the tertiary sector He provides a service here are some other business that provides a service, Adam's solicitors Shadwell, Hair dressers e.t.c 2d) This chart below show the UK employment by sectors (1989-1997) Graph A Employment trends Sector 1989 1991 1993 1995 1997 Primary% 4.91 4.6 4.27 2.31 1.55 Secondary% 27.03 24.24 22.64 22.05 2.55 Tertiary% 68.96 71.16 73.09 75.62 75.9 As you can see in graph and it show how many people were employed through 87-97 the reason why I have chosen this graph is because I couldn't find the most up-2-date records. ...read more.

Conclusion

There are many factors that concerns interlink for example Competition because if there is another shop close by and they are doing the same activities and interlink thee people might want tot go to the new shop therefore interlink business will go down. Task 5a Stakeholders are individuals or groups who have an interest in what a business does and either is affected by what the business does or affects the business by what they do. Who the stakeholders are for interlink? Who are the stakeholders for The Body Shop? 5B All of the stakeholder have an interest in the business for example the employee are interested in wages and working conditions because if the business did not pay the employees then the business will crumble and employers like to work in a safe environment and if the business did not provide that then it would loose employees and then the staff turnover would be very high. Also the communities are interested because if a new shop comes in the community they this would mean less noise and crime because the business would try to prevent Anti social Behavior. Customers would be happy because if the business meets it needs they the customer will all ways come back to the shop because it had the right item that the customer wants. Suppliers would have an interest because if they get a new client this would mean money and if the supplier has money then they could keep the cost low and it would help other business as well. Mohammed Razaul Ali ali03018175 GNVQ INT BUSINESS STUDIES How Business Develop Charles Madiwa ...read more.

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