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

tesco ownership

Extracts from this document...

Introduction

Tesco's Ownership Unlike Lakhani Motor Group which is owned by several partners, Tesco is owned by thousands of people. This is because Tesco is a public limited company or Plc. The reason for Tesco being a Plc is because of its mammoth size. Due to its size it would be hard to raise enough funds for Tesco if it was owned by a sole trader or by partners whereas in a Plc (like Tesco) the company is owned by shareholders who fund the company. This happens by the people buying shares in the company and becoming shareholders. Sometimes this may seem more appealing to the people investing in a company as they have the luxury of having limited liability. Limited liability is where if the business goes bankrupt the people only lose whatever they invested in the business this is common with Plc's, Ltd's (Private limited company) and . ...read more.

Middle

Any one buying more than 51% of all Tesco shares would be the new owner of the company Aims: Aims are set out to briefly describe what has to be done. Tesco's aims are set out below -: Objectives: Objectives are related to aims but present more information by maybe including a time period and percentage (%). Tesco's objectives are listed below -: Marketing - This department is responsible for controlling the sales of the product and actually putting it on the market to sell. They also carry out market research to compare and be competitive with other products which are similar on the market. They are also responsible for promotions of sales therefore they need to have a decent product on the market which is different from others and has a good chance of beating other sales. ...read more.

Conclusion

In this report I intend to create a detailed report of Tesco's. I want to see what they have done to get to where they are today and to try to evaluate why what they did worked. I want to get as much information as possible, although some information may not be accessible to the public as it could be sensitive. After the First World War, Jack Cohen received a �40 gratuity. With this he set up his own East end fruit and veg store. Later he joined with another man T. E Stockwell to create a partnership. They then formed a limited company and now Tesco is a public limited company (PLC) with an annual turn over of around �30,814 million pounds. When Cohen set up Tesco, he was a sole trader, he would have had unlimited liability. This means that if he went bust and unable to pay his debts he would have his personal belongings sold by the bank to pay off his debts. ...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

Here's what a teacher thought of this essay

3 star(s)

*** This report is a mix of researched information and supposition but the writer does not state which is which. There are several inaccuracies and a misunderstanding of public limited companies.

Marked by teacher David Salter 01/12/2012

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. Type of business, purpose, ownership and influence of different stakeholders( TESCO and DAGENHAM PARK ...

    The employees are very important, because the management in Leisure Centre is vital. The employees will get paid to provide services of all types (laundries, dance teaching, personal trainers, managers, etc.). They also have to be provided will good working conditions, so they will be satisfied, otherwise they will resign

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

    Co-operatives � A cooperative is owned by the people who work for it. Employee's buy a share in the organisation and have a vote in making decisions. � Members receive a share of the profits in the form of a dividend, when they leave they can take their funds back.

  1. Introduction to Business Assignment

    Of these 145,000 people, 60% are part - time based workers and 40% are full - time workers. 62% of the labour forces are women which show that since the 19th Century equal opportunities have shifted and women have the same rights as men - to be able to work.

  2. Aims,ownership and stakeholders of Tesco and UNICEF

    UNICEF is one of the United Nations Development Group and its Executive Committee. UNICEF became a permanent part of the United Nations System and its name was shortened from the original which was ?UNITED NATIONNS INTERNATIONAL CHILDREN?S EMERGENCY FUND? to ?UNITED NATIONS CHILDRENS FUND? The overall management and administration of the organisation takes place at its headquarters in New York.

  1. Aims and objectives of Waitrose

    Having a Waitrose online website will make an alternative to shopping in store for customers. This method increases the number of people buying from Waitrose. Therefore, it would help in maximising profits. Most people that go to Waitrose are elderly people and busy professionals, but this does not apply to

  2. P5 Explain the legal and ethical issues in relation to the use of business ...

    The importance of this act is that it will help stop the wrong that is being done in a company before it gets out of hands.

  1. Explain the implications for the business and stakeholders of a business operating ethically.

    Success for environmentalists may mean a loss for shareholders. That said others may argue that, in the longer term, all business gain by protecting our environment. Implications Adapting Business Behaviour Within our world the connection through each other is now better than it was 50 years ago, meaning the connection

  2. Legal influences and their impact on Sainsburys Plc

    The refused sales log shows that their policy is being implemented. If the company said that they had no refused sales whatsoever, the monitoring agencies wouldn't believe them. Sainsbury's will also have to provide guidance of which proof of age cards, ID cards are acceptable.

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