Btec Business UNIT 1

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BTEC National Business                Mitesh Parmar

Unit 1 – Introduction To Business                Mr. Dankwah

P3

Introduction

There are many different functions within a business, these functions work together in order to achieve business aims and objectives. Each functional area has a speciality which it deals with only; however these cost centres link together to achieve set aims and objectives of the business overall — this means they are Interdependent. I will be identifying and explaining ten different functional activities from a large company called Tesco.

(a) Identify and explain ten different functional activities carried out in a selected business.

Tesco Marketing

Tesco send out magazines about their products to millions of people within the U.K. These magazines don’t just contain product and product prices; they are customized so that they attract customers (e.g. using prime colours). They contain articles about product features and why the product is very unique I special. However the same magazine isn’t sent to all customers; Tesco send customers what they want to see, e.g. looking at a customer buying behaviour via their club card — this will tell Tesco’s for example, that this person buys nappies and clothes for their young children / babies, therefore Tesco will send them a magazine to do with younger children that would include nappies, baby oils, clothes etc. Tesco also market via television and radio, the latest promotion is with Tesco petrol. Their petrol station next to the supermarket provides both petrol and diesel for the customers when they leave / enter or at anytime of the day (open 24 hours a day). They have a limited offer now; every time you spend £50 or more in Tesco supermarket, you get 5 pence off every litre you buy at the pumps.

Finance

Tesco finance includes budgets e.g. paying for recourses, credit loans, mortgages, finance etc. Tesco finance has to keep track of all transactions that are made e.g. selling buying items/products/resources. As well as this the finance area deal with administrative issues and give shareholders dividends. They have to communicate with people/business who might want to invest into Tesco.

Finance is a key issue because without it Tesco wouldn’t be able to move forward and buy products to sell, pay wages/salaries; this will lead to other departments being affected too.

Distribution

Tesco’s distribution service is to all Tesco supermarkets and customers. Firstly Tesco supermarkets will receive all the goods that they need to stocks back up again. This will be done when companies such as Walkers Crisps, Kellogg’s, Cherokee etc. deliver their goods to the Tesco warehouses, which then send lorries to the Tesco supermarkets to stock up/display the items for sale.

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The other distribution is when Tesco customers go onto their website and order their products and get it delivered to their doorstep. This part of their distribution function. This will be done provide a good customer service too.

Human Resources

Tesco employee new staff and train them up like they do with all the rest of the staff they are trained so customer service is excellent. They are also trained to guide the customer where they want to go, e.g. milk and bread section, toilets etc. HR will be setting/organising working conditions for example, time spent working and ...

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