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

Compare the two companies Tesco's and McDonalds

Extracts from this document...

Introduction

Introduction In this coursework I am going to compare the two companies Tesco's and McDonalds and their aims and objectives. Both companies are two well known companies. The main difference between the two is that Tesco's is a huge supermarket which sells a variety of products, such as food, clothes, electrical goods, cosmetics, and etc and McDonalds is a fast food venue. The reason for why I chose two contrasting companies is because it would be interesting to see how each company's aims and objectives helps them to be so successful. Obviously the aims and objectives will vary from one another but their also may be some similarities, even though the companies ate two separate stores. Definitions of aims, objectives and business activities Aim - An aim is a purpose which is a anticipated outcome that is intended or that guides your planned actions. An aim is a set target which leads on to success in your goal. Objectives - The smaller targets or steps which have to be taken in order to achieve your aim or goal. Business activities - is an activity undertaken as part of a commercial enterprise The company I am first going to research will be Tesco Business activities for Tesco: Tesco's aims and objectives Aims: . ...read more.

Middle

I will now be finding out the aims, objectives and business activities of McDonalds About McDonalds McDonalds began with one restaurant in the US in 1955 and today there are more than 26,500 restaurants in over 119 countries. McDonalds first opened in the UK in 1974. More than 2.5 million people in this country trust McDonalds to give them food of a high standard, quick service and value for money. In my opinion McDonalds create a high standard of customer satisfaction. My reason for thinking is this because customer convenience and research is driving force behind new restaurant locations - which had led to new McDonalds in sites as varied as cross- channel ferries, a bowling alley and London's former county hall. Currently there are more than 1000 McDonald's restaurants throughout the UK. Main Aim & Objectives of McDonalds McDonalds' aim is to be the 'world's best quick service restaurant experience. This means running and opening great restaurants and providing exceptional quality, service, cleanliness and value, so that they make every customer in every restaurant smile. McDonalds targets primarily children (Happy Meal, toys, and adverts) in the hope to build a life long customer relationship and future brand loyalty. McDonalds focuses on maintaining a powerful brand to differentiate its core products (Big Mac, French Fries) ...read more.

Conclusion

The advantages of using beak even analysis is the following: . It's visual and easier to understand . It shows the amount of profit and loss for the company Also to see the effectiveness on the break even point. Output is measured on the horizontal axis. Which means Revenue costs and profits is measured on the vertical axis. A fixed cost is the amount of money that stays the same To find out the total cost we need to use the formulae we have to use is fixed costs +variable costs. The break even analysis helps the companies to achieve their aims and objectives. However it helps the company to keep a estimate of the actual amount of the money taken in etc. it helps the companies aims as they can figure out what the actual profit and loss has been, taken by the break even chart. Tesco's break even chart The use of graphs is helpful in break-even analysis/ it is possible to identify the break-even point by plotting the total costs (TC) and total revenue (TR) equation on a graph The reason why break even analysis is vital is because the break-even chart is an easy visual means of analysing the firms financial position at different levels of output. The chart can also be used to show the effect on the break-even point. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Accounting & Finance section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

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 GCSE Accounting & Finance essays

  1. BREAK-EVEN ANALYSIS OF MCDONALDS

    The supplier need to ensure they can meet McDonald required standards. And their standards are based on quality, value and cleanliness. * Also McDonald want to expand and growth in UK. It grows rapidly in UK in these 25 years, the graph below show us: * To be the best

  2. Give an explanation of break-even analysis and explain how it supports the achievement of ...

    This point can now be marked on the chart, i.e. �200 000 at an output level of 250 000kg. This can be joined to the total costs at zero output �50 000. This is illustrated below in fig 2 Finally, sales revenue must be added.

  1. Activities of Tesco finance function.

    Superdrug financial accountant on the other hand is the person responsible for assembling all the accounts into a format that is required for legal reasons. Paying wages and salaries in Superdrug Superdrug wages section of the financial department will be responsible for calculating the wages and salaries of employees and

  2. This report has been produced as evidence for Unit 9 - 'Financial Services' - ...

    150 150 150 150 Total expenses 2166.70 2166.70 2166.70 2166.70 2166.70 3166.70 Closing Balance 1,174.30 2,348.60 3,522.90 4,697.20 5,871.50 6,045.80 7 8 9 10 11 12 Opening Balance 6,046 7,220 8,394 9,569 10,743 11,917 Income 3,341.00 3,341.00 3,341.00 3,341.00 3,341.00 3,341.00 Other Income Total Income 9,387 10,561 11,735 12,910 14,084

  1. Compare the final accounts of two organisations explaining the similarities and differences.

    Although profits may be share unequally, liabilities which arise are shared jointly. This is something that everyone involved should be very clear about. A partnership is a very risky business to because of the potential conflicts. A partnership business will have to keep records for Inland Revenue but there are no other legal requirements, each partner pays tax individually.

  2. The Purpose of Keeping Accurate Accounts

    An auditor report is an essential document that must be produced. The report must also include the addresses of the members of the company, the financial statements, the date of report etc. Advantages using computerised accounting system: 1. Reduction in processing cost: The large reductions in the cost of hardware

  1. Management Accounting Report.

    There are three managers, the purchasing, personnel and the production managers have different ideas and all of them think that they are going to be successful. Method (Standard costing and variance analysis) To sort this problem the following accounting techniques will be used: * The report technique * Tables * Calculations * Formulae's Findings (Standard costing and variance analysis)

  2. Costs, Profits and Break-even Analysis.

    This is the line marked sales revenue in the diagram below. Before commencing production a firm must buy what are known as its FIXED ASSETS. These are the profit generating parts of the business and form the fixed costs. As such they have to be paid for regardless of output.

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