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

Describing Businesses

Extracts from this document...

Introduction

McDonalds are one of the biggest restaurants and franchise in the world, because of its hamburgers. McDonald's is the leading global foodservice retailer. A franchise is that a business name can be sold to a company or an individual. The franchisees often pay a fee so that he can get the decorations from the large business. However the franchisee can only sell the franchisor's products. Purpose The purpose of McDonalds is to make a big profit of course, but McDonalds wants to provide food services all over the world. Size and Scale There are more than 31 000 local restaurant in the world. So McDonalds has more than 400 000 employees so it is a large business. ...read more.

Middle

So if one partner runs a big debt his partner can be asked to pay it off. Purpose The purpose of this business is to make a profit and then share it with each other. And that the deed of partnership will remain for a several years. Size and Scale This business is a local business. There are only 4 Employees in this business so it is a micro business. This business serves only the local people. Ownership There are 2 owners in this business because it's a partnership. The owners are Barry from the Butcher and Dhillon from the super market. Tesco plc is a UK-based international grocery. It is the largest British retailer. Tesco is a PLC (public limited company). ...read more.

Conclusion

Ownership David Reid is the chairman from Tesco's There is only 1 owner in this business. The owner of this newsagent is a sole trader, so he is on its own. A sole trader is able to work in a area which they have interest in. The disadvantages of being a sole trader is when you are in debts you might have to pay up your own personal belongings. Purpose A sole trader purpose is to make a profit, but they might to that by working in long hours, so they got a little time to take a holiday, because if they go for a holiday, which last long the sole trader might lose money. Size and Scale This business serves only the local people. This business is a very small business. There is only 1 employee in this business so it is a micro business. Ownership The Sole trader who made this business owns this business. ...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 Business, Companies and Organisation, Activity 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 star student thought of this essay

3 star(s)

Response to the question

This essay ably picks a variety of businesses, using McDonalds, Tesco and a couple of local firms, yet the description is incredibly brief. There are a wide range of terms used in this essay, such as franchise, PLC, sole trader, ...

Read full review

Response to the question

This essay ably picks a variety of businesses, using McDonalds, Tesco and a couple of local firms, yet the description is incredibly brief. There are a wide range of terms used in this essay, such as franchise, PLC, sole trader, etc. If this essay had elaborated on these concepts, it wouldn't have been too hard to achieve harder marks.

Level of analysis

This essay is able to display knowledge throughout the essay, but lacks any real analysis. For example, it is able to note that McDonalds is a franchise, yet there is no clear explanation of what this means. I would've liked to have seen the essay explore what a franchisor offers to help set-up, other than the brand alone. To add to this, this essay could've explored a few ways the franchisee pays the franchisor. This ranges from percentage of revenue, percentage of net profit to a fixed fee, so there is plenty of scope to explore here. The same can be seen for all sections of this essay - if the terms were explained rather than just stated, the analysis would've have been much stronger. It was nice to see they posed a disadvantage of being a sole trader. Simply offering advantages and disadvantages at GCSE level is a great way to gain marks, as it shows understanding and application.

Quality of writing

The essay is structured well, with clear subheadings. However, it becomes incoherent at times with the grammar being incorrect. For example "Before when two people setting up a business together they are drawing a deed of partnership" makes no sense. Also, I have a query with the formality of this essay. It tends to be very colloquial, and this is not to be advised for a formal piece of coursework. The outline is there with this essay, but there is plenty of work to be done!


Did you find this review helpful? Join our team of reviewers and help other students learn

Reviewed by groat 15/02/2012

Read less
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 Business, Companies and Organisation, Activity essays

  1. Business Studies Edexcel Coursework

    A business card typically includes the giver's name, company affiliation (usually with a logo) and contact information such as street addresses, telephone number(s) and/or e-mail addresses. Traditionally many cards were simple black text on white stock; today a professional business card will sometimes include one or more aspects of striking visual design.

  2. Functional Areas within McDonalds

    So when they have the film pictures on the box and a character from the film is in the box then the child which is the happy meals target market will sell as it is being likened to that

  1. Operational Risks for Online Businesses

    Vulnerability To Hostile Attack According to the National Hi-Tech Crime Unit, cybercrime costs British businesses billions of pounds per year. It is not just the larger businesses which are threatened by hackers, spoof websites or denial of service attacks (DOS).

  2. Compare & Contrast 2 Businesses

    Another reason for Tesco high growing rate is because the profit sparked renewed criticisms that Tesco and other major supermarkets are squeezing out small, independent shops and eroding the diversity of the high street. The company has around 24million square feet of sales space in Britain and last year opened another two million more.

  1. The type of ownership Cadbury Schweppes PLC.

    Throughout the year's there were different owners and partnerships but they still was only a family business. It was only until in the late 1870's when they had workforce of 200 employees and had more shops and factories. In 1899 the Cadbury brother, George and William Cadbury became a PLC.

  2. Case Facts / Summary - Mr. Ingram and Mr Christmas were partners in a ...

    or allowed himself to be represented or held out as a partner as was the case in Hosie v Waddle (1866)3 SLR 16.. The word `knowingly` in the Partnership Act 1890 s.14 (1) does not mean mere carelessness in allowing himself to be represented as a partner.

  1. Case Study of the "Life is Good" clothing company.

    Cultivating Leadership Approach. Being at the top It is a known fact that the hardest parts of running any sort of organization is ensuring that those in superior positions are actually capable of leading effectively.

  2. Business Studies- Unit 1- Stakeholders

    Although Coca Cola?s employees will strive to the best of their abilities to make the soft drinks in which they are manufacturing as high in quality as possible, it is commonly the case that the higher quality of product, the more work goes into producing it.

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