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Ownership and location of Tesco and McDonalds

Extracts from this document...

Introduction

Business Ownership. There are many different types of business ownership. The four main privately owned enterprises are: Sole traders - owned and run by one person. Partnerships - owned and run by two or more people. Private limited companies - often a business run by a family protected by limited liability. Public limited companies - large organisations whose shares are floated on the stock exchange. In addition there are two other types: Co-operatives - where a group of people run the enterprise together and share the profits or loses. Franchise - where a large organisation allows a person to sell its products and use its name in exchange for a fee and a share of the profits. All privately owned enterprises are able to be divided into two groups: Those with unlimited liability - sole traders and partnerships Those with limited liability - all companies, some franchise and some co-operatives. Unlimited liability means that the owners are responsible for all the debts. They may even have to sell personal possessions to pay them. If this is not possible then they will declared bankrupt. Limited liability restricts the responsibility of being responsible for all you debts. ...read more.

Middle

The advantages that Tesco have of being a PLC are; there is a limited liability for Tesco and all shareholders and it is much easier for Tesco to raise funds. The disadvantages are; Tesco cannot make business decisions instantly because they need to confront company directors and major shareholders and the business can be taken over if somebody buy 51% of shares. I think that this type of ownership is the most appropriate for Tesco because they may need to raise capital fast and they don't need to be making rash decisions. Ownership of McDonald's. McDonald's is a franchise company which is completely different to Tesco's PLC ownership. A franchise company allows people who currently have nothing to do with McDonald's to buy a restaurant and use the already well established McDonald's name. This means that McDonalds do not need to fund their own company, the franchisees will do this. McDonalds have limited liability just like Tesco, meaning that McDonald's and franchisees can only loose investments. The advantages of McDonald's having this type of ownership for the franchisor are; having the possibility to expand rapidly and the advantage for the franchisee are; you will own a business that is already running which means it is nearly a guaranteed success, you will own a ...read more.

Conclusion

I think that they are in prime locations for travelling and raw materials. McDonalds will have a lot of choice for land because of the area in hand. It has a lot of undeveloped areas in the towns. In Pembroke Dock there is now a new plot that already has a building on that McDonalds could take up. I think that this would be a more suitable location because they will be attract the custom that comes across the bridge. The ring on the left of the above map is where McDonalds currently have a restaurant. The ring on the right of the above map is where property has become unoccupied. I think that McDonalds could relocate there restaurant here because there is a lot of traffic that come across the bridge and heads away from where the current restaurant is currently located. Although some traffic heads towards town more heads away. I have conducted my own survey to see how many cars that comes across the bridge head towards Carew and Pembroke and how many head toward Pembroke Dock over a one hour interval. Below is my table of results that I recorded. Towards Pembroke Dock. Towards Pembroke and Carew. [http://www.thedock.org.uk/Council%20Data/Pem_Dock_Traffic_Generators_2008%5B1%5D.pdf] Both Tesco and McDonalds could use this ?? ?? ?? ?? Unit 1 - Investigating Business. Myles Howson. 11G. Section A. Page 1 of 16 ...read more.

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