Ownership and location

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Introduction

In this coursework I am going to be writing about the ownership and location of businesses. I will be looking at what sort of company has a certain ownership whether it’s there to make profit or offer education. Also I will be finding out what sort of location is needed and why it is important. I will then say what Tesco’s and Chelmsford college ownership is. Then I will write about what sort of location both Chelmsford College has and Tesco’s have and why it is important for them to have that location.

Types of Ownership

There are two sectors in business ownership and they are both there for different reasons. The sectors are:

  • The Private Sector- Anything not owned by the government for example Tesco.  
  • The Public Sector- All the organisations owned by the government including education, army, hospitals etc.

There are four different types of firms that would be under the private sector:

  • Sole Trader
  • Private Limited Companies (LTD)
  • Partnerships
  • Public Limited Companies (PLC)

In the last twenty years the government has lost a lot of their businesses through being bought by someone. There are very few left of the government owned for instance the royal mail.

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Business Location

Location is a critical factor if the business wants to succeed. The internet has had an impact on business locations because it may mean you can locate anywhere. But it all depends on what sort of operations the business needs to do. Factors that may influence the location include:

  • Availability and cost of labour skills
  • The cost of premises- for example you are going to have to pay much more money for a location in London than you would in the south

  • Government charges- for example the government are going to charge ...

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