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Ownership, Location and Aims and Objectives of Lex Transfleet and Express Diner

Extracts from this document...

Introduction

Sections A1, A2 & A3 Section A1 - Describing all four features for both businesses; Lex Transfleet and Express Diner Ownership of Lex Transfleet Lex Transfleet is a PLC (public limited company) which is hard to set up because of the paper work that needs to be done. They are owned by minimum of 2 people because but there is no maximum numbers of shareholders. Shareholders in Public limited companies have limited liability which is that they invest in capital and if they were in debt they only lose the amount of capital that they invested in to the business. For example a shareholder in Lex invests �50,000 and the business get indebt of 1 million pounds then they don't need to pay back the 1 million pounds, they just lose the �50,000 that they invested. The advantage of limited liability is that they do not need to pay the amount of debt because they just lose out what they invested. The advantages of a public limited company is that they have limited liability, the capital increases because public can buy shares and the shares increases in value if company is successful. The shareholders vote for who the directors are going to be and the directors in the business run the business and make all the major/minor decisions. The directors in the business are in charge on a day to day basis. For the business to grow they can advertise shares on the stock exchange and raise more capital. The shareholders in the business have a share of the profit. The disadvantage of PLC is that it can be at risk of being taken over, meaning that Lex can be bought even though it is not for sale, if another business offers a high amount for Lex then the directors can accept it, so the shareholders don't get to have their say about if they want agree about selling the business. ...read more.

Middle

when measuring the objective they can use pound (�) or percentage (%) signs to measure them. All objective must be monitored regularly so that the business can see if they have achieved the objectives. They are different to aims because they use objectives to achieve the aims. Business set objectives to achieve their aims, most business set up SMART objectives: Specific - This is when the objective is specific on the aim the business is trying to achieve. This shows the detail and precision of what the objective is and what they are trying to achieve. Measurable - This when the business can measure their objectives by using pound (�) or percentage (%) signs. This is used to measure how much profit they would want to make or they can say they want their sales to increase by 25%, also this can help the business see if they have achieved their objective. Achievable - This is when the business sees if they can or cannot achieve their objectives. This will help the business because if they set themselves an objective it may not be appropriate for the business for example a small business would want to take over a bigger company such as Tesco. Realistic - This is when the business should be realistic when the pick their objectives because if their objective is not realistic then how will the business achieve it. This will help the business because then if the business picks a non-realistic objective then this will waste the business time. Time - This is when the business should set them a deadline to achieve the objectives. When they set a new objective they should set a deadline when to achieve it. This is helps the business because then they will know when to achieve it and they have to put effort and time to achieve the objective, because if they do not have a time to achieve the objective they can achieve it whenever they want to or may be not achieve it because they will not put effort and time into it to achieve the objective. ...read more.

Conclusion

This activity leads to another activity which Express Diner can help the environment and be eco friendly because they will make customers and other pressure groups pleased. They can do this by saving gas and electricity in Express Diner because the more gas and electricity is used then Express Diner will be polluting the area more. Also Express Diner can save them a lot of capital because they will be using less gas and electricity. An advantage of this is that they can only use the machine and equipment to cook the food when the customer has ordered. This means that they will be saving capital on using less electricity and gas and the polluting will decrease which there will be no pressure groups to pressure them. The disadvantage of this that customer will be waiting to be served its food which will take time because they are making it fresh, so the customer has to wait. Express Diner can also improve their activities by them changing the opening times because they may hardly be making any capital in the late hours between 3am - 5am. So I recommend Express Diner can open earlier in the mornings for instance 10am and close at 3am because then they can serve customers that are going to work in mornings. The advantage of this is that they will save themselves capital from paying extra wages, electricity will decrease and there will be less pressure group because they will close earlier at night. The disadvantage of this is that their customers that visit Express Diner at the times 3am - 5am will not be able to visit at that time, so they have to come earlier or may not visit again which they are losing out in customers. Also the workers may be tired to work early in the mornings so they may be late to work and be very tired which can affect the way they work and affect the sales at Express Diner. ?? ?? ?? ?? 1 ...read more.

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