A2 Business CourseWork
AS Business studies Unit 1 - Investigating Business A portfolio investigating and researching the supermarket chain Tesco By Matthew Hampson Introduction: About the business: Tesco is a UK based international food and general retail chain. It is the UK's largest retailer by sales and market share, with profits exceeding £3 billion. On a worldwide scale it is the world's third largest retailer falling only behind Wal-Mart and Carrefour. Tesco was founded in 1919 by Jack Cohen when he started selling groceries on a market stall in east London. The brand "Tesco" first appeared five years later in 1924. The brand was formed when Cohen took the initials of T.E Stockwell and added the first to letters of his sir name (C.O) and hence the name TESCO was formed. The first Tesco store opened in 1929 in Middlesex. By 1947 the company was already on the London stock exchange. Tesco grew through the 1950s and 60s until it had more than 800 stores acquired, in the most part through the purchase of other retail chains. Tesco pioneered the "pile it high, sell it cheap" ethos, this was in the most part due to Jack Cohen's belief that this was the best way for the business to succeed. In 1964 Tesco signed up with 'Green Shield Stamps' to further entice customers, to the modern day family this revolutionised shopping. However Lord Sainsbury disagreed with Cohen's new idea and market
The maintenance of accurate records supplies the company with the financial data that assists them to function more effectively, it also helps to make it possible for the company to maximise profit. The key statements are the profit and loss account, bal
Contents page Task A page 3 Task B page 21 Task C page 25 Task D page 27 Task E page 29 Task F page 38 Task G page 46 Appendix page 51 Task A Why accurate financial records need to be maintained The maintenance of accurate records supplies the company with the financial data that assists them to function more effectively, it also helps to make it possible for the company to maximise profit. The key statements are the profit and loss account, balance sheet and cash flow statement. Having this information helps to understand if company performance is meeting expectations and is in line with strategy. If the company knows where its money is going, it enables the company to make better and more considered decisions concerning its spending and savings in the future basically a method tracking the money flow. You need to bear in mind that accurate records don't need to be maintained for legislation purposes only. At the same time it pictures the business at a moment in time which will help management monitor and control the business and help them make decisions. Monitoring performance: In order for a business to be successful it requires the management to monitor financial performance strictly in turn to produce accurate
business plan unit
"The People's Catering Co." Business Plan Jake Schober Contents: Page # Contents of page 3-5 Introduction 6-8 Aims and Objectives 9 Stakeholders 0-11 Legal Form 2-13 Personal Statement 4-18 Market Research 9-23 Market Research Analysis 24-26 Competition Analysis 27-29 Marketing Plan 30 Human Resources 31 Physical Resources 32-33 Quality 34-37 Financial Resources 38-43 Costs 44 Cash flow analysis 45 Profit and loss analysis/explanation 46-48 ICT Introduction The business that will be starting is a catering business. The business will be called "The People's Catering Co." The business will be located in a villa near Salwa Road. This is because the company can rent out a villa with a big kitchen and will be able to produce more food for the catering. The reason why I have chosen this area near Salwa road is because it is an inexpensive area and is close to the main residential areas of Qatar. Also it is a reasonably accessible area. It is an ideal location for a business because a lot of businesses are located in this area. Therefore people will come into this area. It is a main connecting road in the centre of Doha and is a main highway. The catering business will produce foods for all social occasions, such as buffet's, customer required foods to order, delicacies and other foods that are required for catering. There will be some
The company I'm reporting on is Kraft Foods Incorporated - accounting principles.
Justin Smith Annual Report Paper Accounting Principles-Spring 2003 Due: 4/23/03 General Information The company I'm reporting on is Kraft Foods Incorporated. Kraft's corporate address is Kraft Foods Inc., Three Lakes Drive, Northfield, IL 60093-2753. With nearly $34 billion in revenues, Kraft Foods Inc. is the largest food company in North America and the second largest worldwide. From the first cup of coffee in the morning to a last late-night snack, Kraft Foods makes the world's favorite foods. Their basket of products includes six brands with more than $1 billion in revenues and a total of 61 brands with revenues of at least $100 million, is balanced across five growing global sectors: Snacks, Beverages, Cheese, Convenient Meals and Grocery. Some of the product brands within these five sectors include Nabisco, Philadelphia, Tang, Oscar Mayer, Jacobs, and Post. Kraft is the world's leading producer of cookies and crackers, including global leaders like the Oreo and Ritz brands. Kraft Foods is also one of the largest chocolate producers worldwide, with brands such as Milka and Toblerone. Brands like Life Savers, Crème Savers, Altoids, and Sugus round out their confectionery business. Estrella in Europe and Planters in North America are just two of Kraft's leading brands of salty snacks. Kraft Foods, Inc., together with its subsidiaries, is engaged in the manufacture
Describe three savings products appropriate to meet the nancial needs of two contrasting customers.
Transfer-Encoding: chunked Describe three savings products appropriate to meet the financial needs of two contrasting customers. I have just finished my fifth week of training at The Co-operative Bank. My manager wants me to get an overview of savings products offered by The Co-operative Bank. As a task I am requested to select three savings products that will be used by two different customers. Teenagers and students will make use of savings products to save for things such as university fees, driving lessons or a car. They could make use of Premium Bonds, Direct ISA or a savings account. Teenagers and students will make use of Premium Bonds as a means of saving. Premium Bonds are a government security that offers no interest or capital gain but is entered in regular draws for cash prizes. Premium bonds can give the saver prizes from £25 to £1 million of tax free cash. However, this money doesn’t earn any interest but can be withdrawn at any given time with no penalties. You can enter online or on the phone if you are 16 or over and can invest anything from £100 to £50,000. People ages 17 to 22 can invest in premium bonds as it’s a better opportunity to win some extra cash that they can save. They could also use Direct ISA’s. An ISA is an individual saving account which allows individuals to hold cash, shares, and unit trusts free of tax on dividends,
introduction to accountant
TASK - 1.................................................page 1-4 TASK - 2...............................................page 5-7 TASK - 3...............................................page 8-9 TASK - 4...............................................page 10-12 TASK - 5...............................................page 13-14 TASK - 6...............................................page 15-23 TASK - 7................................................page 24-32 TASK -8.................................................page 33-38 TASK - 9................................................page 39-43 TASK - 10...............................................page 44-48 Bibliography And Sources I have used............page 49 Task-1 Acknowledgement: I would like to be grateful to my teacher for helping me out in this assignment. Introduction: For this assignment my aim to give advice to someone who is unsure about what is required and cannot see the purpose of maintaining accounting records. Basically, this person is one who does not understand the value of Account and its purpose. What is an accounting? An account is to be defined as the skills or practice of maintaining accounts and preparing reports. And the purpose is to aid financial control and Management of a business. Book keeping: Book keeping is the process of recording in books of account or on computers the
Autralia's Retail Loan Rate Changes
. INTRODUCTION Retail lending is the practice of loaning money to individuals rather than institutions (Investorglossary, 2008). Banks, credit unions, savings and loans institutions, and mortgage bankers are all examples of retail lenders. Retail lenders are used generally for lending money for mortgages, auto loans and consumer-finance loans (Investopedia, 2008). It is the first time in Australia, over a decade that commercial banks have increased their variable rates independent of a hike in official rates. With automation comes the danger of rapidly magnifying problems, as with the 2007 U.S. Mortgage Debacle, inflation contraction, etc (Rmaaustralia, 2008). A widespread shock in Australia in January when ANZ became the first bank to raise rates beyond the Reserve Bank's rises. The other banks soon followed, making dent after dent in the household budgets of millions of mortgage holders. During that period, the major banks increased their share of the lending market even though they raised their standard variable loan rates in April and July independently of the Reserve Bank of Australia, which raised its rates twice, in February and March (Theage, 2008). The banks have been warning for months that they could not absorb increased borrowing costs that have flowed through global credit markets after the U.S. subprime mortgage crisis, and have already increased some
Sources Of Finance
Organisations in the private sector are split into four types of ownership structures, these are a sole trader, partnership, private limited company and a public limited company these businesses essentially need finance for many different reasons, these may be for long term or short term uses. The main types of financial backup that is needed for businesses are for starting a business up, expansion and development or maybe the business has just run out of money that is needed for it to be successful. There are many sources of financial help an organisation can turn to for funding and can be different depending upon the business ownership and structure as some are more appropriate for the need of the business than others. These are categorised as the providing of the financial fund can be obtained within the business and out side the business. Internal sources-These are the main types of financial help that most businesses can get access to freely. Limited companies use these more than other business ownerships. * Personal savings * Sale of assets * Retained profit * Working Capital External sources Ownership capital * Shareholders Non ownership capital, financial sources that are not shareholders. * Loans e.g. debentures * Overdraft * Hire purchase * Grants * Venture capital * Leasing A sole trader is the simplest and easiest type of business to set up as
DIvidend Policies and Financing
.0 Introduction Dividend policy refers to the decision made by the company whether to retain the profits within the company, or they pay out the profits to the owners of the organization in the form of dividends (Garrison 2008). Once the company decides on whether to pay dividends, they may establish a somewhat permanent dividend policy, which may in turn impact on investors and perceptions of the company in the financial markets (Garrison 2008). What they decide depends on the situation of the company now and in the future. It also depends on the preferences of investors and potential investors (Garrison 2008). When deciding on the dividend policy, several factors such as legal constraints, contractual constraints, internal constraints, growth prospect, owner's considerations and market considerations have to be taken into account. Considerations taken into account can be incorporated in several dividend theories such as the residual theory of dividends, the clientele theory, the signalling dividend theory, the bird-in-the-hand theory and Modigliani and miller dividend theory. Manufacturing overseas can reduce costs due to its cheap labour costs but there are other considerations that have to be taken into account. There are pros and cons for manufacturing at overseas. Company's capital structure refers to the way a corporation finances its assets through some
In this section I am going to be looking at various life stages and the financial requirements Financial Life stages are groups that people go through as the grow bigger financially The life stages are: School age youth (0-16) Teenagers and Students (
Task 1 Introduction In this section I am going to be looking at various life stages and the financial requirements Financial Life stages are groups that people go through as the grow bigger financially The life stages are: School age youth (0-16) Teenagers and Students (17-22) Post- education / pre - families (23-30) Young families (30-40) Established families (40-50) Mature household (50-60) Retired pensioners (60+) School age youth (0-16) People in this group are young children that are still at compulsory education which means they will not need any big loans from bank to pay off any expenses e.g. University fees, although their parents might want to set up a savings account for them for when they grow up. Their parents and guardians will also support them so they should be responsible for any of their financial needs. Teenagers and Students (17-22) Teenagers and students from the age of 17 to 22 are quite different from the school age youth. This is because they are no longer at compulsory education and their financial needs have increased so their parents or guardians may support them less financially, because they will be expected to get a job. This means they will need to open a bank account so that when they do get in to the world of work their salary can be paid directly to the account. There are lots of financial services available to teenagers and
