tesco ownership
Tesco's Ownership Unlike Lakhani Motor Group which is owned by several partners, Tesco is owned by thousands of people. This is because Tesco is a public limited company or Plc. The reason for Tesco being a Plc is because of its mammoth size. Due to its size it would be hard to raise enough funds for Tesco if it was owned by a sole trader or by partners whereas in a Plc (like Tesco) the company is owned by shareholders who fund the company. This happens by the people buying shares in the company and becoming shareholders. Sometimes this may seem more appealing to the people investing in a company as they have the luxury of having limited liability. Limited liability is where if the business goes bankrupt the people only lose whatever they invested in the business this is common with Plc's, Ltd's (Private limited company) and . Unlimited liability is where if a business goes bankrupt the money invested by the sole trader or by the partners is lost and to recover the debts owed their personal assets (their personal money and buildings like houses owned) would also be lost. The shareholders make their money by selling their shares back to the company for a higher price than they bought it for, and earning dividends. The company makes its money from the shareholders investing their money 'in the first place.' Advantages and Disadvantages of a Plc Advantages Disadvantages
Explain different types of business information, their sources and purposes for Sainsburys.
[Type text] Business communication P1 Assignment P1 In this assignment I will be explaining the different types of business information in my chosen business. The organisation that I have decided to investigate is JS Sainsbury’s, I have chosen to analyse Sainsbury’s because they are a respectable business and one of the most successful supermarket chains in the United Kingdom. I will also be talking about how businesses communicate using this information and the different types of communication. The organisation that I have decided to investigate is JS Sainsbury’s, I have chosen to analyse Sainsbury’s because they are a respectable and successful supermarket chain, who own almost twenty per cent of the market. Businesses communicate by sharing information. Information is data that is accurately and timely. It is specifically organized and is presented within a context that gives it meaning and relevance, and that can lead to an increase in understanding and decrease in uncertainty. Communication is the exchange of thoughts, messages that occur because they are sources of information. It is vital that businesses communicate efficiently, in order to do a variety of things such as buying stock and selling goods these two examples of information sources can both be verbal and non-verbal. Businesses need information to be successful, and that information can come
Skills and Knowledge Needed to Work In A Business Environment
Victor Stephenson-Henshaw Unit CU678 EDI Level 2 Certificate In Principles Of Business And Administration Unit CU678 – Work In A Business Environment Victor Stephenson-Henshaw Assessor – Rob Allen ________________ Understand How To Respect Other People At Work ,1 Describe What Is Meant By Diversity And Why It Should Be Valued Diversity can be differences in race, belief systems, physical appearance, mental capabilities, etc. It is also a variety of something such as opinion, colour, or style. Diversity should be respected and valued because not everyone is completely the same even in the example categories; they are not the same as everyone else. Some people like to eliminate what is dissimilar. Our opinions can lead to environmental problems such as violence and hatred because of diversity being a key ingredient to a good and safe environment. Everyone in the workplace is treated equally. Every individual has a unique something to offer and this can help the company. Diversity should be valued because without diversity, the company or the people at the work environment wouldn’t have knowledge on other cultures this can be helpful to the company as it opens the company or people to experience a different perspective other than the usual culture. Diversity should be valued because in case a unlawful discrimination may cost the company if
NVQ2 Business and admin assessment 1. Know the employment rights and responsibilities of the employee and employer
Business and Administration Unit one: Principles of personal responsibilities and working in a business environment Assessment You should use this file to complete your Assessment. . The first thing you need to do is save a copy of this document, either onto your computer or a disk 2. Then work through your Assessment, remembering to save your work regularly 3. When you’ve finished, print out a copy to keep for reference 4. Then, go to www.vision2learn.com and send your completed Assessment to your tutor via your My Study area – make sure it is clearly marked with your name, the course title and the Unit and Assessment number. Please note that this Assessment document has 8 pages and is made up of 7 Sections. ________________ Name: Deanna Meadows-Taylor ________________ Section 1 – Know the employment rights and responsibilities of the employee and employer . Identify four main points that would be included in a contract of employment. If possible, use an example contract to support your answer (feel free to obscure any confidential information). Place of work Employees Name Job Title Start Date 2a) List three key points of legislation that affect employers in a business environment. Data Protection Health and Safety Equality 2b) List three key points of legislation that affect employees in a business environment. Employment Rights and
Does the increasingly global nature or business mean that all organisations need to change their strategies significantly to achieve higher profits?
Exam Question June 2011: The business world is becoming increasingly global. As a result of this, many companies, such as Costa Coffee and Dyson, have changed their strategies in relation to the markets they target or where they produce. Does the increasingly global nature or business mean that all organisations need to change their strategies significantly to achieve higher profits? Justify your answer with reference to Costa Coffee, Dyson and/or other organisations that you know. (40 marks) The world is becoming a smaller place due to globalisation. It has helped communication around the world making everyone more connective. Companies all of a sudden have access to different countries and have more potential to grow and expand as developing countries have recently under gone rapid growth and industrialization causing new emerging market businesses can enter. This has put pressure on Weston business to expand into theses new regains because if they don't expand they would not be able to compete with competitors increase in expansion and corporate power. Looking at Gap Inc I discovered that they changed their Ansoff Matrix strategy in order to expand and grow. Gap Inc decided it would be best to use the strategy market development, this is where a
Unit 1 M1- How stake holders affect your chosen organisation
In this report I will be investigating how Cadbury keep their stakeholders happy and meet the needs of their stakeholders. Stakeholders are people who have an interest in the decisions that businesses make. The stakeholders that I will be investigating are customers, workers, trade unions, suppliers, shareholders, government, and pressure groups. Customers: Cadbury's customers want high quality confectionery products. They want these products to be of high quality as they are spending their money on the products. Customers want the money they spend on purchasing these products to be worth it and that the quality they receive from the amount they have paid to be of a high standard. Cadbury respond to this need by making sure to produce high quality confectionery products which can be easily purchased in many stores. Cadbury's business objective of 'Sustainability' is influenced by the customer stakeholder. This is because part of this objective is 'to prioritise quality and safety' this means to make sure that the chocolate in safe to eat and is of high quality. Workers Cadbury's workers want regular work and pay, Good wages for the work and hours they do, and to be treated equally and fairly to other workers. They want this because they are working for the organisation and anybody working deserves these rights. When workers feel that they are not receiving what they
Richer Sounds. Analysis of structure, job roles, personal attributes and team working.
Task: 7 RICHER SOUND In this particular task, I am going to compare two organisations where one will be Betta Value Stores and the other is Richer Sound. While comparing these two organisations I am going to look at their structure, job roles, personal attributes and team working and I have written all this in Betta Value Store earlier in my other task and now I am going to do same aspects for Richers Sounds. Introduction: Richer Sounds is in the private sector and was first opened in London in 1978 and was started by Julian Richer in the age of 19. Then Richer Sound became a private limited company to gain the benefits of limited liability. Richer Sounds store sell hi-fi separates, home cinema equipments, plasma screen and LCD screen TVs, DVD and MP3 players, amplifiers, DJ gear and other types of related accessories. They have given all details of their product on their website which is www.richersound.co.uk. Where it also tells that any customer can buy the product direct from store, by mail order or from internet (website of richer sound). One reason of becoming Richer Sound a limited company is because of buying audio separates to keep in stock cists money and without liability then any financial problems would have meant that the owner, Julian Richer would have been in such a big trouble or have been personally liable for any debts. The size of Richer Sounds is
Creative Product Promotion
Introduction In this task I have been requested to select a business of my preference. I have been asked to describe the promotional mix used by two selected organisations for a selected product/service. I have selected to analyse a company called Sony-Ericsson which is a global market leader with regard to electronics and the various marketing strategies they apply to the products they manufacture. The product that I will be looking into will be the Sony T630 mobile phone. The Promotional Mix Promotional Mix is the term used to describe a set of tools that an organisation uses to communicate effectively the benefits of its products to its customers. These tools include: * Advertising * Public relations * Sales promotions * Direct marketing * Personal selling * Corporate image * Exhibitions * Sponsorship I will now describe the promotional mix used in this campaign. Advertising This campaign is advertised on, billboards, and on the internet. Different types of advertising are aimed at different people. Advertising can reach a large and widely distributed audience. For example, this campaign is advertised on TV; therefore this campaign will be seen by a massive amount of people throughout the country. Also, billboard advertising maybe aimed at people who drive and when say for example you're driving home from work, your eyes might be drawn to this
There are two main types of customer in the travel and tourism industry. These are internal customers and external customers.
Task A Introduction to customer service Customer service plays and important role in running any company, particularly in the travel and tourism industry. If customers receive good customer service hey will be happy and as a result they will keep using the company/organisation. Therefore, the company receives more business and in return make a decent profit. Good customer service involves working to customer need, Speaking on a respectful level sufficient product knowledge, being understanding to customers and remaining impartial, well trained staff, dealing with customer complaints promptly and efficiently, patience, providing alternative products or refunds, appearance (looking presentable), having good communication skills and working as a team. Bad customer service can contribute to customer dissatisfaction. Bad customer service involves poorly trained staff, being patronising to guests, ignoring the customers need. Ignoring customers valid complaints, having limited products available, providing a dirty and unclean environment, having a negative attitude towards customers and having a poor appearance which is unacceptable and unprofessional. Types of customers There are two main types of customer in the travel and tourism industry. These are internal customers and external customers. Internal customers are members of staff within an organisation or outside suppliers
Describe how to identify the target market for your coffee shop.
Unit 10 A 2 P 2 Describe how to identify the target market Business Idea My business idea is the Coffee Shop, as the name suggests I would sell the coffee under the name "Coffee Paradise". The Coffee Shop would be a new creation, so completely new business set-up would be required, not replacing existing one or franchise. As I said my business name would be "Coffee Paradise", this will be brand new business. I do not want change some existing business into my paradise because the costs of it could be much higher than it's worth it even if some benefit of it would be somehow already prospering coffee shop. I want my business to be mine from the beginning and in this case I choose to set-up a new business from the foundations to make it exactly as I want it to be - look, place, staff. In order to find if my business is going to a success I have to assess the suitability of my product and whether the plans fit the situation I will put my business into. My coffee shop will be a small business, which will operate as a sole trader, so I have to think about what type of risk I will be taking by setting up the business. I also have to consider whether my plans can actually work in practice and whether I considered all the factors, for example: are the funds available or will my coffee shop be able to deal with the competition in surrounding area. Business Objectives The
