McDonalds are independently owned and operated. It's a franchise which means you basically buy the name, brand, and make money off of it.
Barry’s Butcher And Dhillon Supermarket are being run by 2 people so it’s a partnership A partnerships is between two and twenty people of course this business is only being run by two people, so it’s a partnership. Before when two people setting up a business together they are drawing a deed of partnership. A deed of partnership is to protect both of the partners from debts so they are having their own agreements to prevent from this happening. So if one partner runs a big debt his partner can be asked to pay it off.
The purpose of this business is to make a profit and then share it with each other. And that the deed of partnership will remain for a several years.
Size and Scale
This business is a local business. There are only 4 Employees in this business so it is a micro business. This business serves only the local people.
There are 2 owners in this business because it’s a partnership. The owners are Barry from the Butcher and Dhillon from the super market.
Tesco plc is a UK-based international grocery. It is the largest British retailer. Tesco is a PLC (public limited company). A public limited company is a type of limited liability company in the United Kingdom which is permitted to offer its shares to the public. A public limited company must include the words "public limited company" or "plc".
The purpose of this business is to make a profit and provide services to the local people
Size and Scale
There are more than 2400 employees. There are more than 23+00 Tesco supermarkets around the world. So it is a large business and it is global as well. ()
David Reid is the chairman from Tesco’s
There is only 1 owner in this business. The owner of this newsagent is a sole trader, so he is on its own. A sole trader is able to work in a area which they have interest in.
The disadvantages of being a sole trader is when you are in debts you might have to pay up your own personal belongings.
A sole trader purpose is to make a profit, but they might to that by working in long hours, so they got a little time to take a holiday, because if they go for a holiday, which last long the sole trader might lose money.
Size and Scale
This business serves only the local people. This business is a very small business. There is only 1 employee in this business so it is a micro business.
The Sole trader who made this business owns this business.
Here's what a star student thought of this essay
Quality of writing
The essay is structured well, with clear subheadings. However, it becomes incoherent at times with the grammar being incorrect. For example "Before when two people setting up a business together they are drawing a deed of partnership" makes no sense. Also, I have a query with the formality of this essay. It tends to be very colloquial, and this is not to be advised for a formal piece of coursework. The outline is there with this essay, but there is plenty of work to be done!
Level of analysis
This essay is able to display knowledge throughout the essay, but lacks any real analysis. For example, it is able to note that McDonalds is a franchise, yet there is no clear explanation of what this means. I would've liked to have seen the essay explore what a franchisor offers to help set-up, other than the brand alone. To add to this, this essay could've explored a few ways the franchisee pays the franchisor. This ranges from percentage of revenue, percentage of net profit to a fixed fee, so there is plenty of scope to explore here. The same can be seen for all sections of this essay - if the terms were explained rather than just stated, the analysis would've have been much stronger. It was nice to see they posed a disadvantage of being a sole trader. Simply offering advantages and disadvantages at GCSE level is a great way to gain marks, as it shows understanding and application.
Response to question
This essay ably picks a variety of businesses, using McDonalds, Tesco and a couple of local firms, yet the description is incredibly brief. There are a wide range of terms used in this essay, such as franchise, PLC, sole trader, etc. If this essay had elaborated on these concepts, it wouldn't have been too hard to achieve harder marks.