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Btec Business Level 3 Unit 1 P1

In: Business and Management

Submitted By unkown111
Words 1175
Pages 5
Name: Arsalan Anwar

Business level 3

Unit 1: P1

Introduction:

In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in.

Introduction of Tesco

Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years. It has over 2000 stores around the world and it is employing nearly up to 300,000 people which proves that it is a global organisation.

Sector of the economy Tesco operate

Tesco operates in the tertiary sector which is also know as the service sector and is one of the three main economy sectors, the tertiary sector is something which involves providing a service or product to customer. Some services may involve sales of goods such as food and electronic gadgets to consumers. The products which Tesco provided within there stores are food, books, games ect.. but they don’t not only provided products they also provided services such as car insurance, loans and mobile contracts ect.. This means that Tesco as a retailer which provides a wide range on products and services within there store at competitive price which inter means that it has become a successful company.

Purposes of Tesco

The main purpose of Tesco is to make profit by selling different types of products and services, the products which Tesco provided within there stores are food, books, games ect.. but they do not only provided products they also provided services such as car insurance, loans and mobile contracts ect.. which intern means Tesco is profit making organisation, a profit making organisations primary goal is to make money by selling goods and services unlike a non profit organisation which focuses on helping the community and is concerned to make enough money to help the organisation run and help people such as Oxfam.

Tesco type of ownership

Tesco is a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company which intern means that if Tesco every goes in debt the investors will not need to pay it off.

Introduction of Cancer Research

Cancer research is one of the world’s largest independent charity organisations which is dedicated to the research of cancer. Cancer research global organisation which operates mainly in the UK but have many stores outside the UK also it is a charity which has spend over £300 million on the research of cancer. Cancer research is a non profit organisation which means that it does not make any profit to spend on them self but it uses the money which it gets to research about cancer. Also cancer research don’t focus on finding a new treatment or developing a new drug but instead they want to understand what makes cancer cells different from normal cells

Sector of the economy cancer research operate

Cancer research is in the tertiary sector which provides services to cancer patents and the public, some of the services they provided are to diagnose people to find if they have cancer or not so intern this means they are providing a service to someone but due to the fact they are a charity they do not earn any money from it for themselves.

Purposes of cancer research

The purpose of cancer research is not to find a new treatment or developing a new drug but instead they want to understand what makes cancer cells different from normal cells so intern they can find out how to prevent it, so by doing this they are trying to improve the lives of cancer patients without making money for they service they provide due to the fact they are a non profit organisation.

Cancer Research type of ownership

Cancer research is a charity which means it is a organisation which operates for a charitable purpose such as cancer research which operates to help people with cancer, due to the fact cancer research is a charity it means it does not give any part of the income generated for the benefits of bosses or members of the organisation which intern means it is a non profit making organisation.

Similarities between Tesco and Cancer Research

Both are well know globally, Tesco has a number of stores around the world such as the UK, cancer research also is know around the world because of its world class research to find a cure of cancer. Also both have a global impact, Tesco for example has major impact on farmers around the world most poorer farms live on Tesco’s demand for their crops. Cancer research also has a major impact on the people’s attitude towards cancer and cancer research also has a impact on the patients who are waiting for a cure for cancer

Differences between Tesco and Cancer Research

Both have different ownership one is a public limited company which means anyone can buy shares of the company and Tesco main purpose is to make as much profit possible. Cancer research is a charity which does not provided services for profit but do it to help people instead. Also Tesco main objective is to maximise its profit and expand around the world unlike cancer research whose main objective is to find a cure for cancer.

Conclusion

In conclusion I have written a report on Tesco and Cancer research within this report I have explained the purpose and ownership of Tesco and cancer research also I have explained which sector of the economy Tesco and cancer research are in within my report.

References

http://www.tescoplc.com/index.asp?pageid=276

http://www.investorwords.com/2816/limited_liability.html

http://www.businessdictionary.com/definition/for-profit-organization.html

http://info.cancerresearchuk.org

http://www.businessdictionary.com/definition/charitable-organization.html

BTEC Level 3, Book 1, Edexcel, by John Bevan/ Helen Coupland-smith/rob Dransfield/John Goymer/ Catherine Richards

BTEC Level 3, National in business, Unit 1 business environment, by Ben Owusu Domfeh

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The shaded areas are the places that the Tesco stores are based around the world

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