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…...

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