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the private sector. Other purposes Ownership
include: Tesco is owned by thousands of
History shareholders around the world; this is
Build a brand image through because Tesco is a PLC and is owned by
1919 - Tesco was founded by Jack Cohen marketing is an important shareholders who invest into the
purpose of the business because company. The shareholders of the
1924 - Tesco tea was the first product that is what customers will know company appoint directors to manage
sold. the company as. their interests. The directors control the
Shareholders are important to the interest of the shareholders.
1930 - Started expanding London company therefore it is important
suburbs that is makes a profit and returns Advantages
dividends to them. Not affected by death if one of its
1960 - Started selling household goods Expand into other markets and shareholders die.
and clothing. strengthen global presence. Can sell shares on the stock
Continue to invest in online exchange which will allow it to
1973 - Opened a new head office in business. raise more money than other
Chestnut called ‘New Tesco House’ Rewarding customers (vouchers, types of businesses
gift card etc.) this is to build Shareholders have ‘limited
Activities loyalty; this is the ‘club-card’ liability’ which means that they
scheme. can only lose the money that they
Become and remain the market have invested; Tesco will not go
Sell groceries such as breakfast
leader. bankrupt by this.
products, tinned food etc.
Well know clothing range called Won’t be forced to sell personal
The main purpose of Tesco is to create a possessions if in debt
F&F which can be bought online
profit by selling their products to (shareholders)
and in stores.
customers. They also do this by No limit to amount of
Wide range of electrical products
maximising sales of products. Tesco shareholders.
sold to customers.
offers a wide range of products and
Also provides a wide range of
services from groceries, household
services such as, insurance and Disadvantages
products to clothing and insurance
banking. Have to publish their accounts;
(travel). Tesco is the tertiary sector
which means that it provides services to therefore competitors can see
Purpose customers around the globe; Tesco also them.
distributes products to other businesses Have to pay ‘dividends’ to their
The purpose of Tesco is to sell products e.g. wholesale and transportation. shareholders. Which means that
and turn over a profit. It is important for the profits are cut.
Tesco to make a profit because it is in
Kevin Hyman Business Level 3 Unit 1 Assignment 1
the private sector. Other purposes Ownership
include: Tesco is owned by thousands of
History shareholders around the world; this is
Build a brand image through because Tesco is a PLC and is owned by
1919 - Tesco was founded by Jack Cohen marketing is an important shareholders who invest into the
purpose of the business because company. The shareholders of the
1924 - Tesco tea was the first product that is what customers will know company appoint directors to manage
sold. the company as. their interests. The directors control the
Shareholders are important to the interest of the shareholders.
1930 - Started expanding London company therefore it is important
suburbs that is makes a profit and returns Advantages
dividends to them. Not affected by death if one of its
1960 - Started selling household goods Expand into other markets and shareholders die.
and clothing. strengthen global presence. Can sell shares on the stock
Continue to invest in online exchange which will allow it to
1973 - Opened a new head office in business. raise more money than other
Chestnut called ‘New Tesco House’ Rewarding customers (vouchers, types of businesses
gift card etc.) this is to build Shareholders have ‘limited
Activities loyalty; this is the ‘club-card’ liability’ which means that they
scheme. can only lose the money that they
Become and remain the market have invested; Tesco will not go
Sell groceries such as breakfast
leader. bankrupt by this.
products, tinned food etc.
Well know clothing range called Won’t be forced to sell personal
The main purpose of Tesco is to create a possessions if in debt
F&F which can be bought online
profit by selling their products to (shareholders)
and in stores.
customers. They also do this by No limit to amount of
Wide range of electrical products
maximising sales of products. Tesco shareholders.
sold to customers.
offers a wide range of products and
Also provides a wide range of
services from groceries, household
services such as, insurance and Disadvantages
products to clothing and insurance
banking. Have to publish their accounts;
(travel). Tesco is the tertiary sector
which means that it provides services to therefore competitors can see
Purpose customers around the globe; Tesco also them.
distributes products to other businesses Have to pay ‘dividends’ to their
The purpose of Tesco is to sell products e.g. wholesale and transportation. shareholders. Which means that
and turn over a profit. It is important for the profits are cut.
Tesco to make a profit because it is in
Kevin Hyman Business Level 3 Unit 1 Assignment 1
