A.P1 Explain the features of two contrasting businesses.
In this part of the assignment, I’m going to analyse and explain the features of two
contrasting businesses. I have chosen Tesco and Starbucks.
TESCO
Tesco plc, trading as Tesco, is a British multinational groceries and general merchandise
retailer with headquarters in Welwyn Garden City, Hertfordshire, England, and United
Kingdom. Tesco is the largest British retailer and is also the world’s third-largest retailer
in the world measured by gross revenues and the nine largest in the world measured by
revenues. Largest grocery retailer with outlets across Europe, USA and Asia. The
business began in 1919 with one man, Jack Cohen, selling groceries from a stall in the
East End of London. In the UK Tesco now has over 2,200 stores ranging from the large
Extra hypermarket style stores to small Tesco Express high street outlets. Tesco’s
original product range of grocery and general merchandise has diversified to include
banking, insurance services, electrical goods as well as telephone equipment and
airtime.
OWNERSHIP
Tesco is a PLC ownership which stands for public limited company. Also known as the
for-profit sector and activities outside the public sector organizations and businesses that
provide services and products based on market demands for a cost with the purpose of
producing a profit for owners and shareholders in the organisations. Tesco is owned
through shares traded by Stock Exchange, this enables the public to buy shares and own
them for as long as they want or even sell them on for profit, floating Tesco as a PLC has
helped them as its been able to dramatically grown and in the longer terms make huge
profits which has been one of their aims.
LIABILITY
Tesco have a limited liability for the shareholders, the business can raise a large capital
sum as there is no limit to the number of shareholders. The disadvantages are Tesco
cannot make business decisions instantly because they need to confront company
directors and major shareholders and the business can be taken over if somebody buy
51% of shares.
TESCO PURPOSE
Tesco was built with a simple mission – to be the champion for customers, helping them
to enjoy a better quality of life and an easier way of living. Customers want great products
at great value which they can buy easily and is Tesco’s job to deliver this in the right way
for them. Also, their main purpose is to create value for customers to earn their lifestyle
loyalty, maximise profits, provide goods and services that are cheap and affordable to the
general public, maximise sales, grow and maintain the number one on retail in the UK
and outshine competitors and remain the market leader.
BUSINESS SECTOR
Tesco's belong to the tertiary sector because it does not make products as such, it buys
products in from the primary and secondary sectors but it mainly provides a valuable
In this part of the assignment, I’m going to analyse and explain the features of two
contrasting businesses. I have chosen Tesco and Starbucks.
TESCO
Tesco plc, trading as Tesco, is a British multinational groceries and general merchandise
retailer with headquarters in Welwyn Garden City, Hertfordshire, England, and United
Kingdom. Tesco is the largest British retailer and is also the world’s third-largest retailer
in the world measured by gross revenues and the nine largest in the world measured by
revenues. Largest grocery retailer with outlets across Europe, USA and Asia. The
business began in 1919 with one man, Jack Cohen, selling groceries from a stall in the
East End of London. In the UK Tesco now has over 2,200 stores ranging from the large
Extra hypermarket style stores to small Tesco Express high street outlets. Tesco’s
original product range of grocery and general merchandise has diversified to include
banking, insurance services, electrical goods as well as telephone equipment and
airtime.
OWNERSHIP
Tesco is a PLC ownership which stands for public limited company. Also known as the
for-profit sector and activities outside the public sector organizations and businesses that
provide services and products based on market demands for a cost with the purpose of
producing a profit for owners and shareholders in the organisations. Tesco is owned
through shares traded by Stock Exchange, this enables the public to buy shares and own
them for as long as they want or even sell them on for profit, floating Tesco as a PLC has
helped them as its been able to dramatically grown and in the longer terms make huge
profits which has been one of their aims.
LIABILITY
Tesco have a limited liability for the shareholders, the business can raise a large capital
sum as there is no limit to the number of shareholders. The disadvantages are Tesco
cannot make business decisions instantly because they need to confront company
directors and major shareholders and the business can be taken over if somebody buy
51% of shares.
TESCO PURPOSE
Tesco was built with a simple mission – to be the champion for customers, helping them
to enjoy a better quality of life and an easier way of living. Customers want great products
at great value which they can buy easily and is Tesco’s job to deliver this in the right way
for them. Also, their main purpose is to create value for customers to earn their lifestyle
loyalty, maximise profits, provide goods and services that are cheap and affordable to the
general public, maximise sales, grow and maintain the number one on retail in the UK
and outshine competitors and remain the market leader.
BUSINESS SECTOR
Tesco's belong to the tertiary sector because it does not make products as such, it buys
products in from the primary and secondary sectors but it mainly provides a valuable
