2020 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1

2020 (DISTINCTION*) Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1 Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1: Exploring Business- Assignment 1 Learning Aim: A: Explore the features of different businesses and analyse what makes them successful B: Investigate how businesses are organised Assessor: Suzanne Sharples Assignment title: Features contributing to the success of contracting businesses Introduction This assignment has been studied for a Public limited company and a non-profit organisation, which therefore is Tesco PLC and Cancer research UK has been chosen. The characteristics of these two successful companies will be carefully explored. Therefore, an introduction will be implemented which will be contrasted with the following ownership and liability, company establishment, liabilities, purpose and industrial sector of the two companies. 1/A.P1 Explain the features of two contrasting businesses Summary Cancer Research UK is a non-profit organisation a registered charity. A non-profit organisation like Cancer Research is an organisation that doesn't receive cash for its owners has an objective like donating cash to social causes. A non-profit organisation has much more to do than just make profit. The characteristics of a non-profit organisation are that it is not based on the concept of profit making. Although it is certainly a significant consideration to make as much cash as possible (to have the greatest possible resources to offer individuals in need too). A nonprofit organisation like cancer research is focused on offering as much social assistance as possible. A non-profit organisation is fun, not for private gain, for the advantage of the 2 Farhaan Muhammad BTEC level 3 public. They're not out there to make a profit, so they get additional government support that includes tax exemption, so they don't have to pay taxes. The purpose of Cancer Research UK is to provide efficient cancer research and to attempt to increase awareness. Established in February 2002. Cancer Research UK attempts to define causes and create prevention, diagnosis, therapy, and cure strategies. The non-profit organisation was established by forming the campaign for cancer research and the Imperial Fund for Cancer Research. The organisation per annum reaches around £634.81 million. Ownership and liability Cancer research is clearly a non-profit organisation out of the three company sectors (public, private and non-profit). This means its organisation with the aim of doing something socially good instead of just making a profit. They are getting funded, raising cash, and accepting donations. Cancer research as a UK registered charity, is a charity that works for charitable purposes and must devote its resources and resources to charitable operations. The charity must be resident in the United Kingdom and cannot use their revenue to help their trustees. As a charity, the benefits they receive should not be used for their members ' private use. There are trustees in a registered charity, such as cancer research, considered as the equivalent in a public limited company as a shareholder. These trustees form a charity's governing body. The trustees are the people who make the large choices. They have a legal function to guarantee that revenue from the organisations is well spent, in the correct manner, and that any debts are evident. Trustees generally select a board of directors for charities, which is headed by a chief executive, just like a PLC. As a registered charity, cancer research is responsible for the misuse of donation money they are caught. That's the trustees ' job of making sure the money is given to a good cause, not for personal use or gain. Therefore, another responsibility would be to ensure that for any reason the organisation is not fined or in trouble. This is the responsibility of the trustees, as they also regulate the company by the authority. This leads to the liability of the charity if it went to a loss it would mean losing all of the money which was funded towards the charity. Purpose The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to the dilemma of life loss through cancer form. Being a globally renowned charity, they can alternate the lives of so many unfortunate individuals across the entire world. One goal that UK cancer research has is to provide the world with a secure, cancer-free future. By providing sustainable programs, public education and multiple campaigns to help raise awareness, Cancer Research UK is trying to fulfil these goals. By doing all this, they want to achieve innovative and practical ways of learning from or working with other organisations on a much wider scale. The vast advances in the fight against cancer have been recognized by Cancer Research UK. Less than a quarter of people diagnosed survived in the 1970s, another last 40 years, survival has more than doubled, a half will know how to survive. The ambition of cancer