Name: Unit 1 - Assignment 1
DISCLAIMER: If you’re going to copy and paste my work, I suggest you get a
paraphrasing tool to re-word so that you don’t get caught with plagiarism
and also shift the paragraph so it doesn’t look identical to mine and also do
not share this specific work with another classmate.
Introduction
In this assignment I will be researching and investigating what makes a
business successful and how they make themselves successful. I will do this by
comparing and analysing two contrasting businesses to see how each business
is run, what their main purpose is and what makes them more successful or
unsuccessful.
Initial Research
MacMillan Cancer
MacMillan Cancer is a private company with limited liability this means that
when the type of investment in which an investor or a partner cannot lose
more than the amount that they have invested in, therefore they are not
responsible for paying any types of debts. It is a not-for-profit business this
means whatever money they make it is for them to survive but not make a
profit, any money made as a profit gets put back into the business for their
own use. Their purpose is to provide help and advice to people who have been
diagnosed with cancer to prevent cancer. They operate in the tertiary sector
which means they are providing a service to people who need it. They operate
all over the UK which makes them a national company. MacMillan have over
250 members of staff which makes them a large company or business.
Emmaus
Emmaus is an LTD which stands for Private Limited Company which has with it
limited liability which means that when the type of investment in which an
investor or a partner cannot lose more than the amount that they have
invested in, therefore they are not responsible for paying any types of debts. It
is a not-for-profit business this means whatever they make it is for them to
survive but not make a profit, any money made as a profit that is made gets
put back into the business. Their purpose is to help get people off the street
and get them back into housing with jobs to maintain their position and so that
they can get on with life successfully. They operate in the tertiary sector by
providing reliable services to people, they are an international company as
they operate in more than one country and because of this they have more
,Name: Unit 1 - Assignment 1
than 250 members of staff which makes them a large company or a business
and their aim is to reduce the amount of people being homeless.
Suffolk Mind
Suffolk Mind is an LTD which stands for Private Limited Company which has
with it limited liability. It is a not-for-profit business because they aim to make
enough money to survive but not make a profit, any money made gets put
back into the business. Their purpose is to provide mental health support for
people in the local community and give them the best service available for
them. They operate in the tertiary sector which means they are providing
services to people; they are based on a local scale in Suffolk which suggests
that they are a small company as they don’t have more than 50 members of
staff that work for them. Their main aim is to make the mental health of the
local community better.
Help For Heroes (HFH)
HFH is a private company, and it has limited liability. It is a not-for-profit
Business because they aim to make enough money to survive but not make a
profit, any money made gets put back into the business. Their main purpose is
to help provide better facilities and accessories for service men or women who
were injured in the line of duty. They operate in the tertiary sector by
providing services to people, they are a national business as they operate in
the whole of the UK. They operate in the tertiary sector which suggests that
they are providing a service and equipment to people. They are a large
company or business as they have over 250 members of staff.
The Suffolk Food Hall (SFH)
The Suffolk food hall is a private limited company. Their main aim is to make a
profit rather than a loss. Their purpose is to provide high quality foods and
products to its customers and be able to satisfy them. They operate in the
Tertiary sector. This is because as well as making some of their food products
they also buy in from smaller local companies; this is very important for the
company. They only have one store which is located under the Orwell bridge in
Ipswich, making them a local shop. They are also a medium company; this is
because they have over 50 members of staff.
Poundland
Poundland is a private limited company, its main aim is to make a profit and
advance their company. Their purpose is to sell affordable products at a low
,Name: Unit 1 - Assignment 1
price of £1 and other accessories for less than £5. They operate in the tertiary
sector as they don’t make their own products, only provide a service to sell
other companies products to customers or consumers. They have over 500
stores located around the UK; this makes them a large company or business,
overall, they have 250 staff members working for them.
Pandora
Pandora is a public limited company. Its main aim is to also make a profit and
improve their products and services provided to their customers. Their
purpose is to provide high end jewellery to their customers, they also provide a
fitting and cleaning service on top of their sales. They operate in the tertiary
sector because they sell their products, but they also operate in the secondary
sector because they design and create the products that they sell to their
customers. They operate all over the UK which makes them a national
company, they also have over 250 members of staff which makes them a large
company.
Fred Olsen Travels
Fred Olsen Travel is a Public limited company which also stands for PLC. It aims
to provide high quality holiday sales and cruises to its customers, while making
a profit for itself. They operate in the tertiary sector by selling a service to its
customers. They operate in multiple countries, so they are an international
company and employ over 250 members of staff, making them a large
company or business.
Selection of two Business and why I have chosen them?
The two businesses that I have chosen are Marks and Spencer which is a retail
business and Oxfam which is a charity business. The reason why I have chosen
these two businesses is because one is for profit which is Marks and Spencer
and not for profit which is Oxfam as they are a charity.
Features of a Business – P1
Explaining the main features of a business?
The main feature of a business is what type of ownership they operate in such
as sole trader where you are working by yourself, partnership where you have
someone else working with you, public limited companies, and private limited
companies. Another main feature of a business is that they deal with the goods
and the services. The goods can be consumer goods such as milk, biscuits,
, Name: Unit 1 - Assignment 1
bread, clothes, and shoes. Business also deals with services such as accounting,
banking, transport and repairing.
Businesses can be made up of primary, secondary, tertiary, and quaternary
sectors. The primary sector is when you are harvesting products from Earth
such as the raw materials which are then processed and made as a product.
The secondary sector is when you use the raw materials and make them into
products or manufacturing them such as bakers and factory workers. The
tertiary sector is when you are providing people with a service such as
accounting, banking, and transport. The quaternary sector is the jobs within
the hi-tech computerised industries such as web design and data analysis.
A purpose of a business is the overall mission that the business wants to
achieve over its life cycle. For an example the purpose for a not-for-profit
business would be to raise money for the course so that it can therefore be
reinvested. Another example for a purpose would be for a private limited
company as their main purpose would be to achieve high sales and profits by
being able to reinvest into the business by providing the product and service
that the customers want to achieve their profits.
Another feature of business is their scope of activity. This defines whether a
business is local, national, and international. A local business means that a
business that provides the goods or services to a small or local population. A
National business means that it is a type of business where it operates within
the borders of a country. An international business is where a business
provides goods and services in multiple countries.
The size of a business defines how big or small a business is. Micro businesses
will only contain 9 staff members working for the business. The next is called
small business where it will only have up to 20. The next after small business is
called Medium Business and this is where you will have 49 staff members
working for the business. The last one
The reasons why businesses will be very successful will determine what type of
business they are as in what types of goods and services they provide. The way
a business will define themselves as successful is assessing whether they have
achieved their aims and objectives such as clarity of vision and innovative
products. This means that each business aims, and objectives will be very
different or similar.
All businesses would need aims and objectives to define their purpose of the
business which will then identify how to achieve the aim, all aims must be
DISCLAIMER: If you’re going to copy and paste my work, I suggest you get a
paraphrasing tool to re-word so that you don’t get caught with plagiarism
and also shift the paragraph so it doesn’t look identical to mine and also do
not share this specific work with another classmate.
Introduction
In this assignment I will be researching and investigating what makes a
business successful and how they make themselves successful. I will do this by
comparing and analysing two contrasting businesses to see how each business
is run, what their main purpose is and what makes them more successful or
unsuccessful.
Initial Research
MacMillan Cancer
MacMillan Cancer is a private company with limited liability this means that
when the type of investment in which an investor or a partner cannot lose
more than the amount that they have invested in, therefore they are not
responsible for paying any types of debts. It is a not-for-profit business this
means whatever money they make it is for them to survive but not make a
profit, any money made as a profit gets put back into the business for their
own use. Their purpose is to provide help and advice to people who have been
diagnosed with cancer to prevent cancer. They operate in the tertiary sector
which means they are providing a service to people who need it. They operate
all over the UK which makes them a national company. MacMillan have over
250 members of staff which makes them a large company or business.
Emmaus
Emmaus is an LTD which stands for Private Limited Company which has with it
limited liability which means that when the type of investment in which an
investor or a partner cannot lose more than the amount that they have
invested in, therefore they are not responsible for paying any types of debts. It
is a not-for-profit business this means whatever they make it is for them to
survive but not make a profit, any money made as a profit that is made gets
put back into the business. Their purpose is to help get people off the street
and get them back into housing with jobs to maintain their position and so that
they can get on with life successfully. They operate in the tertiary sector by
providing reliable services to people, they are an international company as
they operate in more than one country and because of this they have more
,Name: Unit 1 - Assignment 1
than 250 members of staff which makes them a large company or a business
and their aim is to reduce the amount of people being homeless.
Suffolk Mind
Suffolk Mind is an LTD which stands for Private Limited Company which has
with it limited liability. It is a not-for-profit business because they aim to make
enough money to survive but not make a profit, any money made gets put
back into the business. Their purpose is to provide mental health support for
people in the local community and give them the best service available for
them. They operate in the tertiary sector which means they are providing
services to people; they are based on a local scale in Suffolk which suggests
that they are a small company as they don’t have more than 50 members of
staff that work for them. Their main aim is to make the mental health of the
local community better.
Help For Heroes (HFH)
HFH is a private company, and it has limited liability. It is a not-for-profit
Business because they aim to make enough money to survive but not make a
profit, any money made gets put back into the business. Their main purpose is
to help provide better facilities and accessories for service men or women who
were injured in the line of duty. They operate in the tertiary sector by
providing services to people, they are a national business as they operate in
the whole of the UK. They operate in the tertiary sector which suggests that
they are providing a service and equipment to people. They are a large
company or business as they have over 250 members of staff.
The Suffolk Food Hall (SFH)
The Suffolk food hall is a private limited company. Their main aim is to make a
profit rather than a loss. Their purpose is to provide high quality foods and
products to its customers and be able to satisfy them. They operate in the
Tertiary sector. This is because as well as making some of their food products
they also buy in from smaller local companies; this is very important for the
company. They only have one store which is located under the Orwell bridge in
Ipswich, making them a local shop. They are also a medium company; this is
because they have over 50 members of staff.
Poundland
Poundland is a private limited company, its main aim is to make a profit and
advance their company. Their purpose is to sell affordable products at a low
,Name: Unit 1 - Assignment 1
price of £1 and other accessories for less than £5. They operate in the tertiary
sector as they don’t make their own products, only provide a service to sell
other companies products to customers or consumers. They have over 500
stores located around the UK; this makes them a large company or business,
overall, they have 250 staff members working for them.
Pandora
Pandora is a public limited company. Its main aim is to also make a profit and
improve their products and services provided to their customers. Their
purpose is to provide high end jewellery to their customers, they also provide a
fitting and cleaning service on top of their sales. They operate in the tertiary
sector because they sell their products, but they also operate in the secondary
sector because they design and create the products that they sell to their
customers. They operate all over the UK which makes them a national
company, they also have over 250 members of staff which makes them a large
company.
Fred Olsen Travels
Fred Olsen Travel is a Public limited company which also stands for PLC. It aims
to provide high quality holiday sales and cruises to its customers, while making
a profit for itself. They operate in the tertiary sector by selling a service to its
customers. They operate in multiple countries, so they are an international
company and employ over 250 members of staff, making them a large
company or business.
Selection of two Business and why I have chosen them?
The two businesses that I have chosen are Marks and Spencer which is a retail
business and Oxfam which is a charity business. The reason why I have chosen
these two businesses is because one is for profit which is Marks and Spencer
and not for profit which is Oxfam as they are a charity.
Features of a Business – P1
Explaining the main features of a business?
The main feature of a business is what type of ownership they operate in such
as sole trader where you are working by yourself, partnership where you have
someone else working with you, public limited companies, and private limited
companies. Another main feature of a business is that they deal with the goods
and the services. The goods can be consumer goods such as milk, biscuits,
, Name: Unit 1 - Assignment 1
bread, clothes, and shoes. Business also deals with services such as accounting,
banking, transport and repairing.
Businesses can be made up of primary, secondary, tertiary, and quaternary
sectors. The primary sector is when you are harvesting products from Earth
such as the raw materials which are then processed and made as a product.
The secondary sector is when you use the raw materials and make them into
products or manufacturing them such as bakers and factory workers. The
tertiary sector is when you are providing people with a service such as
accounting, banking, and transport. The quaternary sector is the jobs within
the hi-tech computerised industries such as web design and data analysis.
A purpose of a business is the overall mission that the business wants to
achieve over its life cycle. For an example the purpose for a not-for-profit
business would be to raise money for the course so that it can therefore be
reinvested. Another example for a purpose would be for a private limited
company as their main purpose would be to achieve high sales and profits by
being able to reinvest into the business by providing the product and service
that the customers want to achieve their profits.
Another feature of business is their scope of activity. This defines whether a
business is local, national, and international. A local business means that a
business that provides the goods or services to a small or local population. A
National business means that it is a type of business where it operates within
the borders of a country. An international business is where a business
provides goods and services in multiple countries.
The size of a business defines how big or small a business is. Micro businesses
will only contain 9 staff members working for the business. The next is called
small business where it will only have up to 20. The next after small business is
called Medium Business and this is where you will have 49 staff members
working for the business. The last one
The reasons why businesses will be very successful will determine what type of
business they are as in what types of goods and services they provide. The way
a business will define themselves as successful is assessing whether they have
achieved their aims and objectives such as clarity of vision and innovative
products. This means that each business aims, and objectives will be very
different or similar.
All businesses would need aims and objectives to define their purpose of the
business which will then identify how to achieve the aim, all aims must be
