Task 1 - p1, p2, m1, d1 Ali
Task 1 - p1, p2, m1, d1 Ali
Task 1 - p1, p2, m1, d1 Ali
Issue #
Unit1
P1- Describe
the type of
business,
purpose and
ownership of
two contrasting
businesses
Tescos
A brief introduction to the organization
Tesco is an online retailer and delivery business based in England. The popular retailer was founded
in 1919 and has grown to be one of the largest retailers in the world. The retailer offers a range of
items including groceries, wines, home electronics, and DVD rentals.
It has its headquarters in Chesnutt, but has many stores around the country. These stores are in
many cities including Manchester, Birmingham, and London. It has many types of stores and
includes Tesco Extra (24 hour), Tesco Metro (located in town centers) and Tesco Express (attached
to garages). It sells many things including food and non-food items. These items include: toys, food,
drinks, toiletry, CDs, videos, DVDs, books, cosmetics, medicine, tobacco, alcohol, fruits,
vegetables, electrical goods, clothes, organic food.
This is a good customer service as customers now have more variety of food to choose from
so it encourages them to come to Tesco more often.
The type of ownership, why this is appropriate for the business and
the implication for the liability of the owners of the business
Tescos ownership is owned by several partners. Tesco is owned by thousands of people because
Tesco is a limited company or Plc. The reason for Tesco being a Plc. is because of its mammoth size.
It would be hard to raise enough funds for Tesco if it was owned by a sole for traders or buyers
whereas in a PLC like Tesco, the company is owned by shareholders who fund the company.
Oxfam
A brief introduction to the organization
Oxfam is an international confederation of charitable organization which started in 1942. Oxfam is
also globally renowned aid and development charity with 70 years of experience of working
and campaigning with partners in over 90 countries worldwide.
The type of ownership, why this is appropriate for the business and
the implication for the liability of the owners of the business
Oxfam is an international association of 14 organization who are the trustees of the organization,
working in 98 countries worldwide to find lasting solution to poverty and injustice. So it is also
owned by many people.
Define Stakeholders
Customers
Suppliers
Shareholders
Government
Stakeholders
1. Which of the following best defines the term 'stakeholder'?
a) Anyone with shares in a company
b) Anyone with an interest in an organisation
c) Anyone who owns a business
2. Which stakeholder is most interested in profit?
a) Staff
b) Customers
c) Owners
3. Which of the following is the best example of a primary stakeholder?
a) An owner
b) A creditor
c) A key supplier
4. Who is an internal stakeholder?
a) Customer
b) Supplier
c) Worker
5. Who is an external stakeholder?
a) Manager
b) Lender
c) Employee
6. What objectives do different groups of stakeholders have?
a) Different objectives
b) No objectives
c) Identical objectives
7. Who are compulsory redundancies NOT in the direct interest of?
a) Staff
b) Customers
c) Owners
8. Which is LEAST likely to be a stakeholder in a partnership?
a) Customers
b) Shareholders
c) Government
9. What can a pressure group use to monitor the performance of a public
limited company?
a) Profit and loss account
b) Press releases
c) Company report