Btec Level 3 Business- Unit 1- the Business Environment

In: Business and Management

Submitted By jordan301261
Words 2911
Pages 12
The Business Environment

Contents Page

Tesco- The business environment....................

NHS- The business environment.......................

Tesco Suppliers..................................................

NHS Suppliers....................................................

Bibliography......................................................

Tesco- The Business Environment

Tesco was started in 1919 in London’s East End; it was Jack Cohen who started selling from a stool after leaving the Royal Flying Corp at the end of the Great War. He used the money he received after demobbing to buy his first days stock.
Jack Cohen’s first branded product was Tesco’s Tea, released in 1929. The brand name came from the first two letters of Jack’s last name (CO) and the first three letters of his collaborators TE Stockwell (TES).
After expanding further Tesco first floated shares on the stock market during the 1940’s. They have now since then expanded into 12 countries around the world, employing over 530,000 employee’s and serving ten’s on millions of customers every week.

Tesco’s have come a long way since the first stall Jack Cohen set up in 1919. They now operate a huge retail business operating in many different markets e.g. Groceries, Electrical, Clothing, Banking, insurance and their own mobile network.
In addition they have multiple types of store; Normal Tesco stores, Tesco’s extra, Tesco metro, Tesco garages.
Groceries- Tesco’s stores are continuing to grow all the time, with new technology developing all the time Tesco’s are continuing with developing their stores. Idea’s such as self service and scan as you shop are just two of the new ways making it easier for customers to shop. They offer an incredibly larger range of products in their stores with food distributed from local producers and also farmers round the world in fair trade…...

Similar Documents

Btec Business Level 3 Unit 1 P1

...Name: Arsalan Anwar Business level 3 Unit 1: P1 Introduction: In this assignment I will be selecting two contrasting business which are going to be Tesco and Oxfam. I will be writing a written report describing their purposes and ownership, to do this I’ll talk about what goods and services they offer and to whom they offer these to. Finally I’ll talk about where they operate and which industrial sector of the economy they operate in. Introduction of Tesco Tesco is a massive company with high revenues, it is also a public limited company (PLC) that means it has limited liability, the meaning of limited liability is that the investor cannot lose more than the amount he has invested within the company intern this means that the investor is not personally responsible for the debts of the company so linking this to Tesco it will mean that if Tesco goes into debt the investors are not responsible to pay it off. The main aim of Tesco is to make profit and the reason it will make profit is because it is a well know and established company which has been trading for many years. It has over 2000 stores around the world and it is employing nearly up to 300,000 people which proves that it is a global organisation. Sector of the economy Tesco operate Tesco operates in the tertiary sector which is also know as the service sector and is one of the three main economy sectors, the......

Words: 1175 - Pages: 5

Btec Business Level 3 Unit 1 P6

...P5- Describe the influence of the two contrasting economic environments on business activities within a selected organisation The chosen organisation to which I am going to be writing about is Asda. This is from the fact that Asda is a large supermarket to which everyone knows about. I am going to be looking at their contrasting economic environments on their business activities. There are 2 important economic environments that have an influence on business activities, growth and recession  When economic growth occurs, when more goods are being produced and consumed, and incomes are rising. A growth company tends to have very profitable reinvestment opportunities for its own retained earnings. Economic growth will affect Asda as it would increase their profits due to more people wanting more products and wanting to spend their money. As people have more money to spend on luxuries instead of the essentials it means that the higher value products will be brought. For example the finest range or more expensive brands will be bought instead of Asda’s value range, because of this it means more money is being spent in the store which is an advantage for Asda. Fast economic growth also means that Asda’s output is high due to increased demand in products. This would mean that unemployment is lower than it should be. With the business confidence, this means that it may be a high leading to increased investment and could also be classed as a boom. With boom what happens is that......

Words: 1171 - Pages: 5

Btec Business Level 3 Unit 1 D1

...A stakeholder is someone in a business who has an internet in the decision making that business make are stakeholders. Customers: Tesco wants customers to have good quality products. Most customers know about which products are best. For example customers want their products to be really high quality before they buy the product. The regular customers for Tesco’s may get a discount price on the product because they are registered to receive offers however great Ormond street is grateful to customers because their customers provides money and they help the hospitals needs and wants. This is how customers and we would like to see the businesses improve. Supplier: both businesses either have stock delivered or receive stock in order for their businesses to run. Great Ormond Street needs supplies of medicines and equipment in order for their operation and work to go well. However Tesco’s need supplies for products to serve to their customers. Owners: an owner can keep a close eye on how the business is running. The owners are important stakeholders for great Ormond Street and Tesco because they spend a lot of time setting up the business. The owners of the business take risks and they want to see their business be a success. Great Ormond Street has no owner however Tesco has an owner his name is jack Cohen. Local and national communities: the community may worry about the business activities. A social cost may be caused by pollution from a local factory or a national social...

Words: 563 - Pages: 3

Business Btec Level 3 Unit 1 M2

...For this assignment I will compare the challenges to selected business activities within my chosen business in two different economic environments. I will analyse whether national demand and GDP are rising or falling and how they are affecting my chosen business. Recession Recession is a significant decline in economic activity spread across the economy, lasting more than a few months. Recession would impact in Rudding Park Hotel due to the fact of recession effects. During recession, as sales revenues and profits decline, they will cut back on hiring new employees. In an effort to cut costs, they are going to stop buying new equipment and to develop new services. As declining revenues show up the price may decline. Dividends may also slump, or disappear entirely. Shareholders and advertising agency may become upset. Shareholders may call for a new CEO and the advertising agency may be dumped and new agency hired. When the stock falls and the dividends decline or stop, the investors who hold that stock may sell and reinvest the proceeds into better-performing stocks. The customers of the Rudding Park Hotel that owe it money may pay slowly, late or not at all. Then, with reduced revenues, the affected Hotel will pay its own bills more slowly or late. Late payments will reduce the valuation of the corporation's debt and ability to obtain financing. The Hotel's ability to service its debt, may also be impaired, eventuating in defaults other debt, further damaging the......

Words: 770 - Pages: 4

P6 Unit 1 Btec Business Level 3

...Factor (Political, Technological, Social) Name of organisation 1 impact on business activities and stakeholders. Name of organisation 2 impact on business activities and stakeholders. Consumer protection (Social) Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace. This also can be a political factor as it makes the information of the business correct to make sure the business is selling items honestly and fairly. Tesco uses Consumer Protection so that they do not advertise goods as something they are not and to make sure they have described the products correctly to the customers. This can affect Tesco as a business because if they were to sell products to Customers that are described as something else Tesco can get in to problems not following the consumer protection act. They would be heavily fined, which can then lead to bad publicity or some of Tesco's outlets can get closed which could mean that the business would lose a large part of its loyal customers and this could mean that the businesses reputation can go down. Tesco gives Customers the chance for a 28 day refund for goods that they do not want which means that the customers are able to return faulty goods that they have brought from the store or if they feel they do not want the product. This means that Tesco are following the law. This gives the customer the assurance that Tesco are......

Words: 4275 - Pages: 18

Btec Business Level 3 Unite 1 the Business Environment P 1

...College The type of business - a local business which means the business only can find in the local area. Public business: Leyton Sixth Form College located in the London Borough of Waltham Forest, and it is a public organisation which means that it’s owned by the government. The aims of the business: • Treating others with equality in the college learning environment • Be supportive to all students within the college • Give students the best teaching every term The objectives of the business: • Give chances to every students to reach their goals by the end of this term • Provide everything students may need during their academic year in 2015 • Enhance the courses pass rate in LSC by 1% in the end of 2015 The sector of the economy the business operates in - It is in the tertiary sector because it provides services to students such as library services. The ownership of the business - LSC is a public organisaton in a public sector, it is also owned by the government, and therefore the debts will be paid by the government. If they have any debts it will only be paid within the things of the business and not with the owners’ property. Jaguar Land Rover The type of business - an international business which means the company set up branches cross at least two countries or more. Jaguar Land Rover is a multinational automotive company, its headquarter located in Whitley, Coventry UK. Private business: Jaguar Land Rover is a private business owned by the......

Words: 503 - Pages: 3

Business Btec Level 3 Unit 1 P6

...Finally, your Editor has asked you to produce a report to your readers which discusses the business activities of your global organisation. You are to report on the following issues in a way that is easy for them to understand. • Describe how the main political, legal and social factors effect the business activities and the stakeholders of the organisations described in P3 & P4. (Drayton Manor and your chosen Charity). Business activities should include any activities carried out by the organisation to achieve its purposes. Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders (P6) • Select at least three business activities from those you identified. • Analyse how each of these has changed because of political, legal and social aspects of the business environment. (Why has the activity changed and how and why has this affected the organisation?) Analyse how political, legal and social factors have impacted on the two contrasting organisations (M3) Make a list of your selected organisations aims and objectives. Evaluate how future changes in economic political, legal and social factors, may affect the strategy of the organisation.  Evaluate how future changes in economic, political, legal and social factors may affect the strategy of your organisation.  For each factor you will need to research future changes. (E.g. economic – inflation; new laws;......

Words: 273 - Pages: 2

Btec Business Level 3

...BTEC Level 3 in Business – Unit 1 – The Business Environment Context Think of a business as a ship on the high seas. The captain and crew of the ship are steering the ship on its journey but the ship is also affected by other influences such as the weather, tides and currents. The captain and crew have no control over these but they must be able to respond effectively to the intervention of events such as a storm in order for the ship to successfully complete its voyage. Just like a ship has to respond to the influences of its environment (the ocean) a business must also react to a number of factors that will be beyond its control. These can come from hugely varied sources, from the weather to a war on the other side of the world. The economy and government attempts to control it are more obvious influences on business activities but how each business will be affected are vastly different. During this unit you will investigate the differences in businesses; how they are run organised and influenced. Why certain businesses are organised in different ways and which individuals and organisations are interested in the progress of different businesses. By the end of this unit you should understand: • The range of different businesses and their ownership. • How businesses are organised to achieve their purposes. • The impact of the economic environment on business. • How political, legal and social factors impact on a business. Scenario A bank......

Words: 944 - Pages: 4

Btec Business Level 3 Unit 10

...|Assignment brief – QCF BTEC | |Assignment front sheet | |Qualification |Unit number and title | |BTEC Level 3 National in Business (QCF) |Unit 10 Market Research in Business | |Learner name | Assessor name | | |Duncan Llewelyn | |Date issued | Hand in deadline |Submitted on | |23rd April 2015 |19th June 2015 | | | | | |Assignment title |Unit 10 Market Research | |In this assessment you will have opportunities to provide......

Words: 1226 - Pages: 5

Unit 3 Btec Level 3 Business

...Unit 3 – P1 P1 – Describe the marketing techniques used to market products My chosen organisations are NHS which is charity and Tesco which is private P1 Ansoff matrix Strategic marketing planning tool that links a firm's marketing strategy with its general strategic direction and presents four alternative growth strategies in other words there is four strategic parts to ansoff matrix which i will explain what it is and what is the purpose or definition for it. These are the four strategic parts to ansoff matrix below: Market penetration: A measure of the amount of sales or adoption of a product or service compared to the total theoretical market for that product or service.by pushing existing products in their current market segments in other words allowing existing product to gain potential customer in its market segment. Market development: The expansion of the total market for a product or company by entering new segments of the market and also allowing developing new markets for the existing products, trying to target new customer with an existing product. Product development: The creation of products with new or different characteristics that offer new or additional benefits to the customer. Product development may involve modification of an existing product or its presentation, developing new products for the existing markets. Creating new products for an existing market for example iPhone which then developed ipad. Diversification:......

Words: 8278 - Pages: 34

Business Btec Level 3 Unit 1 - P1

...Unit 1 - P1 Table 1 Types Of Ownership: | Definition: | Example: | Sole Traders | A sole trader business is owned and controlled by one person and the most common type of business. | Window CleaningPlumbing Electrical Work | Partnerships | A partnership is usually formed by signing a Deed of Partnership (which sets out how profits will be shared and the different responsibilities and payments to partners) with the paperwork being supervised by a solicitor. | Medical PracticeDental PracticeAccountantsSolicitors | Private Limited Company | Private limited companies tend to be smaller than public ones. Often family businesses. There must be at least two shareholders. Shares in private limited companies cannot be traded on the stock exchange. | Green EnergyJohn Lewis PartnershipVirgin Atlantic | Public Limited Company | Public Limited Companies have their shares bought and sold on the stock exchange. This allows the company to raise large amounts of capital very quickly. | ASDAMicrosoftBlackberryMcDonald’s | Government Departments and Agencies | They operate on behalf of the government and are staffed by civil servants, known in this department as customs and revenue officers. Civil servants are people who work directly for the government. Their job is to collect income tax & other taxes on behalf of the government, to collect repayments on student loans and make payments such as tax credits. | Child Protection AgencyCabinet OfficeDepartment For TransportNHS......

Words: 1553 - Pages: 7

Btec Business Level 3 Unit 1 M1

...their Influence on Business Aims and Objectives In this assignment I will be looking at the different stakeholder viewpoints and I will also be looking at their influence on businesses aims and objectives. So first of all I will state what stakeholder it is, then I will outline the viewpoint of the stakeholder and then I will look at the list of aims and objectives of a business and then I will evaluate which aims and objectives were created to serve this stakeholder. Aims and Objectives: Tesco * Offering customers the best value for money and the most competitive prices. * Meeting the needs of customers by constantly seeking, and acting on, their opinions regarding innovation, product quality, choice, store facilities and service. * Providing shareholders with progressive returns on their investment improving profitability through investment in efficient stores and distribution depots, in productivity improvements and in new technology. * Developing the talents of its people through sound management and training practices, while rewarding them fairly with equal opportunities for all. * Working closely with suppliers to build long term business relationships based on strict quality and price criteria. * Participating in the formulation of national food industry policies on key issues such as health, nutrition, hygiene, safety and animal welfare. * Supporting the well-being of the community and the protection of the environment. Customers –......

Words: 1843 - Pages: 8

Btec Level 3 in Business – Unit 1

...P1 – Describe the type of business, purpose and ownership of two contrasting businesses The first Business I have chosen is British Airways, because of my interest in travelling. Also, I thought it’d be a very interesting and different company to choose and base my research on. British Airways, often shortened to BA, is the flag carrier airline of the United Kingdom and it is the largest airline in the United Kingdom based on fleet size. When measured by passengers carried, it is second-largest in United Kingdom, behind EasyJet. The airline is based in Waterside near its main hub at London Heathrow Airport. A British Airways Board was established by the United Kingdom government in 1972 to manage the two nationalized airline corporations, British Overseas Airways Corporation and British European Airways, and two smaller, regional airlines, Cambrian Airways, from Cardiff, and Northeast Airlines, from Newcastle upon Tyne. On 31 March 1974, all four companies were merged to form British Airways. After almost 13 years as a state company, British Airways was privatized in February 1987 as part of a wider privatization plan by the Conservative government. The carrier soon expanded with the acquisition of British Caledonian in 1987, followed by Dan-Air in 1992 and British Midland International in 2012. British Airways is a founding member of the Oneworld airline alliance, along with American Airlines, Cathay Pacific, Qantas, and the now defunct Canadian Airlines. The alliance has...

Words: 7297 - Pages: 30

Btec Buisiness Level 3 Year 1 Unit 1 the Business Enviroment

...HESTIA HOUSING AND SUPPORT ADRESS 1ST & 2ND FLOOR MAYA HOUSE ,134-138 BOROUGH HIGH STREET LONDON SE1 1LB TELEPHONE +44 (0) 2073783100 FAX +44 (0) 2074075781 EMAIL info@hestia.org WEB SITE WWW.HESTIA.ORG LEGAL INFORMATION REGISTERED CHARITY: 294555 COMPANY NUMBER: 2020165 NATURE OF BUSINESS: CHARITY OWNERSHIP NO OWNER, RUN BY TRUSTEES SIZE LOCAL SECTOR TERTIARY LIABILTY DOES’T HAVE ANY ORGANISATION FOUNDER JIM HORNE CHAIRMAN MARTIN......

Words: 2657 - Pages: 11

Btec Business Level 3 Unit 3

...of marketing: 1) Identification, selection and development of a product 2) Determination of its price 3) Selection of a distribution channel to reach the customer’s place, and 4) Development and implementation of a promotional strategy. Marketing Techniques: Branding: The process involved in creating a unique name and image for a product in the consumers’ mind, mainly through advertising campaigns with a consistent theme. Branding aims to establish a significant and differentiated presence in the market that attracts and retains loyal customers. Cadbury will have their brand as one of their main focus’ as brand image is so important to a big organisation like Cadbury, if their brand image is good, then they get lots of sales which is their main aim, but if their brand image is bad, then customers will choose to purchase from a competitor instead, which will see sales and profit decline, ultimately ending in the company going out of business. Having a good brand image will help the brand expand in the future into different markets. It will also help alter the brands positioning in the market into a more controlling position with more sales. Jaguar will also have their brand image as a main priority because for a car company, people are more likely to buy a car from a reputable brand than one that is perceived to be cheap or low quality. They will want a good brand image so that they have customers for when they want to expand the business into different......

Words: 3140 - Pages: 13