P1 Describe the Type of Business, Purpose and Ownership of Two Contrasting Businesses.

Topics: Corporation, Limited company, Limited liability company Pages: 1 (263 words) Published: February 6, 2013
Asda is the second largest retailer in the UK, and it has been the largest subsidiary of the Wal-Mart family of companies since 1999. The UK's supermarket sector has also become more competitive. This contest between retailers in the marketplace helps to keep prices down. It also makes sure that organisations always produce and sell the goods that consumers really want. Asda is engaged in food, clothes, electronic and furniture selling. Consumers like price competition, as it means they can buy goods at low prices and save money. Asda is a large national company that makes a profit and it is private as well. Asda has a limited liability which means that they might lose the money they have invested in a business. This company is an incorporated business and it is also a public limited company. The main aims and objectives of Asda are: •To provide goods and services that is cheap and affordable to consumers to the public, to reduce the cost •To recycling their waste

•To supporting voluntary services

Oxfam is a small not-for-profit organisation and it is a global company because it operates in countries around the world. It is owned by Oxfam Trading Limited Companies and it is in private sector. The main aims and objective of this company are: •To Aid third world countries in any way they can

•To relieve poverty, distress and suffering
•To educate people about the nature, causes and effects if poverty •To campaign for a fairer world
•To encourage western nations to supply aid to third world countries.
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