Unit 1,P1

Topics: Corporation, Limited company, Limited liability Pages: 4 (1177 words) Published: January 10, 2013
In this assignment I am going to look at two contrasting organisations, one that makes a profit and another that doesn’t make a profit, in which case I am looking at Tesco a profit making organisation and Oxfam which is a non-profit making organisation. For these two organisations I am going to describe the type of business activity, describe the business purpose of each organisation, describe the main differences in type of ownership between the two organisations, describe the owners’ liability for debts, access and research the rationale of the strategic aims and objectives of your contrasting organisations and clearly set out what different types of organisations are seeking to achieve (aims and objectives).

Tesco is a supermarket that sells general merchandise and global grocery. Its activities include groceries & wine, finance & insurance, entertainment & books, phones & broadband, Tesco direct and online stores, Tesco is the grocery market leader within the UK, but have stores located all around the world, in places like Asia, Europe and North America. Tesco is the world's third-largest grocery retailer with over 4000 retail outlets in the UK and 13 other countries. This includes supermarkets, convenience stores, gasoline retailing, small urban stores, superstores, and personal financial services, but also Tesco.com is Britain's leading internet service. In these outlets owned by Tesco such as supermarkets, they offer many goods to the general public like food, games and clothing at affordable prices as they also sell their own branded products in their stores, this makes Tesco a profit making organisation. Tesco therefore is a Public Limited Company (PLC), as their companies’ shares are freely sold and traded and sold to the public. http://en.wikipedia.org/wiki/Tesco#Stores As Tesco is a public limited company and is a company that is open to the public to make profit, they have and unlimited liability for debts, but yet their...
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