international business and for profit. The two businesses I have chosen to use for this task are Asda Stores Ltd. and Welcare‚ Reigate. Type of Business: Asda Stores Limited‚ commonly known as ASDA‚ is the second largest retail store and a national public limited company. It is a profitable business and it is the subsidiary of American company Wal-Mart. It was founded in 1949. Furthermore as Asda is a profitable business it is also in the private sector. Welcare is a local charitable‚ non-profit organization
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shared * Business affairs can be kept private * Speedy decisions can be made as few people are involved * Personal attention can be given to company affairs and customers * Easy to set up as no special paperwork is required * Less capital required as these are generally small businesses Disadvantages * Unlimited liability puts personal possessions at risk (no matter what debt has been ran up the sole trader has to cover it) * Finance can be difficult to raise * Small
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Merit 1 – Compare and Contrast two businesses For this assignment I am going to compare and contrast two selected businesses. I will concentrate on their ownership and their aims and objectives. My first business is Tesco the biggest retail company in Britain. My second business is McDonald’s one of the largest franchise fast food outlets in the world. The aim of McDonald’s is to serve good food in a friendly and fun environment and to provide good returns to their share holders. So the purpose
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include a business in each of the private‚ public and voluntary sectors. Your examples MUST include a business in each of the primary‚ secondary and tertiary sectors. Your examples MUST include a sole trader‚ a partnership‚ a private and public limited company and a government run department or agency |Name of business and type of |What products or services are provided? |Is it a local‚ national‚ |Is it in the public‚ private |Does it exist to make a profit? |Is it in the primary
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of this chapter you should be able to understand: • The difference between management and financial accounting. • Why accounting regulations are important and required. • The need for and the structure of professional regulation‚ company law‚ stock exchange legislation and EU Directives. • How the different aspects of regulation work together and complement each other. • The process through which an accounting standard comes into being. REVISION RESOURCES EXAM QUESTIONS:
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the stakeholders in the company and have to accept the tyranny of the market place." ’’ Manohar David‚ Director‚ PIL in 1996. Case Details Case Code : HROB004 Themes: HR Problems Case Length : 05 Pages Period : 1992-2000 Organization : Philips India Videocon Pub Date : 2002 Teaching Note : Available Countries : India Industry : Consumer Goods & Services Selling Blues The 16th day of March 1999 brought with it a shock for the management of Philips India Limited (PIL). A judgement of
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America. McDonald’s is obviously a private company and is owned by a head of shareholders. It was found by Richard and Maurice McDonald’s and until today they don’t get any support by the government. Today‚ the company is leaded by Andrew J McKenna as chairman and Don Thompson as president and CEO of the organisation. These people are the main decision makers within McDonald’s organisational structure. This business is one of the main fast food companies in the world. This means they produce food
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organization because it represents strength of any organization. Different types of organization are available in the market and which type of organization it will be it depends on the owner of the company. It may be sole proprietorship or partnership or corporation. It depends on investment and liabilities also. Business license is a important in case of businesses. Every organization needs a business license when they started and government will provide only. Contract Contract is a legally
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P1 Oxfam Range of different businesses Oxfam is local as there are lots of shops and donation points that are set up locally in and around the Blackburn area. Oxfam is national as it has shops and donation points all across the country. Oxfam is international as it has shops and donation points in places other than England‚ for example‚ America‚ France‚ Germany‚ India and more. Oxfam isn’t global as it isn’t all over the globe and is not known worldwide‚ an example of a global business would be
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influence of stakeholders and how the businesses organise themselves through strategic planning and organisational structures to achieve their purpose and aims. Tesco is an international Public Limited Company. Tesco has over 500‚00 employees in 12 countries. Under the Tesco Group there are a number of sister companies such as Tesco Ireland‚ Tesco Poland and Tesco Lotus. In addition‚ Tesco offers other services such as Tesco Bank which is also a part of the organisation. [1] From my research‚ it states
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