D1 – Assess whether a selected business meets its aims and objectives. I am going to assess whether the business I chose is able to meet their aims and objectives. Tesco’s aims and objectives are the following:
To maximise sales by 10% at the end of this year.
To become the largest retailers throughout the UK
Expand their business have a office in European and worldwide 4.
To provide a good service that it cheap and affordable to the consumers by the end of March. Tesco’s main aim is to stay the leading supermarket and to have a competing chance with prices. Also to maximize their sales. Tesco achieves £3bn annual profit
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Tesco boss: We're still expanding
“Supermarket chain Tesco has reported underlying annual pre-tax profits of £3.13bn, an improvement of 10% on the previous year.”
Tesco’s main aim which was to maximize their profits which would mean that in order to do that they have to increase their sales. Because Tesco have made more profit throughout the year, this proves that they have increased their production for their sales. This objective has been achieved. Tesco achieved £3bn in the last year. They made 10% profit which is exactly what they wanted. This shows that the objectives that Tesco had set themselves have been achieved. Evidence for this is on BBC News. Also another objective that Tesco set them was to become UK’s largest retailers. This objective has also been achieved. TESCO FACTS
World's third biggest retailer, UK's biggest
Has an outlet in every postcode in the UK
Overtook Sainsbury's as biggest UK supermarket 14 years ago
First achieved £1bn sales in a year 30 years ago
Employs 440,000 people in 4,000 stores across 14 countries
Have 2,115 stores and 280,000 staff in the UK
The information above is from BBC news.
The evidence above shows that Tesco has expanded their business and is now UK’s largest supermarket. This shows that they have reached their objective but also they are the...
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