unit 1 assignment 1
Unit 1: The Business Environment (Assignment 1)
Tesco PLC:
A Summary of the businesses activities and their major activities
Tesco is the world’s widest retailers with operations in 14 different countries, Japan, India, United States, and Czech Republic. Employing over 492,000 individuals and serving over millions of customers every week as well as they have a market share of 30%. Tesco have diversified into different markets for example retailing books, clothing, electronics, furniture and they also have diversified into the financial sector by selling car insurance, home insurance etc. Tesco were also the first supermarket to invent the loyalty scheme this is where customers collect points by shopping at the supermarket each point equates to 1p in store when redeemed or up to 3 times their value when used the club card deals, offers on holidays, day trips, when filling up fuel at the petrol station. The UK market shares for Tesco have increased by 30.5% by 2009; these increases follow a decline in the market share of discounts chains Lidl, Aldi in the same period collectively of 0.1%.
Details where they operate (locally, nationally and/or globally
The company operates globally because they have expanded to 14 different countries so this means they are making more profit than any other supermarket as well as they operate in America, Turkey, China and many more other countries where Tesco PLC function.
http://www.tescopoly.org/index.php?option=com_content&task=view&id=595&Itemid=193
Which sector of the economy that they are in, with a description of this i.e. primary, secondary and/or tertiary?
The sector of the company is tertiary because they are bringing in goods and service to the business and to consumers. Transporting goods, via supermarket, advertising insurance for distribution (retail) and then finally selling them to customers through their supermarket.
The purpose of the business (e.g. do they sell products or provide services; do
Tesco PLC:
A Summary of the businesses activities and their major activities
Tesco is the world’s widest retailers with operations in 14 different countries, Japan, India, United States, and Czech Republic. Employing over 492,000 individuals and serving over millions of customers every week as well as they have a market share of 30%. Tesco have diversified into different markets for example retailing books, clothing, electronics, furniture and they also have diversified into the financial sector by selling car insurance, home insurance etc. Tesco were also the first supermarket to invent the loyalty scheme this is where customers collect points by shopping at the supermarket each point equates to 1p in store when redeemed or up to 3 times their value when used the club card deals, offers on holidays, day trips, when filling up fuel at the petrol station. The UK market shares for Tesco have increased by 30.5% by 2009; these increases follow a decline in the market share of discounts chains Lidl, Aldi in the same period collectively of 0.1%.
Details where they operate (locally, nationally and/or globally
The company operates globally because they have expanded to 14 different countries so this means they are making more profit than any other supermarket as well as they operate in America, Turkey, China and many more other countries where Tesco PLC function.
http://www.tescopoly.org/index.php?option=com_content&task=view&id=595&Itemid=193
Which sector of the economy that they are in, with a description of this i.e. primary, secondary and/or tertiary?
The sector of the company is tertiary because they are bringing in goods and service to the business and to consumers. Transporting goods, via supermarket, advertising insurance for distribution (retail) and then finally selling them to customers through their supermarket.
The purpose of the business (e.g. do they sell products or provide services; do