In unit 1 of my coursework I had to undergo the pass criteria which included: Describe four different organisation in terms of purpose, ownership, size and scale. Describe the primary, secondary and tertiary classifications of business activities using local and national examples. Describe the purpose of setting aims and objectives for businesses. Describe the functional areas and their main purpose within business organisations.
The merit criteria:
Compare and contrast the ownership, aims and objectives of two selected businesses.
Explain areas of growth or decline in the primary, secondary and tertiary classifications of business activities.
Explain the interaction of functional areas and how they relate to each other in two selected businesses.
The distinction criteria:
Evaluate how the functional areas contribute to the aims and objectives of the two selected businesses.
Description of Tesco PLC.
Tesco is a private limited company founded by Sir Jack Cohen in 1924. The first three letters from the name of the tea suppliers name “T.E.Stockwell” and then joined these will his own surname this then formed the name “Tesco”. He liked this name so much it became the company’s own. Tesco is one of the United Kingdom’s largest supermarkets They sell varieties of clothes, household items, gifts, kids items and food items.Â They produce their own breads and some product. They provide their own transport to carry their goods.Â They provide Internet services. Tesco provide car insurances and house insurances. Tesco have 1982stores all over United Kingdom and they have 164,500 shareholders.
Tesco is one of United Kingdom’s largest supermarkets making 3millions profit a day.Â Tesco employs over 300,000.Â Tesco is a company dedicated to professional management of both people and property.Â Tesco is a caring organisation that endeavours to exhibit pride and excellence.