Tesco is the largest British multinational retailing store headquartered in Cheshunt, Hertfordshire, England, United Kingdom. It is the second largest retailer in the world (just behind Wal-Mart which is a multinational retail store as well – but it’s American) and the third largest retailer in the world if measured by revenues only. It lags just behind Wal-Mart (again!) and Carrefour which is a European multinational retail as well. David Reid is the chairman and Philip Clarke. Tesco is in the tertiary sector and is the grocery market leader in the UK. Its ownership is based on a lot of shareholders who have purchased the company shares through the stock exchange. There are Tesco stores in 13 countries which are: Thailand,Slovakia,China,India,Malaysia,Czech Republic,Poland,Hungary,Ireland,Korea,Turkey, The Uk and USA. Tesco is currently very huge and there are future plans it would expand into more countries. Tesco entered the USA in autumn 2007 and it is trying to break into India. The majority of Tesco's stores are still in the UK (where it first began). 2,033 out of 3,409 Tesco stores are situated in the UK. Tesco employs 530,000 people and has millions of customers each WEEK! Tesco is a public limited company therefore it is known as Tesco PLC and can sell shares on the stock exchange market/to the public. The minimum value of shares to be issued (in UK) is £50,000. Tesco being a public limited company has a lot of benefits as well as drawbacks. Many organisations start of as a private limited company and later become a PLC to raise capital to help them expand and develop the company which can play a vital role in the competitive retail market. Some of the advantages of being a limited company are that shares can be sold to the general public unlike a private limited company and can help to raise large capital sum as there is no limit to the number of shareholders. They are also able to advertise in newspapers and on television whereas private limited companies are unable to do this.
Majority of shareholders are interested in investing their money into a company which is successful or has the potential to be successful in the near future. There is also liquidity – the shareholders are able to buy and sell their shares. Also being a PLC gives the company a more prestigious name/profile therefore banks would be more willing to give them loans. There is also limited liability for the shareholders and the business has separate legal entity meaning the business will continue even if any of the shareholders die. Some disadvantages of Tesco being a PLC is that the original owner may lose control of the business. Also due to its immensely large size they may face management problems such as slow decision making and industrial relations problems. These companies also have to publish their accounts in order to protect the interest of the ordinary investor so therefore competitors can see if they are doing well or bad. Initially Tesco had a market chain of only food supplies, but over the years its business has broadened in the fields of clothes, consumer electronic goods, and customer related financial services, internet service, consumer telecoms, and they even ventured into the field of selling and renting DVDs.
Tesco store types: Extra,
Tesco Plc Tesco is the supermarket leader in the UK for last few years. Tesco was founded by Jack Cohen in 1919. He started the business by selling surplus groceries from a stall in the East of London. The profit that he made in the first day was £1 and sales of £4. The first brand product sold by Jack Cohen was Tesco Tea, this was before the company was know as Tesco. 1929 The first Tesco store was opened in BURNTOAK, EDGWARE, NORTH LONDON. Afterwards in 1932 Tesco became a private limited company…
Business and Financial Performance of Tesco Plc over three years THE BUSINESS AND FINANCIAL PERFORMANCE OF TESCO PLC OVER A THREE YEAR PERIOD Oxford Brooks University Submitted by: TAHIR GHAFOOR ACCA Registration # 1969183 Date Submitted: 21 Nov, 2011 Word count: 6495 approximately. 1|Page Business and Financial Performance of Tesco Plc over three years Table of Contents Table of Contents .................................................................................................. 2 .…
Definition of CSR 2 Development of CSR 2 Approaches to CSR 2 Business Benefits of CSR 3 Critical Analysis of CSR 3 Factors influencing CSR 4 The Business Case for CSR 6 TESCO PLC 8 Tesco and Corporate Social Responsibility 8 Environment 8 Community 9 Suppliers 9 People / Employees 10 Government / Regulators 10 How Tesco manages their Corporate Responsibility (CR) 10 Conclusion 10 Bibliography 13 Corporate Social Responsibility (CSR) Definition of CSR Corporate Social Responsibility…
The Sales of Goods Act 1979 This is an Act that manages the sale of goods that are bought and sold in UK, and the permanent contract between both groups. The contract of sale states that the transfer of goods from a seller to a buyer is completed through a money agreement - this is the price. Goods must determine a level of satisfactory quality for the price that the consumer/customer is willing to pay. And meeting the description and relevant details at time of the purchase. These details…
Methods of Communication used internally and externally in Tesco Tesco need to communicate with a range of individuals and organisations, including their customers, their competitors and their suppliers. Good communication in Tesco is essential if it is going to achieve its objectives and to operate effectively. Tesco have many channels of communication internally/externally between their functional areas. Communication is vital to Tesco because then everyone is clear about objectives, there is…
company this report will look at is Tesco Plc. Peter Short Business Strategy 3/22/2013 Stevie Nicola Smith – BA (Hons) Business Studies This report of is to develop an understanding of the mission and objective identification and the role of the stock exchange. Offering an insight into the implementation of strategy within an organisation and the role it plays. The report will concentrate on a FTSE 100 company; the company this report will look at is Tesco Plc. Introduction As…
profit. Tesco is owned by shareholders. Shareholders have limited liability. Limited liability is the liability of a firm's owners for no more than the capital they have invested in the firm. Tesco PLC is a British multinational grocery and general merchandise retailer In the United. A public limited company (legally abbreviated to PLC) is a type of public company (publicly held company) in the United Kingdom Kingdom. A PLC can be either an unlisted or listed company on the stock exchanges Tesco offers…
will be talking about Tesco and the NSPCC. TESCO There are many different aims for a company like Tesco but its main aim is to make a profit, the business need to make sure that its sales is more than it running cost, running cost is the day by day that incur for a business. Tesco is company that sells food but also provides clothes, insurance, toys and toiletries to the public but then again also provides a service. Because of this it is in the tertiary sector. Tesco is also known as a public…
The company employs more than 50,000 people in 34 countries and has global branded revenues of £13billion in 2011 [1]. Tesco’s PLC- Tesco is a public limited company that has more than 530,000 employees in 12 markets. They serve more than a million customers each week. The vision of the group is used to guide the direction and decisions that the organizations take. Tesco has outlets in more than 10 countries that serve customers. The company wants to be the best company for the customers they serve…