Physical Recources

In: Business and Management

Submitted By tashaxxo
Words 448
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Report on Tesco and Oxfam

For this assignment I will be researching Tesco and Oxfam. I will be researching the ownership, what the business does, their mission statement and their stakeholders.

Tesco is one of the world’s biggest superstore. In 1919 Tesco was founded by Jack Cohen. Tesco started out as a market stall in London. Today, Tesco operates in 12 counties around the world, has over 530,000 employees and has tens of millions of customers which they serve In over 80 million shopping trips a week.

Tesco is a plc (a public limited company) this means that the public can buy shares, the shareholders are entitled to part of the profits. Tesco’s shareholders have limited liability, this means they are only liable for the amount of money they invest into a business.

Tesco is at profit, which means they are making money on the products they sell. Profit is the difference between cost and sales revenue. The profit made can then be reinvested into the business.
Mission Statement
Tesco’s mission statement is ‘To be the most highly valued business by: the customers we serve, the communities in which we operate, our loyal and committed colleagues and of course, our shareholders.’

What is a stakeholder? * Stakeholders: People with an interest in the success of a business

Stakeholder | Reason for Interest in the Business: | Their Objective for the Business: | Workers | Without the business they wouldn’t have a job or get paid | For the business to survive and make enough money to pay their wages | Managers | As above, plus managers are more involved within the business so the performance of the business reflects their abilities | To make a profit – this may cause conflict with workers as managers may have to reduce staff costs in order to ensure a profit is made | Owners | They have invested money into the business | Make a profit | Customers | The…...

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