Unit 1 P1 Tesco

Unit 1 assignment A
P1

Introduction to the businesses
Tesco is a UK based Supermarket Company which was founded in 1919 by Jack Cohen, since then it has grown to become a multinational company which specialises in a lot more than just groceries, this has improved the overall profit of the company. The overall employees recorded at the end of 2015 was 476,000+, this shows that is a source of employment for nearly half a million people in the UK. The supermarkets are no longer just in the UK they also have shops based in Malaysia, India and Poland, this presents that they are increasing the size of business to a multinational company and is also a good source of jobs for people in poorer countries. In the world over 75million people travels

They also have the purpose of making families less stressed during the period of time when they have a member of their family who has cancer. The overall purpose of the company is to Research cures and help towards cancer.

The sector they operate in:
The supermarket Tesco operates in the tertiary sector which is where all the final products are sold to customers for a price higher than production to make company profits, they can also be part of the secondary sector which is the way they sell their own products which come under the Tesco brand.
The sector which cancer research operate in is quaternary and tertiary, this is due to the fact that they do research for cures of different types, and they also operate within the tertiary sector which means they sell the clothes in the charity shops.

The scope of the

Customers will have certain needs which want met because they are interested in the business because its where they shop, they may demand lower prices or better value for money , new and improved products could be something they want because they are loyal to the supermarket so they want to see it improve and get better over time. Employees are also a part of the stake hold system, they will request higher salaries, better working conditions and job security and even in some cases they will want a job