Investigating Two Types of Businesses

Investigating Two Types of Businesses

Length: 2090 words (6 double-spaced pages)

Rating: Excellent

Open Document

Essay Preview

More ↓
Investigating Two Types of Businesses

In this report in am going to investigate The Body Shop and Interlink
which are two different types ownership PLC (Public limited company)
and a Sole Trader.

[IMAGE]Task 1a)

Information about each of the companies

THE BODY SHOP plc ©2003

The Body Shop rapidly evolved from one small shop in Brighton on the
south coast of England, with only around 25 hand-mixed products on
sale, to a worldwide network of shops. Franchising allowed for rapid
growth and international expansion as hundreds of entrepreneurs
worldwide bought into Anita's vision.

INTERLINK®

[IMAGE]Interlink was opened in Vallance Road E1 by my uncle M.K Azad
he started with two computer and one phone box and a couple of phones
card the company grew larger and larger over the years until there was
20 computer and 15 phone boxes.

[IMAGE]

The body shop is a PLC but is does franchise which basically means way
of owning a business but not taking the normal risk of buying
expensive goods. I think the main the benefit of being a franchise is
that if the body shop is successful as in getting more money the
shares will increase in value, which will increase the overall value
of the company so this mean that is the company get more money the
body should could invest or it could open more franchise but I think
it would be more better if they open more franchise it would give a
name to the company. Also the body shop can often operate more cheaply
than a Sole trader as the operate on "Economies of sale" because if
the body shop buy 100 Bags they would but it in bigger quantity which
means the bigger the buy the cheaper it get, whereas a sole trader the
price will increase because they are buying a small amount than the
body shop.

But the body shop has some disadvantage for because of unwanted taker
over people from outside of the company can buy shares in the company

How to Cite this Page

MLA Citation:
"Investigating Two Types of Businesses." 123HelpMe.com. 28 Jan 2020
    <https://www.123helpme.com/view.asp?id=149081>.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Investigating Two Types of Business Organizations Essay example

- Investigating Two Types of Business Organizations Introduction: In this assignment I shall be discussing my views on two different types of businesses. The businesses that will be discussed are a sole trader and a partnership. I have chosen two separate businesses, which are both located outside the borough of Enfield. The first is a Sole Trader, 'Mario's Barbers'. The owner of the business is Mario Poliviou he is the employer of my brother-in-law Vas Demetri, so when I asked Vas about what kind of business I should report about he simply replied, "why not a barber"....   [tags: Papers]

Free Essays
1856 words (5.3 pages)

Thorpe Park's Customer Service Essay

- Thorpe Park's Customer Service Effectual customer service is or should be a fundamental aspect of any organisation that has an objective of success. It is through this process that an organisation can fully understand its customers and ensuring that it is responding correctly to customer needs and demands which are vital if the organisation is to gain competitive advantage. In 1991, freematle quotes: “Customer service is the final test. You can get everything else right in terms of product, price and marketing but unless you complete the process with incredibly good customer service, you run the risk of loosing business or even going out of business”....   [tags: Consumerism Businesses Essays]

Research Papers
3500 words (10 pages)

Essay on Investigating Whether the River Yangtze Should be Dammed

- Investigating Whether the River Yangtze Should be Dammed Introduction: If everything goes to plan, China by the year 2009 will have finished the biggest, most expensive, and perhaps the most risky hydroelectric project in history. The dam is 1.3-mile-long, 610 ft high and will create a reservoir as long as Lake Superior. The Chinese refer to it as "the lake within the gorges." It will meander 385 miles upstream through cliffs, all the way from the concrete ‘megadam’ near Yichang upriver to Chongqing....   [tags: Papers]

Free Essays
723 words (2.1 pages)

Essay on Investigating How Housing Differs Across Northampton

- Investigating How Housing Differs Across Northampton Text Box: Concentric Zone ModelThere are three different areas within a city; CBD (Central Business District), Inner City and Outer City. These different areas depict different types of residential, industrial and commercial land use. For my GCSE coursework I am going to investigate the different types of residential land use across the city; once in the CBD, once in the inner city and once in the outer city. [IMAGE] Northamptonfrom the Prospective of the Concentric Zone Model [IMAGE]Northampton is a large town situated in the East Midlandsbetween London and Birmingham along the M1....   [tags: Papers]

Free Essays
2263 words (6.5 pages)

Investigating Two Local Businesses Essay

- Investigating Two Local Businesses The two businesses that I have decided to investigate are Sealy Beds and Asda. I have chosen these two businesses because they are local and easily accessible, in the past either a family member or me have shopped in it. These two businesses are quite the opposite; Sealy Beds manufactures their own products and sell them to different stores. Whereas Asda buys their products off other brands and sells them in there own supermarkets. General Information on Sealy Beds Sealy Beds UK is a part of the Silentnight group that is based in Lancashire....   [tags: Papers]

Research Papers
2380 words (6.8 pages)

Investigating Systematic and Idiosyncratic Risks in Money, Banking and Financial Markets

- Risks, the Effects and Affected At some point in our lives, we have all experience some form of risk either a systematic or idiosyncratic risks. According to authors, Stephen G. Cecchetti and Kermit L. Schoenholt’z book, Money, Banking, Financial Markets, “Risk is everywhere. It comes in many forms and from almost everywhere imaginable place. All risks can be classified into one of two groups: (1) those affecting a small number of people but no one else (unique or idiosyncratic risks) and (2) those affecting everyone (systematic or economy wide risks) (ch.5 p.110).” The main point of this paper is to investigate systematic and idiosyncratic risks, what causes each to occur and how they can b...   [tags: economics, investments]

Research Papers
1044 words (3 pages)

Investigation of Two Businesses Essay

- Investigation of Two Businesses Stakeholders are people who have an interest or influence in the business. Examples of stakeholders that I will be discussing are customers, employees, shareholders, community and the government. The two businesses that I have chosen to investigate are Asda and Monica convenience store (Mcs). The owners or shareholders of Asda expect the business to expand and do well. They would expect the business to make a high turnover and they would expect all their products to be of a high standard....   [tags: Papers]

Free Essays
1194 words (3.4 pages)

Investigating Two Types of Communication Systems in School Essay

- Investigating Two Types of Communication Systems in School Terms of Reference ================== In my coursework I am going to investigating two types of communications systems in the school. These two communications systems are internal communication and external communications. Internal communication in school takes place between the teachers, parents and pupils etc.(people in the school).. External communication in the school takes place between the schools and organizations outside of the school....   [tags: Papers]

Free Essays
3186 words (9.1 pages)

Types of Businesses in America Essay

- Types of Businesses in America American society has always been optimistic towards their future. The American nation is a capitalistic country. Many individuals are influenced to start up their own businesses with their own ideas. The government helps and regulates all business. There are three types of businesses sole proprietorships, partnerships and corporations. A sole proprietorship would be my best choice to start up my own business. This form of business is the easiest to start. In the states a federal license or permit is needed to sell products or serve a service to the public....   [tags: Business Law]

Research Papers
1338 words (3.8 pages)

Investigating How Businesses Work Essay

- Investigating How Businesses Work It is Tescos staff makes the difference where it matters most - with customers. And when you've got 240,000 people around the world with 190,000 in the UK alone, that's a lot of opportunity to make a difference. Delivering to customers through there staff means that every one of our managers needs to be a strong leader as well as a great trader. A leader who lives our Values and is there for their teams by providing the help and opportunity they need to succeed....   [tags: Papers]

Research Papers
2017 words (5.8 pages)

Related Searches

and if they are able to get at least 51%, then they can have a say in
the company.

[IMAGE]Also an annual meeting (AGM) must be held each year and the
entire shareholder must be invited. Shareholder who doesn't agree in
which way the company is managed may raise objection or choose against
a proposal made by the directors.

Liability

Although the body shop operates franchises the owners have limited
liabilities. Limited liability mean that, if the business goes
bankrupt because it is unable to meet its debts, the share holder/
owner will not be to lose their possessions to pay the money that is
owned. The maximum amount they could lose is the amount they have to
put in to there share.

[IMAGE]The advantage of Interlink is that a sole trader is very easy
to set up. Also a sole trade is his or her own boss and does not
receive any order for anyone. A sole trader a work for as long as they
want to also the can choose what day they want to work, there are
minimum of paper work

There are also some disadvantages for Interlink for instance you have
to work long hours i.e. if you don't meet you target profit then this
mean that you are losing profit which could also mean extra hours.

If my uncle is sick this would cause a great deal because this would
mean he is losing money, which is very bad and could harm the
business. The owner has unlimited liability for any debts this means
id the business is unsuccessful the owner have to sell personal
possession (house, cars e.t.c).

1b)

Interlink provide a service, he provide a service by letting people
use the Internet and using phone to call other countries.

The reason why my uncle is a sole trader is because he wants to keep
all the profit to himself and not give it to any one else. He knew
that a sloe trading would easy to setup. I asked my uncle why don't
you make a limited company and he said he wanted to keep it small
because he wanted to improve his financial status. Also he preferred
to make the decision him self and not any one else basically he wanted
to run the business the way he wanted it.

The body shop sells hand made product, which have not been tested on
animal because the shop strongly doesn't agree whit animal testing.

The reason why the bodies shop suites its ownership is because the
body shop is a franchise so it keeps on opening new shop and I think
this is good because this will increase the profit of the company.

The only reason why the body is a franchise is that it doesn't need to
find any outlet the franchisee would find it without the help of the
franchisor also the franchisee would work hard for the success of the
franchise.

2a) INDUSTRIAL SECTOR

All business belongs to three main sectors it doesn't matter whether
they are private or public:

Primary industry - That part of the economy concerned with agriculture
and the extraction of raw materials

Secondary industry - That part of the economy concerned with the
manufacture of goods

Tertiary Industry - That part of the economy concerned with the
provision of services

[IMAGE]The Primary sector

The primary sector, whose goods are sold in commodity markets, forms
the basis of many developing economies. As economies develop the
primary sector becomes less important and the secondary and tertiary
sectors take over

Many primary products are "non-renewable": which basically means
limited in supply and will eventually be completely run out

Secondary sector

[IMAGE]The secondary sector, whose goods are sold in consumer, in
recent decades the secondary sector, has declined in importance for
many developed economies. Certainly in the UK, the secondary sector,
and manufacturing in particular, has rapidly declined in importance.
Operating in the secondary sector poses many problems, but
increasingly the key issue for UKmanufacturers is that of adding value
to their products. Faced with cheaper imports from developing
economies like Bangladesh.

The secondary sector is that of ensuring they can turn raw materials,
into something that consumers will pay for example tables cars glass.

In the UK we have examples of successful secondary sector businesses
e.g. Dyson who manufacture vacuum cleaners and washing machines. But
equally we have many examples of secondary sector business that have
failed to stay "one step ahead" of the competition. The motor vehicle
industry is possibly an example of this.

[IMAGE]



The Tertiary sector
===================

The tertiary sector, whose service is sold in consumer .In recent
decades the tertiary sector has increased in importance for many
developed economies, In the UK the tertiary sector is by far the
biggest proportion of the economy. Operating in the tertiary sector
poses similar problems to that of the secondary sector: they still
need to add value to their products and they still face competition.

Yet because a good deal of service sector business requires "face to
face" contact with the customer, it is a little harder for overseas
competition to take customers away. More significant is the idea that
much of the service sector is based on the knowledge economy i.e. that
knowledge and information is worth money and those who posses it have
the upper hand.

One good example of this is the Banking industry, which has gone
through enormous changes in recent years. Using information and
communication technology, banks have vastly reduced the number of
staff they need. Many banks and building societies have merged to form
much leaner businesses capable of extracting more profit from a wider
customer base. The key to this process is gaining information about
their customers and constantly communicating new products to them.

2b) The body shop belongs in two industrial sectors which are
Secondary and tertiary because they pack their products and sell them
in their shop.

Interlink is only in the tertiary sector the tertiary is split in to 4
groups public service, financial and business service, transport and
communication and retailing, distribution, hotels and catering and
Interlink Belong Into uncle belong to the retailing.

2c) There are also other business in the same sector as mine these
include businesses like Iceland, Safeway's, Ford, Honda e.t.c

Interlink belong in the tertiary sector He provides a service here are
some other business that provides a service, Adam's solicitors
Shadwell, Hair dressers e.t.c

2d) This chart below show the UK employment by sectors (1989-1997)

Graph A Employment trends

Sector

1989

1991

1993

1995

1997

Primary%

4.91

4.6

4.27

2.31

1.55

Secondary%

27.03

24.24

22.64

22.05

2.55

Tertiary%

68.96

71.16

73.09

75.62

75.9

[IMAGE]


As you can see in graph and it show how many people were employed
through 87-97 the reason why I have chosen this graph is because I
couldn't find the most up-2-date records.

In this graph it shows that the tertiary sector is increasing so this
means that there are more jobs in this sector, however the primary and
secondary sector is decreasing because it show that there are more and
more people moving to the tertiary.

Graph b What is produced by these sectors

Sector

1989

1991

1993

1995

1997

Primary%

7.19

7.16

7.02

6.84

6.35

Secondary%

31.16

27.48

25.86

26.76

25.73

Tertiary%

61.65

65.36

67.12

66.39

67.92

[IMAGE]


As you can see in this graph it shows what each sector is producing.

You can see that the primary sector is declining this show that there
are less products being produced whereas in the tertiary sector it so
a slow increase the reason why I think this is because if there are
less people in the primary and the secondary sectors because they have
moved in to the tertiary sector so there out put has increased because
there a many more people working in this industry.

[IMAGE]3a)

[IMAGE]The Body shop Core business is to sell hand mixed products to
people in 50 countries; this is the biggest income for the business
because this is there main activity. The business carries out these
activities buy placing adverts in international and national
newspapers, internet also on bill boards this will bring customers
into the business and this will help the body shop achieve its core
activities. Also the business carries out other activities for example
sell men aftershave also they sell Home Fragrance, they sell hair
products, and it isn't just an ordinary shampoo it's made with fruits
extracts.

In order to do this they have to buy a premise also they'll need some
equipment for example they would need EPOS (electronic point of sale)
Tills the reason why they would need this is because if a customs buys
a cream the system automatically updates the system basically they
could tell if one product has ran out so they could order new ones,
they would need members of staff like Sales assistance, manager,
supervisors e.t.c.

[IMAGE]Interlink is a Internet café

[IMAGE]The business has a lot of activities they do thing like
'Sending money all over the world' the reason why they do this is
because the shop is located in the Bengali community and Bengali
people always send money to the home land to help the parents also he
sell Air plane ticket to people he does this because some people go to
other countries and others go on HAJJ (holy pilgrimage) he sell the
air tickets at very low prices.

Interlinks core business activities is to let people use the internet
and use the phone booth to call international countries but it also
has other activates such as selling phone facieses.

In order to do this he need to buy a place in a suitable location then
he need to get some fast computer to cope with the T1 connection after
that he needs to get some phone booths and to enable international
call dialing.

He provide this by letting people come in to the some and use the
facilities he doesn't allow more than two people at the computer the
reason for this Is because if there are a lot of people next to the
computers one of them could brake and some might get stolen. The
opening hours for the shop are 9:00am to 10:00pm Monday to Sunday.

The beauty business in general is increasing because you could tell
this by how many out are open, here are some shops in the beauty
industries BOOTS AND THE BODY SHOP, these shop are everywhere because
male and females want them self to look good you could tell this when
you ever you go to a shopping center you would see a beauty shop
either BOOT or THE BODY SHOP also the other reason for this is because
there is more demand for beauty products and people don't wan tot
travel far distances.

Task 4 a,b,c

The body shop has many outlets for example there is one in Stratford
shopping centre London here is a map of the shopping centre also the
shopping centre has it own car park this is only available for people
who are willing to pay a small amount of money to park the car park is
situated very close to the shopping centre.

As you can see there are tube stations and a bus station this is good
for the customers they can travel by train, bus and car. The reason
why the body shop is located there is because they have done some
market research you could tell this because how many people go through
the shopping centre every day.

There are many factors that concern the business for example safety
they must have a fire exit the reason for this if there is a fires and
there is over 100 people in the shop where would they go? They would
have to go through the fire exit.

Interlink is located in Vallance Road E1, the shop is right next to a
School (3) and plus next to a street market (2) here is a map

As you can see it is very close to Whitechaple Tube Station (3) so you
could tell that many people are going to go to the shop because the
shop is advertised next to the tube station also there is a shopping
center close by. Interlink is very close to a street market this is
good because if someone need to phone another person they could go to
his shop and get a phone card.

There are many factors that concerns interlink for example Competition
because if there is another shop close by and they are doing the same
activities and interlink thee people might want tot go to the new shop
therefore interlink business will go down.

Task 5a

Stakeholders are individuals or groups who have an interest in what a
business does and either is affected by what the business does or
affects the business by what they do.

Who the stakeholders are for interlink?

Radial Diagram

Who are the stakeholders for The Body Shop?

Radial Diagram

5B

[IMAGE]All of the stakeholder have an interest in the business for
example the employee are interested in wages and working conditions
because if the business did not pay the employees then the business
will crumble and employers like to work in a safe environment and if
the business did not provide that then it would loose employees and
then the staff turnover would be very high.

Also the communities are interested because if a new shop comes in the
community they this would mean less noise and crime because the
business would try to prevent Anti social Behavior.

Customers would be happy because if the business meets it needs they
the customer will all ways come back to the shop because it had the
right item that the customer wants.

Suppliers would have an interest because if they get a new client this
would mean money and if the supplier has money then they could keep
the cost low and it would help other business as well.
Return to 123HelpMe.com