Business Unit 1 P1

Tesco started in 1919 when jack cohlen started selling surplus grocery from a stall in east London. Mr Cohen who is the founder of Tesco made a profit of £1 from a sale of £4 on his first day.   And today Tesco is the UKs biggest supermarket company by employing about 89000 people internationally and still expanding.

Tesco is an international company they got their branches in over 14 countries which includes china, japan, Malaysia, Thailand, Mexico and many more. They got over 2500 stores internationally all around the world.

Tesco is a public limited company or PLC that’s national (spread all over the parts of UK) and is also in every local borough in London. Tesco’s belong to the tertiary sector because it does not make products as such but it mainly provides a valuable service that consumers and other business are prepared to pay for and/ or use. Tesco sells different types of products and most of them are fair trade. Some other companies or people who have their own business buy shares or a section inside the actually shop floor and sell their own products which makes their own profit. For e.g. if you visit a Tesco shop floor there is specific section for cultural products/foods that people usually have to travel to different places to find. Tesco have made it easier as they have sold shares to business that provide cultural/food products for customers and it will make it easier for them to find their own goods in public limited companies.

The main purpose of Tesco is to make profit and expand their business. Their 2nd purpose is to help people save money by selling their product cheaper compare to other super market stores.
Tesco is a secondary sector because they make some items themselves like when the products have the Tesco brand make on it.   It means it’s made by them and tertiary because they provide variety of different services like home insurance, car insurance, phone contracts etc.

Tesco is a PLC ownership which stands for public...