Essay about Into to Tesco

Submitted By dan495

Words: 334

Pages: 2

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Introduction to Tesco The name of the company that I am going to be studying is called Tesco. It has its headquarters in Chesunt, but has many stores around the country. These stores are in many cities including Manchester, Birmingham, and London. It has many types of stores and includes Tesco Extra (24 hour), Tesco Metro (located in town centres) and Tesco Express (attached to garages).

It sells many things including food and non-food items. These items include: toys, food, drinks, toiletry, CDs, videos, DVDs, books, cosmetics, medicine, tobacco, alcohol, fruits, vegetables, electrical goods, clothes, organic food. In Newport there are stores based at Spytty and Maesglas. The type of ownership that my company has is public limited company. This means it is a large company with many employees. It has shares on the stock exchange and anyone over 18 can invest in a share. This will make anyone who has bought the share a part owner of the joint stock company. As Tesco is a joint stock company the shareholders want a good return on their capital and to receive a dividend each year. If the company went bankrupt then the owners would have to pay off all of their debts, this would even mean selling their houses and cars. The main objective of a business is to make a profit. If a business did not make a profit, it could not survive for long as it would be spending more than it received. A business needs to make a profit to pay- suppliers, employees, taxes, a

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Tesco Tesco PLC is a British multination grocery and general merchandise retailer which is the third largest retailer in the world measured by profits and second largest retailer in the world measured by revenues. It has stores in 12 countries across Asia and Europe and is the grocery market leader in the UK. Jack Cohen founded Tesco in 1919 as a group of market stalls. Tesco dominates the UK food and grocery market as it accounts for almost a third of all grocery sales. Tesco has a extensive range…

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Tesco History 1919- Jack Cohen began selling surplus groceries from a stall in the East End of London. On the first day Jack Cohen made a profit of £1 on sales of £4. 1924- The first own-brand product sold by Jack was Tesco Tea. 1929- Jack Cohen opened the first Tesco store in Burnt Oak, North London. The store sold dry goods and the first ever branded product tea. 1947- Tesco Stores was floated on the stock exchange with a share price of 25 pence. 1955-Tesco bought 19 Burnards stores…

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