Essay

Essay Unit 1, Exploring Business

0 purchase

Course
Unit 1, Exploring Business

Institution
PEARSON (PEARSON)

a report that investigates and assesses the reasons for the success of these two businesses. The report will evaluate how each organisation’s features, and the relationship and communications with internal and external stakeholders, supports and enables the business in achieving its aims and ...

[Show more]

Preview 3 out of 20 pages

View example

Uploaded on January 7, 2022
Number of pages 20
Written in 2020/2021
Type Essay
Professor(s) Unknown
Grade A

buisness
unit 1
exploring business
stakeholders
research
organisation structure

Study Level
BTEC
Examinator
PEARSON (PEARSON)
Subject
BTCE Busisness
Unit
Unit 1, Exploring Business

$13.83

Add to cart

Save

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

Business Exploring Business Riley Hammond

BTEC Assignment

Unit 1: Exploring Business

Riley Hammond

Task 1

1

,Business Exploring Business Riley Hammond

P1- Explain the features of two contrasting businesses.

MRC Print is a United Kingdom based enterprise that is a large format print management company.
They print large run magazines and catalogues supplying between 20,000 - 5 million copies. The
business produces all their products in England and buys all Martials within the UK, the
business also has two stores within England one in Chelmsford and another in Stoke in these
stores the products are both designed and manufactured. They provide their products all over
the UK and are very successful because they have kept to their key principles and business plan.
Gary Hall is the entrepreneur of the MRC Print which he set up 14 years ago. Prior to starting his
business Gary had worked in the printing industry for 10 years which gave him a good understanding
of what he needed to do to run a successful business. The enterprise currently has 7 employees and
the business ownership is a private limited company this is where the owner controls who
can buy shares into the company, if the owner allows shares to be bought it mean that
person will have a certain percentage of ownership, unlike a public limited company shares
cannot be bought by the public and any shares cannot be sold on the stock exchange.
Shareholder is an owner of shares in a company, as the company is a LTD the owner will
have the power to allow shares and turn them done, the company doesn’t have any
external shareholders only internal shareholder such as the owners and manger and due to
it being a LTD it means any shares put into the business means they have a certain amount
of ownership. This benefits MRC Print has it is another source of financial income which
helps boost the businesses capital.

MRC Print has only 7 employees, this has been the same 7 employees for the last 3 years
and with Covid-19 MRC Print has kept the jobs even through the high employment rate.
MRC Print has kept they turnover within the business, but when looking at the total assets it
is at £2.27 million and total liabilities of £-1.8 million and this means they have net assets of
£472.14 k1. MRC Print has a very quick and easy service to provide the customers with the
products. The business in its early years went into just producing flyers and posters, but
over the years has gone further into the sector and now produces banners to catalogues
and now provide much now in the printing industry. MRC Print has a debt ratio of 79.18%
this has gone down by 3.14% and has been doing down for the last year. MRC Print has been
trying to get out of this debt and they are doing this by trying to get more sales and to do
this they are trying different advertisement method.

MRC Print is a very customer focused business and makes all products and services to the
best of their ability. For the previous customers at MRC Print they have left great reviews
and, in the reviews, they mention the customer service. MRC Print has very well-known
clients such as Virgin and British airways both that regularly buy products from MRC Print.
The business provides wider choices of different print methods and what to print unlike
many other print businesses the choices MRC print provides are a lot more diverse. MRC
Print doesn’t really use any advertisement methods other than using their clients to tell
other business. MRC Print as a good reputation with its customers and has consistent
1
https://suite.endole.co.uk/insight/company/10729864-mrc-print-limited

2

, Business Exploring Business Riley Hammond

customers which most other business don’t have in the print industry. The business
increased its market share by having a new facility in stoke to have that spread across the
UK.

Tesco PLC is an international business located in United Kingdom, Ireland, India, South
Korea, Czech Republic, Slovakia and Hungary. Tesco is a public limited company meaning it is
listed on the London stock exchange, people can currently buy a share at the price of
222.00,2 as Tesco is a PLC the company will have its own legal status and has limited liability
meaning the owners and shares are equal in terms of the amount of debt (they will only lose
the amount they have invested). When looking at the amount of shareholders Tesco has it is
a very high number due to it being open to the public and it is also the third-largest retailer
in the world measured by gross revenues and ninth in the world measured just by revenues.
Tesco plc is an international British groceries and general merchandise retailer. Tesco has
thousands for different products for sale and only certain products are British made,
whereas they are products that are brought in from all over the world. When talking about
the international side of the business it has over 6,800 stores worldwide and just 3,900
stores are located within the UK. Tesco started in 1919 and sold a war-surplus grocery which
is just army essential such as clothing, pandemic kits and other general military items. Now
Tesco has grown in to different sectors such as food grocery, clothing and now even
technology products.

Tesco PLC has over 450,000 employees as from 2019 but sadly due to Covid-19 this has
plummeted to 423,092, and gets a yearly turnover of £45.2 million (on average over the last
five years) although Tesco had an increase of 7 million in 2019 at a total turnover of 51
million. The profit rate of Tesco from 2016 too 2018 was at 5.2%, but over the last twelve
months it has a profit rate of 6.6%3. Tesco has many reasons for being successful, one of this
is because of its powerful and well-known brand, it has reputation for value with its low
prices and for being so customer focused, the business has also gone into different sectors
and markets that’s are in need by the public and customers, such as Tesco mobile or Tesco
Finest, where Tesco provides its own branded products. Tesco is currently in debt but
around 2015 Tesco faced its worst every debt, since 2018 the business started making more
sales. This is because the new markets and sectors the business invested it has proven it can
work and is saving the company from its record-breaking debts. Tesco has a debt of 56.28%
which is a much lower figure than the previous year which was 114.74%. 4

Tesco PLC, like mentioned before reasons for the success is due to the different sectors and
markets the business as invested into, like most other supermarkets they have their own
branded products called Tesco Finest, but they stand out from similar businesses because of
Tesco mobile and Tesco bank which no other supermarket has gone into, Tesco found that
gap in the market. Tesco has a powerful band meaning it has a high reputation by its
2
https://www.londonstockexchange.com/stock/TSCO/tesco-plc/company-page
3
https://www.tescoplc.com/
4
https://markets.ft.com/data/equities/tearsheet/financials?s=TSCO:LSE

3

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller rileyhammond1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $13.83. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64419 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Exam (elaborations) ·