Unit 1 Assignment 1 - Exploring Business BTEC Business (Distinction Grade)
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Course
Unit 1 - Exploring Business
Institution
PEARSON (PEARSON)
Assignment 1 - Unit 1: Exploring Business. High quality and well detailed. Contains correct pictures, and is incredibly well organised and put together in terms of structure and format. High-level research with a professional sense of the layout. Using the information from this assignment will ensu...
, Introduction
Throughout this article, I will examine the characteristics of 2 different companies and
analyse what makes them successful. To begin, I will clearly define the features of the
different businesses before explaining how the two businesses are affected by their external
and internal shareholders. I'll also look at the companies' business operations as well as
their goals and objectives. Finally, after reflecting on all my facts, I would be able to identify
the causes for the success of the two contrasting companies.
Explaining the features of two different businesses
Amazon
The first company I'll discuss is Amazon. Amazon is the world's biggest online marketplace
and a leading supplier of data centres. They offer a wide range of consumer products and
video streaming, as well as their own electronic reader, the kindle. Since Amazon is a public
limited corporation, its ownership is private. The benefits of this form of ownership include
easier access to finance, as well as the power to increase money from new buyers. This
holding would also lend the business a more respectable reputation, and it would be easier
to allow deals – for example, by selling stocks to the targeted firms. There are some
drawbacks, such as the fact that if a company is listed on a stock exchange, it is expected to
have a much greater number of external shareholders to which company directors would be
responsible. Stock markets would also control the company's valuation by the trading of its
shares which will reflect the market's view of the company's success throughout time. As a
result, the financial statements of the company and actions will be inspected more closely
by the media. Amazon has limited liabilities to limit the company's legal penalties in the case
of a complaint. The company's goal is to be the most client company on the planet, and they
want to use the internet and technologies to help customers search, explore, and purchase
something. They are classified as tertiary because they have already manufactured products
and services. Amazon is a global company that ships goods to consumers all around the
globe. Finally, they are a big corporation, with 1,000,000 jobs as of July 2020.
Redbridge Food Bank
Redbridge Food Bank is the opposing company I've picked. They receive food donations
from the group, pack food parcels, and distribute them to those in need at the Redbridge
food bank. Since they are doing volunteer work, the company is owned by a non-profit
organisation. The benefits of this ownership are that they will be fee and that they will be
performing a positive thing for the community. Other boroughs would be inspired to assist
as a result, resulting in less people in need in the long term. However, there are certain
drawbacks, such as the fact that if funds or contributions are in short supply, they will be
unable to deliver food packages to those in need. Staff would still be paid less because it is
mostly a volunteer programme rather than a job. They will, however, have limited liability,
which means they will not be held individually liable until they commit theft or do actual
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