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Unit 1 – Exploring Business – Assignment 1· Introduction (In this assignment I will be discussing …..)
Discuss the role of normal businesses?
Discuss the role of charitable organisations?
Task 1
Business 1 (Put in actual name of Business for eg: Tesco: you can pick your own
business)
Give a detailed background on your chosen business
· Who was the founder and when did they open?
· Discuss the purpose of the business
· What they sell or what service they provide? (Discuss the product range)
· Discuss their pricing strategies?
· In your opinions discuss how successful they are in what they do and why do you think
that?
· What social causes do they help?
· How many employees do they have and why are they important for the business?
· Discuss the size of the business. Micro/small/medium/large
Business 2 (Put in actual name of charitable organisation)
· Who was the founder and when did they open?
· Discuss the purpose of the business
· What they sell or what service they provide? (Discuss the product range)
· Discuss their pricing strategies?
· In your opinions discuss how successful they are in what they do and why do you think
that?
· What social causes do they help?
· How many employees do they have and why are they important for the business?
· Discuss the size of the business. Micro/small/medium/large
For both of your business clearly discuss the factors below:
Business Range
, Where the business supplies its products and services? (Local, national, International
Global?), which countries are they based in? (Define each one and then make
application to your businesses.)
Business purpose
Highlight the difference between a product and service (Tangible and intangible item)
and make application to which on applies to your business? Define each one and then
make application to your businesses.
Business Sector
What Sector are they in? (Public, private, not for profit) Define each one and then make
application to your businesses.
Business Activity sectors?
Explain and apply (Primary, Secondary, Tertiary, Quaternary) Define each one and then
make application to your businesses.
Business ownership
(Sole trader, plc, charitable trust, government agencies) Define each one and then make
application to your businesses.
Liability of businesses:
Talk about limited liability (What is it?)
Talk about unlimited liability (What is it?)
Link back to both of your businesses
Task 2
Define what a stakeholder is?
Define the two types of stakeholders and provide examples of each on.
Under each stakeholder for both of your businesses discuss the following:
· Define the stakeholder and discuss if its internal or external?
· Discuss how well your business communicates with this stakeholder?
· How can this stakeholder positively affect the business?
· How can this stakeholder negatively affect the business?
· Discuss how this stakeholder contributes to the success of the business/organisation
· How can this stakeholder contribute to the business being unsuccessful?
Business 1 (Put in actual name of Business for eg: Tesco)
• Managers
• Employees
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