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Business Btec Level 3 Extended Diploma
- Module
- Unit 1 Exploring Business
- Institution
- PEARSON (PEARSON)
Unit 1 Assignments.
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P1,P2,P3,M1Unit 1 Assignment 1:
Unit 1: Exploring Business
The features contributing to the
success of contrasting businesses
Resources:
www.asda.com
www.bhf.org.uk
, P1,P2,P3,M1
This assignment is about the features contributing to a successful business. In this
assignment I will be exploring two different businesses, a public sector business and
a private sector business. I have chosen to study Asda, which is a national retailer
aimed to provide goods and services that are affordable to the public and the second
largest retailer store in the UK.Whereas the British Heart Foundation (BHF) is a
charity organised in the UK. Its aim is to be able to fund research to beat heartbreak
from heart and circulatory diseases including their risk factors.
P1: Explain the features of two contrasting
businesses.
What are the business about?
Asda Living Stores offer a range of affordable food, on-food and general
merchandise to their customers. Founded on the 19th February 1949 Leeds, by Noel
Stockdale and J.W. Hindell Asda managed to become a successful well known
retailer within the UK serving at least 18 million customers, nationally, each week.
Asda PLC operates in the private sector as a public limited company. Thus, the
company’s shares are purchased by common people who benefit from the
performance of the company and are known as the shareholders of the
company.Asda has a limited liability which means that it is likely to lose the money
that they have invested in their business. Google states that currently, ASDA has
165,000 employees all over the UK, making it a large business.
The British Heart Foundation is a charity organisation was founded in 1961 by Dr
Desmond Julian. Their mission is to win the fight against cardiovascular disease.
They are aiming for a world where people do not die prematurely or from a
cardiovascular disease. More than 3.5million people have been trained in schools by
Heart Start around the UK.
British Heart Foundation operates in the voluntary sector as a company limited by
guarantee. The British Heart Foundation has a public liability insurance which
extends its legal liability to include Heart start activities as they pledge to “Fight for
every heart beat”. The British Heart Foundation is a successful business as it has
trained over 3.5million individuals. In the year 2014, they raised more than £147
million.
P2: Explain how two contrasting businesses are
influenced by stakeholders.
A stakeholder is a unit that has interest in a company that can have affect or be
affected by the business. Within every business their a 2 types of stakeholders,
external and internal. An external stakeholder is a group or individual like, lenders,
costumers, the public and suppliers who are encouraged in a business but are not
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