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P1 BTEC Business Level 3 Unit 1 Exploring Business
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P1 BTEC Business Level 3 Unit 1 Exploring Business
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Narges AhmadiUnit 1: Exploring Business
Learning Aim A
To achieve learning Aim A, I will be exploring the features of different businesses and
analyse what makes them successful.
P1
Introduction
The two contrasting businesses I will be discussing are Marks and Spencer (M&S) and the
National society for Prevention of Cruelty to Children (NSPCC.)
Marks and Spencer
Marks and spencer is a British retailer in London, England. They specialise in Food, Clothing
and home products. M&S was found in 1884 by Michael Marks, who was a polish refugee
who opened a stall in Leeds. Later in 1894 Marks partnership with Thomas Spencer, a form
cashier. They sell in UK and 62 countries, 1,519 stores and 44 websites worldwide with 85
000 employees however due to Covid-19 the number of employees significantly dropped by
7000.
Marks and Spencer’s also offer M&S bank with a range of financial services, this includes
credit card, current accounts and savings, insurance and mortgage.
Marks and spencer make a group revenue of £10.2 Billion and £403.1 million profit before
tax and adjusting items. Their group revenue however has decreased by 1.9% and the group
profit before tax has also decreased by 20.2%. Despite the current pandemic Marks and
Spencer’s Food industry sales has increased by 2.1%.
,Narges Ahmadi
Types of Organisations
There are 3 type of organisations the private, public and non-profit organisation.
o Private sector- includes man different types of businesses. There is sole trader,
Partnerships, Franchise, Co-Operative, Private limited company (PLC) and Public limited
company (LTD)
- Sole trader: a sole trader is any business that is owned and controlled by one
individual Although they may have employ workers they are still the sole owner of the
business. Examples of sole traders are such as plumbers, hairdressers or convenience
stores
- Partnership: is when two or more people are owners of a business. They have shared
control over the business and share profit together. examples of partnerships doctors,
dentists and solicitors.
- Franchise: when a business gets an authorisation from a company or group to use
their name and logo. This enables the business to sell the franchisor’s goods/service.
The franchisee has to pay a portion of their revenue to the franchisor. An example of
franchise is KFC.
- Co-Operative: is a member owned business that is owned by at least 5 people. All of
the members are allowed to equal vote nevertheless of their involvement or amount of
investment however all members are expected to contribute in helping the business run
and flourish. An example of a Co-Operative is thehive.
, Narges Ahmadi
- Public limited company (PLC): is a company that offers their shares to the public on
the stock exchange market. They allow the public to invest into their business. An
example of a public limited company is Tesco.
- Private limited company LTD): is a company that offers shares to only family and
friends also they have a limited amount of shareholder of up to 50.
A private sector is run and owned by individuals aimed to make as much as profit as possible,
this profit benefits the owners, shareholders and investors.
o Public sector- the public sector are organisations that are operated and run by the
government to provide services to the public. These organisations do not pursue to make
profit like the private sector does. Examples are state schools, social care, National health
service.
o Not-for-Profit/ voluntary sector- is an independent sector that help create impact in
society rather than generate profit. This is any charity work. Their main aim is to raise
awareness to current issues and to help people by raising funds. Examples of this sector
are Environmental Protection UK, World vision, social welfare organisation: Human
Rights.
The Not-for profit/voluntary sector are run by trustees. These organisations aim to help
specific issues.
Marks and Spencer- is a public limited company and a part of the private sector as its main
objective is to generate profit.
Marks and Spencer’s liability
There are two types of liability:
1. Limited liability- when a business has limited liability it means that the owners
personal assets are not at risk as the company is separate from the owners, meaning
the owners would not have to deal with debts but the company will. The owners and
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