SUMMARY BTEC Business Level 3: Unit 1- Exploring Business (Distinction).
42 views 0 purchase
Course
BTEC Business Level 3 (BTEC)
Institution
Pearson (PEARSON)
SUMMARY BTEC Business Level 3: Unit 1- Exploring Business (Distinction). Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1
Tesco PLC (Public Limited Company)
BTEC level 3 National Extended Business Studies – Unit 1: Exploring Businesses
A.P2 – Explain How two contrasting businesse...
summary btec business level 3 unit 1 exploring business distinction
summary btec business level 3 unit 1 exploring business
summary btec business level 3
summary btec business level 3 unit 1
s
Written for
Pearson (PEARSON)
Unknown
BTEC Business Level 3 (BTEC)
All documents for this subject (3)
Seller
Follow
DoctorReinhad
Reviews received
Content preview
SUMMARY BTEC Business Level 3: Unit 1- Exploring Business
(Distinction)
, BTEC level 3
Pearson BTEC Level 3 Unit 1 Exploring Business Assignment 1
Tesco PLC (Public Limited Company)
BTEC level 3 National Extended Business Studies – Unit 1: Exploring Businesses
A.P2 – Explain How two contrasting businesses are influenced by its stakeholders
A.M1 Assess the relationship and communication with stakeholders of two contrasting business
using independent research
B.P3- Explore the organization structures aims and objectives of two contrasting businesses
Tesco PLC
B.M2 Analyses how the structures of two contrasting businesses allow each to achieve its aims and
objectives
AB.D 1- Evaluate the reasons for the success of two contracting businesses, reflecting on evidence
gathered
Unit 1: Exploring Business- Assignment 2
D1 Unit 1: Exploring Business
C.P4 – NSPCC’s Organizational structure
Unit 1: Exploring Businesses M4- Assess how a given business has responded to changes on a
market
Unit 1: Exploring Businesses D2 – Evaluate the extent to which the business environment affects a
given organization, using a variety of situational analysis techniques
Unit 1: Exploring Businesses D3 – Evaluate how changes in the market have impacted on a given
business and how this business may react to future changes
P1 Unit 1: Exploring Business
National Society for the Prevention of Cruelty to Children (NSPCC)
P4 M3 BTEC Business Level 3 Unit 1: Exploring Business
BTEC Business Level 3 P2 Unit 1: Exploring Business
__________________________________
Pearson BTEC Level 3 national Foundation Diploma in Business Unit 1:
Exploring Business- Assignment 1
Learning Aim:
A: Explore the features of different businesses and analyses what makes them
successful
B: Investigate how businesses are organized
Assessor: Suzanne Sharpies
Assignment title: Features contributing to the success
of contracting businesses
Introduction
This assignment has been studied for a Public limited company and a non-profit organization, which
therefore is Tesco PLC and Cancer research UK has been chosen. The characteristics of these two
successful companies will be carefully explored. Therefore, an introduction will be implemented
1
,which will be contrasted with the following ownership and liability, company establishment,
liabilities, purpose and industrial sector of the two companies.
1/A.P1 Explain the features of two contrasting businesses
Summary
Cancer Research UK is a non-profit organisation a registered charity. A non-profit
organisation like Cancer Research is an organization that doesn't receive cash for its owners
has an objective like donating cash to social causes. A non-profit organisation has much
more to do than just make profit.
The characteristics of a non-profit organisation are that it is not based on the concept of
profit making. Although it is certainly a significant consideration to make as much cash as
possible (to have the greatest possible resources to offer individuals in need too). A non-
profit organisation like cancer research is focused on offering as much social assistance as
possible. A non-profit organisation is fun, not for private gain, for the advantage of the
public. They're not out there to make a profit, so they get additional government support
that includes tax exemption, so they don't have to pay taxes.
The purpose of Cancer Research UK is to provide efficient cancer research and to attempt to
increase awareness. Established in February 2002. Cancer Research UK attempts to define
causes and create prevention, diagnosis, therapy, and cure strategies. The non-profit
organisation was established by forming the campaign for cancer research and the Imperial
Fund for Cancer Research. The organisation per annum reaches around £634.81 million.
Ownership and liability
Cancer research is clearly a non-profit organisation out of the three company sectors
(public, private and non-profit). This means its organisation with the aim of doing something
socially good instead of just making a profit. They are getting funded, raising cash, and
accepting donations.
Cancer research as a UK registered charity, is a charity that works for charitable purposes
and must devote its resources and resources to charitable operations. The charity must be
resident in the United Kingdom and cannot use their revenue to help their trustees. As a
charity, the benefits they receive should not be used for their members ' private use.
There are trustees in a registered charity, such as cancer research, considered as the
equivalent in a public limited company as a shareholder. These trustees form a charity's
governing body. The trustees are the people who make the large choices. They have a legal
function to guarantee that revenue from the organisations is well spent, in the correct
manner, and that any debts are evident. Trustees generally select a board of directors for
2
, charities, which is headed by a chief executive, just like a PLC.
As a registered charity, cancer research is responsible for the misuse of donation money
they are caught. That's the trustees ' job of making sure the money is given to a good cause,
not for personal use or gain. Therefore, another responsibility would be to ensure that for
any reason the organisation is not fined or in trouble. This is the responsibility of the
trustees, as they also regulate the company by the authority. This leads to the liability of the
charity if it went to a loss it would mean losing all of the money which was funded towards
the charity.
Purpose
The purpose of Cancer Research UK, as a non-profit organisation, is to provide a solution to
the dilemma of life loss through cancer form. Being a globally renowned charity, they can
alternate the lives of so many unfortunate individuals across the entire world. One goal that
UK cancer research has is to provide the world with a secure, cancer-free future. By
providing sustainable programs, public education and multiple campaigns to help raise
awareness, Cancer Research UK is trying to fulfil these goals. By doing all this, they want to
achieve innovative and practical ways of learning from or working with other organisations
on a much wider scale.
The vast advances in the fight against cancer have been recognized by Cancer Research UK.
Less than a quarter of people diagnosed survived in the 1970s, another last 40 years,
survival has more than doubled, a half will know how to survive. The ambition of cancer
research is to speed up the progress of survival for cancer. However, within the 20 years,
expectations have it that at least three quarters of people will have to survive the disease.
Cancer research UK does not only aim to fight cancer only in UK. Therefore, it helps the
entire world and make a good impact globally. It’s a popular non-for-profit organisation
especially in Europe. It has one of the most advanced cancer research centres globally. The
donations and funds that they gain is used on their scientific research and health care
operations. Therefore, this leads to local communities helping fighting cancer together in a
large scale.
Industrial sector
Cancer research UK is not included in one industry sector because it provides a service and
helps people therefore it produces products. It is therefore secondary and tertiary as it
demonstrates the service of health care and education, as this shows it is tertiary due to
providing a service for health care and education. They are also secondary as they build new
equipment and develop new cancer fighting methodology.
Scope of Business
Cancer Research UK, although its study and methodology is used on a worldwide scale in the
fight against cancer, the non-profit organisation itself works on a domestic scale, operating
only in the UK.
Size of a business
Cancer research being globally known as very successful; it is large business. Being honest
and working to fight cancer they sure to have many volunteers to help them along the way.
The number of employees working for cancer research are 44,000 employees. Om the other
hand, only 4,000 of these are getting paid which leads to 40,000 people being volunteers. in
fact, this is in United Kingdom alone. Employees like chief executive officers and lead
scientists for cancer researchers are the ones getting paid. The volunteers, even though they
work for free their travel expenses are claimed for.
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller DoctorReinhad. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R237,53. You're not tied to anything after your purchase.
