Tesco is the largest British retailer by both global sales and domestic market share is the world's third-largest grocery retailer, behind Wal-Mart of the United States and Carrefour of France. Tesco now controls just over 30% of the grocery market in the UK, approximate to the combined market share of its closest rivals, Asda and Sainsbury's. In 2007, the supermarket made over i?? 2. 55 billion in profits. SCALE Tesco is a national business which has the scale over many regions in the UK.
Tesco has many competitions: Sainsbury's, Asda and Iceland, but the company currently has won the competition with these big companies and improved their customer service and other important stuff. Tesco even sent some of their staff to China to investigate how a Chinese family spends their money and leisure time. The Ambition of the owner is to sell high quality products to customers. Tesco had to use money to expand far and wide over the nation. PURPOSE Tesco has a diversification of their shops which include Tesco Extra, Tesco Metro and the normal Tesco.
Both Tesco and Tesco Metro (express) sell normal products like any other supermarket would do, but Tesco Extra sells many other ranges like Furniture, Electronics and home equipment. Some even sell clothes and bags. It also offers financial services such as its own credit card, personal loans and various types of insurance, in addition to providing a home delivery service for its online shoppers. OWNERSHIP It has shares in the business because many go to work everyday. The business is run by paid directors. It specializes in food most of the time.
Tesco is a PLC and its shares are owned by members of the public. And by doing this it can raise large amounts of money to expand or develop the business. Marks and Spencer plc (known also as M&S) is a major United Kingdom plc retailer concentrating on clothing and food. They also have international outlets. The headquarters of M&S is currently in Baker Street, London; during World War II these offices were used by the Special Operations Executive for secret missions in Occupied Europe. They moved in to Paddington, London in the UK.
It owns more than 760 stores in more than 30 countries around the world, which means that M&S is international. SCALE The scale of the business is international and making a huge profit by selling products to customers. M&S is the biggest clothing retailer in the country and at the same time a multi-billion pound vendor. PURPOSE The purpose of Marks & Spencer is to sell high-quality food and clothes to customers. Their mediums are the most popular food advert – The slow recording and the extradonairy food and the internet.
The customer service offers emailing newsletters and delivery for the clothes and other similar items. OWNERSHIP M&S is unlisted PLC, which means it does not sell their shares on the stock market. The company is an Unlisted PLC inside the UK and LTD franchise outside the UK. Benefits of being a PLC include having a chance to raise capital from members of the public unlike private companies, and they are more likely to employ specialist machinery and equipment. Also being a PLC usually means that you're larger than other types of companies and you gain from economies of scale.