Unit 1 - P1 Business level 3 Essay

644 Words Mar 28th, 2014 3 Pages
Unit 1-P1
Business Ownership.

There are several different types of business ownership which are most commonly used in business’ and company’s today, these include; Co-operative which is a business owned by its employees, Partnership which is a business owned by between 2 and 20 people, Private limited which is a business owner by a small groups of people who have shares and a Public limited business is owned by private individuals by shares bought and sold on the stock market. A charity is a business with the purpose to help the public, the government is a business owned by the government and lastly a sole trader which is a business owned by only one person.

The ownership of Tesco’s is a Public Limited Company where the
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building houses, bridges and roads. Tertiary sectors refer to the commercial services that support the production and distribution process. For example insurance, transport, advertising, warehousing and other services such as teaching and health care.

Both Tesco and the Dartford Borough Council are Tertiary sectors because Tesco’s sells products to the local public and Dartford Borough Council are designed to help the local public and their area.

There are many different scales of business. Local businesses serve just a small community, for example a small independent nail shop. National business is just in one county, for example the NHS. Regional businesses are found in just one county and European/international is found in several countries such as h&m or topshop. Global is when a business is found in usually every country for example ebay or McDonalds.

The scale of Business that Tesco would be is international as they are in a small amount of other countries other than Great Britain. On the other hand Dartford Borough Council is local because it only supply’s/helps one area in which it is found in.

Limited liability means it does not exceed the amount invested in a partnership or limited liability company. The limited liability feature is one of the biggest advantages of investing in publicly listed companies. While a shareholder can participate wholly in the growth of a company, his or her liability is restricted to the
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