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Business Studies Report on Tesco Essay

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Business Studies Report on Tesco

Tesco.

I have been asked to produce a business report on a company of my choice. I have been required by my teacher to complete this task in order to assess how I gather and present information from different sources. The majority of the information I have acquired is from the Tesco website (www.tesco.com), however I did also have some background knowledge, and I read some previous articles about the company in press releases and magazines.

The focus of the report is to find out about the company’s history, its aims and objectives, it’s current and any previous legal statuses.

Jack Cohen founded Tesco in 1924. He began by selling groceries on a …show more content…

§ Non-food business: We now have a 6% market share. Our goal is to be as strong in non-food as we are in our food products.

§ Retailing services: As customers' shopping habits change, we aim to change and respond by providing new products and services. We aim to remain as the worlds largest grocery e-tailer.

§ International: Tesco has successfully opened up new growth markets in Central Europe and Asia. The proportion of total Group space outside of the UK was 49% at the 2003/2004-year end. We aim to expand our operating stores in the Czech Republic, Hungary, Poland, Republic of Ireland, Slovak Republic, Turkey, Japan, Malaysia, South Korea, Taiwan, and Thailand.

The business is currently a public limited company selling shares on the stock exchange for about 286.00p per share. It is located in the FTSE 100, and employs around 195,000 people in the UK, 41,000 in the rest of Europe, and 24,000 in the rest of the world. The company operates on an international basis and sells everything from food, to clothing, electrical goods, and even financial services such as loans and insurance. The products are aimed at everyone; toys for children, clothing for adults, and wheelchairs are provided in store for

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