Business and Management
Submitted By pipoca
P1 - explain different types of business information, their sources and purposes
P2 - present complex internal business information using three different methods appropriate to the user’s needs
P3 - produce corporate communications
P4 - evaluate the external corporate communications of an existing product or service
P5 - explain the legal and ethical issues in relation to the use of business information
P6 - explain the operational issues in relation to the use of business information
P7 - outline electronic and non-electronic methods for communicating business information, using examples for different types of audience.
M1 - analyse different types of business information and their sources
M2 - analyse the legal, ethical and operational issues in relation to the use of business information, using appropriate examples.
D1 - evaluate the appropriateness of business information used to make strategic decisions
D2 - evaluate the effectiveness of business information and its communication as key contributors to the success of an organisation, using examples to illustrate your points.
Explain different types of business information, their sources and purposes
Tesco has stores in 14 countries across the world. In the UK it is the grocery market leader it has about 30% of market share. This means that Tesco is the main supermarket leader in the shores of the UK.
The key purpose of Tesco is to make profit. Tesco’s is the third largest retailer in the world measured by revenues and is the second largest in the world measured by its profit.
Tesco is in the tertiary sector. This is because its sells the products, it doesn’t manufacture or directly get the product from its primary sector. Tesco’s has millions of shareholders which the majority shareholder only has around 3% of the shares. This just shows the vast amount of shareholders that…...