Btec Business Level 3 Unit 1 P1

Unit 1
 In this assignment I will describe the purpose, a description, the sector they operate in and the ownership of two contrasting businesses. My two chosen businesses are ASDA (private sector business) and Oxfam (voluntary sector business). I decided to choose these two businesses because they both vary a lot from each other.
ASDA
 ASDA is a British supermarket chain that retails food, Clothing by George, toys and others. They have also branched out a lot and now own a mobile network called ASDA mobile. The main purpose of this business is to make profit. As well as this they want to provide goods and services. They also made a statement stating that they want to be “Britain’s best-value retailer exceeding customer needs”.

 ASDA can

Therefore this is a private sector business.

OXFAM
 OXFAM is a charity organisation that works for no money. They help to create solutions that last to solve poverty in many countries. They do this as they believe that everyone should be able to live free of poverty.

 OXFAM is an international organization. In total OXFAM is 20 organizations working together with partners and local communities in more than 90 countries. This is so big as one in three people live in poverty.

 OXFAM operates in the all 3 sectors. This is because they provide seeds and water (raw materials) for farmers in poverty stricken countries. As well as this they make products to sell in their shops while selling the used products that people have donated in their shops.

Unlimited liability
This is the concept that if the business is unable to pay off outstanding debts then the owner/ owners will be forced to sell off their private assets in order to pay off the debt. The two types of business that are susceptible to this are sole traders and partnerships.
Limited

The customer is most likely the most important stakeholder to keep with their business as without a customer, there is nothing being sold which ultimately means that there is no profit. The customers are trying to influence ASDA by using competition with other supermarkets to try and get there high quality food as low price as they can. The customers at OXFAM are the people in need of the aid. They would expect their needs to be addressed in a timely and effective manner. This links with the aims and objectives of OXFAM which are to “help people claim the right to a better life”. By OXFAM helping one area then these people been helped by OXFAM could possibly come together and help OXFAM to achieve their goals.
Employees Employees can make the company’s production line better by managing their waste for example. This can make the profits greater expanding the business. The employees of OXFAM are probably one of the main stakeholders of this company. This is because without the employees working for OXFAM then no one would receive the care that they