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All content is available under the Open Government Licence v3. Essay Writing Guide Struggling with an assignment? The founder of Tesco was Jack Cohen. After serving in the Royal Flying Corps during the First World War, 21-year-old Jack decided to invest his service man’s gratuity of L30 in NAAFI surplus groceries to sell from a stall in the East End of London. His first day’s turnover was L4, and his profit L1.
His business has been growing up successfully. First in 1924 there appears the current business company Tesco comes from the initials of the joint-owner T. Is the leading global foodservice retailer with more than 30,000 local restaurants serving 52 million people in more than 100 countries each day. Is one of the world’s most well-known and valuable brands and holds a leading share in the globally branded quick service restaurant segment of the informal eating-out market in virtually every country in which we do business. First of all why do businesses exist in the first place? Well all businesses exist for one reason, to make a product or offer a service. All businesses need to make an income from what they are offering to be able to carry on, this means whatever they make or offer it has to be something consumers or industry will pay to own.
An aim is something a business would like to achieve. In the private sector a business will aim to make a profit. Where as in the public sector a business would aim to make a profit where possible and also aim to meet strict expenditure targets. No matter what sector a business is in they always aim to provide a product or service to either their local community or to the wider community.