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Tesco

Tesco is a worldwide grocery and general marketing retailer founded by Jack Cohen in 1919. It has stores in 14 countries. By revenues, Tesco is the fourth largest retailer in the world and the second largest in terms of profit.

832 Questions

What is the mission statemant of tesco?

Tesco is one of the most popular grocery stores in the United Kingdom. They describe their mission statement as follows: "creation of value for customers to enable them earn their lifetime loyalty."

How does tesco increase its market share?

by selling more stuff than anybody else

Who is Paul ritchie in tesco?

Paul 'Richie' is the opertaions director for all of Tesco Express stores. Thanks

How does tesco motivate staff?

do ur own coursework

The simple answer to that question is that they dont.

Having joined the firm in the early 1970s as a signwriter I soon found that certain 'practices' where already well established.....like 'price buncing'. Put simply ..head office would issue us with a list of current prices for all items in stock but they seldom went any further than that. On arriving at a given shop we would find out from the manager how much that store had lost due to thefts,breakages,or damage. We would then calculate how much we could get back by adding a penny here and two pence there on all items for sale. This is 'buncing' the articles price.

Tesco knew what we were doing but as long as they were making money they turned a blind eye. They knew that by reducing the price of some items while hiking up others always works because shoppers rarely go into a store to be just the reduced items....they go to purchase their weeks shopping which means what they make on the reduced items they loose on the bunced articles...and more.

So be wary of shopping here....nothing is as it may first appear.

'Every little helps' is a fitting logo when it is applied to this firms profits margin.

Needless to say...I left.

What is the purpose of tescos?

so that gypsies have got somewhere to go after scrapping in their copper

What does tesco do?

Tesco is a supermarket. It sells a variety of things for your needs, like food, drinks, clothes, toys, toiletries etc. It's like Wal-Mart (Or ASDA) or Sainsburys etc. It ompetes with other supermarkets to do well. Its main exports are food (Veg, fruit, bread, frzen good etc) and Drink

How does stakeholders influence Tesco?

Stakeholders influence Tesco in several ways, as their interests and concerns can shape the company's policies and operations. Customers drive demand for products and services, prompting Tesco to adapt its offerings to meet changing preferences. Investors and shareholders influence financial strategies and growth initiatives, while employees contribute to operational efficiency and customer service quality. Additionally, suppliers impact product availability and pricing, leading Tesco to foster strong relationships to ensure a reliable supply chain.

What are the benefits of the tesco clubcard?

the benefits are that you have a credit card to give to your mum remember friend it ain't over til the fat lady sings sorry to bring your mum into this

What Type of business is Tesco?

Retail food sector, and lately finance sector also

Purpose of tesco?

The primary function of any business is to make money and invest; if it doesn't do that, it can't exist. Tesco is a major retailer in grocery and general retailing.

Specifically, Tesco's mission statement is to Retain Loyal People. However, of course the business

will not have any customers if the business is not operating well. Shareholders will not invest money in the business if the business hasn't got any customers. The company will not be able to afford to

have any employees working for them if they haven't got money being invested in the business.

For Tesco to expand their business, they have to make sure that they get enough profit to be able to open that business.

What type of ownership does tesco have?

== Tesco's Ownership which is owned by several partners, Tesco is owned by thousands of people. This is because Tesco is a public limited company or Plc. The reason for Tesco being a Plc is because of its mammoth size. Due to its size it would be hard to raise enough funds for Tesco if it was owned by a sole trader or by partners whereas in a Plc (like Tesco) the company is owned by shareholders who fund the company. This happens by the people buying shares in the company and becoming shareholders. Sometimes this may seem more appealing to the people investing in a company as they have the luxury of having limited liability. Limited liability is where if the business goes bankrupt the people only lose whatever they invested in the business this is common with Plc's, Ltd's (Private limited company) Unlimited liability applies to soul traders and partnerships if one of these went bankrupt they could loose all their personal assets over it and the money they put into it.

How many department are there in Hayes tesco?

tesco Hayes has 5 departments

grocery

non food (hard lines)

fresh foods

frozen

clothing

6th is

checkouts

all of them are in tesco Hayes and will be in any other store of tesco with the extra

eg Tesco extra

i hope i have answered the question

Is tesco a multinational company?

god knows, but i do know that it is only around europe, so god knows what is actually is called....but all i know is that it is a bloody big company

How much profit did Tesco make last year?

how much profit did tesco make last year

How does tesco make sure to grow and maintain the number one retail company in the UK?

they make objectives to reach that, basiclly that is a im " to grow and maintain the number one retail company in the uk" so the objectives will be - Selling suitable items , good custerom service ect

How tescos business is structured?

the organisational strucute of tesco is up ur ma's ass

Who are tesco's stakeholders?

Tescos stakeholders are the local communities, shareholders, customers, financiers, employees, the government and suppliers.

What is the main purpose of tesco?

The primary function of any business is to make money and invest; if it doesn't do that, it can't exist. Tesco is a major retailer in grocery and general retailing.

Specifically, Tesco's mission statement is to Retain Loyal People. However, of course the business

will not have any customers if the business is not operating well. Shareholders will not invest money in the business if the business hasn't got any customers. The company will not be able to afford to

have any employees working for them if they haven't got money being invested in the business.

For Tesco to expand their business, they have to make sure that they get enough profit to be able to open that business.