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Investigating Business – Ownership
Investigating Business Unit One Task One:
Ownership
Introduction
I have chosen to base my assignment on the following businesses:
Sole-Trader for which I have chosen Errol Anderson’s business: Errol
Anderson
Motors
PLC for which I have chosen Sainsbury’s
I have chosen these businesses because a Sole-Trader and a PLC make a
good comparison and therefore I have chosen a sole-Trader and a PLC.
I have chosen Sainsbury’s as my PLC because firstly my teacher
recommended this PLC to me. Another reason for choosing this PLC is
that it is one of the UK’s successful businesses and also is a well
known business in the UK. I am also a regular customer of Sainsbury’s
and there for it is easier for me to talk about the services they
provide their customers with. The website of this PLC also is very
useful because it provides us with a Student Section in which the
website allows us to look at the company’s history, company
information and also it provides us with a Media Centre detail.
Sainsbury’s has many articles in local newspapers and reports on
television. It is a very popular business in the form of a PLC and
therefore I have Chosen this business.
I have chosen Errol Anderson, as my Sole-Trader because my teacher
recommended me to do this Sole-Trader if I didn’t know a LTD, a
Sole-Trader or someone in Partnership business. Errol Anderson is
Sole-Trader who set up his own garage and called it Errol Ande…
… middle of paper …
…the business. So therefore a Sole-Trader like Errol decides for
himself.
The decision making of a PLC is made by the Boards of Directors. The
Board of Director are shareholders who are elected by other
shareholders to be the Board of Directors and have most of the power
in the PLC in which the shareholders form partnership and groups to
become Board of Directors.
Overall the differences between decisions making of a Sole-Trader and
a PLC is that a Sole-Trader is the owner of the business so they make
decisions. But the owners of a PLC are the shareholders and if a
shareholder or shareholders who own more than 50% of the company then
they are made the Board of Directors and they are the ones who make
the decision for a PLC.