Type of business, purpose and ownership Essay Sample

1.1 Introduction
The British Heart Foundation is the UK’s Number 1 Heart Charity. Their vision “is a world where people don’t die prematurely from heart disease.” They were founded in 1961 by a group of medical specialists who wanted to give money to fund extra research to find out the causes of heart diseases. They were concerned about the number of people with Cardiovascular Heart Disease who were dying prematurely. They have been going for 53 years and have been helping people since then. They have been taking part in all events but the main one which is coming up in September is the Oxford to Cambridge Bike Ride. 1.2 Type of Business

The British Heart Foundation is a charity, so is in the tertiary industry and they aren’t looking to make any profits as they are raising money for a cause in order to prevent heart diseases. The British Heart Foundation is therefore a not for profit organisation. 1.3 What Sector is it under?

Tesco is a Public Limited Company which means anyone can buy shares from the stock exchange. http://www.shareview.co.uk/4/Info/Portfolio/Default/en/Home/Products/Pages/Buyandsellshares.aspx you can buy shares on this website. Tesco has to pay their shareholders a percentage of their profits in dividends. The dividends then get sent to them through post or they go straight into their bank account. The amount that they get paid will depend on the price of the shares which will determine how much that person will get as their percentage. 2.3 What Sector is it under?

Tesco is under the tertiary sector, this is because they don’t make their products they have suppliers which sell their products to them in order for the suppliers to increase their market share and to also make sure that they get money as well and that they aren’t getting paid for their produce which they are producing they then sell it for them to get their money. 2.4 Size