Types of business

The fire service is a national based service but has individual bases. This is a public service has it is run by the government and own by the economy. Roughly there are 45,000 people working within the fire service all around the country. There are around 1500 fire stations in the United Kingdom, and they are a major key too safety in your area as they are on hand 24/7 to keep the area safe. They are constantly on the go making sure there are no fires in the area, and keeping everybody safe!

The fire services work very closely with paramedics and the police ad all three make a team too keep the whole area safe. The ownership of this public sector business is of less risk then private company’s whose aim to create as much money into the business. The reason is because in a public sector business there aim is to provide and be of a benefit to the public. The government department of customs and revenue collect tax from the people who work. The money from the tax is spread between all different departments set up by the government (i. e. NHS, police etc. ) within this is the fire service.

Advantages too this would be that it’s a non-profit facility, that it’s already paid for and financed by the government and more efficient. Disadvantages would be that the fire services budgets can be cut and they could have too lose staff, a clash between the economy and the sufficiency of a service and watchful management because of the fear of public blame. Overall I believe that they are using the right style of ownership over this business, this is because the fire service is a non-profit making department, being a public service gives anybody the right to use it, weather there paying their tax or not!

Using money from the tax shows that all working people support this service. The fire service exist as a safety feature too our life’s, its main purpose is to stop fires but they work closely alongside the police and fire ambulance service. They fit fire alarms for free into people’s homes; they do talks within the community too express the seriousness of fire and fire alarms. The fire services afford to buy the fire alarms because they buy it out the budgets that is given to them out of people’s tax.

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Looking at it in the long run the ? 10. 21 fire alarms that the fire service invest in should hopefully raise the alarm faster so the home owners should get enough time to leave there home safely and for the house not too be damaged too much. The company that supply the fire alarms is Safelincs, a company who specialises in safety products. Obviously there can’t be fire stations in every city, village or town but they are located in most big towns and cities.

There is roughly 3500 working fire engines working in the UK every day, the main supplier for these engines is John Dennis. Tesco a global company as it has stores in 14 countries around the world; this shop spreads across Asia, Europe and North America! The company is part of private sector as it is owned by individual shareholders and there main aim is to increase profit! Across the global scale there are roughly 450,000 people working for Tesco but in the UK alone there is 220,000 people.

There are 5830 stores across the world and 2715 of them stores are in the UK alone. Tesco is primarily a grocery store but over time the company has increased there market too gardening centres, opticians, pharmacy, banking, electrical products, telecoms (mobile phones, home phones and broadband), petrol stations, tech support centres, their own record label (working closely with Mick Hucknall and Nadine Coyle), gold exchange service, Tesco tires and the latest service that they offer is a beauty salon, which are popping up in all major Tesco extras across the UK.

Tesco is a public limited company’s so their shares can be bought and sold on the stock exchange market. The major advantage too this method is that capital can be raised or increased very quickly, the only main disadvantage too making money this way would be a takeover bid, and also its quite costly too have shares quoted on the stock exchange. Tesco being such a large company it can be hard to raise funds if Tesco was a sole trader. With the investors having the reassurance of limited liability, so that they don’t lose more then they invested.

The owner ship works well for the company because it’s so large using the exchange market helps support the company and not only is it benefiting Tesco, the shareholders also benefit from the limited liability, so they can never lose more then they invested. Tesco was originally a simple grocery market and gradually over time the business grew and is now far more advanced and is now the 4th largest super market in the world! The company buy their products in a big mass where the individual product cost less. So smaller companies who can’t buy as much produce, have to sell it at a higher price than the super markets likes Tesco.

Also the company can afford to place new shops inside their main one, IE mobile phone centre. With the store big enough to have its own department in pretty much everything, it means you can go too one place and get everything in that you need, which is a massive time saver for everyone when people have full time jobs and family’s to take into consideration. Due too high demand for products in the store because of new offers or in general it’s a popular product the large super markets have warehouses dotted over the countries so that you can have weekly or daily delivery’s too keep the stock flowing and costumers happy.