Aims and objectives Essay Example

semi-finished manufactured products.

Assistance in the production of goods is provided by these businesses. Additionally, government-funded technology industries such as health, education, and training fall under the quaternary sector. These are overall objectives that many businesses aspire to accomplish. However, for a new business, survival may be the most crucial aspect. If they cannot survive and their sales decrease, so do their profits, which could lead to bankruptcy and closure.

It is crucial for businesses to both generate profit and provide a competitive service in order to attain financial success and surpass comparable enterprises, thereby attracting customers. Furthermore, it is important for businesses to prioritize being environmentally responsible so as not to displease stakeholders such as activist groups, which may lead to demonstrations. In addition, providing charitable, voluntary, or community services for non-profitable reasons, such as aiding the less fortunate, is also essential. Ultimately, businesses must focus on boosting sales or refining their products or services to increase their customer base and profitability. Tesco prioritizes maintaining a positive reputation and customer perception.

To prevent detrimental word-of-mouth from customers and consumers that could harm Tesco's reputation, it is vital for the business to offer excellent products and services. Conversely, favorable word-of-mouth can draw in more customers and boost profits. Tesco has effectively accomplished these goals by having a presence in nearly every town, establishing itself as a well-known and advantageous choice for nationwide customers. Furthermore, Tesco has shown its dedication to sustainability by placing recycling bins in every Tesco Extra car park for patrons to recycle paper and green glass while visiting the store.

Tesco's success stems from their competitive pricing and commitment to quality. They have outperformed other stores

like Sainsbury's, Morrisons, Asda, Waitrose, and newsagents without having any stores shut down in bad circumstances. In fact, they have continued to expand. Additionally, Tesco's dedication to environmentalism and charitable endeavors provides benefits to both pressure groups and customers. For example, they place recycling bins throughout their stores and offer Tesco vouchers for school computers. They even sponsor events such as the women's breast cancer research appeal and fund local schools' sports days. Through surveys and questionnaires, Tesco's continually work to improve their products and services to meet their goal of maximizing sales. Recently, they introduced Tesco brand ranges, including Tesco Finest, to meet their quality aims.

Despite being priced higher, Tesco Finest products offer a superior quality compared to Tesco Value products. Tesco is conscious of prevailing market prices for their products and aims to cater to customers' requirements by reducing prices every week.