TESCO Annual Report 2011 Coursework example
High school
Coursework
Finance & Accounting
Pages 6 (1506 words)
Download 0
Name: University: Course: Tutor: Date: Introduction: TESCO is one of the largest retail businesses in the food and grocery segment today. It large size is best depicted in its large workforce and thousands of retail food and grocery outlets that are scattered all over the world…

Introduction

It has particularly realized that for this relationship to materialize it has to continue to be grounded by ethical business practices. In doing so it has established a code of ethics for its staff, which basically set the standards for business behavior within it. In realization of the impossibility of covering every aspect of its activities, TESCO has instead set out principles of business ethics that have to be applied by every team member of TESCO. These sets of principles are in form of laws, policies, local customs and regulations, all of which lays down some of the crucial duties and responsibilities that have been placed on the employees, whenever they might be based. An important component of this code of ethics is the so-called “protector Line” which is basically an anonymous and confidential helpline that allow staffs to report any wrongdoing that they might encounter in course of their day to day activities from their colleagues. Code of Ethic This code of ethics also contains modalities on how to raise queries on compliance with the code of ethics where need arises. It is this code of ethics that reinforces TESCO’s commitment in doing business in a way that make a positive contribution to each and every stakeholder in the company. TESCO has always endeavored to work within the British Code of Advertising, Sale Promotion and Direct Marketing. ...
Download paper
Not exactly what you need?

Related papers

financial analysis of Sainsbury plc and Tesco Plc
The paper will highlight the Key features and the current strategies directed by the companies followed by the Calculation of financial ratios for each company, and Compare with earlier years, that allow to judge the financial performance and position for the company, and to interpret if the company's assessment of its own performance as shown in the Financial Highlights and Chairman's Statement a…
FINANCIAL RATIO ANALYSIS OF TESCO PLC
In UK, Tesco is the largest retailer and in UK, it serves about 66% of the retailer market and occupies about 33% of the selling space. Jack marketed his own brand tea as Tesco tea as early as 1924 and he opened the first Tesco store in North London in 1929. The first ever modern food warehouse was established in UK by Jack Cohen in 1934. Jack expanded his business by buying stores in London…
Corporate Finance: Tesco acquisition strategy
Besides this, organisations also acquire other firms in order to reduce their costs, improve their profitability, and strengthen its position in the market (Johnson, & Turner, 2010). …
Financing the Short Term Obligations of The Business
And, the day-to-day operations include payment of wages to employees and payment for inventory as well. Technically speaking, time duration covering the definition of short term finance is of one year. Any short term finance must be repaid within one year period. Following are the four different sources of short term finance available to business: Overdrafts Trade credit Short term loans Lease…
Report and Accounts for Tesco PLC
The report provided shows an insight of supermarket sector, the emphasis majorly being on the analysis of its finances, competence, resources and culture. There are two options on future strategies that are suggested regarding financial strategies.This company is amongst the biggest in the globe, vested in operations in approximately 2,318 outlets and has employed over 320,000 employees. It also…
annual report for Intercontinental Hotels Group plc for the year ended 31 December 2011.
$ in mn Revenue and Profits 2011 2010 % Inc. Sales 1768 1628 8.60 Operating profit 559 444 25.90 Exceptional items 35 15 133.33 Total operating profit 594 459 29.41 Profit before exceptional items 497 382 30.10 Tax -120 -98 22.45 Profit from continuing operations 377 284 32.75 Exceptional items 83 7 1085.71 Net profit including exceptional items 460 291 58.08 Financial position Good will and other…
Five- Year Report for Tesco PLC
The revenues declined in the year 2011 to a extend of 14% with respect to the previous year due to hike in prices of the UK market where the core business of the company lies and the 2012 showed stable growth by offsetting the fall in profits in the UK markets by its international business. Tesco plc emerged as a prominent figure in the turn of the 21st century .In the years to come Tesco is…