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Tesco plc is a business that operates in the food selling industry. They are an internationally known company that was founded way back in 1924. In 2003 present time 79 years has past and Tesco has become a giant in the markets for selling food, clothes, toys, and general household goods. The goal to be as strong in non food business as they are in the core food business is certainly in operation as Tesco currently have a 5% market share worth around £75billion in the UK. The company Tesco is a public limited company. This means it can sell its shares on the London stock exchange to the general public. Public limited companies are a lot different than private limited companies even though they are still called plc. Private limited companies can only sell there shares as they invite new shareholders. You can just simply by them. There are many advantages for Tesco being on the stock exchange as a plc. These are
They have limited liability for shareholders. It is much easier for them to raise the initial capital. The company operates on a large scale.
Approximate Word count = 744
Approximate Pages = 3
(250 words per page double spaced)
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