i think we might get a question on Profit Centres as tesco has several different store formats??
"Over the years, Tesco plc developed different store formats, namely: Express, Metro, Superstore, Extra and Homeplus,"
Does anyone think anything about contribution will come up in the Unit 3 paper tomorrow?
Nes ur points r really awsummm! n hlpd us alot not only nes every1 includin shaoib, aayman, hello and everybudy
i hope all of us do well in the ppr!!! inshallah...............
one thing i wud lyk to ask!
THE IMPLICATIONS OF HAVING OWN BRAND LABELS TO TESCO?
alright i have something really really important so please ayman or nes let me know abt this before the exam..
when the question is analyze the implications... [ lets take the above question that Z for all has posted] "THE IMPLICATIONS OF HAVING OWN BRAND LABELS TO TESCO?"
do i need to write down both the benefits and drawbacks? or just drawbacks seriously i m pretty much confused on this
do reply asap
as far as i knw , i guess wen the question cums to ASSESS certain thing den v shud provide dem wd both benefits and drawbacks buh as far as analyzing is concernd i think one sided answer and a coclusion wud b enuff!
Not sure though, but to sun xtent....................
Gud Luck i hope nes and aymaan hlp us out???
does anyone think we might get a question on the importance of the difference between the Cash and Profit for a firm like Di and Donny..
i aint able to answer this properly n if we get what marks would it have what do u guys think?
Yes you have to write both benefits and drawbacks, or else it won't exactly be an analysis. If you are confused at the time of exam, just look at the marks, if its 6-8 then do this, 12- this + conclusion, 4 - definition of keyterms, examples from the context.
Sometimes 8 marks questions require a conclusion as well, and those (conclusions) are usually on a specific topic such as '...is profitable..'. It'll be obvious when you do the questions.
for analysing questions .. its more a 1 sided argument buh u can write both advantages and disadvantages if u want..
aryt..implications will basically be usefulnes... as for that answer here it is..
own brand is the term given to the products that are being sold under the retailers brand rather than that of the suppliers.
tesco plc has been operating for a long time, wihtin which it has also attained the position as the market leader and therefore, it is more than likely that tesco already has a strong brand label of it's own.
when tesco supplies products produced by other firms under their own brand labels, to some extant they are taking control over that product by taking the entire responsibility by marketing the product and therefore will have to make sure that threre are no bad publicity created of the product. this will be quite expensive as they will have to bear all the expenses.
tesco has a very strong brand name of its own and therefore it is likely to increase the sales of the products as customers wil be more readily convinced to buy their productts rather than that of an unknown supplier however, they will also have to make sure that the products produced by the suppliers are of good quality as any flaws found in the quality of those products will be pointed out as tesco's failure and therefore effect their brand name.
another point that could be mentioned is that this willl aslo increase tesco's product base which is what it is trying to do in order to grow..
basically i ges this answer wil lnot be of more that eight marks...
this could be asked in a reversed way, they could ask us the usefulnes of using tesco as a retailer to the suppliers.
tesco has strong brand name so they will be able to sell more.
however tesco is a large scale ooperator and thererfore has the bargain power and so, they may have to provide products at cheap prices which will become difficult to manage as tesco will probably also want to get good quality products.
nevertheless tesco's large scale size will aslo ensure that a large volume of their products are sold.
but their brand will not be exposed and therefore leave them at a disadvantage of not being able to attract other investors.
their profits and lossess will solely be dependednt on that of tescoz, so any bad publicity of tesco will cause a poor sales for them.
they will not have to bear marketing cost for promotin their product,, tesco will be doing that and therefore expenses will be incurred by them..
while concluding we can say that tesco seems to be operating well and therefore their products are probably at safehands.
these are the basic ponts and needs to be developed..coudnt write in proper answer structure cuz hav SO MUCH TO DOOOOOO!!!!!! wid unit 3 especially! um DROWNING lol...
@ayman, u help me u genious brain boX!
hey guys .... we have to explain all the common terms when answering the level one .....
e.g. if the question is .....''in 2007 the overall UK econmy had slowed and interest rates had had a negative effect on consumer spending, Access the main macro economics factors that affect the demand for Tesco plc products''
i will have to explain all these terms underlined or important ones or something.. and then move on to level 2 right .......?