P1 describe the type of business, purpose and ownership of two contrasting businesses. Essay

P1 describe the type of championship, purpose and self-command of two contrasting businesses. For this assignment I am going to select two businesses, one which depart be local and not-for-profit organization and the second will be an international business and for profit. The two businesses I pass on chosen to use for this task are Asda Stores Ltd. and Welcare, Reigate.Type of BusinessAsda Stores Limited, commonly known as ASDA, is the second largest retail store and a national public limited corporation. It is a profitable business and it is the subsidiary of American company Wal-Mart. It was founded in 1949. Furthermore as Asda is a profitable business it is as well in the private sector. Welcare is a local charitable, non-profit organization.They earn no profit out of their work thus far do accept forms of donations and fundraisers. The charity was set up by a church over carbon years ago. It was originally founded in 1894. Furthermore as it a nonprofit business and is gi ving serving it is in the public sector. Purpose of the businessA charity is a group of profitable great deal whose aim is to give a service and help those in need. Welcare charity provides services which include amicable work and family support, support groups and life skill workshops and also a childrens health clinic. They work to have got families together, and encourage parents to give their children a happier childhood.Asda is a retail supermarket and the purposed of Asda is to make profit and to supply goods to customers. It sells general ware such as food, drink, clothing and various other items. It also has services such as insurance, monetary services and a mobile telephone network. Business Ownership and level of liabilityAsda was founded by Associated Dairies & elicit Stores Limited in 1949. This is situated in Leeds. The company has limited liability, therefore any debts within the company are paid by shareholders investment and this essence the owner wouldnt ha ve to sell their assets and be to pay the debt. Being a shareholding company you can freely sell shares, this is an easy way to have money contributed to the company.Welcare was founded in 1894, and was originally called The Diocesan Association for the Care of FriendlessGirls. This company has limited liability, this means any debt is paid for and the owners do not have to sell any assets.