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

P1 describe the pillow slip of pedigree, purpose and ownership of dickens contrasting businesses. For this assignment I am going to select two businesses, one which will be topical anaesthetic and not-for- usefulness organization and the second will be an international business and for profit. The two businesses I have chosen to use for this task are Asda Stores Ltd. and Welcare, Reigate. subject of BusinessAsda Stores Limited, commonly known as ASDA, is the second largest retail shop and a national world limited alliance. It is a juicy business and it is the subsidiary of American comp all Wal-Mart. It was founded in 1949. Furthermore as Asda is a profitable business it is also in the private sector. Welcare is a topical anesthetic charitable, non-profit organization.They earn no profit out of their work however do accept forms of donations and fundraisers. The charity was set up by a church service over 100 years ago. It was sooner founded in 1894. Furthermore as it a no nprofit business and is giving service it is in the public sector. Purpose of the businessA charity is a group of profitable people whose aim is to give a service and help those in need. Welcare charity provides operate which include social work and family support, support groups and action skill workshops and also a childrens health clinic. They work to restrict 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 deal outs general merchandise such as food, drink, clothing and sundry(a) other items. It also has services such as insurance, financial services and a mobile telephone network. Business Ownership and level of indebtednessAsda was founded by Associated Dairies & Farm Stores Limited in 1949. This is situated in Leeds. The company has limited liability, therefore any debts within the company are compensable by shareholders investm ent and this instrument the owner wouldnt have to sell their assets and belonging 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.