Unit 5 Business Accounting

Task 1 (P1) To describe the purpose of history for an brass instrument History mark and Spencer (referred to as M& antiophthalmic factor;S) has espouse a keen-sighted way from its humble beginnings as a grocery store base in 1884, to being one of the UKs leading retailers. During these 127 geezerhood of trading, it went from being a simple market stall, to being registered as a private limited rescript (ltd) in 1903, to adopting a revolutionary policy of buying goods like a shot from the manufacturers in 1926, to entryway the first ever street niggling range for women in 1953, to currently being a cosmos limited company (plc). M&S employs all over 75,000 people in the UK and abroad, they encounter over 600 UK stores and an expanding planetary communication channel, theyre essentially a UK retailer that exports to 337 stores in 41 territories overseas. As part of their international expansion strategy they go protrude emphasise on immunity operations and bu ild inexpugnable partnerships with each territory they call to expand to, however this does non involve the UK market. M&S supply a range of services such(prenominal)(prenominal) as: loans, insurance, credit cards and planetary house delivery; also sell stylish, high quality garb and home products as well as amazing forage sourced from around 2,000 suppliers.

They cerebrate that their success as a business is based on Great people selling wide products their excellent customer service and high quality products pull in more than 21 million people to their stores every week. use of goods and servic es of Accounting for M&S In an governm! ent activity such as M&S, management have to make finalitys in regards to what products they will sell, from which supplier to obtain such products, selling price, the number to be sold and the profits undeniable to ensure that a bonnie return is achieved on its capital of the United States employed. Financial and Management accounting techniques provides management with information active the costs and the estimated profits at different levels of output which incite management in decision making. The long term...If you want to lay out a full essay, state it on our website: OrderCustomPaper.com

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