Commercial sector

AA rating system 9
General meaning of rating by stars 9
Red star awards 10
Diamonds 13
Tick 14
Task 4 15
Marketing 15
Financial planning 15
Human resources 16
Technology 16
Bibliography 17
Commercial Sector Assignment
Task 1
The scale of outlets
Restaurants are organized into groups in chains or franchise organizations or stand alone as independents. Also they can be grouped in companies and different organizations.
Private company- a type of company who offers its shares to the public. All companies that are not public are private companies. Private company tends to be used for smaller businesses.
Public limited company (PLC) - a type of limited company whose shares may be offered for the sale to the public. It is similar to a corporation and it is often more flexible from ownership, suitable for smaller companies with a limited number of owners.
Chain outlets- are a range of retail outlets which share a brand and central management and selling the same merchandise, usually with standardised business methods and practices. Such stores may be branches owned by one company or franchises owned by local individuals or firms and operated under contract with the parent corporation. Features common to all chains are centralised marketing and purchasing, which often result in economies of scale, meaning lower costs and presumably higher profits.
E.g. hotel chain- a group of hotels managed together under a business arrangement known as franchising.
International -an international organization, or more formally intergovernmental organization (IGO), is an organization whose members are sovereign states, incorporated under the act is exempt from taxation. Non-governmental organizations- (NGOs) are private organizations that can also be international in scope. Generally and correctly used, however, the term "international organization" is reserved for intergovernmental organizations only. Membership of organizations (global organizations) is open to all the nations of the world.
Group- a company is a member of the same group as another if it is the...

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