What Type Of Business Is Tesco?

Tesco is a supermarket based in the United Kingdom and is the largest British retailer, inclusive of global and local sales. It is the fourth largest supermarket chain across the globe, after America's Wal-Mart and The Home Depot and The Carrefour of France. In October 2006, it had market volume sales of £29.090 billion.

Earlier it had a market chain of only food supplies, however, over the years its business expanded into markets such as consumer electronic goods, selling and renting DVD's, clothes, internet service, consumer telecoms, compact discs and music downloads and financial services.

This huge market chain was founded by just one man named Jack Cohen in London's East End. The company's first brand appeared in the 1924 and its first store opened at Burnt Oak, Edgware, London in 1929.

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