Report on Business Environment Of TESCO Company |Global Assignment Help

1. Business Environment Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

2. TABLE OF CONTENTS INTRODUCTION ...........................................................................................................................3 TASK 2- UNDERSTANDING THE NATURE OF NATIONAL ENVIRONMENT IN WHICH BUSINESSES OPERATES .............................................................................................................3 (2.1) How economic systems attempt to effectively allocate resources ....................................3 (2.2) Assess the impact of fiscal and monetary policies on chosen business organization’s activities .....................................................................................................................................................4 (2.3) Evaluate impact of two macroeconomic policies and how influence your UK organization and global economy ..........................................................................................................................5 TASK 3- UNDERSTANDING THE BEHAVIOR OF ORGANIZATIONS IN THEIR ENVIRONMENT AND ASSESSING THE SIGNIFICANCE OF GLOBAL FACTORS THAT SHAPES NATIONAL BUSINESS ACTIVITIES ..........................................................................6 3.1 Three different types of market structure and determining pricing and output decisions of organization .................................................................................................................................6 3.2 Ways your organization behaves is shaped by market forces ...............................................7 3.3 How your chosen organization is shaped by the business strategies ....................................8 4.1 Significance of international trade on the selected UK business organization .....................9 4.2 Impact of two global factors that impact on UK based organization ..................................10 4.3 Evaluate the impact of two European Union policies on chosen UK based organization 11 CONCLUSION ..............................................................................................................................12 REFERENCES ..............................................................................................................................13 Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

3. Introduction Business Environment consists of different external and internal factors that directly and indirectly affect the operations of business organization. In the contemporary marketplace, enterprise needs to analyse both the factors as it would help the organization to sustain in the competitive scenario. In the globalized economy, business environment plays crucial role in almost all the enterprises as it will help in understanding the internal, external environment as well as it will also understand the current marketplace under which organization is operating their businesses (Ahmed, 2012). For conducting the present report selected organization is Tesco PLC, one of the leading British multinational grocery supermarket chains in the UK. Tesco PLC is a public limited company and the business allows public to invest in its shares for proper funding. This company is mainly affected by the business environment as they operate their business in the different countries and region that affect their operations too. Present report will focus on understanding the main purposes of organization to exist in the competitive scenario thus, by understanding the nature of market environment in which they are operating their business. The report will also understand the major impact of monetary and fiscal policy on the internal environment of the business as well report will also access the affects of competitive policy and several other government mechanism on the businesses. Lastly, report will able to assess the significance effects of global forces on those organizations that operate business in UK. TASK 2 Understanding The Nature Of National Environment In Which Businesses Operates (2.1) How economic systems attempt to effectively allocate resources A number of economic systems have been explored that helps in allocating resources in adequate manner; thus such economic systems are free market economy, centrally planned economy and mixed economy and they effectively allocate different resources within the organization. In the free market economy, resources are privately owned by the individuals and often decisions regarding the manufacturing is also taken by the individual itself. The main motive of organizations operating in free market economy is to earn maximum profit and grow their business in the different region (Bansal, 2012). Under this economy resources are being allocated through identifying different market aspects. Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

4. What developed: How developed: For Whom it should be developed: should be Based on needs and demands of customers it should be On the basis of seller's profit acquiring power Based on purchased ability Another economic system includes centrally planned economy under which government plays a central role in taking decisions and allocating scare resources in their ways. According to the demography and demand government distribute and allocate resources in the economy. What ought to be On the basis of preferences given by government produced: The way to develop it: It depends on the availability of workforce at government offices For Whom it is Based on preferences of ruling bodies developed: Last type of economic system includes Mixed economy under which individual and government collaboratively takes the decisions regarding allocating different resources. Such economy is based on different private sectors where allocation of resources is based on market forces as according to the demand of customers for instance, grocery sector of UK economy (Camacho, 2012). While, in public sector resources are allocated by government. What needs to be Partially by customers aspects and on government basis produced The ways to produce: Based upon producers aspects as how they look for profits and to a certain extent by government For Whom it should be Often on the basis of customers and government produced: Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

5. (2.2) Assess the impact of fiscal and monetary policies on chosen business organization’s activities Fiscal policy and monetary policy affects the performance of Tesco PLC as well as on their activities. Government of UK has the authority to determine Fiscal policies as that helps to control the level of economy through altering taxation and government spending. For instance, if UK government increases the tax rates then Tesco will have fewer funds to invest and employ (Frischtak, 2001). Thus, it affects the Tesco PLC in charging higher prices for their products and services. However, if government decreases the tax rate then Tesco PLC would higher their spending in the UK economy and generates employment opportunities for people. Another policy is monetary policy that attempts to manage macroeconomic variables in an economy with the help of interest rate. This policy not only impacts the Tesco PLC but it also affects the entire UK economy (Grier, 2006). For instance, higher in the interest rates will reduced the demand and prevent the UK economy to expand fast. However, if the UK economy growth is slow-moving then they may cut the interest rate as lowering the rates will support the economy in boosting their growth and also reduces unemployment. A Sample Report on Business Environment To Buy Completed Assignment Contact Email- help@globalassignmenthelp.com Website- www.globalassignmenthelp.com Phone- +1 2139295632 (2.3) Evaluate impact of two macroeconomic policies and how influence your UK organization and global economy It has been spotted that the competition Policy is all about development of various policies and regulations which can improve the overall control on various business operational activities. It is to provide better business opportunities in global market with maintaining various standards. In other Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

6. words, it can be said that the macro economic policies are formed with an motive to provide fair and equal business opportunities to all organizations in all over the world. With an assistance of this, number of business organizations can operates their business in most preferred locations rather than their native place (Harrison, 2009). There are number of competition policy which must be followed by Tesco Plc in order to meet the standards. The classification of policies can be as Antitrust & Cartels, Market Liberalization and Merger Control. The above mentioned policies are prepared to ensure that companies are not getting involved in any kind of unethical or aggressive activity while they are operating in domestic and international market (Carter, 2007). In the support of this, it can be said that there are number of rules and regulations or policies which are formulated by diverse international agencies in order to promote fair and ethical work practice. It is necessary for international organizations to meet the standards of global agencies while operating at the global level. For example, as per the Indian policies if any organization wants to enter in Indian market that means management needs to get involved in Joint Venture (Fernando, 2011). If Tesco Plc is not having any Joint Venture with local organization then company can not operate its business in the country. In other words, it is a law of Indian governance which restrict foreign companies to have direct operations in nation so they have to participate in collaboration activity with associations who are already operating in the Indian market (Matthews, 2005). This clearly indicates that if Tesco Plc is looking to enter in Indian market then management need a tie up with an business firm which have operations in the same market. Other than this, it is also necessary for Tesco Plc to have improved focus on health and safety and employment policies while operating business in international and domestic market. It will facilitate business organization to have brand image and reduce negative outcomes of business. In this support the UK governance has also formulated various laws so that workplace standards can be maintained in better way (Doving, 2010). Moreover, it can also be stated that the regulatory bodies within nation are basically formulated to have better control over work culture of retail industry. Office of Fair Trade is a policy which have responsibility to ensure that the key market players are working in correct manner and have fair and righteous work culture. With an improved focus on this policy the management of Tesco Plc can easily meet the needs of customers. It also make sure that the goods which company sells are meeting the quality standards and it will not impact the health of Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

7. customers (Kárpáti, 2001). If company will not follow these standards and policies in proper way then business can face some critical issues. TASK 3 Understanding The Behavior Of Organizations In Their Environment And Assessing The Significance Of Global Factors That Shapes National Business Activities 3.1 Three different types of market structure and determining pricing and output decisions of organization Business markets take different forms and the structure of a marketplace that enables the perceptive of how organizations behave in the market structure. Determining market structure is essential in determining the pricing and output decisions. There are primarily three different types of market structure likewise monopoly, perfect competition and oligopoly. In Perfect competition, there are large number of buyers and sellers that deals in selling the standardized products (Rejc, 2004). Thus, this market structure is flexible as there is ease in market entry and exit. Under perfect competition market structure individual supplier have no control on taking pricing decisions. Pricing decisions are often determined by the aggregate demand and supply condition of market. Tesco PLC possesses perfect competition market structure as there are large numbers of buyers and sellers and pricing of their products are determined by the demand of customers (Tsiakkiros, 2002). However, output determination under perfect competition will continue to increase its output as long as they are ruling market price. In case of monopoly market structure, only one buyer is there who has the power to determine pricing and output decisions of the business. If demand is high at marketplace then business can increase the prices of their products but the excess hike in price of product can dissuade the demand of products (Besbes, 2009). Another type of market structure includes oligopoly that has few firms in the market that sells differentiated products in the marketplace. Price elasticity of demand in the oligopoly market is very small as due to few firms. However, the degree of control and decisions regarding the output is with the firm existing in the market structure (Greenwood, 2010). 3.2 Ways your organization behaves is shaped by market forces There are different market forces existing in the external environment that influences and shapes the behavior of organization. Thus, UK economy is considered as the fastest growing industry for the retail organization as customers prefer to purchase quality products and services at competitive prices. Market forces demonstrate the relation among supply and demand inside the market (Lee and et. al., Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

8. 2008). The way organization respondents shows its concern towards business or its economical circumstances. It further has a direct impact on business's profitability and revenue aspects. Large business organizations are engaged in conducting market analysis in proper manner and simultaneously they need to make sure that they are providing appropriate products to the clients as per their needs (Potter, 2008). The different market forces that shape organizational behaviour include: •Supply and demand: The foremost market force that shapes the Tesco PLC behaviour and actions include supply of the products and demand of products. Supply and demand forces plays vital role in delivering the services and products among the market customers. For instance, higher the demand of product will increase the supply of products in the market thus directly affect the prices of Tesco products (Rosenbloom, 2011). However, with the lower demand of products in the market Tesco PLC would supply less products in the market thus, will tend to reduce the pricing of products? Therefore, demand and supply of products in the marketplace also shapes the activities of Tesco PLC. •Customer’s perceptions and actions: Another market force that shapes the activities and behaviour of Tesco PLC include perception and preferences of customers. The main aim of Tesco PLC is to deliver wide variety of products in the market to satisfy the requirement of customers (Willem, 2007). Thus, determining the perception and needs of customers will assists the Tesco PLC in manufacturing and selling products according to customer’s requirement to enhance their profit margin. •Pricing decisions: Pricing decisions of Tesco PLC also act as market forces that shapes the organizational behavior and patterns. Customers often prefer to purchase products with low prices and high quality to satisfy their needs. For instance, there are large numbers of organization existing in the retail sector that provide wide variety of products at comparative low prices (Willem, 2007). Thus, customers will purchase product from the organization that sells higher quality products at minimum prices. Therefore, pricing decisions also act as the important market forces that influence the decisions of their customers regarding purchasing Tesco PLC products. 3.3 How your chosen organization is shaped by the business strategies It is necessary for every business organization to have designing of strategies as per consideration of various environmental and cultural factors which can impact the business operations. The classification of factors can be as follows: Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

9. •Political Factors –In the support of this, it can be said that the management of Tesco Plc must have consideration of various political factors during the formation of strategies. Governance of UK has introduced number of frameworks to amend the work conditions of retail sector. If management of Tesco Plc is not considering governance framework during strategy formation then it may lead business to great failure (Adler, 2007). For example, the changes in tax rates also have great great impact on organizational activities so stability in political factors must be considered in strategy formation. •Economic Factors –The economic conditions andfinancial environment also need to consider as vital part as it impacts directly on the operations of organization. For instance the UK financial and economic condition is good it means the company can decide its products pricing as per premium pricing strategy (Cloud, 2010). It will also facilitate the business organization to meet the standards of efficient and effective performance in order to meet goals and objectives. The low income expense ratio of UK citizens will force Tesco Plc to decrease the cost of products and services. •Socio-Cultural Factors –It means it is also necessary for business organization to have improved focus on perception of social class. For example, if management of Tesco Plc has decided to introduce high fat juice product but the social need is low fat juice product then business can face some key issues. It is necessary for Tesco Plc to have attention on effective identification of societal trends in order to meet the customer needs (Densten, 2002). If business strategy is selected without consideration of social and cultural factors that means organization is having low chances to survive in market. •Technological Factors –It is necessary for every business organization to have improved focus on effective development of technological factors so that business can have great opportunities. In this support it can be said that the improved focus technological factors provides better identification of customer needs and demands which is beneficial for effective designing of strategies (Maguire, 2003). There are number of technological equipment's which can be used by management of Tesco Plc to have better communication with customers. It also reduces the cost of operations which also impacts the selection of strategy. For example, the use of latest technology into operations provides better effectiveness and helps in meeting customer needs and wants in most suitable manner. Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

10. •Environmental Factors – It is also necessary for management at the retail enterprise to ensure that the organizational actions is not affecting the environmental conditions. If organizational activities and products is impacting environmental conditions then it will also influence the business strategies and force management to develop better standards (Bueno, 2014). 4.1 Significance of international trade on the selected UK business organization Every country emphasizes on international trade and this also extends the opportunities of growth and success in different market places. Some goods are available in some countries, so that ought to be exchanged with specific products and services which are not possible to execute without international trading. International trading is very profitable and economic. Some of the benefits of international trading to UK business organizations will be described in the following part: Broadens Horizons and Markets: The organizations working in UK can produce large amount of goods and services to different countries and this generates the possibilities of deriving foreign currency. International trade is far better as compared to domestic trade and it also develops the opportunities of global expansion and diversification. Hence, involvement in international trade encourages the ratio of sales, profit and customer base. The advancement in profit is considered as key advantage of international trade as it also amends the other business opportunities (Creating an Organizational Structure. 2014). Global trade is necessary part of operational activities because it aid the retail organization in effective expansion of company market share as well as brand presence in the global retail industry. It would also help the enterprise to have increase in its customer base and advance the brand image in the market. A Sample Report on Business Environment To Buy Completed Assignment Contact Email- help@globalassignmenthelp.com Website- www.globalassignmenthelp.com Phone- +1 2139295632 Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

11. Production Costs: Trade relations with other countries helps in managing production costs and through this, overall operational cost of the business can be declined. Tesco PLC has been importing wide range of products from other countries in affordable prices which helps the business to manage balance between supply and demand aspects (Pirraglia, 2013). Tesco PLC has wide range of outlets in national and international countries. There are a few employees in Tesco who get the opportunity to visit different countries so as to promote the outlets. Materials: To produce more goods, Tesco is dependent on suppliers and customer’s needs. In order to manage production aspects, Tesco believes in importing and exporting services and this also enhances the reach of business to different market places(Bueno, 2014). Likewise, there are varied countries which requires quality materials like arms, cars, engines and to get the same, they import it from UK. Global trade gives the opportunity to exchange products differently there will be very scarce choice for each country. 4.2 Impact of two global factors that impact on UK based organization There are number of global factors which can influence the operations of Tesco Plc; hence thee business must look upon international trade aspects. The classification of global factors can be made on the basis of technological developments, cost of labour, taxation policies and etc. Further, in respect to this, having cultural differences may create some barriers for business organization; thus there should be equal concern for all cultural values and norms. For example, the company is operating its business in India but due to cultural and language differences the executive is facing some issues. In this condition it is necessary for management to have improved knowledge about cultural aspects (Maguire, 2003). Moreover, every nation have different technological aspects which can also impact the overall operations of retail firm. In the support of this, it can be stated that the business organization is looking of business expansion in any developing nation where technological resources are not available in easy manner. In this situation management of Tesco Plc needs to bring technological resources from foreign sources (Densten, 2002). It will increase the overall cost of operations and may lead business to some financial issues. Other than this, it has also been spotted that the Tesco Plc is well known as international firm so it is necessary for management to meet needs and wants of customers in better way. The needs of customers are differ from country to country so it is necessary for management of retail firm to have improved focus on diverse plans which can facilitate in providing products as per the customer needs Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

12. (Cloud, 2010). In the support of this, it can be said that the labour cost also have impact on the business operations so it is necessary for retail firm to focus on this factor. For example, the company is looking for business expansion in India which means the labour cost of business will be low. It is because the India is holding high ratio of qualified and low cost human resources which is one of opportunity for Tesco Plc as it will also reduce the overall cost of operations (Adler, 2007). In other words, it can be said that it is a way through which management can have better balance between operational costs and expenditures. Furthermore, the taxation policies of different nations are also different as per the local governance standards. It can also influence the operations of business organization. Another key factor which can influence the Tesco Plc operations is technology (Willem, 2007). Number of latest technological equipments are using within international market. It is one of key reason that the Tesco Plc is also looking forward for technological advancement in its operations. 4.3 Evaluate the impact of two European Union policies on chosen UK based organization It has been spotted that the European Union has introduced number of policies in order to amend the business opportunities and protect businesses from any unethical activity. In the support of this, it can be said that the European Union is a international trade agency which monitor business activities of various European nations like UK, France, etc. In other words, it can be said that it is a business regulatory body which control various trade activities at overseas level. In order to have better promotion of fair trade opportunities the EU has introduced number of policies (Willem, 2007). In the support of this, it can be stated that the Food and Safety policy is one of regulatory policy which ensure that the food products provided by organizations are according to quality standards and it will not influence the health conditions. It is requisite for Tesco's management to emphasize on food and safety policy so that to prevent customers from harm. If Tesco Plc will not follow the regulations and quality standards of EU then company might experience several legal constraints which could hamper overall operational activities (Rosenbloom, 2011). Other than this, it has also been spotted that management of Tesco Plc need to focus on improvements regarding various measures which can influence the overall operational activities. For example, the Tesco Plc is looking for launch of organic product but EU has set some standards in respect of organic product. In such respect, it is crucial for the business to have improvement in products as per the standards (Potter, 2008). Moreover, Antitrust policy is another regulatory which is associated with the operations of firm. It ensure that the organizations are not having any unethical business Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

13. practice. In other words, it can be stated that the business organization must not involved in any actions as that can affect stakeholder's interest and it may also lead to customer dissatisfaction. Conclusion Summing up the research, it can be concluded that business environment is consisted of diverse factors which are integrated with external and internal forces. It provides understanding about direct and indirect impact of factors on the operations of business organization. It has been spotted that it is necessary for every business organization to have improved knowledge about various environmental factors so that business can have effective designing of strategies. Moreover, it is also necessary for Tesco Plc to have improved services as per the needs of all stakeholders and business should also meet all responsibilities and organizational goals in effective manner. The one of key responsibility of organization is to increase the value proposition of their staff in order to have better motivation among employee’s and increase in commitment towards social group. Other than this, it has also been spotted that it is also necessary for business organizations to have improved focus on European Union policies in order to meet the standards and better accomplishment of organizational goals. A Sample Report on Business Environment To Buy Completed Assignment Contact Email- help@globalassignmenthelp.com Website- www.globalassignmenthelp.com Phone- +1 2139295632 Get the best business environment assignment help from the leading writing provider of USA and UK in shoe-string budget. Reach to Globalassignmentehlp.com for more information.

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