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Business Environment Report of Sainsbury

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Added on  2020-07-23

Business Environment Report of Sainsbury

   Added on 2020-07-23

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Business Environment Report of Sainsbury_1
Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................1P1- Describe the type of business, purpose and ownership of two contrasting businesses....1P2- Different stakeholders who influence the purpose of two contrasting businesses...........2TASK 2............................................................................................................................................3P3- How two businesses are organised..................................................................................3P4 Explain how their style of organisation helps them to fulfil their purposes.....................4TASK 3............................................................................................................................................4P5- Describe the influence of two contrasting economic environments on business activities..4TASK 4...........................................................................................................................................5P6- Political, legal and social factors are impacting upon the business activities .................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................7
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INTRODUCTIONBusiness environment connotes external forces, factors and institutions that are beyondthe control of the business and they affect the functioning of a business enterprise. These includecustomers, competitors, suppliers, government, and the social, political, legal and technologicalfactors etc. Sainsbury is a big chain of the super market in United Kingdom. Its supermarketprovides groceries, households, clothing, many food items etc. In this report mentions about thevarious type of business and their purpose or ownership. The stakeholders are of different typeswho impact on the objective of two businesses (Babatunde and Adebisi, 2012). In this presentreport also mentions about the impact of two economic environments on business activities within Sainsbury business firm. TASK 1P1- Describe the type of business, purpose and ownership of two contrasting businessesSainsbury is a large business firm and it is a retail sector business firm. It is a secondlargest chain of supermarkets in United Kingdom. There are two different business organisationSainsbury and other one is Tesco. It is also a retail business firm and this company deals in manyproducts and services such as electronics, clothing, internet service provider etc. Tesco is a big reatil company and It is the third largest retailer in the world measured byprofits and ninth-largest retailer in the world measured by revenues. It has stores in 12 countriesacross Asia and Europe and is the grocery market leader in the UK (where it has a market shareof around 28.4%), Ireland, Hungary and Thailand (Chavis, Klapper and Love, 2011). Tesco hasdiversified geographically since the early 1990s and into areas such as the retailing of books,clothing, electronics, furniture, toys, petrol and software; financial services; telecoms andinternet services.The type of this business firm is public and the main purposes of this company are asfollows:Tesco adopts its strategy with a core purpose 'to create value for customers to earntheir lifetime loyalty.' This is expressed as two key values.Its main purpose is to increase profit by providing good quality services to itscustomers. Treat people in an effective manner. 1
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