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Financial and economic literacy for manager - Assignment

   

Added on  2021-04-21

20 Pages3839 Words125 Views
Running head: FINANCIAL AND ECONOMIC LITERACY FOR MANAGERSFinancial and Economic Literacy for ManagersName of the Student:Name of the University:Author’s Note:Course ID:
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1FINANCIAL AND ECONOMIC LITERACY FOR MANAGERSTable of Contents1. Business economic concepts of market structure, small and medium enterprises, multinationalcorporations and growth strategy of Tesco Plc:..............................................................................22. Business economics concepts of demand and supply and the monetary policy of the Bank ofEngland to the UK Housing Market:...............................................................................................43. Key macroeconomic indicators and trend in these indicators in UK for the past five years:......84. Application of leverage and current asset management in decision-making for the managers:125. Financial analysis, present value and capital budgeting:...........................................................13a. Ratio analysis of Tesco Plc for the years 2015 and 2016:.....................................................13b. Present value:.........................................................................................................................15c. Investment appraisal:.............................................................................................................15References:....................................................................................................................................17
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2FINANCIAL AND ECONOMIC LITERACY FOR MANAGERS1. Business economic concepts of market structure, small and medium enterprises,multinational corporations and growth strategy of Tesco Plc:Introduction:In the contemporary global economic and corporate scenario, with the businessesbecoming more complex, integrated, expanding and inclusive, almost in all types of industries,the operational framework of the businesses is becoming far more competitive and subjected tothe variations of the various exogenous as well as endogenous factors (Jonesand Sloman 2017).Of the different aspects, there also remain different economic factors which affect the operationalframework of the companies and based on which the business decisions and strategies are madeby the contemporary commercial organizations in the global framework. These factors includethe market structure in which the concerned company is operating, the demand and supplysituations existing in the industry, level of competitions faced by the firm, nature of thecommodity or service which the company is providing as well as the economic strategies takenby the firm as well as by its competitors, in order to achieve the general targets of profitmaximization and increased cost efficiency (Frankand Cartwright2013). Keeping this into consideration, the concerned report tries to analyse the businessscenario and economic implications on the operational framework of Tesco, the largestsupermarket operating primarily in the United Kingdom, with stores in many countries acrossEurope and Asia. The company is not only one of the largest grocery and merchandise retailersin Europe but is the third largest one in the global supermarket industry in terms of profit andninth largest in the form of revenues (Tesco.com, 2018). With average annual revenue of nearly56 million pounds and global employee strength of more than 476,000, the company enjoys
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3FINANCIAL AND ECONOMIC LITERACY FOR MANAGERSimmense global clientele as well as a robust supply chain consisting of long term relations withthe different suppliers across the globe. Structure of market and economic conditions in which Tesco operates in UK: In the United Kingdom, however, Tesco operates in an oligopolistic market structure. Inthe theoretical framework of economics, Oligopoly is known as the market structure where thereis presence of several suppliers (not more than twenty as per convention) and many buyers,which in turn gives each of the sellers considerably high share of market power and decision-making abilities regarding their products aa well as their prices. However, though the productssold by the suppliers are differentiated, the decisions regarding pricing and production of eachproducer is dependent on the actions and decisions taken by other producers in the same industry(Dunne et al. 2013). Keeping this into consideration, it can be asserted that the supermarket industry of theUK is mostly of oligopolistic in nature. This is because, in spite of the presence of many supplyside providers in the market, the market is primarily dominated by few large supply side players,each of which enjoy considerable market share in the supermarket industry, which can be shownwith the help of the following figure:
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