The study revolves around the business environment of Tesco. The study covers internal and external factors affecting Tesco's business.
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Introduction Businessisreferredtoaneconomicactivitythatis performed with an aim of earning profits. The business of an organization is affected by various factors. The various factors include internal as well as external factors. The internalfactorsofabusinesscompriseofowners, employees, etc. for which the effects can be controlled by theorganization.Theexternalfactorscompriseof government,investors,etc.whoseeffectscannotbe controlled by the organization or the business (Buppert, 2020). Tesco is a UK based multinational retail sector organization. Theorganizationdealsin various products such as groceries, food products, and health and beauty products. The study revolves around the business environment of Tesco. TESCO And Its Environment Name of the Student External Environment •Political factors •Economic factors •Social factors •Technological factors •Legal factors •Environmental factors. Internal Factors STRENGTHS •Market share •Brand value •Tesco Online •Leadership WEAKNESSES •Dependency •Debt •Weak global presence How the company impact its context External Environment •Leadership •Corporate culture •Corporate governance References Buppert, C., 2020. Nurse practitioner's business practice and legal guide. Jones & Bartlett Learning. Caldera, H. T. S., Desha, C. and Dawes, L., 2018. Exploring the characteristics of sustainable business practice in small and medium-sized enterprises: Experiences from the Australian manufacturing industry. Journal of Cleaner Production, 177, pp.338-349. Helfaya, A., Kotb, A. and Hanafi, R., 2018. Qur’anic ethics for environmental responsibility: implications for business practice. Journal of Business Ethics, 150(4), pp.1105-1128. Hroncová Vicianová, J. and et.al., 2017. Developing eco-innovation in business practice in Slovakia. Journal of Business Economics and Management, 18(5), pp.1042-1061. Norbury, P. ed., 2019. Business In Japan: a Guide To Japanese Business Practice And Procedure--Fully Revised Edition. Routledge.