Impact of Government on Business: Environment Analysis and Changes

This assignment provides a comprehensive analysis of the business environment, focusing on the impact of government policies, competition, and globalization. It examines different legal structures of business organizations, including sole proprietorships, partnerships, joint stock companies, and corporations, highlighting their advantages and disadvantages. The report assesses UK competition policy, comparing it with EU policy, and explores the operations of the Competition and Market Authority (CMA). Furthermore, it discusses macroeconomic objectives, fiscal and monetary policy instruments, and the effects of government intervention on employment and the economy. Finally, the assignment delves into the impact of globalization on business, competition, and the economy, including the effects of offshore manufacturing on domestic policy. Desklib offers a variety of resources, including past papers and solved assignments, to aid students in their studies.

Business environment

Contents
TASK2
Different legal structures with advantages and disadvantages..................................................12
Public and private ownership business organisation difference with sources of financing......13
UK Competition policy assessment and legislative framework surrounding anticompetitive
practices.....................................................................................................................................13
Competition and market authority operations in reviewing business practice and impact of
consumer....................................................................................................................................14
Objectives and fiscal and monetary policy instrument for government regulation...................15
Globalisation and its effects on business, competition and economy.......................................15
CONCLUSION..............................................................................................................................17
REFERENCES..............................................................................................................................18

TASK1

It helps in creating long term impact on the business. In context to Tesco, there are six factors
covered in this framework which are elaborated below:

Social factors: Tesco always focuses on the current needs and demands of their customers. As
the global pandemic changes the entire process of purchasing, billing, payments and much more.
Tesco facilitates online services, contactless payments and much more for the customers.
Moreover, as the customers becoming more favourable towards organic products, the company
also sells organic products in their outlets.

Environmental factors: Tesco has been taken many initiatives in order create sustainable
society. It has announced its phase 2 of remove, recycle, reuse and reduce plan. It is also found
that the organisation has changed 800 goods and supported in restricting the exploitation of
plastic which is tough to recycle.

This helps Tesco to track their performance and position in the market.
Competition: Retail industry of UK has stiff competition from number of companies such as
Sainsbury's Walmart, ASDA and much more. These established players with strong logistic
networks and supply chains and are hardly different from one another. This force has high
impact on the Tesco as customers can easily switch to these competitions.

Threat of new entrants: For new entrant in retail sector requires establishing a store, begin
operations with lump-sum capital amount and more. Also, Tesco is a leading player in global
market and it is hard to sustain against it. Hence, this force will be considered as low.
Threat of substitutes: It is seen that Tesco sell products which are expected to meet the
customer's demands and needs efficiently. It has products such as petrol, groceries, electronics,
clothing and much more. Thus, it can be said that the threat of substitute is very low to Tesco.