TESCO's Economic Environment: Govt Policies & Int'l Factors

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Added on 2024/07/12

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This report examines the impact of economic changes and policies on TESCO, a retail sector company in the UK. It outlines the effects of changes in the economic environment, including the influence of government policies and spending. The report also analyzes the effects of fiscal and monetary policies on TESCO, highlighting the impact of interest rates and inflation. Furthermore, it explores the impact of international economic changes, such as employment, inflation, interest, and exchange rates, on TESCO's operations and policies. The report concludes by emphasizing the significance of understanding economic changes and policies for businesses like TESCO, providing a comprehensive overview of the company's economic environment.

Business and the Economic Environment

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Table of Contents
Introduction................................................................................................................................ 4
Task 1: Impact of Economic Change on a Selected Business...................................................5
Task 2: Fiscal and Monetary Factors.........................................................................................6
Task 3: Impact of International Economic Change on A Selected Business.............................7
Conclusion..................................................................................................................................8
Reference List............................................................................................................................9

Introduction
The report will emphasize on the significance of economic change in TESCO. It will clearly
outline the economic policies and the significance of international expansion of a business
organisation.

Task 1: Impact of Economic Change on a Selected Business
P1.Explain the effects, of changes in the economic environment on a selected business
Every business organisation is subjected to economic change in a business environment.
TESCO is a retail sector company in UK that is also impacted by the change in the business
environment. The term economic change implicates the utilisation of the policies and taxes
for the growth of the organisation.. It would have a positive and negative effect on the growth
of the industry.
P2.Identify how government policies impact on a selected business
Government spending in TESCO is done through the means of policies that have an impact
on the growth of their business sector (Bailey, et al., 2018). The impact of government
spending can be witnessed in the business sector.
P3 Identify the impact of government spending on a selected business
The impact of government spending on TESCO in the retail sector industry contributes to the
decrease in the financial crisis of the company. Therefore the multinational retail sector comp
nay TESCO is subject to a number of economic changes in the business environment. This
has an positive and negative impact on the growth of the sector.

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Task 2: Fiscal and Monetary Factors
P4. Explain how both fiscal and monetary policy decisions have affected a selected
business
The fiscal and monetary measures would also be analysed for the business sector known as
TESCO. The monetary and fiscal measures that are taken into consideration for the business
sector TESCO by the utilisation of important measures and policies (Lyon et al., 2018).
TESCO is often affected by the monetary changes that are prevalent in the business
environment. Therefore, the retail sector TESCO is impacted by the change in the economic
policies of the country. The fiscal and monetary measures have affected TESCO with a
decrease in the interest rates of the business sector. The business sector is impacted by
inflation by the prevalence of the fiscal and monetary measures. The fiscal and monetary
measures of TESCO works in accordance with a number of policies that govern the retail
sector industry.

Task 3: Impact of International Economic Change on A Selected Business
P5. Describe the impact of international factors on a selected business
International economic changes are termed as the significant changes that are prevalent in the
business organisations on a global scale (Cummings, 2014). According to the global
economic change, a number of factors are affected in the business organisation. These
include the employment, inflation, interest, exchange rate and so on. With the introduction of
these changes, TESCO will undergo a change in its policies. This will also have an impact on
the growth of the business sector. Although, the retail sector company is known for the
important policies that are important for the sector. International Economic change also has
an impact on the operations of the retail sector industry.

Conclusion
The report has provided a comprehensive and end-to-end understanding on the significance
of economic change and policies in a business environment. The report has worked in unison
with the retail company known as TESCO. It has provided important and relevant
information on the impact of economic change for the company.

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Reference List
Bailey, C., Mankin, D., Kelliher, C. and Garavan, T., 2018. Strategic human resource
management. Oxford University Press.
Cummings, T.G. and Worley, C.G., 2014. Organization development and change. Cengage
learning.
Lyon, T.P., Delmas, M.A., Maxwell, J.W., Bansal, P., Chiroleu-Assouline, M., Crifo, P.,
Durand, R., Gond, J.P., King, A., Lenox, M. and Toffel, M., 2018. CSR Needs CPR:
Corporate Sustainability and Politics. California Management Review, p.0008125618778854.