UK Competition Policy, Business Environment & Tesco's Market Analysis

This report provides a comprehensive analysis of the business environment, focusing on Tesco's market position and the UK's competition policy. It explores various market structures, including monopoly and perfect competition, and assesses the UK's competition policy in comparison to the EU's. The report also examines the role of the Competition and Markets Authority (CMA) in reviewing business practices and its impact on consumers, covering both positive and negative aspects. Furthermore, it delves into macroeconomic objectives, fiscal and monetary policy instruments used by the government to regulate the economy during recessions, and the impact of government intervention on employment, interest rates, taxation, exchange rates, and the balance of payments. Finally, the report discusses the impact of globalization on business, competition, and the economy, including the effects of offshore manufacturing on domestic policy. Desklib offers more solved assignments and resources for students.

Business Environment

Contents
TASK 2............................................................................................................................................3
A) Introduction to provide overview of different types of organisation in different sectors......3
B) Explanation of different legal structure including its advantage and disadvantage...............3
C) Differences between public and private ownership including different forms of financing
used for both................................................................................................................................4
D) Assessment of UK competition policy and legislative framework surrounding anti
competitive practices...................................................................................................................4
E) Ways in which competitions and market authority operates in order to review business
practice and impact on consumer................................................................................................5
F) Understanding of objectives and fiscal and monetary policy instrument used by government
used to regulate economy time of recession and impact on employment, interest rate, taxation,
exchange rate, balance payment in relation of business operation..............................................6
G) Understanding of globalisation and can be affected with business, competition and
economy.......................................................................................................................................6
REFERENCES................................................................................................................................8

TASK 1

For this report, Tesco organization is considered which most popular British multination
organization. This presentation will focus on the PEST analysis and Porters five force models.

The organization identified the entire scenario of external elements that influence their decision-
making process using PESTLE analysis. The following are some of the factors that are explored
in the context of Tesco in this analysis: -

Economic factors - The organization considers inflation, recession, employment law, and
minimum wages in this aspect of economic development. Tesco established an effective pricing
policy active competitive pricing policy in order to retain the economical element, allowing
businesses to easily acquire more revenue and obtain more economic benefit.

Bargaining Power of Suppliers – Due to the huge number of suppliers at the whole
marketplace, bargaining power of suppliers is moderate. When demands for suppliers are high,
the company works with a variety of suppliers to ensure maximum production. The firm's supply
chain must be upgraded, and a broad customer base must be attracted.