Unit 1 - P1 Business level 3 Essay

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Tesco is the Public Limited Company I will explore. To understand the size of Tesco, it has stores in 12 countries across Asia and Europe. There is a sum of 3739 Tesco stores within the UK (as of 2017). They also have 460,000 Colleagues at the end of 2016. This shows the size of Tesco and gets us to understand the effect that Tesco has on the UK’s economy and needs and goods of UK’s communities.

Beyond participating in local community events, it is important that Tesco PLC NI become a direct supporter of the local community’s business people and companies. By supporting the local community and purchasing from local suppliers, a company could see an increase in sales and business.

isions that businesses make are called stakeholders. Most decisions affect a number of stakeholders. Stakeholders have increased influence on company business activities in the early 21st century as community citizenship and social responsibility have been consistently integrated into business management. Customers, employees, communities and business partners are among key stakeholder groups that carry weight in company decisions and activities. Understanding the impact of these stakeholders on business is especially important for small businesses.

In transaction by way of Tesco, it is a British international selling store and overall produce retailer with centre of operations in Welwyn Garden City, Hertfordshire and UK. It is the 3rd biggest selling company in the business domain restrained by revenues and 9th leading shop in the al individuals slow by profits. It has supplies in 12 states from corner to corner Asia and Europe and also it is the products market lead in the UK wherever it takes a marketplace Market Share of everywhere 29.3%.

There are a wide range of different political factors that will influence Tesco and the way it will run as a business. For example, the UK government, or the body accountable for the nation the grocery store is arranged in, the European Union and other organisations for example, the World Trade Organisation. The World Trade Organisation should ensure the nourishment being imported is safe and that the trading is fair.

There are several laws that affected Tesco due to the organization markets a wide-ranging of products and services. Like the agricultural goods the UK government is improving the shared agricultural policy. The government is revising the way direct subsidies will be allocated to farmers (Gov.uk, 2014, n. p.). Such measures can lead to lower subsidies, which affect the capability of farmers

This year Tesco have had to take difficult decisions around store closures and not proceeding with plans to develop new retail sites. In each case, they have done everything they can to be open and transparent with the local community, speaking with community leaders every step of the way.

The difference between them their customers. Tesco sell directly to the general public and can have a direct impact on them, they can walk into any of the stores and purchase products from the shelves. It is therefore important from Tesco’s point of view that the stores are set up and marketed correctly to project the correct image. They also have the opportunity to change their layout of their stores to influence what the customer buys.

Tesco is one of the world’s biggest retail business,and it is the biggest private enterprise in the UK.Besides,international expansion is a significant stage for Tesco supermarket to develop so quickly ,it operates in many countries,such as

Tesco PLC is a multinational grocery headquartered in England. It is the third-largest retailer in the world measured by profits and second-largest grocery retailer in the world measured by revenues (Potter, 2011). It has operated in 12 countries including Asia, Europe and America and is the grocery market leader in the UK (Tesco PLC, 2014). Its stores divided into Express, Metro, Superstore, Extra and Tesco. com since 1970. Initially, it was a focused grocery retailer since the early 1990s. Tesco has diversified itself geographically into food retail, non-food retail, petrol stations and home living range since 1992. Tesco reposition itself in the 1990s, from a downmarket to a retailer crosses a wider customer group, from its Tesco Value launched in 1993 to its Tesco Finest ranges(Steve, 2014). The moves and changes were successful by the growth of stores from 500 stores in the mid-1990s to over 2,300 stores five decades later (Steve, 2014). In 2014, Tesco had a market capitalisation

Tesco Company is UK based company which is a reputed company in the market. It has a huge number of employees. In

Tesco PLC is one of the largest retailer in the world and by revenues it is the third largest , started in Welwyn garden city , Hertfordshire , England, and united kingdom , it has a large varieties of superstore and merchandise stores in many continents .it is one of the leading market of the groceries in the UK in which it has a market share of 28.4% , it has stores in many countries like Hungary , Thailand , Malaysia , Ireland . Recently it’s been proposed to open up in UAE.

In opposite, Tesco, additionally a general store in the tertiary part of the UK economy, of which utilize 517,802 individuals as of Dec 2016. Tesco 's authoritative structure is a tall structure which

When it comes down to Tesco’s worldwide presence is that their performance will be influenced by global political factors which include, tax rate, acts of legislation and the overall political stability of the countries the company operates in. Due to the ongoing financial instability across the world, the governments have increasingly encouraged retailers to create more jobs and opportunities for the local people. From lower paid and locally based jobs to higher skilled, higher based jobs. This is very important consideration as it creates more employment opportunities. Tesco is ensuring their workforce is diversified and representative of the population, such key categories include students, elder citizens and disabled people.