P1 Unit 6 Business Report
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PLEASE NOTE: YOU SHOULD INCLUDE THIS INFORMATION with EVERY ASSIGNMENT.
Introduction
In this assignment I will be researching the Business Environment and the Business Organisations, I will learn why Businesses operate in different ways and how strategies are developed to meet an ever changing market both national and globally.
Section 1
Understanding the Organisational Purposes of Business.
There are several terms to describe the word Organisation;
A company set up to be profitable, a company set …show more content…
If Tesco is not making a great deal of profit, then it cannot afford to pay its employees, and therefore there will be a low rate of employment. Low employment will mean that people will not be able to afford to buy a lot of goods, and so Tesco may become extinct.
Interest rates are set by the Bank of England’s Monetary Policy Committee monthly in the UK. The MPC decides whether interest rates should go up, go down or stay the same, their decision is based on ‘the objective is to keep aggregate demand as far as possible in line with the productive capacity of the …show more content…
Good examples could be food retailers such as Tesco, Morrison and ASDA. Consumers have plentiful choice in where to shop for their groceries with each retailer offering various incentives and loyalty rewards to shop with them.
Using Tesco as an example many things affect how they supply to the demand. Seasonal affects such as Christmas, Easter, Summer, Winter, Back to School etc, all change the way products are marketed and also when they marketed. No sooner have schools broken for summer holidays, when the big food stores are advertising back to school, and Christmas items appear on shelves in September. Recession brings out more ‘Own Brand’ items which due to increased costs in living drive consumers to buy.
For the final point in section three I will look into how Tesco reacted to the last recession. In the teeth of the biggest recession since records began, Tesco has just unveiled record profits – again. The 4,300-store grocer, which now operates in 14 countries, delivered a 10% increase in profits to £3.4bn and was declared “stronger than it was before the recession". But, it would have been a shock if the business, now the world 's third biggest retailer, had not produced another leap in
Name:
Address:
Post code / Zip:
Telephone No:
Email Address:
Date:
Course Name:
Tutor Name:
Assignment Name:
PLEASE NOTE: YOU SHOULD INCLUDE THIS INFORMATION with EVERY ASSIGNMENT.
Introduction
In this assignment I will be researching the Business Environment and the Business Organisations, I will learn why Businesses operate in different ways and how strategies are developed to meet an ever changing market both national and globally.
Section 1
Understanding the Organisational Purposes of Business.
There are several terms to describe the word Organisation;
A company set up to be profitable, a company set …show more content…
If Tesco is not making a great deal of profit, then it cannot afford to pay its employees, and therefore there will be a low rate of employment. Low employment will mean that people will not be able to afford to buy a lot of goods, and so Tesco may become extinct.
Interest rates are set by the Bank of England’s Monetary Policy Committee monthly in the UK. The MPC decides whether interest rates should go up, go down or stay the same, their decision is based on ‘the objective is to keep aggregate demand as far as possible in line with the productive capacity of the …show more content…
Good examples could be food retailers such as Tesco, Morrison and ASDA. Consumers have plentiful choice in where to shop for their groceries with each retailer offering various incentives and loyalty rewards to shop with them.
Using Tesco as an example many things affect how they supply to the demand. Seasonal affects such as Christmas, Easter, Summer, Winter, Back to School etc, all change the way products are marketed and also when they marketed. No sooner have schools broken for summer holidays, when the big food stores are advertising back to school, and Christmas items appear on shelves in September. Recession brings out more ‘Own Brand’ items which due to increased costs in living drive consumers to buy.
For the final point in section three I will look into how Tesco reacted to the last recession. In the teeth of the biggest recession since records began, Tesco has just unveiled record profits – again. The 4,300-store grocer, which now operates in 14 countries, delivered a 10% increase in profits to £3.4bn and was declared “stronger than it was before the recession". But, it would have been a shock if the business, now the world 's third biggest retailer, had not produced another leap in