What are the economic factors affecting tesco

Organization approach for Strategic Marketing in Tesco Sample Introduction of Organizational Strategic Marketing To achieve continuous growth achieve success every organization tries to fulfill the needs and demands of their customers and for this there is a need to implement appropriate marketing practice.

What are the economic factors affecting tesco

What are the economic factors affecting tesco

Friday, 13 April PESTLE analysis of Tesco Political factors - Now Tesco is operating business in 14 courtiers all over the world, so its performance may be influenced by the local legislative and political conditions. Employment laws specified by local government must be followed in order to avoid legal hurdles.

Jun 29,  · Economic and governmental factors often overlap in areas such as corporate taxation, import and export laws, and inflation, which can decrease consumer purchasing power. The Role of Social Factors. Economic Factors One of the major economic factors that could and is already affecting Starbucks is the global economic recession. This has badly affected the price and the sales of Starbucks items. Economic factors like the Demand, Price, Cost and profits affect the profitability of the Tesco (Rajan, ). The recession has increased the insecurity in the organization. Tesco is facing the problems in maintaining the low cost and also in operations because of these economic factors.

Most of the governments encourage the organizations to provide employment for local candidates so that local people can be benefited more.

All kinds of jobs like low-paid, highly flexible, more skilled, highly-paid and local based jobs are available in stores like Tesco. Tesco employed different categories of people like students, elderly workers and disabled people for low labor rates.

Tesco followed the employment legislation and other laws properly in every country where it has stores. Economical Factors - Demand for a product in market, price of the product and profits of an organization depends on the economic factors like interest, inflation rates and local unemployment levels.

Organizations cannot have control on these economic factors, but it can show adverse effect on organization performance.

Exceptions to the Rule

Tesco is still completely depending on UK market even though it has stores in different countries, which mean if UK market collapsed or affected by any economic factors, Tesco will be in greater amount of risks.

Social Factors- Demographic changes and change in customer behaviors, attitudes are the important social factors which can show effect on business. As Tesco is into food business it has to examine the customers constantly, because today every customer is choosing healthy and tasty food items.

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Tesco understood the recent social changes and included non-food items in their sales list, thus it attracted more number of customers in the market. Technological factors- Importing new technologies into business can be an advantage for organization as well as customer.

In Tesco, using of advanced technologies improved customer satisfaction.

What are the economic factors affecting tesco

Technologies used in most of the Tesco stores are:Economic factors like the Demand, Price, Cost and profits affect the profitability of the Tesco (Rajan, ). The recession has increased the insecurity in the organization. Tesco is facing the problems in maintaining the low cost and also in operations because of these economic factors.

For each of these external factors, that means for the macro-economic factors as well as for the cross-cultural dimensions and for the integration process itself, quite a deep research has already been done by many researchers and results are available.

Tesco revenues can be also affected by a set of external economic factors such as the overall macroeconomic situation in the UK, monetary and fiscal policies introduced by the government, rate of inflation, availability of credit and others Tesco PLC Report contains the full discussion of Tesco PESTEL analysis.

Political Factors. Economic factors. Social factors. Technological factors. These are the threats that may affect TESCO in the foreseeable future. High energy costs. Based on the above factors TESCO adopts its four pronged strategy to keep its position as the most significant player in .

The four external environmental factors are economic factors, sociological factors, technological factors, and political and professional factors. The six internal factors are organizational purpose, mission, and philosophy, organizational planning, organizational operations, human resources, technological resources, and financial resources.

Macroeconomic influences are broad economic factors that either directly or indirectly affect the entire economy and all of its participants, including your business. These factors include such.

Analysis of Social Factors Affecting Tesco Essay – Free Papers and Essays Examples