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Unit 38 - Business and the Economic Environment D1

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  • Unit 38 - Business and the Economic Environment
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  • PEARSON (PEARSON)

Unit 38 - Business and the Economic Environment D1 level 3 business extended diploma

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Document information

  • June 13, 2018
  • 4
  • 2017/2018
  • Essay
  • Unknown
  • Distinction

Subjects

  • unit 38 business and the economic environment d1
  • level 3 business extended diploma

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  • BTEC
  • PEARSON (PEARSON)
  • Business 2010 QCF
  • Unit 38 - Business and the Economic Environment
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Unit: 38
Task: D1

Unit 38: business and the economic environment

In this assignment I will be evaluating the impact of changes in the economic
environment on a selected business. For the purpose of this task I have chosen to use
Tesco as my selected business.

Tesco PLC is a multinational grocery and general merchandise retailer headquartered in
Cheshunt, Hertfordshire, England, and United Kingdom. It has stores in 12 countries.
Originally a UK-focused grocery retailer, since the early 1990s Tesco has increasingly
diversified geographically and into areas such as the retailing of books, clothing,
electronics, furniture, petrol and software; financial services; telecoms and internet
services; DVD rental; and music downloads. Tesco operates a "good, better & best"
policy for its products, encompassing several product categories such as food, beverage,
home, clothing, Tesco Mobile and financial services. These are some of the products and
services Tesco’s offers:

 Tesco Everyday Value
 Tesco Basics.
 Tesco Brand Tesco Finest Healthy Organic Tesco Kids Best Of British Fresh &
Easy World Foods Tesco Wholefoods
 Tesco Bakery
 Free From
 Tesco Christmas
 Clothing at Tesco
 Technika
 Tesco Mobile

Source: http://en.wikipedia.org/wiki/Tesco

What is government?
The government produces a set of policies that is uses and develops to influence the UK
economy. These are divided into nine key areas and each of these influences the way
that businesses operate. The current government in the UK is a coalition government. It
is composed of member of both conservative and liberal democrats’ party.

Source: Btec business book 2 Level 3

Policies made by the government and how they can affect Tesco

Economic policy

Advantages of economic policy

 Raise standard of living because there's an increase in goods and services being
produced/

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