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Unit 1 Assignment 2 Business level 3
- Module
- Unit 1 Exploring Business
- Institution
- PEARSON (PEARSON)
Unit 1 Assignment 2: Exploring a business
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P4,P5,P6Unit 1 Assignment 2
Unit 1: Exploring Business
The effects of an environment on a
business.
, P4,P5,P6
I'll be discussing the implications of the environment on a business in this project.
I've chosen to research Asda, a grocery chain with headquarters in Leeds that
operates in more than 63 countries around the world. Asda was established in the
United Kingdom. Noel Stockdale and J.W. Hindell, the founders of Asda, founded the
company on the 19th of February 1949 in Leeds.
P4: Discuss the internal, external and competitive
environment on a given side of organisation.
The effects of an external environment.
External factors are situations that a business cannot control and that the
stakeholders of a business make deductions from. These situations will always have
an impact on the success of a business, whether positive or negative. The
abbreviation PESTLE makes it easier to remember the various sorts of external
factors.
- Political: new tax measures, trade restrictions, and tariffs
- Economic: interest rates, the economy, and inflation rates
- Social: language, age distribution, and educational attainment
- Technological: R&D, engineering
- Legal: health and safety, new consumer regulations
- Environment: waste reduction, recycling, environmental protection
Political:
Economic:
Economic factors have a great concern to Asda as these influence their,
employment, profits, and their overall pricing.
Economic factors hardly control the company and have unpleasing effects, despite
this, Asda is predicted to grow more bigger as the years come in the UK
supermarket industry and any downfalls will affect the business.
It is clear that Asda is growing importantly, thus leading to a increasing rate of
unemployment due to the economic collapse. In result of this, many people are
working for minimum wages and have low access to disposable income, this is why
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