100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
D2: Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation. £8.39
Add to cart
Quickly navigate to
Preview
  2.  
  3. PEARSON (PEARSON)
  4.  
  5. Business 2010 QCF
  6.  
  7. Unit 1 - The Business Environment

Essay

D2: Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation.
 0 purchase

Unit 1 - The Business Environment (D2) Evaluate how future changes in economic political, legal and social factors, may impact on the strategy of a specified organisation. (D2)

Preview 1 out of 2  pages

Document information

  • June 14, 2022
  • 2
  • 2019/2020
  • Essay
  • Unknown
  • A+

Subjects

Written for

All documents for this subject (129)

Seller

avatar-seller
businessassignments4u

Reviews received

Content preview

Evaluate how future changes in economic political, legal and social factors,
may impact on the strategy of a specified organisation. (D2)


Sainsbury’s
Legal influence – Laws are continuously being updated in a wide range of areas. Examples are:
consumer protection legislation, environmental legislation, health and safety and employment law.
Sainsbury’s need to be aware of it and be ready for these changes, rather than rushing when there is
no time. Sainsbury’s need to be aware of the children and young customer’s law 2007 which says,
businesses can’t sell alcohol and tobacco to young customers that are under 18. They also have to
display a sign that say under 19 can’t buy tobacco products. So, if these products are served to under
18s, then Sainsbury’s can be fined. This unawareness of laws can force Sainsbury’s overheads to
increase which can eat up Sainsbury’s profits. In order to avoid these fines Sainsbury’s has to be
aware of new laws and should keep up to date every time. They can also arrange meetings and extra
training for employees to make sure they are aware of every new law being introduced. Now for
example in the future the law was to change and a new law was introduced that over 16s can buy
tobacco. The positive is that Sainsbury’s can sell their tobacco to more customers and receive more
profit. However, Sainsbury’s need to arrange meeting and training for employee to make sure they
understand what new laws say. So, it may cost Sainsbury’s which is a negative side. Next if there is
change in minimum wage rate (current minimum wage £6.15 – 18 to 20) it will raise Sainsbury’s
expenses which may eat up their profits. As such there is no advantage to Sainsbury’s due to
increase in minimum wage rate; however, employees may work with full potential and provide
better service as their pay is increased. From my point of view Sainsbury’s still can control their
expenses by reducing their workers. Most of the businesses like Sainsbury’s reduce their workers
when they expect that there will be rise in minimum wage rate.

Economic influence – UK economy goes through difference series of pattern with booms and
slumps, every business does well in the time period of boom and most businesses collapse in the
time period of slump or recession. Other economy changes that have influence on Sainsbury’s are
interest rates, wage rate and inflation rate. Recent UK economy hasn’t really grown due to the
financial crisis and high inflation which impacted on demand for goods and services in the UK.
Inflation as of October 2019 is 1.9%. The UK wants to aim for more than 2%. This will have a positive
effect on Sainsbury’s because they will be able to provide cheaper products. In this way Sainsbury’s
sales will boost up. However, Sainsbury’s rival may be able to provide products cheaper than
Sainsbury’s, which will increase the competition between Sainsbury’s and its rivals. Other negativity
is that inflation may rise again due to demand pull inflation. I will recommend that Sainsbury’s buy
goods and services in bulk when there is low inflation then Sainsbury’s can sell goods with high profit
margin. The GDP of the UK fell 0.2 in the second quarter of 2019 compared to the previous quarter.
This rate is 8 -tenths of one percent less than in the previous quarter, when changed 0.6%. This is
likely to have a negative effect on Sainsbury’s because people are less likely to buy expensive
products and services in this time period. It is predicted that in 2020 it could go down 0.1%. This
means it could get worse for Sainsbury’s. Prices of products will carry on increasing bit by bit which
means consumers want to spend less money. I will suggest Sainsbury’s to take full advantage of the
stable GDP by expanding the business, opening newer stores, and increasing the variety of products.

Social influence - Social influence relates to change in society and social structure. Change in
structure of the population, lifestyle and fashion affects business sales and productions. When the

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller businessassignments4u. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.39. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

64302 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(0)

Essentials of Financial Management 4th Asia-Pacific Edition By Brigham, Joel Houston, Jun-Ming Hsu, Yoon Kee Kong, Bany-Ariffin (Test Bank)

Exam (elaborations) ·

(0)

WALDEN UNIVERSITY NRNP6645 PSYCHOTHERAPY WITH MULTIPLE MODALITIES MIDTERM EXAM 2 DIFFERENT VERSIONS QS AND ANSWERS 2024-2025 GRADED A+

Exam (elaborations) ·

(0)

Nutritional Foundations and Clinical Applications A Nursing Approach 8th Edition by Michele Grodner Sylvia EscottStump Suzanne Dorner

Exam (elaborations) ·

(0)

Exam 2: PNR208 / PNR 208 (Latest 2024 / 2025 Update) Concepts of Community-Based Nursing | Questions and Verified Answers | 100% Correct | Grade A - Fortis

Exam (elaborations) ·

(0)

Test Bank for Essentials of Nursing Leadership & Management 7th Edition 2024 latest revised update Sally A. Weiss Ruth M. Tappen.pdf

Exam (elaborations) ·

(0)

Comprehensive Test Bank for Becker's World of the Cell, 10th Edition by Hardin, 9780135259498, Encompassing Chapters 1 to 26 | Rationals Provided

Exam (elaborations) ·

(5)

Philosophies and Theories for Advanced Nursing Practice Janie B. Butts and Karen L. Rich Test Bank TESTBANKSELLER.COM TESTBANKSELLER.

Exam (elaborations) ·

(0)

ATI RN Nutrition Exam (6 New Latest Versions, 2021) /ATI RN Proctored Nutrition Exam, Already high rated document, 100% Verified & Correct.

Exam (elaborations) ·

(0)

NSG 6005 FINAL EXAM/NSG 6005 FINAL EXAM AND STUDY GUIDE LATEST 2023-2024 ALL 100 QUESTIONS AND CORRECT ANSWERS | AGRADE (VERIFIED ANSWERS )
£8.39
  • (0)
Add to cart
Added