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/
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/
