Abstract – Contemporary Business Environment of TESCO

Economic environment involves all the issues which have an economic influence on business. Business need to understand economic and non-economic environment those influence business as per contemporary business environment of Tesco. Economic environment is quite complex issues it involves the economic system, economic policies, economic structure and organisation must be consider this factor in their business otherwise they cannot maximize their profit.  Non-economic environment consists of natural, cultural, political and legal environment it also has a huge impact on business success. Therefore, Contemporary Business Environment of TESCO should be evaluated. For multinational grocery store foreign currency, inflation, tariffs, international laws, all the aforementioned factors heavily affects the business activities. To successfully run any …