Contemporary Business Environment of Sainsbury

Abstract

Contemporary Business Environment is vastly related with Natural environment, cultural environment, political environment and economic environment. Economic environment means the economic conditions, different economic policies and economic system. Non-economic environment includes countries socio cultural economy, natural environment, and cultural, political, legal, technological and demographic environment. In that case, Economic policies are the part and parcel to adjust the economic situation of any country. The monetary policy of the country deals with money supply and fiscal policy helps to adjust the spending of the government relating with the government revenue from tax and vat taken from the people of a nation. Inflation rate, Foreign Currency, Taxation and International trades have great impact on economic system.  …