Introduction:

Tesco PLC is a British multinational grocery and general merchandise retailer headquartered in Chesnutt, United Kingdom. It is the third-largest retailer in the world measured by revenues (after Wal-Mart and Carrefour) and the secondlargest measured by profits (after Wal-Mart). It has stores in 14 countries across Asia, Europe and North America and is the grocery market leader in the UK (where it has a market share of around 30%), Malaysia, the Republic of Ireland and Thailand. The company was founded in 1919 by Jack Cohen as a group of market stalls. The Tesco name first appeared in 1924, after Cohen purchased a shipment of tea from T. E. Stockwell and combined those initials with the first two letters of his surname, and the first Tesco store opened in 1929 in Burnt Oak, Middlesex. His business expanded rapidly, and by 1939 he had over 100 Tesco stores across the country. 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. The 1990s saw Tesco reposition itself, from its perception as a down market "pile 'em high, sell 'em cheap" retailer, to one which appeals across a wide social group, from its Tesco Value to its Tesco Finest ranges. This was successful, and saw the chain grow from 500 stores in the mid-1990s to 2,500 stores fifteen years later. History:

1919 Jack Cohen founded Tesco, when he began to sell surplus groceries from a stall in the East End of sell surplus groceries from a stall in the East End of London. His first days profit was $2 and sales $8.London. His first days profit was $2 and sales $8. 1979 Annual sales reach 1 billion.1979 Annual sales reach 1 billion. 1982 - Annual sales exceed 2 billion.1982 - Annual sales exceed 2 billion. 1995 Tesco becomes the market-leading food retailer.1995 Tesco becomes the market-leading food retailer. 2000 Tesco.com is launched.2000 Tesco.com is launched. 2001 Tesco announces a new strategic relationship2001 Tesco announces a new strategic relationship with American supermarket Safeway Inc, to take the Tesco.com home shopping model to the US. 2002 Tesco launches its exclusive clothing brandCherokee into many of its UK stores 2004 - Tesco.com becomes first major British2004 - Tesco.com becomes first major British supermarket to enter music download market. supermarket to enter music download market. 2005 Tesco announces annual profits of 2 billion. 2005 Tesco announces annual profits of 2 billion.

Different types of business:

Groceries Clothing Entertainment and Books Club Card Electronics Furniture Petrol and Software Financial Services: Telecoms and internet services, music downloads. Mobile apps

Meeting its objectives:

1. To maximize sales 2. To grow and maintain the number one retail company in the U.K. 3. Tesco wants to outshine their competitors and remain the market leader 4. The main aim of Tesco is to maximize profit 5. To provide goods/services that is cheap and affordable to consumers or the public. Tesco want to be able to keep their carbon emissions down by making new buildings, they also want to make their business objects which have to follow this method Specific - this means that the business can make some specific objectives that the business wants to achieve, so if they want to hit a certain target of profit within a year they have to make a business plan or model to follow to achieve their goal. Measurable - this means that if a business wants to make some money, they can measure it in a certain amount of time, so if a business can make 1000 pound in a month, then maybe next month they could forecast making an increase of that amount by studying the business activities throughout that month. Achievable - this means that a goal that the business can achieve with in a time period, so if a business wants to make 1000 pound of profit in a month, then they could make it happen with the products that they might have to sell.

Realistic - this means that a business has to make realistic goals which that they can achieve, so things like making 1,500 pounds in a week, this is a realistic goal because it could be made depending on the sales in the that week. Time related - this means that each objective is set with in certain time, so it is like a dead line, if a business sets out to make and sell 5 computers in two weeks, then they now have time to create the product and then sell it within the time set.

Fiscal policies and Monetary policies:

The fiscal policies have tremendous effects on individual behavior and everyday decisions made by households as well as businesses. A change tax schedules has direct effect in cost of production and the bottom-line for corporations or net income for individuals. One of fiscal policy component is taxation. An increase in taxes results in reduced net income. Organizations look into profitability factors and value of labor force in comparison to return on investment for use of technology or outsourcing tasks otherwise performed internally or domestically. Conversely, individuals may perceive an increase in tax as a form of punishment, which can lead to promotion of more black market labor (cash labor). Of course, a decrease in taxes may lead to further domestic hiring and lesser black market labor. Interest rate is another component of the fiscal policy. Adjusting the interest rate can have adverse or favorable impact on production. To clarify, adverse in monetary policy is not negative connotation, and favorable is not a positive suggestion. In the monetary policy when market is collapsing too fast the government may want to have an adverse result to bring the market under control.

Business and Culture Environment:

In terms of day-to-day life at Tesco, the retail environment is fast-paced and working hours often reflect this. Tesco operates a range of stores and supply chain depots, and many of these are open 24 hours a day. As a result, candidates applying to store management or distribution centre roles are asked to confirm that they are happy to work shifts, which may involve evening and weekend work. At the busiest times of year, such as Christmas, staff from the head office is expected to work in store to prevent stock issues. Flexibility and mobility Tesco expects it graduates to be fully mobile within the UK. Certain roles also require placements outside of the UK finance graduates spend the final year of their training in Bangalore, for example.

Significance of international trade to UK business organizations: There are many things that are important about international trade, economic integration and global markets. Without international trade, businesses wouldn't be as profitable and economies would suffer. Broadens Horizons and Markets If a company based in the UK was to only sell and trade their products domestically, never marketing or pushing their product to consumers in other countries, the country would completely limit its potential. They may always gain a steady trade from UK consumers, but they wouldn't be able to grow as much as if the company traded with eight other countries, for example. This is why international trade is so important for companies and the economy - it increases traffic, customer figures and sales.

Production Costs

By trading in other countries, the company also opens itself up to lower production costs. For example, a TV manufacturer in Australia may discover that its product could be created for substantially less in a factory in Greece. This not only saves the company money, but it helps the consumer as the TV can be sold for less. Furthermore, Greece's economy is helped thanks to the TV company paying the factory to create its product.

Materials If it wasn't for other countries, we wouldn't be able to get our hands on many of the materials we need to make products we use every day - especially in the food industry. Colder countries, such as the UK, rely on hotter countries for fruits such as bananas and mangoes, and those hotter countries rely on places such as the UK for such items as potatoes. Without international trade or economic integration of food trade, all countries would have a very scarce choice. The buying and selling of goods and services across national borders is known as international trade. International trade is the backbone of our modern, commercial world, as producers in various nations try to profit from an expanded market, rather than be limited to selling within their own borders. There are many reasons that trade across national borders occurs, including lower production costs in one region versus another, specialized industries. One of the most controversial components of international trade today is the lower production costs of developing nations. There is currently a great deal of concern over jobs being taken away from the United States, member countries of the European Union and other developed nations as countries such as China, Korea, India, Indonesia and others produce goods and services at much lower costs. Both the United States and the European Union have imposed severe restrictions on imports from Asian nations to try to stem this tide.