Describe how political, legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders.
In all the business in the country like Britain, they have to have this in mind that there are changes that are taking place in the business environment and to the people who maybe the shareholders.
These changes can be the political, legal, and the social factors with the business environment and the country.
Political factors of Tesco as a retail and a large business in Britain. Political factors are the decisions that are made by the politicians who have got all the powers to run the country and control over people and their business. The political factors have got three different …show more content…
This is the type of tax that is paid by the business on the imports and the exports of the goods and services. The imports of Tesco as a business will be the goods that are not made and no produced by them. The exports will be the goods that Tesco will be made by the business themselves and they are living the out of the business to other country or to other business that not produce them.
The government will have more powers to increase taxes on some of the goods that are sold by the business like cigarettes these are harmful things to human beings. They can because of diseases to people like lung cancer so the government will be fighting against the production of cigarettes by increasing the taxes on it so that people’s health can be better for them.
The government can also make an increase of taxes on the fuel that is being used by cars and machines. The reason of this can be that many fuel oils are making smelly gases causing pollution and that can be bad effect to the people lives.
Tesco has all both affects of people’s lives the cigarettes and fuel oil selling and so if the government is making tax increase on them the business will see taxes as high cost that takes and uses a lot of its profit from what they had planned for as business shareholders.
Government provides direct support to specific