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Tesco and microeconomic factors
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Political Factors Affecting Tesco
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Recommended: Tesco and microeconomic factors
Political Factors
There are a variety of political factors affecting Tesco such as employment legislations. This means that the government urges retailers such as Tesco to provide a varied number of job opportunities. These opportunities includes job flexibility, lower paid jobs, higher paid job for those who are highly skilled and locally and centrally based jobs.
The national minimum wage is also a factor that affects Tesco. If the national minimum wage increases, Tesco will need to increase employee salaries and this will affect their revenue and profit.
Economic Factors
The economic factors are likely to affect demand, prices, costs and profit and this is a main concern for Tesco. Unemployment is the most influential on the demand. This
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