.

Terrorism
Terrorism has in one form or another been a part of society throughout history. Since
the September 11, 2001 attacks in New York, the world community has been more
focused on terrorism than ever before in most recent modern history. Terrorism has
impacted multiple levels of society across the world community. One of those levels
is the business environment. A specific aim of terrorism is to disrupt and destroy
ongoing businesses. Therefore, the ability of governments to disrupt and destroy
terrorism is essential to the continued growth and expansion of the world economy.
Political: it is the main spectrums that are currently affecting all the countries of the
world which may lead to higher numbers of unemployment. Tesco is one of the
largest and fastest growing retailers so that jobs will be available with TESCO.

Economic: one of the Tescos competitive advantage in the market are competition
with other retailers that give the people qualified product at a lower price and
protecting customers and ensuring that entrepreneurs have the chance to compete
in the market financial system are important within consumer law.

Social: social environment of Tesco consider lifestyle trends, consumer buying

patterns, demographics consumer attitudes and opinions etc. Tesco change the
buying pattern of the community and give them opportunity to choose exact
products from their shops.

Technological: Technological factors had the most impact on TESCO that has been
the growth in the use of the internet. TESCO have created a 100 million
Sustainable Technology Fund for reducing carbon that is committed to the nature of
their business.( UK Essays, 2003-2012)
Outsourcing
Economists are almost unanimous: Outsourcing is a good business strategy. It
improves efficiency, cuts costs, speeds up product development, and allows
companies to focus on their core competencies. And for the most part, they are
right. Outsourcing has helped American companies deal with the destructive forces
of globalization; that is, the intensification of competition and the price and profit
erosion associated with it. For some companies, outsourcing has made the
difference between staying in business and going out of business. But, as with every

other business strategy, outsourcing has its own limitations and unintended
consequences that if not addressed, can turn it into a bad business strategy.
Trade agreements
Trade agreements have a major impact on trade and investment worldwide. In fact,
they are responsible for shaping business relationships among companies across
the globe. In order to succeed in the international environment, small business
exporters need to be aware of the impact trade agreements have had and will have
on their businesses. Likewise, lenders must be familiar with trade agreements in
order to better understand the needs and financial concerns of their customers.

Because of the modern production techniques, advanced transnational corporations and better
transportation system International trade has flourished in the recent years. Through the
international trade system, any company like Tesco PLC can operate in other countries with no
or little barriers ((Heizer and Render, 2003).
So, international trade is very significant for the Tesco as Tesco PLC UK has already become
global operating in different countries especially in the EU countries where the company can
freely operate the business activities with no barriers. If there were no International trade in the
UK then the economics of scale of Tesco will be useless and the company could not make more
revenues. On the other hand, because of the international trade Tesco PLC can outsource some of
its business activities and operations in other countries to reduce the cost and increase the quality.
So, a company will always be benefited under the international trade that has been emphasized
by David Ricardo in his competitive advantage theory that one country will be benefited by
specification while other country will be benefited in reducing the cost (Galloway, et al., 2000).