The Economic Impact Of Sainsbury s Entering Its Economy

2.12 The Economic Environment The economic segment looks at how an economy can operate and perform to benchmark growth levels. Nevertheless, it examines the economy climate and how organizations, consumers and even suppliers behave within it, (Learn Marketing, 2015). This will help identify the potential weaknesses and strength within the Australian economy, and how this may impact Sainsbury’s entering its economy. Type of Market Australia economy is theoretically a free market based, (Discover why, 2015 and Australian online, 2007). Thus it can be perceived as a mixed market in reality like the UK because of the government interventions found in any nation. (Refer to section 3.4 for further analysis on the impacts Sainsbury’s may attain from this). GDP of Australia Australia’s GDP rates stands at 1453.77(B) experiencing the weakest GDP growth since 2013. Although there was increase by 0.2 percent in the second quarter of 2015 the positive contributions from final consumption expenditures and investments failed to offset the decline in net exports. This led Australia to growth constraints mainly driven by a sharp fall in global prices of some export commodities. Comparatively, Australia were not affected by the global financial crisis and the banking system remained resilient rather. In addition, to Australia’s household spending rose by 0.5% and this helped in boosting growth and even accounting for 55.8% of its GDP, (World Bank, 2014 and BBC, 2015). This may imposeShow MoreRelatedThree Firms: Changes in Their Enviroment2522 Words   |  11 PagesThree Firms: Changes in Their Business Environment. | Business Economics | | Bienia, Patrycja | 3/12/2015 | Table of Contents 1. Introduction 2 2. European Telecoms: Going mobile Again- The Economist Dec 20th 2014 2 2.1. Ryanair Warns Plunging Oil Price Will Hurt Profits–The Guardian Feb 02nd 2015 3 2.2 Aldi and Lidl set to win holiday season again as shoppers shy away from Asda, Tesco, Morrison and Sainsburys- The Guardian Dec 16th 2014. 5 3. Conclusion 6 4. ReferencesRead MoreAssignment Sainsbury3791 Words   |  16 PagesINTRODUCTION OF SAINSBURY:- J Sainsbury plc (Sainsbury) is a retail chain based in the UK. Sainsbury is engaged in grocery retailing through its supermarkets and convenience stores principally in the UK. The company operates its business through three divisions, namely, Retailing, Financial Services and Property Investment. Sainsbury serves its customers through a chain of 537 supermarkets and 335 convenience stores under the brand Sainsburys, and financial services via Sainsburys Bank. Sainsbury offersRead MoreFinancial Performance Evaluation of Tesco.6729 Words   |  27 Pagespicture, so it is important to look at the qualitative aspect as well. Thus, this research will also look at the qualitative side of the story. In this report, the financial situation of Tesco Plc has been compared with one of its close competitor J Sainsbury Plc and looks at the last 3 years of both the companies. 1.2 REASON FOR CHOOSING THE TOPIC Tesco is currently market leader in the field of supermarket retail industry with group profit of  £2803 million for the year ending 2008 and with maximumRead MoreMarks Spencer1929 Words   |  8 Pagesand internal factors affect the strategies of MS and modifies its business strategies. Even though MS has good strategy and marketing plans they haven’t used it to their advantage. It also tells how the macro and micro environment affect their strategy and their plan. The report uses frame works like PESTEL, SWOT and porter 5 forces. It further investigates the strengths, weaknesses, opportunities and threats of MS. This report highlights on MS planning, organising, and taking decisions. It furtherRead MoreGlobal Strategy : Analysis Pr Course School2376 Words   |  10 Pages________________________________________ Coursework is receipted on the understanding that it is the student s own work and that it has not, in whole or part, been presented elsewhere for assessment. Where material has been used from other sources it has been properly acknowledged in accordance with the University s Regulations regarding Cheating and Plagiarism. ________________________________________ 000859243 Tutor s comments Grade Awarded___________Read MoreAn Evaluation Analysis of Tesco Plc7760 Words   |  32 Pagescountries 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. This gives Tesco a competitive edge over its competitors like ASDA, Sainsbury and Morrison in UK. (Source: http://en.wikipedia.org/wiki/Tesco) It was Jack Cohen who founded Tesco in 1919 when he began to sell surplus groceries from a stall in east end of London. His turnover, on very first day, was  £4 which guaranteed himRead MoreThe Environment of Modern Business1797 Words   |  8 Pagesactivities and objectives in common, namely political, economic, legal, technological, and social environment of business. We can use these PEST(LE) factors, mainly in political, economic, legal, technological factors to examine how the government helps or hinders the development of a successful business environment. The political environment is one of the major effective factors in the external business environment, which has a tremendous impact on the business organisation. Governments frequentlyRead MoreTesco Analysis9055 Words   |  37 Pagesbe plagiarism free, will exactly match your specifications and quality standard, and will be delivered – by your deadline – via email. Strategic Management of TESCO supermarket: PESTLE analysis, Porter s 5 Forces analysis, Critical success factors, SWOT Analysis, VALUE CHAIN analysis, TESCO S strategic options, Core Competences Cultural Web. An updated version of this sample is available here. |[pic] | Read MoreEssay on Customer Service9174 Words   |  37 Pages 1) An investigation has taken place into the customer service practices of Sainsbury Supermarket, the investigation will show the following, 2)  · It will identify and describe the different types of customers and their needs,  · It will identify and analyse the skills required in customer service.  · How has sainsbury incorporated consumer protection into its customer service policy.  · It will also describe how theRead MoreStrategic Objectives Of The United Kingdom1984 Words   |  8 Pagesbrand value : Fresh Value Service Main Body Outline for Task 1 (Analyse their operational performance for the last three financial years) The answer of this question is based on the subject global economics. It would be relevant to have a look into the variable and fixed cost when entering a new market. Fixed Costs Capital: The Capitals could be the investments which are applied to reposition the product on the market by, for instance improving or making more efficient advertising or buying