Unit 37 Understanding Business Ethics

Unit 37 - Understanding Business Ethics
Introduction
For this assignment, the business I have chosen to talk about is Tesco’s. Tesco PLC is a British and Irish grocery and general merchandise retailer. The company is the third largest retailer in the world measured by profits yet it is the ninth-largest retailer in the world measured by revenues. It has stores in 12 countries across Asia and Europe and is the grocery market leader in the UK, with a market share of 28.4% approximately as the company today has over 3500 stores all of which help employee 310,000 people.

Tesco was founded in 1919, by a man called Jack Cohen, where it was originally a group of market stalls. However, in 1929 the first Tesco store opened though since the early

This strategic move was made as the company wanted to appeal to many different social groups. This strategic move in my opinion has helped Tesco’s to become the largest retailer in the UK as these two mentioned food brands are amongst the largest.

P2 – Describe what is meant by a business operating ethically. Identify the stakeholders of a chosen business and describe briefly the possible effects on these stakeholders of this business behaving ethically.

What is Business

that it is to be said if an animal or animal produce is free ranged it is meant to taste better. However, another reason could be that some accusations of animal cruelty could arise as some of the general public may believe the conditions an animal is made to live is cruel and unsanitary.
Health problems 1. In the UK, there are many laws and regulations that Tesco’s must adhere too to ensure that they do not get fined. One of these laws being that stores can stock and sell alcohol and tobacco as long as the tobacco is not on show and that the consumer must be over the age of 18 to buy both alcohol and cigarettes. This can be seen as an ethical problem as these products have been proven to be associated with having life-changing health concerns such as cancer, alcohol poisoning or COPD. These health issues are often exaggerated by the products gruesome packaging as it indicated to the consumer what can happen to their lungs if they smoke to much. Tesco’s have a policy in place where they ID a consumer if they look under the age of 21 as well as conducting random ID check on