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Unit 39 P1 International Business

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Introduction: In this task I have been asked to explain the international business environment in which a selected organisation operates. The selected business I have chosen is Tesco.

What is international business?
International business is a term used to describe any business transaction between two or more regions or countries. Many businesses operate internationally to attract more custom and expand their organisations to increase the income the business is taking. International business can include importing and exporting of products, sales, investments and many more. International business is essential not only to give businesses more opportunities but also to boost the economy. Below is a list of some of the organisations that operate internationally: * MacDonald’s * Nike * Addidas * Apple * Samsung * Nokia

About Tesco

Tesco was founded in 1919 by Jack Cohen from a market stall in London’s East End. Over the years the business has continued to expand and grow and Tesco now operates in 12 countries around the world, employ over 530,000 people and serve tens of millions of customers every week. They have always been committed to providing the best shopping experience. Today Tesco continues to focus on doing the right thing for their customers, colleagues and the communities they serve. Tesco is Britain’s leading supermarket and is also very popular internationally. Its closest competitor is Sainsbury’s but Tesco always manages to have the upper hand as they offer so much more products and services than all the other supermarkets i.e. Morrison’s, Asda, Co-operative etc.
How Tesco operated internationally?
Tesco operates internationally in 12 countries around the world including countries in Asia, North America and most commonly Europe. Its first store was

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