Tuesday, May 19, 2020

Patient Protection And Affordable Care Act - 1365 Words

As the nation moves in the direction of practical application of the Patient Protection and Affordable Care Act, understanding the capability of change will require tremendous uplift of the American human services conveyance. Keeping that in mind, the new law looks to reinforce the country s essential care establishment through upgraded repayment rates for suppliers and the utilization of imaginative conveyance models, for example, persistent focused medical homes. Evidences recommend that these methodologies can return considerable advantages to both patients and suppliers by expanding access to essential care administrations, decreasing regulatory limitations and loads, and encouraging coordination over the continuum of care (Davis,†¦show more content†¦It is proposed to address three primary zones: access to medical coverage, social insurance costs, and the conveyance of care. Certain components of the law got to be distinctly dynamic not too long after its entry in 2010, yet most arrangements produced results in 2014. 2010 In this year, for those retiring between the ages of 55 and 65, ACA provided funding to the employers. For small businesses, having less than 25 employees, tax credits are provided by the federal government to cover a part of the contribution. A new Patient’s bill of Rights has been established. Coverage to children under 19 with pre-existing health conditions cannot be denied by the insurance companies. Parents’ insurance covers for the young adults until 26 (French, 2016). 2011 For 5 years, a 10% bonus payment has been provided from Medicare to the PCP’s (French, 2016). 2012 A new annual fee has been imposed on the pharmaceutical marketing sector to create a value based purchase program for the Medicare (French, 2016). 2013 An initial enrollment program has been initiated for individual health insurance marketplace. To test the models for reimbursement, Bundled Payments for Care Initiative have been created. Medicare Reimbursement rates have been enhanced for the primary care services provided by the PCP’s. 2.3% excise tax has been imposed on any taxable medical device (French, 2016). 2014 Based on the pre-existing conditions, pricesShow MoreRelatedThe Patient Protection And Affordable Care Act1057 Words   |  5 PagesMaureen Omondi Patrick Gilbert Govt 2305 5 February 2015 The Patient Protection and Affordable Care Act The Patient Protection and Affordable care Act also known as Affordable Care Act, Obama Care and ACA is an act signed into law by the current president of the United States, Barack Obama in March 23, 2010. Beginning in 2014, any failure to purchase minimum coverage will result in a person being fined. Also included in the Act are individual mandate requirements, expanding public programs, healthRead MoreThe Patient Protection And Affordable Care Act1272 Words   |  6 PagesThe Patient Protection and Affordable Care Act In this paper I plan to discuss an increasingly difficult topic of The Patient Protection and Affordable Care Act. I will go over the basics of the act including who founded it, when, what it states as well as what its purpose is. I will also discuss the nine titles of the Affordable Care Act. I will then go over how four of the nine titles have affected how nurses provide care. I will finalize my paper by reflecting upon what I have learned from theRead MoreThe Patient Protection And Affordable Care Act Essay1418 Words   |  6 PagesUnderserved Communities: PPACA Tashia Lee Health/Public Policy (HLTH225-1604A-01) Abstract The Patient Protection and Affordable Care Act was designed to expand insurance coverage for all of those that are uninsured. Also the Act was put into place to reduce the cost of health care. The morbidity and mortality rates in the United States have decreased since the Act was in place in 2010. The Act is also helping the goals of Healthy People 2020 that was implemented, but there is still more improvementsRead MoreThe Patient Protection And Affordable Care Act858 Words   |  4 PagesComprehensive Health Reform: The Patient Protection and Affordable Care act Ken Davis February 13, 2016 PADM 550 –BO2- LUO Dr. Tory Weaver Defining the Problem The Patient Protection and Affordable Care Act of 2010 (PPACA)is a highly complex and multifaceted policy in addition to being political controversial. Changes made to the law by subsequent legislation, focuses on provisions to expand coverage, control health care costs, and improve health care delivery system. Some changes requireRead MorePatient Protection And Affordable Care Act1104 Words   |  5 PagesPatient Protection and Affordable Care Act Patient Protection and Affordable Care Act (PPACA) What the Act Offers The Patient Protection and Affordable Care Act offers many healthcare benefits to a diverse group of American citizens. However, there are a few downsides as well. The major portions of the act deal with four primary issues: 1. Increasing the health care coverage of patients with pre-existing conditions 2. Expanding access to health care insurance to over 30 million uninsured AmericansRead MoreThe Patient Protection And Affordable Care Act1710 Words   |  7 PagesThe Patient Protection and Affordable Care Act is a highly controversial act of the United States government commonly referred to as ObamaCare. Designed to â€Å"ensure that all Americans have access to quality, affordable health care,† (Patient Protection) this bill has received a large amount of opposition for a variety of reasons, but it is also widely supported, therefore garnering it attention from interest groups. Many interest groups, including religious organizations, attempt to change laws andRead MorePatient Protection And Affordable Care Act1259 Words   |  6 Pages Maxcine Bakhshizad Mr. Todd Mod â€Å"H† Patient Protection Affordable Care Act Everest University What Is Affordable and What Isn’t? The healthcare industry in America has definitely changed over the last few decades. Our federal government has tried to mold and shape our country into a place where healthcare can be affordable for all families, not just the wealthy and those below the poverty line. The Patient Protection and Affordable Care Act was created to bring about changes andRead MorePatient Protection with the Affordable Care Act1516 Words   |  6 PagesThe Patient Protection and Affordable Care Act (PPACA) commonly called the Affordable Care Act (ACA) or ObamaCare is a federal statute of the United States signed by President Barack Obama on March 23rd, 2010. As the name suggests, the new health care law is made up of the Affordable Health care for America Act and the Patient Protection Act. It also includes amendment to other laws like Food, Drug and Cosmetic Act. The main purpose of this complex legislation is to provide Americans with affordableRead MoreThe Patient Protection And Affordable Care Act16 36 Words   |  7 PagesIntroduction Julie Pham and Serena Ellison University of Mississippi Introduction The Patient Protection and Affordable Care Act (PPACA) frequently known as â€Å"The Affordable Care Act† (ACA) or â€Å"Obamacare,† is the United States decree authorized into law by President Barack Obama on March 23, 2010 (Group, 2014). The principle of the Affordable Care Act was to strengthen the quality and affordability of health insurance and decrease the uninsured tariffs by magnifying public and private insuranceRead MoreThe Patient Protection And Affordable Care Act756 Words   |  4 PagesProblem Statement It has been almost six years since the Patient Protection and Affordable Care Act (PPACA) was enacted. Before the ObamaCare Act many people living in the United States didn’t have health insurance. The Patient Protection and Affordable Care Act include a long list of health-related provisions. Additionally, it supposed to extend coverage health insurance to many uninsured Americans (Obamacare, Web). Not all new government programs are perfect and the PPACA is no exception. Even

Sunday, May 17, 2020

Apple s Vision Apple Inc. - 935 Words

Introduction Apple Inc. is an American multinational corporation headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, online services, and personal computers. It was established on Apr 1, 1976 by Steve Jobs, Steve Wozniak and Ronald Wayne. Its best-known hardware products are the Mac line of computers, the iPod media player, the iPhone smartphone, and the iPad tablet computer. Its online services include iCloud, iTunes Store, and App Store. Apple s consumer software includes the OS X and iOS operating systems. Its products are sold in more than 120 countries in which India, China, US and European countries like Germany, Italy, France, Spain etc are major user of Apple’s†¦show more content†¦Business Strategy Company’s has always been a goal of providing the best user experience through technological advancement and innovation in various product segment like computer, OS, iPad, iPhone, Music store etc. As a part of strategy, company is providing a single platform - itunes stores to provide third party’s digital content and application. Through iTune store, customer can easily download music, apps or books directly on their Mac Book or iPhone. Company also support a community to develop third party software, hardware and digital contents that are offered in the complement of Apple’s products and services. Company’s strategy involves expansion of retail and online stores and third party distribution network to reach more customers. Apple is highly committed to research and development and it is always being a part of its business strategy. Form 10-k Key points of Corporate Governance Apple is committed to do business ethically, honestly and in full compliance with laws and regulation. While dealing with third party for business Apple has always put zero tolerance approach against corruption. It encourages a creative, culturally diverse and supportive work environment for its employees. It doesn’t tolerate any harassment or discrimination based on factors such as race, gender, religion, color, marital status, identity characteristics or expression. Apple gives the highest value of any invention of

Wednesday, May 6, 2020

The Self Regulation Must Be Added By Laws - 1421 Words

In my estimation I think that the self-regulation need to be added by laws, because it is built on a pure-market model to preserve consumer privacy, consumer confidence, and raise business’ owner revenues. However, it is uncertain whether the competitive market model, utilized as an argument in favor of industry self-regulation, is applicable, due to the fact that, some consumers lack of basic understanding of Internet privacy. I don’t think it benefit for businesses to protect their privacy, if consumers do not understand the basics of online data collection and privacy. If they cannot make the difference, they will not definitely prefer a site with a stated privacy policy to another site. There are many problems with this system. First,†¦show more content†¦The European Union consider data privacy as a basic right that is best preserve by legislation and federal policing. The United States, in contrast, relies largely on a self-regulatory approach to effectiv e data privacy and protection. The provisions of the European Union law require businesses to accumulate individual data only for clearly stated purposes and prohibit data revelation to third parties unless consumers agree to give permission to do so. European consumers have the authority to sue companies that don t follow the practices of these regulations. What is your general assessment of cookie and spyware technologies? Should there be some legal limits on how these technologies are used? There are some tiny data files that are being put on your hard drive by Web sites when you visit them called cookies. Basically cookies are not bad. Cookies have been used to store login information about a user in order to perform authentication, to identify you as a distinctive visitor by identifying your Web browser software, to track a user’s behavior. When your go back to the Web site that has keep in reserve a cookie, it will try to find your computer for those cookies, and they will know what you were doing in the past. This way the site can customize its contents depending on previous activities. In theory, a cookie only transmits information back to the Web site that put it there and can’t be accessed by other parties. But some Internet advertising companies had

The Counterculture Of The 1960s From The Anti...

Several factors contributed to the counterculture of the 1960s from the anti-authoritarian engagements of preceding decades. The post-World War II ‘baby boom’ produced an extraordinary number of disaffected young people as potential partakers in a rethinking of the direction of American values. Post-war success permitted many of the counterculture generation to divert their attention from the benefaction of the material necessities of life that had preoccupied their Depression-era parents. People started to recognize that they could get what they want if they work hard enough for it, and if their voice is loud enough. The era was also distinguished in that a great portion of the range of conducts and ‘causes’ within the larger effort were quickly assimilated within the public. John Lennon, member of The Beatles and a model hippie, once said, â€Å"When it gets down to having to use violence, then you are playing the system’s game.† Ken Kesey w as a big believer is this notion and used his writings as a way to introduce people to this concept. Through the use of a 1950s mental ward, Ken Kesey’s One Flew over the Cuckoo’s Nest draws inspiration from both the philosophy of Beat culture and the personal life experiences of the author. The novel’s setting reveals not only the devastating effects of enduring hardships on patients’ mental states, but also symbolizes the suppression of individuality by the establishment. One Flew over the Cuckoo’s Nest illustrates the impactShow MoreRelatedOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pagesarrived, and there were several points both before the year 2000 (the collapse of the Soviet Union, the reunification of Germany, the surge of globalization from the mid-1990s) and afterward (9/11, or the global recession of 2008) when one could quite plausibly argue that a new era had begun. A compelling case can be made for viewing the decades of the global scramble for colonies after 1870 as a predictable culmination of the long nineteenth century, which was ushered in by the industrial and political

Central problem of an economy free essay sample

Economics is the branch of social science which studies the human wants and their satisfaction. Human wants are unlimited and resources to satisfy these wants are limited . The problem of allocating the scarce resources to satisfy the infinite wants is the central economic problem. In economics, the term ‘scarcity’ means that wants are greater than resources. The resources in an economy refers to the factors of production ie, land, labour, capital and organization. The producers have to decide how factors of production shall be employed and the consumers have to decide which of their wants are to be satisfied. Thus scarcity and choice are the central problems of an economy. Basic Economic Problems or Decisions Since there is the problem of scarcity of productive resources in every economy, it has to take certain basic decisions regarding the production and distribution of goods and services in the economy. These decision making process is otherwise called as the Basic economic problems of an economy . We will write a custom essay sample on Central problem of an economy or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page The basic economic problems faced by any country are the following. 1. What to Produce? What to produce refers to what goods and services and in how much quantities are to be produced by the economy. The millions of people living in a country require many goods and services. But due to the scarcity of resources, the economy is not capable of producing all these goods and services. Increase in the production of one commodity will limits the production of other commodities. 2. How to Produce? How to produce refers to the method/technique of production. Techniques /methods/choice of production There are mainly two methods used in production; a) Labour intensive method and b) Capital intensive method. 10Method of production in which more labour and less capital are used is called Labour Intensive method Method of production in which more capital and less labour are used is called Capital Intensive method . Labour intensive method is suitable for developing countries and capital intensive method is suitable for developed countries. E. g. ; Cloth can be produced on hand looms or power looms. If hand looms are used, relatively more labour and less capital is employed. In the case of power looms, more capital and less labor is required. 3. For whom to Produce? For whom to produce refers how the total output is divided among consumers. Since goods and services produced are limited, all wants of the people cannot be satisfied by a country. 4. How to achieve Economic Growth? The attainment of rapid economic growth is another basic economic problem. Economic growth refers to an increase in the real per capita income of a country. Rapid economic growth can be attained by fuller utilization of the available resources. Economic growth of an economy can be represented by an outward shift in the Production Possibility Curve.

Managerial Economics Resit Final Assignment

Questions: 1: The Tesco PLC Annual Report and Financial Statements 2013 states:Our Core Purpose needs to reflect how much society has changed in recent years this profound shift in society must be reflected in the way we think and behave as a business. Briefly outline the key societal changes that have caused Tesco Plc to change its core purpose and critically evaluate the impact, if any, that these changes have had on the way Tesco conducts its business.2: Assess the attractiveness of the UK retail industry and Tescos current competitive position.3: What strategies would you like to recommend to the Board of Tesco Plc in order to improve their profitability and image with the public. Answers: 1. Jack Cohen was the founder of Tesco and from the first day he of sale it gains a profit of 1 against the sales of 4 respectively. Tesco is operating in more than fourteen countries of the world and is a largest grocery retailer of the world. Besides retailing the food products, Tesco also sell some non-food products in the market, like electronic items, household goods, clothing, toiletries etc. However, focusing on the non-food items rather than food items is the most significant strategies of Tesco. In 2013, the restructuring of the core purpose of Tesco has taken place due to some societal changes(Analysisreport.morningstar.com, 2015). There are various societal changes at present, for which the Tesco Plc has to change its core purpose of business. The societal change includes the change in demographic pattern, lifestyle trends, the buying pattern of the consumers, the attitudes and opinions of the customers etc(Aras and Crowther, 2012). Demographic changes: - Increase in population, increase in aged population and woman workers and decline in house preparation of meal means leads to a change in the core purpose of Tesco. The incident of increase in young professionals and the increase in migration of Eastern Europeans results a change in buying patterns of the consumer or a change in consumers opinion towards the product. Therefore, there is a change in demand pattern of goods and services of Tesco. Therefore, with the change in social structure, there is a need for readymade food or ready to cook foods and also a need for the quick cooking instruments such as microwaves. As a result, the quantity of non-food items, which are available for sale, should be increased by Tesco, as the retailers are concentrating on the benefit product and services(Barnes, 2011). Change in consumers demand and preferences:- In current trends, the clients especially the clients from South-East Asian countries, such as Malaysia, Koria prefer volumetric and one stop shopping and this is connected with various social changes. As the type of the consumers demand of goods and services depends on the social conditionality and their subsequent belief and installation, national retailers try to find new customers. On the question of health care, the consumers become more and more informed and as a result, there is complete change in their attitude to meal constantly. Technological Changes:- In present world, a large portion of the consumers is technological oriented. Especially the young generation customer group prefer to buy the product by using the online service. Social media have a great impact on the choice of decision making of customers. As a result, now-a-days the core purpose of Tesco is to concentrate on the internet retailing. Through internet, retailing Tesco can capture a large portion of targeted consumers(Barnes, 2011). Impact of Societal Changes:- The core purpose of Tesco is to take the marketing strategy according to the changes in the society. The change in society generally reflected in the way the businessperson are thinking and behave. To earn the trust and the loyalty from all the stakeholders, the Tesco should always adopt the right marketing strategy. The new core purpose of Tesco is - We make what matters better together. According to the new strategy of Tesco, it tries to understand the customers and provide the goods and services according to their needs. However, this change in core purpose of Tesco required huge expenses. Hence, there is a need for Tesco Plc to lower the expenses of business and to lower the expenses; Tesco Plc should improve its business operation, supply chain management system and the labour share of the business mix (BBC News, 2015). 2. The Attractiveness of U.K. Retail Industry:- The U.K. market earn a large benefit from the retail sector, which is extremely competitive and innovative and during the recent economic difficulties, it has proved resilient. The retail sector of U.K. includes the excellent international companies, innovative independents and stable high street anchors. However, with the rapid change in consumers need and behaviour, many retailers are struggling to survive in the competitive market. In every location of U.K., retailers operate as the bridge between consumers and producers. This has a great impact on demand and supply operation of the market. Hence, for manufacturers, it treated as a valuable route to market. The economy may widen and the consumers confidence may increase due to an increase in sale in retail market. The retail sector of U.K. has a great significant in its economy, as it provides food and non-food goods, services, and employment opportunities (Clement, 2011). There was a great proportion of increase in retail sector industry in U.K. economy in the year of 2007. However, after 2007, with the declining trend in U.K. economy, there was a quick decrease in the retail sector market. Compared to 2008, there was a fall of 9.3% in the retail sector economy in the second quarter of the year 2009, which leads to a fall in output by 5.8% at that period. From the year 2010, with the beginning of the recovery phase in the U.K. economy, there was a quick increase in retail support. Since the first quarter of 2013, there was a growth in the retail sector over 5% in every quarter comparing to the previous period. As a result the whole economy grew by 2.5% in every single quarter compared to the previous period(Dudovskiy, 2014). In 2014, the retail industry contributed 180 billion to UK economic output, which is 11% of total GDP of U.K. Around 34 billion was spend by the consumers in U.K. in retail sector, in March 2015. For each pound, spend in the retail sector, in food stores 42p was spent, for non-food store 41p was spent and 11p spent on the automotive fuel. In other types of retailers, like mail order catalogues and market stores, the rest of one pound was spent. There are a number of pressures in the U.K. economy due to the reduction in consumer spending for the recent economic downturn and the changes in the shopping habit of the consumers. These pressures also include the current recession, online retailing, growth, and evaluation of super markets. As a result, there is a declining trend in the key statistics of U.K. market, which include the business statistics, the volume and the value of the sales, the employment and the proportion of internet sale etc (DzÃÅ' wigoÅ‚, 2015). The retail sector of U.K. contributes 69% of business, 60% of economic output and 71% of employment. There are two types of stores in the retail sector of U.K. market. One is the specialized stores and the other is the non-specialized stores. Tesco is a type of non-specialized store, which sell a variety of products. Though the non-specialised stores make up only 20% of retail business in U.K., 51% retail turnover can be accounted from this. These non-specialised stores generate 47% of the employment in retail sector(Jackson, 2008). The retail sales of U.K. also depends the business cycle of U.K. market. During the inflationary period U.K., market faces a higher sale in retail sector, whereas in deflationary period, it faces relatively lower retail sales (Khachidze, 2012). From January 2007 to January 2013, the value of internet sales of U.K. retail sector, which act as a proportion of total retail sales increase from 2.7% to 11.1%. . There was an increase in average weekly internet sales of 8.1 billion pound in December 2013. The current competitive position of Tesco:- One of the worlds leading international retailers is Tesco. Though the principle activity of the retailer is food retailing, at present, it also concentrates on the supply of non-food products. Being a most selling retailing firm of U.K. market, Tesco hold a leadership position in the U.K. market. Tesco is a most powerful retail global brand and ranked in top 100 brands of the world. Though eBay is placed slightly below Tesco and Ikea is a more popular brand than Tesco, Tesco is undoubtedly treated as a giant retailer of a wide range of products in the world market. Throughout the whole world, Tesco has 6,784 stores. Despite the disposal of their US venture, Fresh and Easy, there is an increase in 433 stores of Tesco since 2012. To expand its business further, Tesco has utilised the innovative business methods, which include the creation of stores like Tesco Express and Tesco Metro. These are the small stores, which help the customers to make most convenient shopping. Online shopping , local recruitment, joint venture etc. are the other competitive strength of Tesco to operate in the global market (Kumar, 2005). Tesco can buy the products in bulk because of its large size and facilities. As a result, the company can easily decline its price level. As this lower price is attractive to the consumers, Tesco can easily compete with other giant retailer in the U.K. market, like Asda or Sainsbucry. Moreover, Tesco has created the logical package like Club card, to create long-term relationship with the customers (UKEssays, 2015). In the fiscal year 2014-15, Tesco has reported the trading profit of 1.4 billion pound. To expand by growing internationally, to follow the customers in new retail services, to be as strong in non-food as in strong and to maintain the core in the UK business are the four key parts on which the long term growth strategy is based on. To increase choice for their customers, Tesco continuously innovate and investigate in new lines. To provide a healthy life to its customers Tesco provide various fresh food products to its customers. Another significant factor of growth is of Tesco is to understand its customers (Markedbyteachers.com, 2015). Conclusion:- Since 1994, Tesco began to expand internationally and its international operations accounted for around a quarter of sales at the end of the year 2006. In the coming period, the business activity of Tesco may be affected by the business strategy in U.K. market. There is a problem of diversification of the company, which leads to the business out of control. Despite of its various limitations the Tesco will easily exist in next ten years. However, there will be a slowdown in the growth process of Tesco Plc. With the saturation of domestic market of U.K., to maintain their position, the famous supermarket chain of U.K. such as Tesco, will look to the overseas market. This will lead to an increase in competition in the world market, where Tesco has to compete with the other giant retailers like French MNC Carrefour, U.S. retailer Wal-Mart etc. 3. The Recommended Strategy for the improvement of profitability goodwill of Tesco PLC:- Each business organization wants to expand both locally globally. They need this to do because of market saturation in the existing market in which they are currently operating. All the firms have to face high competition when they are trying to expand themselves by entering into the new market. The degree of competition depends on the nature of the market and the political, environmental factors of the country in which they want to set down their new operation process. Therefore, the business organizations have to formulate and implement different effective strategy so that they can win in this rat-race and make a strong position in the new market. Every business firm has to analyzed thoroughly the external environment of the country and also the nature of the market in which it wants to enter .Also it has to identify the no. of rivals , the product or the service quality prevails in that market in that time. Therefore, it is very important for a business firm to formulate effectiv e strategy when it is extending to some market irrespective of the geographical position (PLC, 2015). Current Business Scenario of Tesco Currently Tesco is operating throughout the world with its headquarter situated in United Kingdom. Tesco is a UK based company, which currently has their outlets in USA, Asia Europe. It is basically a retail company but it also provides banking, online shopping (e-commerce) and insurance service (UKEssays, 2015). Vision of Tesco PLS The main goal of Tesco PLs is to mark a significant impact on its customers to whom they provide service .Another important objective of this retail firm is to blow up its profitability through the adoption of innovative modern technology in the operation and hiring skilled labor. This firm is very much dedicated to provide good quality product to its customer (prezi.com, 2015). Corporate Strategy The principle corporate strategy of Tesco PLC is to increase its share value through modernization innovation. The main focus of the corporate strategy is customers satisfaction (Ray, 2012). The main principles of the corporate strategy should be To strengthen its business in UK To continue the business across the world successfully To serve its customer in the best possible way To expand globally locally To create new brand to increase profitability External Analysis External Analysis is necessary before the formulation of new strategy. The PEST analysis is discussed below: Political Factors U.K is politically stable country. Therefore, no political issues can make any hindrance in the expansion of TESCO. Another favorable point for TESCO is it gets adequate supports from the U.K govt. to expand its operation. TESCO also helps the U.K citizen by offering job opportunities. TESCO has large employment strength in the retail sector (Rogers, Ghauri and George, 2005). Technological Factors TESCO always emphasizes on the technological changes in the production process. This change helps the company in the expansion also in the growth of the TESCO. This technological improvement is beneficiary both for the company and for customers. The modern technology also ensures that TESCO will deliver high quality goods to its customer and also in less time than previous. Economical Factors Economic factors in an economy are very important for the business operation of a firm. At present, the unemployment rate is continuously increasing in U.K because of recession. The increase in employment rate leads to the decrease in the buying power of the U.K residents. Therefore, it can be expected that due to this slowdown, the total sale amount of TESCO may be negatively affected by this recession (Sadgrove, 2015). Environmental Factors The technology used in the TESCO is very much eco-friendly. Therefore, this company does not affect the environment adversely. Tesco is treated as socially responsible company in the U.K as it focuses an important attention to the corporate social responsibility practice. Social Cultural Factors Social Culture factors of the U.K economy also play a significant role in the business of TESCO. Generally the GEN Y section of the U.K population is very much shopaholic. They prefers to go to the TESCO shop because of it offers trendy goods to its customers. Suggested Strategy Currently the market share of TESCO in the U.K market is 13%. One of the pitfall of TESCO is that it is very much U.K dependent. Therefore, if there happens any adverse situation in U.K, then it will immediately affect the operations of TESCO. The present position of TESCO in the U.K market is very strong. It earns high profit and also able to collect high amount of investment from different investors. This indicates that organization has high potential to successfully expand its business (Wharton, 2015). For its future expansion and development Tesco should focus on some factors .Theses are as follows- 1) It should target to the customers from the entire income group. 2) It should try to fulfill the customers requirement with the lowest possible time using innovative technology. 3) It should expand its supply chain network to the areas where its outlet is not available at present. 4) Though initially it sells only the food product but due to change in consumers preference, it should increase its product range to retain its old market position (Thomson and Creevy, 2013). References Analysisreport.morningstar.com, (2015).TSCO : Tesco PLC Analyst Report | Analyst Report. [online] Available at: https://analysisreport.morningstar.com/stock/research?t=TSCOregion=gbrculture=en-USproductcode=MLE [Accessed 11 Jul. 2015]. Aras, G. and Crowther, D. (2012).Business strategy and sustainability. Bingley, U.K.: Emerald. Barnes, R. (2011). The great Tesco beauty gamble (the Tesco supermarket chainÂ’s marketing strategy for breaking into the UK beauty services market).Strategic Direction, 27(7). BBC News, (2015).Tesco turns stale as competitors freshen up ideas - BBC News. [online] Available at: https://www.bbc.com/news/business-29310445 [Accessed 11 Jul. 2015]. Clement, M. (2011). Rage against the market: Bristol's Tesco riot.Race Class, 53(3), pp.81-90. Dudovskiy, J. (2014).Tesco SWOT Analysis - Research Methodology. [online] Research-methodology.net. Available at: https://research-methodology.net/tesco-swot-analysis/ [Accessed 11 Jul. 2015]. DzÃÅ' wigoÅ‚, H. (2015).Business management. Oxford, U.K.: Alpha Science International Ltd. Jackson, S. (2008). Making growth make sense for retail and franchise businesses.Journal of Business Strategy, 29(3), pp.48-50. Khachidze, V. (2012).Contemporary research on E-business technology and strategy. Berlin: Springer. Kumar, N. (2005). The Global Retail Challenge.Business Strategy Review, 16(1), pp.5-13. Markedbyteachers.com, (2015).Tesco's business strategy and current market position - A-Level Business Studies - Marked by Teachers.com. [online] Available at: https://www.markedbyteachers.com/as-and-a-level/business-studies/tesco-s-business-strategy-and-current-market-position.html [Accessed 11 Jul. 2015]. PLC, S. (2015).Strategic Management on Tesco PLC. [online] Academia.edu. Available at: https://www.academia.edu/6616602/Strategic_Management_on_Tesco_PLC [Accessed 11 Jul. 2015]. prezi.com, (2015).Tesco - Competitor Advantage. [online] Available at: https://prezi.com/2jzbq2165bly/tesco-competitor-advantage/ [Accessed 11 Jul. 2015]. Ray, A. (2012).Peace is everybody's business. New Delhi: SAGE Publications. Rogers, H., Ghauri, P. and George, K. (2005). The Impact of Market Orientation on the Internationalization of Retailing Firms: Tesco in Eastern Europe.The International Review of Retail, Distribution and Consumer Research, 15(1), pp.53-74. Sadgrove, K. (2015).The Complete Guide to Business Risk Management. Farnham: Ashgate Publishing Ltd. Thomson, R. and Creevy, J. (2013).Analysis: Tesco and Sainsbury's quests for success. [online] Retail-week.com. Available at: https://www.retail-week.com/sectors/food/analysis-tesco-and-sainsburys-quests-for-success/5053761.article [Accessed 11 Jul. 2015]. UKEssays, (2015).Tesco SWOT Analysis - September 2015. [online] Available at: https://www.ukessays.com/essays/retail/tesco-swot-analysis.php [Accessed 11 Jul. 2015]. UKEssays, (2015).The operations and competitive advantage of Tesco. [online] Available at: https://www.ukessays.com/essays/marketing/the-operations-and-competitive-advantage-of-tesco-marketing-essay.php [Accessed 11 Jul. 2015]. Wharton, A. (2015).VCE Business Management. Cambridge: Cambridge University Press.