AN ANALYSIS OF HOW BREXIT WILL AFFECT TESCO PLC
Table of Contents
TOC h u z Introduction PAGEREF _Toc512560503 h 2Literature review PAGEREF _Toc512560504 h 5Methodology PAGEREF _Toc512560505 h 9References PAGEREF _Toc512560506 h 16Appendices PAGEREF _Toc512560507 h 18Appendix 1 PAGEREF _Toc512560508 h 18Appendix 2 PAGEREF _Toc512560509 h 19Appendix 3 PAGEREF _Toc512560510 h 20
IntroductionBritain is the first country to exit the EU, a union it has been a member since 1973 and since article 50 which allows any member country to withdraw from the Union at its pleasure was introduced. Brexit is regarded as the most extreme fall back the European Union has ever encountered since its creation. This is due to the complex nature that Brexit possesses (Wilkinson & Midgley 2017, 1). As such, to many, it came as a shock when Britain exited. The UK will no longer enjoy access to EU’s single market once it exits the Union. This will ultimately affect Tesco PLC regarding; trade regulations, taxations, currency change, and interest rates. With this regard, considering that the retailer company plays a crucial role in the UK economy, there will be a significant shift in terms of resources and capital. As such, this will consequentially see the fall of UK from its place on the map as the world’s financial center (Cumming & Zahra 2016, 6).
The core target of this research (which happens to be the problem statement) is to determine the effect Brexit has on Tesco PLC and how such effects can be controlled in the near future. The reason for selecting such a company is because of the growing concern that Brexit possesses to the society and as such even big corporations like Tesco PLC are no exception to the storm that’s coming. Additionally, the reason for using a UK based corporation is because UK will be instantly cut out of EU’s global market. Hence, the UK is the immediate subject to the implications of Brexit....
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