• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Tescos News Report - do they care about their suppliers?

Extracts from this document...

Introduction

´╗┐Newspaper Report Tesco PLC Tesco Plc. ? they say they listen and care, but do they? Suppliers Does Tesco really care about their suppliers? For this topic, we do have some mixed comments. Recently we had multiple complaints from suppliers across the UK complaining about the way Tesco treats its suppliers and whether it cares about them or not. We?ve heard the phrase again and again ?we use our scales for good? this phrase used to convince people that they use their size for good causes, to help others but how is realistically true is that? One of the many farms across the UK dealing with Tesco for more than five years now as their supplier complained that the company used fact that they are biggest food retailer in the UK to threaten them in a deal Now this tells me that Tesco has not kept the promise but instead used it for the wrong reason, as an advantage for them to get what they really want and forgetting about the supplier Pig farmers protest at Tesco annual meeting A source of complaint online explained that out of 200 variety of apples In the UK, Tesco only stocks 7. ...read more.

Middle

Customers Is Tesco maintaining a sustainable relationship with its customers? Tesco has always been promoting their relationship with the customers and we?re all aware of the promising Tesco offers popping up on social media, through TV adverts and newspapers. This seems like the absolute method that a business company like Tesco would use to get more customers A till receipt is printed out at the checkout counter at a Tesco supermarket in London, UK They say they listen and care about the customers, but yet they are the ones loosing share to competitors like Aldi. Why is this? Outraged customers recently complained in an online article saying that Tesco did abuse of the trust they put in them and that they care more about the transactional relationship. As a customer, there are many unpleasant things that Tesco has done which has seen their customers reducing and leaving them for their competitors. We witnessed the horse meat scandal which rocked the country for example. ...read more.

Conclusion

They have overstated their profit which has seen their share prices wiped off by 8.3%, this fell from 2.10 to just 19 pence in just days. This type of troubles is obviously going to have some negative effect on their shareholders. Due that problem, the worth of their shares has seriously decreased and they have lost a lot of shareholders. It will take them a really long time to rebuild the trust and the loyalty of their shareholders Tesco's share price in the last year, pictured, has been dropping and the company has issued three profit warnings in as many months On the whole, I think that Tesco used to care about its customers but recent prices and quality of products suggests that they are changing their ways which makes me think that they may be abusing the trust of customer. As for the suppliers, the answer is still divided. Some say Tesco does care or listen to them but others disagree with that. Finally the shareholders have been lied to and it doesn?t look like Tesco cares about them either ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level Case Studies and Analysis section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level Case Studies and Analysis essays

  1. Marked by a teacher

    Aims of tesco

    5 star(s)

    world The store manager, Paul explained to me that he has a set budget to spend. He explained the need for budgeting this money as it has to last the whole year and if now properly budgeted could cause huge problems and potentially affect Tesco's profits.

  2. Marked by a teacher

    Business information and communication at Tescos.

    3 star(s)

    as a business, it is important for them to secure their business information so that others won't use their names or personal information for illegal causes. Tesco can keep their business secure by following a lot of procedures; these are Tesco using passwords and a certain type of user name

  1. (P4) Describe the Functional Activities and the Independencies of Tesco Plc and Coleraine Borough ...

    television, bill boarding etc. If possible where and how can we obtain free publicity? * Place - Should we sell directly to our consumers or through retailing? How can we use the internet to our advantage when selling our products?

  2. PEST is a planning tool which is used by a business to evaluate and ...

    Ginsters are already a well known business for up to dating their machinery as they where one of the first manufacturing businesses to use a new automated machine to pack and create their products. This could also affect Ginsters as if the overall demand for Ginsters products increases they may

  1. Examples of stakeholders at Tescos

    If Tesco is not making a profit then shareholders will sell their shares and invest in a business making a lot of profit. The Tesco shares would decrease in value so people may not invest thinking that the company could go bankrupt.

  2. Business plan. The business that I am going to produce is a personalised logo ...

    However a got strategy would be to increase some prices whilst decreasing others, customers may be in need of more than one product one of which may be placed at a higher price than the other, which will then balance out the prices not putting the customers off.

  1. D1 Analyse how developments in the consumer market have impacted on Tescos

    With a car, customers can go wherever they want to obtain the food they fancy no matter how far it is. Also having a car enables the shoppers/consumers to buy more food and products since they have more space in their cars.

  2. D1: Analyse how developments in the consumer market have impacted on Tescos.

    to reduce the distance driven by their trucks by 400,000 kilometres each week. How Customer expectations and demand in the consumer market impacted Tesco Consumer expectation generally refers to the needs and wants. Consumers may also have high expectations for new products that have been given a lot of exposure.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work