Describe the social implications of business ethics facing Marks and Spencer in its different areas of activity. Ethics must be global‚ not local. In order to build a truly great global business the leaders need to bring forward a global standard of ethical practices. The only way to build a great global company is with a single global standard of business practices‚ vigorously communicated and rigorously enforced. Companies must layout the same business standards in Chicago‚ Paris‚ and Shanghai
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realized or realizable‚ when it is earned) Revenue Recognition at point of sale: (1) Sales with Discounts (2) Sales with Right of Return: Three alternative revenue recognition methods‚ and recognize revenue only if all of six condition (3) Sales with buybacks (4) Bill and Hold Sales: buyer is not yet ready to take delivery but does take title and accept billing. Revenue is reported at the time title passes if (a) the risks of ownership have passed; (b) the buyer makes a fixed commitment of purchase
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Business Aims / Objectives & Mission Statements A business aim is a long term goal. It is something a company is working towards to achieve the target within a certain time. To do this the business would need to use short term goals called objectives to achieve these. These objectives intend to be SMART. (Specific‚ measurable‚ achievable/agreed‚ realistic‚ time) An aim is where the business wants to go in the future‚ its goals. It is a statement of purpose‚ e.g. we want to grow the business into
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own admissions – Head Teacher and Governors can decide. Task B Complete question and table Complete answers to the following: Describe what each of the following do within a school. Role Responsibility School governors Governors serve for 4 years. They work with the Head Teacher to make decisions on how the school will operate. They have legal duties‚ powers and responsibilities. They have to work together and cannot act individually. They approve what is taught in school‚ they set
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Area 2 (p2) As a large Publicly-owned organisation‚ Bridgend College has a number of different types of stakeholders. To ensure that Bridgend College has to carefully manage these stakeholders. Customers (students)= with out students there would be no Bridgend college. Students are the customers of Bridgend College‚ the college depends upon the students and the success that they achieve both while at college and to a extent after they finish their education in order to keep the co college up
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P1- Sam Bayliss Tesco’s Tesco’s is a business that was set up in 1919 by a man called Jack Cohen. Tesco’s now employ 520‚035 people across 13 different countries which makes them one of the highest rates of employment. They recently launched their website in 1994 to extend their marketing and hopefully to increase sales. There values are to “work as a team‚ trust and respect each other and to support and say thank you”. The CEO at Tesco’s at the moment is Phillip Clarke and he is in charge of 6351
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NVQ in Business Administration Level 2; Unit 3: Work in a business environment Learning outcomes: 1.1 – 5.2 Unit 3: 1.1: Describe what is meant by diversity and why it should be valued. What is meant by diversity is that even if someone may be of the same species there will always be differences in their appearance‚ their personality‚ their beliefs and many other differences. The reason as to why it needs to be valued is because without any form of diversity then everything would
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patients. The influence that they hold to the business is that if it wasn’t for the patients there would be no NHS‚ and also if there were no patients or people getting ill or sick they would not have discovered any of the diseases that are around today‚ which means there wouldn’t be as much medication and antibiotics around as there are today. Customers for Cadburys are the ones that have kept them running and helped them make a profit in there business‚ by buying Cadburys chocolate confectionary
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Unit 3 P1 Describe how marketing techniques are used in the marketing of products in two organisations Product cycle Introduction The businesses and products I chose happened to be‚ Nike and their Mercurial football boots‚ and Sony and their PS3 gaming console. I chose these products because I think they are both reasonably diverse‚ and in their time‚ both these products have experienced a range of sections within the product life cycle. For example‚ due to Nike’s football boots having to be constantly
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A directive leadership style might be helpful for a manager within a business where their subordinate staff members have jobs that are not particularly specialized and so they need more guidance to avoid uncertainty. Margaret Thatcher Personlighet Straight forward – sometimes almost aggressive Great speaker Self confident
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