Assessment Task Business Report for QANTAS 1. Executive Summary: The main focus of this report is to identify the legal classification‚ the characteristics‚ the life cycle stage of Qantas and one internal and external stakeholder that is affected by the activates of Qantas. The legal classification describes that Qantas is a public company and has changed its legal classification in the growth and maturity stages of the business life cycle. The characteristics of Qantas talks about the company’s industrial
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competitors. This section will include Qantas’ aim and main goal‚ vision‚ mission‚ and values‚ and current actions. Aim and Main goal Qantas’ aim is to meet the highest standards of safety‚ service‚ citizenship‚ and environment responsibility. The CEO of Qantas‚ Allen Joice‚ states that Qantas Groups continually renews its fleet‚ creating low operating cost‚ fuel efficiency‚ and releasing new planes to improve passengers’ comfort. The goal of Qantas is to deliver great place to work‚ provide
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Bargaining power of suppliers: Medium The aircraft suppliers for Qantas are the only two largest aircraft manufacturers: Boeing and Airbus. Fuel will be supplied by companies like Shell and BP. For the IT sector‚ companies such as IBM and NCR handle the operations‚ automations and logistic systems. Hotels and catering service are also provided to the customers as well as crew members in different destination of its operations. Qantas need to maintain a fairly good communication with its suppliers
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A variety of depreciation methods are used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset. Your client has just purchased a piece of equipment for $100‚000. Explain the concept of depreciation. Which of the following depreciation methods would you recommend: straight-line depreciation‚ double declining balance method‚ or an alternative method? This concept is to "observe the service life of the equipment with a professional judgment and
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price‚ there will be a fall in the demand for Aussie goods (imports) in the overseas market and this will eventually hurt the exporters‚ as they will face a fall in sales. Let us now see what happens when Aussie $ depreciates‚ in this case depreciation will make Aussie $ relatively cheaper in the foreign exchange market i.e. people have to pay less of their home currency to buy Australian goods this makes Aussie goods (imports) being relatively cheap in the foreign market and will therefore result
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ACCTNG 3402 – Financial Accounting and Reporting II Assignment due February 13‚ 2013 Spring‚ 2013 Depreciation: Airplanes and Garbage Trucks Your answers to the questions below should be clear‚ well-written‚ free of grammar and spelling errors‚ double-spaced with margins of at least one inch on all sides‚ and word-processed. In preparing this assignment‚ you may discuss the issues with each other or with anyone else‚ but your written answers must be your own work. If you need to quote someone
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Accredited Tertiary Courses Listing 2013 Accredited Tertiary Courses Listing 2013 – as at 20 March 2013 1 2013 Accredited Undergraduate Courses AUSTRALIAN CAPITAL TERRITORY The Australian National University University of Canberra NEW SOUTH WALES Australian Catholic University Australian Institute of Higher Education Avondale College of Higher Education Charles Sturt University Kings Own Institute Macquarie University Southern Cross University Top Education Institute The University of
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Competition and Policies Influencing the Airline Industry Emerging Companies‚ Mergers‚ Globalization‚ Pricing‚ and Profits The airline industry is identified by defined levels of competition which is a result of new companies that will venture into the current market. The airline industry exists in an intensely competitive market (Investopedia‚ 2013). New entrants will increase the level of competition for the existing levels of consumers that the different kinds of airlines to share. A new
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Case Study on Qantas Airways Limited / Qantas Group (‘QIL’) The principal activities of the Qantas Group are the operation of international and domestic air transportation services‚ the provision of freight services and the operation of a Frequent Flyer loyalty program. Key Business Drivers 1. Brand value and dominant share in the domestic market. 2. Product and Service innovation. 3. Consistent high load factor. 4. Strong multi –brand strategy and service offering (i.e. Operating both
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List - 12 Introduction Qantas is the world’s second oldest airline‚ founded in the Queensland outback in 1920. The organisation has dominated the Australian aviation industry to now be the largest domestic and international airline‚ employing approximately 37‚500 people within 44 different countries becoming one of Australia’s strongest brands. This report will analyse the company through the three alternative perspectives creating a contemporary perception of how Qantas as an organisation may be
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