rastaurant. The purpose of an external audit is to develope a finite list of opportunities that could benefit a firm and threats that should be adoided. (Business Policy & Strategy‚ 2010). External Forces also known as General Environment of a country can be separated into five divisions: 1. Economic forces 2. Social‚ cultural‚ demographic‚ and environmental forces 3. Political‚ legal‚ governmental forces 4. Technological forces 5. Competitive forces ECONOMIC FORCES Similarly to all other industries
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The external factors that affect consumer choices can drastically affect the company’s performance. Therefore‚ marketers should take into account all those factors by tailoring and monitoring the possible changes that may affect the profit and their sustainability in the respective industries. Although‚ there are also internal factors that contribute in consumer choices; nevertheless‚ we will mainly focus on the external factors which is basically the external environment that can affect consumers
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8 January 2013 DEBENHAMS PLC INTERIM MANAGEMENT STATEMENT Debenhams plc‚ the leading international‚ multi-channel brand‚ today announces its interim management statement covering the 18 weeks to 5 January 2013. Highlights • • • Good sales momentum: 18 weeks LFL sales up 2.9% Highest ever December sales: five weeks to 5 January LFL sales up 5.0% Online sales ahead of expectations: 18 weeks up 39.0% Michael Sharp‚ Chief Executive of Debenhams‚ said: “I am pleased with our performance
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Gross Profit Margin Gross profit margin is useful to assess Debenhams’ financial health by revealing the proportion of money left over from revenues after accounting for the cost of goods sold; therefore‚ it is considered to be one of best economic tools for measuring and analyzing the data of Debenhams PLC. Comparing the GPM in 2014 with in 2013‚ it decreased 1.05% from 13.13% (2013) to 12.08% (2014). Although the total revenue increased £30.5 million‚ gross profit decreased £20.3 million. There
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Colonialism and Globalization 11-6-2009 The Driving Force of Nationalism: Economics Many regard nationalism as a primarily European phenomenon that was introduced to the rest of the world later (Chattarjee 1993). Benedict Anderson defines a nation as‚ “an imagined political community… both inherently limited and sovereign‚” (1991). Nations are chiefly the result of economic forces‚ rather than cultural and religious biases. According to James C. Scott‚ a political science professor at
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Outside forces that alter economic conditions and social and political structure influence a community’s receptivity to external ideas and change. This receptivity in turn may welcome external agents that can direct the transformation of that community. This essay compares how outside forces such as the Great Depression created environments that were conducive to change and how that change came about. It will also compare external agents like the Student Nonviolent Coordinating Committee (SNCC)
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Journalist‚ Researcher‚ and Writer BusinessEducationHealthHistoryMisc.SportsAbout Economic Globalization: An unstoppable force Written on July 1‚ 2011 Source: Angus Maddison‚ Oxford University Press‚ 2007 Economic globalization has been occurring since the Hellenistic Age (323 BC) but it is since the industrial revolution‚ particularly from the mid 1800s‚ that trade between countries has had a notable increase. Today‚ however‚ there appears to be a parabolic rise due to the advent of
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an organizational environment (Wikipedia‚ 2004). A company’s work environment is created and produced by the groups or the individual people who work within it. Employees often find themselves conforming to their ever changing environment. The economics of the world has a significant influence on both the modern business and the organizational behavior of that business. For any company to be successful‚ it is crucial to understand the elements that can affect the economy
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THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA. BY ABUBAKAR SADIQ SALEH Department of Banking and Finance‚ University of Abuja abubakar008@yahoo.co.uk ABSTRACT Debt is borrowing that is either for the purpose of smoothening the consumption path in the face of transitory shocks or as a means of supplementing domestic savings in order to expand productive capacity and raise the long – run growth rate. The objective of this work
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Debenhams is the UK’s leading department store with a turnover in excess of £2bn‚ over 140 department stores in the UK‚ a further 40 franchised stores around the world‚ and a significant online presence. The original Debenhams store‚ founded in 1913‚ was based in London‚ and is still used by the company for its press and communications activities. Acquisitions of Harvey Nichols and Browns stores followed and the company listed on the stock market in 1928. Debenhams continued to expand rapidly in
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