Aim and Objectives of Sainsbury’s AIM: Great food at fair prices Sainsbury’s main objectives are to provide food at a fair price for the customer so that they are satisfied and happy with what they bought from Sainsbury’s. Pleasing the customer is the main objective because‚ without any customers‚ Sainsbury’s will not sell there stock and go bankrupt as they won’t be making enough revenue to cover costs. In 2010 Sainsbury’s had a million more customer’s average a week then in 2009‚ 19 million
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reality. Likelihood is the probability that the threat will occur. Internal control is the policies‚ procedures‚ practices and organizational structure designed to provide reasonable assurance that business objective will be achieved or detected and corrected. Internal control objectives 1. Safeguard asset 2. Maintain records in sufficient detail to report company assets accurately and fairly. 3. Provide accurate and reliable information. 4. Prepare financial report in accordance with established
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acquisitions. TRUE Bloom ’s: Knowledge Difficulty: Easy Learning Objective: 1 2. Inflation is assumed to be a temporary problem that does not affect financial decisions. FALSE Bloom ’s: Understanding Difficulty: Easy Learning Objective: 1 3. Financial Capital is composed of long-term plant and equipment‚ as well as other tangible investments. FALSE Bloom ’s: Knowledge Difficulty: Easy Learning Objective: 1 4. Real Capital is composed of long-term plant and equipment. TRUE
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conception of The Companies Act 1948’ (Flint‚ 1982)‚ last amended in 1985. Although it’s been over 55 years of reporting entities preparing financial statements‚ the objective of these statements has always been a matter of discussion. The Accounting Standards Board (ASB) came up with a precise outline in 1999 which stated "The objective of financial statements is to provide information about the reporting entity’s financial performance and financial position that is useful to a wide range of users
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Objectives/Importance of co-operative society 1. Bringing economic welfare: A cooperative is not just formed to make profits; its objective is to ensure the economic welfare of its members. 2. Creating unity and solidarity: A cooperative is characterized by the strength of its unity. Therefore bringing the extorted and deprived together and encourage them work in unison is a goal of a cooperative society. 3. Awakening of working zeal: Cooperatives also helps to invoke confidence in the minds of
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protracted libel actions in aviation history’. (Quote from www.wikipedia.org) Objectives of British Airways Like all businesses one of their objectives were to maximise profits however after September 11th they had to change their aim to having an increase in security as this was the main issue globally and they needed to keep their customers safe after the horrific terrorism attacks in the U.S.A. Objective: To increase security to combat terrorism Specific – To increase security
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A majority of students prefer to take objective exams instead of subjective exams as they think that all the answers are there on the paper. However‚ the fact is that students often have a better opportunity of passing a subjective exam than an objective one. From my point of view‚ I agree that subjective exams are easier to pass. There are several reasons supporting my view. First and foremost‚ subjective exams provide students with more chance to demonstrate to the instructor what they understand
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practice a just economic system to achieve the objective of Shariah‚ as oppose to embracing economy as the object of the process. Three basic conception of economics which indirectly relate the conception to the objective of economics in Islam‚ firstly‚ Allah created body and soul for all creatures and particularly to mankind which are similarly important in the fulfillment of human biological life. The second concept is the oneness of God – Allah bearing objective. All the life and fulfilments are mainly
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Meaning of Financial Management Financial Management means planning‚ organizing‚ directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. It means applying general management principles to financial resources of the enterprise. Scope/Elements Investment decisions includes investment in fixed assets (called as capital budgeting). Investment in current assets are also a part of investment decisions called as working capital decisions.
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Title: Business Objectives Contents Introduction: 3 Findings 3 Conclusion 5 References: 6 Introduction: Does business type have an impact on the aims and objectives that a business may make? This report will reveal and compare the aims and objectives of two businesses in two separate business sectors; Morrison’s (well known Supermarket chain) from the private sector and Warwickshire College for the public sector. Will the aims and objectives of these two companies
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