no complex paperwork. The business and the owner are the same person in law. The sole trader does not have limited liability which means that they are responsible for all the debts of the business. The sole trader has to produce an annual accounting return for the Inland Revenue. 2. Partnerships are set up by a Deed of Partnership which is a document made out by the partners and witnessed by a solicitor. This Deed sets out the legal relationship between partners e.g. how profits will be shared out
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The Legal‚ Political/Trade Environment Chapter Objectives Structure Of The Chapter Laws‚ rules‚ and standards Issues The political environment The legal environment Terms of access Winds of change Chapter Summary Key Terms Review Questions Review Questions Answers References The legal/political aspect is very important in global marketing. "International law" can be defined as rules and principles that states and nations consider binding upon themselves. This raises two interesting
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part in influencing business activity today: • through taxation and spending • through laws‚ directives and regulations • through encouraging business activity through subsidies and support • by providing advice and support for business. Here are some examples of the way in which government influences business activity today: 1. Employment Policy Governments play a major part in trying to stimulate employment. For example‚ the present government is keen to encourage business efficiency so that
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In this task I have been asked to describe the social implications of business ethics facing a selected business in its different areas of activity and I have to assess the social implications of business ethics facing a selected business in its different areas of activity. The business that I will be linking it to British Airways. Human Resources Ethical issues relating to human resources are to confirm that discriminations is not a part of the selecting process. Value is what this should be
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23‚000 new card lines in a single year (Janasz‚ Dowd‚ Schneider‚ 2006). But in saying all this there is a factor which causes the positive effect of team work and team cohesiveness to be affected and that is social loafing. Social loafing is more likely to occur in large teams from 3 members onwards‚ and is where members in the team apply less effort than when working as an individual. Social loafing appears within every team one way or another‚ even if it’s in a high functioning or dysfunctional
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Identify and describe the factors that plays a role in the role of formation of self-concepts. Self-concepts has influenced people’s lives of all racial backgrounds for thousands of years. Self-concepts plays a huge role in life and how we view many different things in ourselves. The concept of self-concepts has been heavily impacted by social and economically. Appearance‚ income and education are the main factors that plays a huge role in the formation of self-concept. Those three developments has
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Management and business organization NOTES: Chapter 3 Introduction: 1. What is an organization: Consists of two or more people that have consciously arranged to create a basis from which to function on a regular basis to achieve a common goal. Despite differences the four common factors that organisations share are: people‚objectives‚ structure and management. Watson refers to 3 aspects of organisational life: o Importance of creative‚ critical and situation defining characteristics of the
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Evaluate how successful a selected business organisation has been in preparing for the growing use of e-business. In this report the business I have chosen to evaluate is Tesco’s. Tesco’s is one of the largest supermarket stores around the world; it has 330‚000 staff working in 3‚146 stores‚ there are stores located in China‚ Turkey and Japan. Research shows that they have stores in 9 other different countries and 27 million people outside of the UK own their own club card to receive offers and
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LEGAL AND SOCIAL ENVIRONMENT OF BUSINESS ETHICAL DILEMMAS Ethics is an essential component of all situations and decisions of life‚ whether personal or professional. Ethics defines itself as‚ a systemized set of generally accepted standards or moral values and also the academic study of such belief systems (Massey stream glossary). Ethics can further be divided into various categories depending on the issues and aspects of each respective case. An ethical dimension of business decision-making has
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Business ethics- impact of the stakeholders As we all know stakeholders have a huge impact on the business but it works both ways. The business and its ethical behaviour also affect the stakeholders and the business itself. Today I am going to evaluate the impact of Sainsbury’s ethical behaviour on its stakeholders and the business. In 2007 Sainsbury has acted very unethically. They sold around 20‚000 cotton bags made by well-known designer. They wanted to make it fashionable to use cotton
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