Discuss the extent to which Consumer law achieves its objectives. The most efficient way for consumers to get what they want is through the ‘market’‚ not the government‚ but businesses have more power than their customers. Some businesses can and will use abuse this power and cheat and steal from consumers to make money. Because of this‚ the government regulates the behaviour of businesses to have a market economy that functions properly. These laws mainly protect consumers against; misleading/deceptive
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I am going to evaluate the influence that stakeholders exert on Zotefoams PLC. I will be evaluating the following stakeholders: customers‚ employees‚ shareholders‚ suppliers‚ the government and owners. Customers Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons; customers do not want to have to spend an excessive amount of money to purchase a product‚ so if one of Zotefoams competitors can produce
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M1 – Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations The stakeholders in a business can be a person‚ group or organisation that has an influence in an organisation. All stakeholders are not the same‚ they all have their differences. Customers The customers are a very important stakeholder of Sainsbury’s because the aims mostly involve them‚ Sainsbury’s want to ‘deliver an ever-improving quality shopping experience
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D1 In this case study I have chosen one of the following organisations from my previous task “McDonalds.” I have chosen McDonald’s because they are a very popular worldwide fast food restaurant and also they have a various amount of stake holders. Owners: Owners want to prosper and make money. They also need to care about how the business is running and how it will be more successful by investing money. If McDonald’s wasn’t as successful as it is today then owners wouldn’t be as confident
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Explain the points of view of different stakeholders seeking to influence the aims and objectives of two contrasting organisations. Stakeholders are an important part of any business as they influence aims and objectives which bring in profit and keep as business surviving and successful. Customers McDonalds aim for their customers is to serve and produce the best food they can and provide a good service and clean restaurant. They also ensure that the food is convenient for all customers and
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D1- Evaluate the influence different stakeholders exert in one organisation. I am going to evaluate how important it is for stakeholders to exert on an organisation. This is stakeholders such as employees‚ customers‚ shareholders‚ suppliers‚ owners and the government. I will also state if the influences have positive/negative effects on the long term success of the organisation. Woodbridge- The two types of stakeholder I am going to explain are students and the local community. Students can
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Stakeholder Stakeholder is a person or groups who have interest in the success of the organization. A stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder Internal Stakeholder:- Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:-
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contracts. Unit introduction A business can only make money legally by making contracts with other businesses and customers. Businesses want to make the terms of contracts favourable to themselves. All involved in a contract need to know the terms on which it is based so they understand their rights & obligations are understood and appropriate action can be taken if the contract is not followed properly. Many businesses try to minimise their responsibilities under a contract‚ and the law attempts to
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For Unit 1 Business Environment D1 I have been asked to write a report evaluating the influence of the different stakeholders exert in organisation. As the reason for this I have chosen Asda as my organisation. Overview of Asda Asda is a private limited company as this business operates one of the Stakeholders of Asda Manager’s influence A manager impacts Asda by making certain that workers are well qualified so the commerce runs professionally so the commerce is positive. A manager
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(M1) Explain the points of view from different stakeholders seeking to influence the aims and objectives of two contrasting organisations- say how they influence aims/objectives. The British Red Cross has an aim to care for people in ’crisis’ they are a not for profit charity and a volunteer led humanitarian organisation Here are 5 of their main stakeholders: Donors Employees/Volunteers Communities Victims Government Donors The donor’s interest with Red Cross would be that they want to help
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