Case Study: Kentucky Fried Chicken Kentucky Fried Chicken (KFC) is a franchising fast food brand that was founded by Harland Sanders in 1956 and bases its core business in a secret seasoning mix of eleven herbs and spices recipe to fry chicken. The KFC through the last decades became one of the most famous fast food brands in the world with subsidiaries and franchising in different region of the world. One of the purposes of KFC is to stabilize and strengthen its presence in the North Asia
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practices JAPANSE GAAP Japan in the year 2010 had a GDP of 4.31 trillion dollars making them the 4th largest in the world 1. With this being said it is important that other countries doing business in the nation have a strong knowledge of their accounting practices. Japanese accounting practices have been going through some major changes over the past 10 years. In 2001 Financial Accounting Standards Foundation (FASF) was formed as well as the Accounting Standards Board of Japan (ASBJ) was created
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The economy of Japan is the world’s second largest developed country‚ the third largest by nominal GDP and the forth largest in terms of purchasing power parity. Japan relies on its comparative advantage in high-end technology‚ research and development to drive its economy. Since the end of World War II Japan’s economy has grown at a unseen rate‚ propelling it from that of a war torn empire to that of one of the most technologically advanced nations in the world. Unfortunately the meteoric growth
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England and Japan were indeed quite different. Workers in Japan had lower incomes and there were more young female workers. England had higher wages and the ages varied. Through the eleven documents‚ one can see that they can be broken into four categories‚ showing the differences between the two countries. The four categories being background information‚ gender and age‚ wages and hours‚ and working conditions. Through these eleven documents one can see that Female Mill Workers in Japan and England
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Case analysis I. Macro environment Any changes in macro environment will inevitably influence on the company. PESTLE is a framework to estimate external forces (see Table 1) Table 1. PESTLE analysis Factor Current situation Implications Political/ Legal/ Environmental 1) Restrictions in marketing to children 1) ethical and legal aspects should be taken in marketing to children; damage to company reputation in case of offence Economical 1) Recovery after recession and economic downturn
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Classification of Japan Ryosuke Sato ENG101 Classification of Japan Nowadays‚ in Japan‚ the number of traveler from abroad is increasing‚ although there was a big earthquake in Fukushima in Japan. When you come to Japan‚ there are three places you have to visit then: Tokyo‚ Kyoto‚ and Hiroshima. If you visit these places‚ you would see Japanese culture‚ food‚ and historical building. First of all‚ I think most traveler is coming to Tokyo at first. Tokyo is one of the biggest cities if
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some of the world’s greatest countries. However‚ it is Japan who is most famous for being a suicide-prone nation. While only being ranked ninth for deaths by suicide‚ Japan boasts some of the more disturbing stories behind its suicide victims‚ as well as a long history of this gruesome act. However unheard of it seems to outsiders‚ the methods and reasons behind suicide have become all too common amongst native Japanese. Suicide in Japan began with the samurais who chose ’seppuku’ (the disembowlment
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Religion in Japan In Japan today‚ religion is freely practiced and‚ at least in small numbers‚ a multitude of religions are present. The religious beliefs of Japan’s populace breakdown to 91% Shinto‚ 72% Buddhist‚ and 13% other (less than 1% is Christian). Although in the West religious faiths are viewed as mutually exclusive‚ in Japan it is common for a person to adopt beliefs from more than one theology. The majority of the population therefore is both Buddhist and Shinto. Both of these faiths
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1) A convenience store chain attempts to be responsive and provide customers what they need‚ when they need it‚ where they need it. What are some different ways that a convenience store supply chain can be responsive? What are some risks in each case? In order to be response‚ a store has to make a selection between holding large inventory or frequent orders & frequent delivery routes. With holding large inventory‚ risks would be: risk of unsold products; inventory costs (in terms of money)
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APPROACH The corridor rule is a materiality rule that requires disclosure of a pension actuarial gain or loss‚ if the gain or loss exceeds 10% of the greater of the Pension Benefit Obligation (PBO) or the fair value of plan assets. If this is the case‚ then the corridor rule allows this actuarial gain or loss to be amortized gradually over time into the income statement. Overall‚ the corridor rule can be seen as having a smoothing effect with respect to reporting pension gains and losses. The corridor
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