INTRODUCTION International business is a term used to collectively describe all commercial transactions that take place between two or more nations. It refers to all those business activities which involves cross border transactions of goods‚ services‚ resources between two or more nations. It can be either the buying (importing) or selling (exporting) of goods or services on a global basis. In the achievement of the strategic objectives of a self-reliant and dynamic economy‚ the government considers a substantial
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Corporate Social Responsibility is essentially about doing good and doing well. It generally refers to the process of integrating social values and mission within business decision making‚ to achieve positive and sustainable outcomes towards business‚ environment and the community at large. Concept of CSR includes specific issues Product safety Honesty in advertising Affirmative action Employees rights Affirmative action Environmental sustainability Ethical behavior Difference btw
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rapidly changing environment that affect its ability to serve its customers. A business firm must continuously monitor and adapt to the environment if it is to survive and prosper. Disturbances in the environment may spell profound threats or new opportunities for the firm. The successful firm will identify‚ appraise‚ and respond to the various opportunities and threats in its environment. Business environment is the surrounding or atmosphere under which business is conducted. Business cannot work
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Reasons for Market Failure and the Roles of Government To Improve the Market Outcomes What is market efficiency? Market efficiency is defined as all participants in a market can get the maximum benefits and used the minimum cost and effect to transact (BusinessDictionary.com‚ 2011). Besides that‚ the definition of market efficiency is covered by the market and investor group. In other words‚ efficiency refers to the productivity or the size of the economics pie. If the size of economics
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01. INTRODUCTION What is a small business? A small business refers to a designation for firms of a certain small size which fall below certain criteria (that varies from country to country) in terms of annual turnover‚ number of employees‚ total value of assets‚ and other factors which may be used. Small businesses are common in many countries‚ depending on the economic system in operation. Typical examples include: convenience stores‚ other small shops (such as a bakery or delicatessen)‚ hairdressers
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DISCOVERY EXERCISE 12 THE ROLES AND RESPONSIBILITIES OF LOCAL GOVERNMENT FOR EDUCATION POLICY. In England the borough councils are the local authorities responsible for education. Local Education Authorities (LEA) has responsibilities towards schools in their areas. Some of their responsibilities are as follows: 1. They are responsible for distribution and monitoring of funding for the schools – the method of calculation of school’s budgets is called Fair Funding. Most maintained schools receive
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an important political factor which is compulsory for everyone to pay including my two chosen organisation. The government takes tax out of my chosen organisation profit they make at the end of the month‚ this impacts them in a negative way as that money could be used to achieve the. Tax prevents Tesco and Wal-Mart from achieving their aim which is to maximize profits. There are different forms of tax‚ but I will be talking to you about corporation tax: Corporate tax This changes depending
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Q1: (a) INTERNAL FACTORS AFFECTING BUSINESS ENVIRONMENT: Companies must endure economic recessions‚ competing businesses stealing their market share and dips in their stock price. However‚ these external factors are not the only problems businesses face. Companies must deal with internal factors as well. Internal issues can create just as many problems as external ones. Sometimes‚ the two types of factors are linked. Employees : The caliber‚ attitude and work ethic of a company’s employees are
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Explain the characteristics of the local business environment 1- The key area in Kentish town is the high street. This is where it is always busy and also where the tourists are attracted to. On the high street there are a number of different types of shops selling things like clothes and toys. Also food stalls and furniture shops for household goods are on Kentish town high street. 2- Kentish town has transport links mainly trains and buses‚ the bus routes as such as 134‚ 24‚ 214 and the
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Paper #1: Role of Government Intervention in Environmental Issues In environmental cases‚ a policy framework is sometimes more effective when there is less government intervention. As the level of government intervention diminishes‚ this allows more flexibility for corporations to achieve efficiency. Furthermore the traditional command and control approach has proven to be costly‚ bureaucratic and often inefficient. It is important to address the fact that there are numerous benefits that
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