Assignment 1 Unit 1: Investigating How Businesses Work In this task I will be writing about Marks & Spencer as it is an international business and is very popular. Ownership Company Profile Marks & Spencer Marks & Spencer is a super market but it also sells clothing‚ home stuff and much more. Marks & Spencer are an international business which has 337 stores in 41 territories overseas. They also have 703 stores in the United Kingdom. They sell products to customers which are satisfactory and what
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Internal controls are methods or procedures adopted in a business to: -Assist in achieving the businesses’ objectives - Ensure financial information is correct and reliable - Ensure cooperation with all operational and financial requirements - Protect its Assets They are essentially checks and balances within a business. It’s objective is to reduce errors‚ limit financial losses and prevent fraud. They also segregate duties within the company and limit one persons control over an entire area
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How do foreign exchange fluctuations affect MNEs? The Facts The foreign exchange market is an over the counter market that trades foreign currencies. Based on the supply and demand for a countries currency‚ the value of that currency changes‚ which causes the price to shift. If a business is doing a transaction in a foreign currency‚ they will need to exchange it back to their home currency after the transaction is complete. The fluctuation in exchange rates creates a foreign exchange risk
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In modern designs‚ the cruise control may need to be turned on before use — in some designs it is always "on" but not always enabled‚ others have a separate "on/off" switch‚ while still others just have an "on" switch that must be pressed after the vehicle has been started. Most designs have buttons for "set"‚ "resume"‚ "accelerate"‚ and "coast" functions. Some also have a "cancel" button. Alternatively‚ depressing the brake or clutch pedal will disable the system so the driver can change the speed
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How successful were Henry VII’s attempts to control the nobility? Lotherington says‚ ‘No king could rule without the co-operation of the nobility‚ which was largely responsible for conducting the king’s business in the provinces’ and Pendrill supports this when he says that Henry VII’s prime aim was to restore a partnership in government‚ shifting the balance in his favour after the disruption of the Wars of the Roses. Policies to achieve this combined a mix of the ‘carrot and stick’ technique.
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Government Regulations Within the Jewellery Industry The government regulations are really down to the federal trade commission to enforce it and to ensure that the jewellery industry complies with it. The government regulations even have an influence in the way that the businesses are allowed to market themselves and the way that they do their advertising. There are a lot of people that feel that the jewellery industry would be far better if it was self-regulated. The internet is changing the way
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Activity 2: Investigate how businesses develop. In this report I am going to compare and contrast my two businesses‚ Disney and Adventure Island. I will also outlines whether the market for their goods and/or services are steady‚ declining or increasing and then I will also include suitable maps identifying the location of Disney and Adventure Island and evaluate the likely reasons for their choice of location. I will then evaluate what factors might cause Adventure Island to relocate. Markets
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forms of punishment. Although slaves would be punished if caught‚ escaping slavery was worth the risk because slaves would no longer have to work for someone else and they would be able to see their families again. The main reason slaves should attempt to escape is because they would be free from their owner. A good example of needing to take the risk is Boston Blackwell’s story. While
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ESSAY It is the responsibility of government not businesses to protect the environment‚ Discuss. By‚ Asfand yar hameed ESSAY PLAN INTRODUCTION Thesis statement: Protecting the environment is not only a social responsibility of all businesses‚ but government ’s duty as well. BODY Paragraph 1 environment affected by businesses. Business being a greater danger to the environment than any other domestic activity (Fieser‚ J. 2010) Corporate sector being resistant to environmental
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literature review‚ I would like to share my insights from reading the book titled “Corporate venturing: creating new businesses within the firm” by Zenas Block and Ian C. MacMillan. In this book‚ the authors shared their views on the importance of corporate venturing especially in this competitive global economy. Also‚ other aspects of venturing like the management‚ organisation and control of the ventures are also covered in great detail. However‚ much focus will be placed on the imminent need for corporate
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