Legal Factors A legal factor is when you can be prosecuted. Statutory law: If you break the statutory law it is a crime. * A law passed by parliament. A new government can bring in new laws – this means that if there is a new government they have the rights to allow a law to pass or can turn down it‚ but it has to be decided through the parliament. * This involves the police‚ if the rule is broken – this is saying that if you break the legislation the police have the right to enter
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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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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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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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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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Political Factors In India‚ one can never over-look the political factors which influence each and every industry existing in the country. Like it or not‚ the political interference has to be present everywhere. Given below are a few of the political factors with respect to the airline industry: The airline industry is very susceptible to changes in the political environment as it has a great bearing on the travel habits of its customers. An unstable political environment causes uncertainty
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What is relationship Building about? In ever aspect of life we are in‚ whether getting involved in the social activities‚ building our career path‚ or socializing with family and friends‚ we interact with various type of individuals. Such interaction may occur with familiar people with whom we are in close contact like our family and friends or with new acquaintances. We may also build a connection over a period of time with our work colleagues or members in a club. The fact that we interact
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activities Social Activities Introduction: ← Social activities are defined as the recreational programs for the human resources .It is also defined as an activity considered appropriate on social occasions. Social activity has long been recognized as an essential component of healthy aging. Some of the Types of social Activity: □ Environmental Activities □ Educational Activities □ Blood Donation □ Disaster Aid □ Support Program
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1 Activity 1. Marketing provides consumers with choice. Identify two methods used by business to do this. Marketing provides consumers with choice. This is identified by two methods in businesses‚ Product features (e.g. car with power steering) and pricing strategies (discounts). 2. Describe the importance of market share to a business operating in a highly competitive environment. The importance of market share to a business operating in a highly competitive environment is to show how much
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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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