Entrepreneurs are people in which organised other productive resources in which helps to make good and since the economics regard entrepreneur’s as a specialist form a labour input. Others believe that they deserve recognition as a separate factor of production in their own rights. With entrepreneurs they play an important role in the society. They make a major contribution to economic activity. Imagine how many jobs are created by the thousands of new businesses that are set up every year and
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Examination of 3 Political‚ Social and Legal factors that is likely to effect on River Island’s business both in UK and in Germany: Political factors - are factors which are concerned with the involvement of a country’s government within the economy. 1) Tax Policy: it is a set of policies which the government policymakers design to define who pays taxes‚ what is being taxed and at what tax rates. For a retail business like River Island‚ the company must pay National Insurance‚ Corporation Tax
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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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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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AUSTRALIA: RUNNING LLOYDS BANK IN AUSTRALIA: Political factors: Australia is a democracy which is the following: The Constitution‚ the Federation‚ and the judicature. The Australian nation‚ (which is also known as the Commonwealth of Australia)‚ started in 1901 when the six former colonies owned by the British agreed to join together (Federate.). This is now Australia’s six states. Since Queen Elizabeth II is the Queen of Australia‚ Lloyd’s bank wouldn’t have a problem to run in Australia. All
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Advertising Any paid form of non-personal communication through mass media The main features of advertise are as under: i) It is directed towards increasing the sales of business. ii) Advertising is a paid form of publicity iii) It is non-personal. They are directed at a mass audience and nor at the individual as is in the case of personal selling. iv) Advertisement are identifiable with their sponsor of originator which is not always the case with publicity or propaganda. Importance
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The article stated that Malaysia government intended to impose tax on steel wire rod that imported from foreign countries. (M’sia to impose 2013). According to the article‚ the enforcement of this regulation will be effective five year from February 20‚ 2013. This implementation is aim to protect the domestic manufacturer of steel wire rod. (M’sia to impose 2013). Firstly‚ the article shows that Malaysia Government has attempted to prevent dumping issues that occur in domestic steel wire rod market
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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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Political system Italy represents a parliamentary republic with strong Parliament‚ strict separation of branches of power‚ titular President and the Government which is very dependent on the parliamentary support. All the above mentioned in fact allows us to consider Italy to be a classical parliamentary republic with all its benefits and disadvantages. Now let’s try to describe every key element of political system of Italy. The Italian Parliament is elected once per 5 years and consists of two
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The Political-Legal Environment consists of laws and their interpretations that require firms to operate under competitive conditions and to protect consumer rights for example‚ Health and Safety and Consumer Protection. Government regulations are the forces that combat unfair business practices and serve as a guideline to avoid such discrepancies. There are four historical phases the government regulations falls into: • Antimonopoly period of the late 19th and early 20th centuries • Protecting
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