Corporations rely on the functions of law to protect their business dealings while managing business connections. Legal counsel, arbitrary agreements, order, safety, establishing good rapport with consumers, vendors, etc. are a few functions of business law (ehow.com, 2015). Like you or I, businesses have to pay taxes on income they earn, and tax law determines how businesses pay taxes. Business owners can choose from one of several business options that the Internal Revenue Service’s offer in regards to tax (nbea.org, 2007).
has a large risk in fraudulent factors due to working with many companies throughout the United States. National Commission of Fraudulent Financial Reporting is an independent private sector that investigates these behaviors. I believe and recommend that our company should have independent auditors for SEC and other regulations that apply to our business. We must also put into place education and promotional awards to reduce employee’s faulty performance. Our business ethics are honest and loyal in which we serve our employee’s with high standards.
The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products. Another problem Shanghai Tang faces now is the need of shift of customer focus from European and American buyers to Chinese customers which will expand the customer base of the company. Even though a lot could be done better the management process of the company is excellent which includes the following i) Design Process: The mixture of both the core collection and seasonal collection maintains a balance between trademark products and the newness factor. The focus on theme and the creative designer as the core adds a lot of value to the design process. ii) Brand Considerations: Focus on the Shanghai Tang DNA leverages the brand equity that has been developed till now but on the other hand it limits the creativity of the designers.
This external pressure incentivized Newell to optimize their supply chain and maximize supply efficiency, which led to systems like cross-docking. The threat of new competition and the threat of other products/services went hand in hand with how Newell was perceived by their customer. If a Wal-Mart, say, were displeased with an aspect of Newell’s performance they would pressure Newell by threatening to allow a competitor into the supply chain to stock some stores. Given the relatively un-differentiated nature of Newell products substitute suppliers were not hard to find. In essence, any market player that was operationally similar with a comparable, or superior, portfolio of products was a threat for Newell.
Maybe the type of mode they are using is not the most favorable for them. And because demand for transportation is sensitive to price changes we have to see further in to this problem. Canadians have a favorable advantage over the Clearfield Company because by being subsided by their government they could improve in a much rapid way and having a good exchange rate makes their costs to be less that the Clearfield Company. Because the cut in costs, the Canadian company has a much broader amount of choices of transportation to choose from because they have more money to spend in transportation, contrary to Clearfield that have more costs in the inventory and transportation costs. This permits Canadians to choose a more efficient and effective mode, because they have more money to spend, therefore more options to choose from than Clearfield.
Interstate commerce is effectively and efficiently undertaken. Before the UCC, interstate commerce that constitutes the bulk of commerce in the United States bogged down many times because of the necessity of dealing with different legal requirements in individual states as products, components or materials traveled from one jurisdiction to another (Broemmel, Mike). There are other benefits that the Uniform Commercial Code that allows for expedited international trade. Both export and import of goods in the United States are undertaken more efficiently, because of the uniform system of commercial law in each states, also significantly less red tape and more cost effective manner (Broemmel,
Balance Sheet 1) Similarities Both Companies uses the narrative format for balance sheet instead of the T-Format. This form, assets are first, followed by liabilities and then owner’s equity, this allows users to compare and identify the progress or the company between the financial positions of the previous and current period. Both balance sheets figures are presented in millions. Both balance sheets share very similar elements as well as the items within their assets, liabilities and equities. The reason could be that both Nestle and Unilever prepared the balance sheet in compliance of IFRS and they are from the same industry.
Structure: Deutsche bank, being a very old bank that has evolved has seen a change in their structure many times throughout their history. In order to evolve and globalize their change in structure has made them current with modern day society and a stronger force amongst their competitors. Deutsche bank diversifies its activities into three group divisions: Corporate & Investment Bank (CIB); Private Clients and Asset Management (PCAM), and Corporate Investments (CI). Group divisions: Deutsche bank has compartmentalized their banks to be able to monitor business and performance more closely, when globalizing, Deutsche Bank headquarters realized that it would be nearly impossible to monitor all these new deutsche bank locations; they sought out to create a structure that can be implemented in each deutsche bank location. Deutsche bank is diversified into three group divisions, which are Corporate and investment banking, Private clients and Asset Management, and Corporate investments.
The heavy dependence on retail stores leads to widespread availability of counterfeits which provides a unique challenge and directs towards the importance of having own-stores to ensure the legitimacy of the products. Another problem Shanghai Tang faces now is the need of shift of customer focus from European and American buyers to Chinese customers which will expand the customer base of the company. Even though a lot could be done better the management process of the company is excellent which includes the following i) Design Process: The mixture of both the core collection and seasonal collection maintains a balance between trademark products and the newness factor. The focus on theme and the creative designer as the core adds a lot of value to the design process. ii) Brand Considerations: Focus on the Shanghai Tang DNA leverages the brand equity that has been developed till now but on
Similarly, the transaction cost for stores such as H&M is more than that of the jewelry shops but less than the department stores. Also, it is much harder for a business enterprise to internalize if it has high transaction cost. Thus, jewelry shops can internalize at an easier way as they have comparatively lower transaction costs. Since, jewelry shops can internalize in an easier way, theoretically, they should make more money. And it is only fair that the shop that makes more money has to pay more rent.