Identify the main reasons for reviewing working methods, products and / or services in a business environment. The main reason why a business should review working methods, products and / or services are to ensure that they are keeping in line with other businesses. An example of not keeping up with the times is HMV. Change can cause added pressures to the business. However there are changes that would have a small affect on the business.
Why are ethical behaviour and government regulations important to marketing? Ethical behaviour is used within many businesses to ensure the business provides accurate information to customers as well as other businesses to engage in fair competition. It is important for a business to have ethical behaviour in relation to the marketing side of the business so that goods produced, promoted then sold do not provide misleading information. If identified by consumers, it can have a major impact on all functions of the business as it has the potential to ruin the business’s reputation placing the business at a declining stage of the business’s life cycle. In a similar manner government regulations are also important and must be overviewed by all functions of a
Some of the very important factors are: Government stability effects businesses in a great range by competing with businesses to lower their costs, transparency is another important factor where anything the business does is revealed to the government and the government know exactly what they are up to. Economic policy of government on businesses is also a very essential factor that effects businesses for example, government sets up rules and frameworks according to which the businesses compete with one and another, so from time to time government changes these rules which forces the businesses to change the way of their set ups. There are also beneficial political factors that help businesses in various ways, these factors can be defined as apprenticeships and funding of schools and colleges which will enhance the skills of the population that will affect McDonalds in having more skilled workers to work for them which will
LAW 421 WEEK 2 Individual Assignment University Of Phoenix WEEK 2 INDIVDUAL ASSIGNMENT NAME: DATE: LAW 421 INSTRUCTOR: Once I finished participating in the simulation I began to see many problems when it came to the practices and the resolving of international transaction disputes. I took some resourcefulness to navigate through difficulties of working with two separate sets of protective laws. One of the major problems I encountered was that you are forming one agreement for two different companies, each with their own set of government policies regarding business. Each of the two parties involved should do their part to protect against legal disputes, for instance drafting a choice-of-law clause. This action is a good start, so that both parties define and protect specific laws.
Business Entities, Laws and Regulation The intent of this paper is to discuss three business scenarios and determine the business entities that will serve them best in their respective industries. In addition, each business will identify how best to control the business, taxation, adhere to employment laws and regulations, and address any possibly liability concerns that may arise. We will illustrate how each business can organize and be successful. The first scenario involves Lou and Jose who plan to start a restaurant and sports bar. Lou and Jose do not have much money; however, they do have an investor.
Week Two Learning Team Reflection During Week 1, we discussed the basic components of business research. We were shown how to recognize dilemmas and address issues related to corporate America, such as declining sales, increase in costs and any other issues that may have adverse impact on business. With that, business research becomes a problem solving tool in the decision making. However, ethics must first be weighed to ensure the social bottom line and productivity remains at its highest. Unethical behavior undermines positive gains.
To expand your business and continue successfully you must consider employing non-CPAs. Economic and Ethical Issues of Pricing All CPAs and CPA firms have a vested interested in ethics but how do they keep those ethics and professional codes of conduct while growing their business? How do they add value to their services during these economic times? This paper explores the idea of changing from an hourly billing system to a fixed fee pricing structure in order to grow and thrive, the ethical challenges of hiring non certified accountants and personnel and the professional
Unit 1 Individual Project 1 Anthony L Mitchell June 8, 2012 AIU Online AIU Online Abstract This paper will discuss the differences and similarities of business proposals and formal research. This paper will include the theoretical and physical properties of each and how they operate in the world of business. In today’s business world formal research and business proposals are important elements that help to create success for anyone looking to prosper in business. There are some differences and similarities when comparing business proposals and formal research for each has its own use and application in the world of business. To help better understand these similarities and differences one must first understand the terms of formal research
Business ethics are often guided by law, while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance. Business ethics are implemented in order to ensure that a certain required level of trust exists between consumers and various forms of market participants with businesses. Business ethics can be defined as the critical, structured examination of how people & institutions should behave in the world of commerce. In particular, it involves examining appropriate
How Personal Can Ethics Get? Dr. Ronnie Jones The Business Enterprise – BUS 520 7/12/11 Strayer University Abstract The personal preferences of individuals, differences, cultural implications of ethics and how they effect organizations and their policies are a hot topic in the business management arena. There are no universally accepted principles on ethics and how to handle these situations. However, with effective leadership, and an employee code of conduct written and documented within the organization’s policies and procedures manual, one can handle an ethical situation feeling good about their decision personally, and that they made the correct decision for the organization