Foreign product taxes, or tariffs, were initially imposed to help in the growth of our country by keeping infant industries alive, as well as to bring in revenue for the United States federal government in its early days. But, as time has gone on, people have started to question whether these protective measures are actually helping or hurting us. And after much research, I can definitely assure you that tariffs are detrimental to our country’s well-being. By having these taxes on foreign products, people are naturally going to turn away and opt for something cheaper. So when these domestic companies are getting a steady flow of customers and income, they no longer have any need or incentive for improving the quality of their products.
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
Enron Corporation Business Law Enron Corporation Describe how Enron could have been structured differently to avoid such activities. Enron could have been aware of the agents are doing to avoid all the scandals that were going on in its company. Enron should have never used its stock value as collateral to obtain loans from its partnership. The partners in the corporation should have known that these techniques were unethical as well as illegal. As stated by Gilman, Hamed, Navran & Brown (2010), the ten things a company can do to avoid being the next Enron includes: Examine your ethical climate and put safeguards in place - Corporations are composed of cultures.
Since the Industrial Revolution, pure monopoly has existed and has even accelerated to the point that it was considered by some to be antithetical to our country’s basic market system. Because of this preconceived notion, the United States government put into place laws and regulations that businesses must follow in order to be deemed legal (Monopoly, 2011). So then, one might ask, how in today’s market system do pure monopolies exist? This paper will discuss the main characteristics of a pure monopoly, including the barriers that exit so other firms cannot enter into the market with the same product, and their control over pricing of its product. There have become less and less industries that would be considered a pure monopoly, but some industries of pure monopoly still exit because of the characteristics of their business (Brue, McConnell, & Flynn, 2010).
Powers of a Monopolistic Anarchy While the Microsoft Empire maintains its status as a vast company of large-scale production, readily contributing to the national GDP, and yielding high interest and profits to its associates, criticism and controversial accusations keep mounting. The thought of a monopoly as the economic device for good business seems almost mind-boggling to Microsoft’s competing corporations, as well as the entire economic community, legal and commercial. Why is monopoly such an undesirable practice? Why does the Microsoft Monopoly, in particular, violate the antitrust laws, and how far ought the government go in its efforts to regulate and fight such monopoly. What are the economic crimes that Microsoft is guilty of?
Corporate loyalty was once the prevailing attitude in GE, in fact, Welch considered the idea was obsolete. When Welch decided to precede chaotic changes in the workforce, as Business Week concluded, “the old social contract between employer and employees was nullified.” (Byrne) In order to increase the value of the corporation, Welch had ignored GE‘s social contract with the society by laying off employees. Furthermore, Jack Welch waged a fierce fight against the dredging during his tenure as CEO. At the center of the conflict was whether the GE could be forced to clean up the Hudson River, which had became the nation’s biggest toxic site on the Superfund list of the EPA.
Ethical dilemma is a situation involving moral principles with no right or wrong, the decision depends on the desired consequence people want to achieve. In real life, we have heard so many ethical dilemmas that emerge in societies, especially the situations which involve corporate interactions. For example, Nike and its sweatshops issues have caught almost everyone’s attention in the past decades. It is really difficult to determine whether Nike was wrong or right, however, it is fairly easy to tell whether Nike was ethical or unethical. To generate the biggest profit is the main goal for almost every corporation.
Should the government allow workers to strike? It is human nature to be unsatisfied with the present circumstances and strive for more. In the early years, federal employees were not allowed even to join unions or groups that may sponsor strikes otherwise deal with one year imprisonment. It is the temperament of labor unions to ask the employers much more than they are willing to partake, which then precede strengthening of perceptions and then eventually the strike. Increasing strikes will result in greater costs of state and local government and the taxes as well.
1- Which strategic marketing assumptions and decisions arguably made Boo.com’s failure inevitable? Contrast these with other dot.com era survivors that are still in business, for example, last minute.com 1-Boo.com lacked the resources and capabilities to make a successful launch in all of the countries it operated in. Boo.com did not have a good strategy and so rather than building a step by step business that could grow over time they aimed to build a global business from the first try. The company benefited from the high demand for its stocks. However, once the company demonstrated its inability to deliver, the launch date for the website was constantly put back.
The firm’s senior managers had engaged in fraud for an extended period through a scheme in which partnerships owned by the managers could receive payment for goods and services never provided to Enron. Enron’s executive team was trying to create an enterprise, which would increase wealth among their shareholders. However, when it revealed that their stock prices were less desirable, certain aggressive accounting measures were required. Arthur Andersen, auditor and consultant to Enron, helped to make Enron’s shares look more favorable. Andersen knowingly certified false financial statements as accurate.