Chapter 1 An Overview of Financial Management ANSWERS TO END-OF-CHAPTER QUESTIONS 1-1 a. A proprietorship, or sole proprietorship, is a business owned by one individual. A partnership exists when two or more persons associate to conduct a business. I contrast, a corporation is a legal entity n created by a state. The corporation is separate and distinct from its owners and managers. b. In a limited partnership, limited partners’ liabilities, investment returns and control are limited, while
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outside of the business that will affect the main internal functions and in many cases the objectives and strategies of the business (External Environment: Introduction to the external environment, n.d.). This facet of business has been ever present; however, as of recently it is even more crucial and beneficial to the success of any business. It mainly addresses the degree of competition such as with fast food giant McDonalds and Burger King. Some factors found in this aspect of business include: •
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Group Assignment: BHP BILLITON International Business Theory & Practice (MGF 5966) Lecturer/Tutor Mr. Sharif Rasel Name & ID Junaidul Haque – 263 512 50 Dalaphone Phengrattanavong – 266 785 94 Girish Balar – 274 718 53 Maike Nan – 263 994 90 Due Date – Week 11 Introduction BHP Billiton, which is Broken Hill Proprietary Billiton, is an Anglo-Australian multinational mining and petroleum company. BHP started its operation in Melbourne in 1885 which is one of Australia’s
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126 years. The environmental factors influence the marketing decisions of Coca Cola Company. The marketing decisions are often influenced by changes and impacts in technological environment. Factors like foreign corrupt practices, ethics and social responsibility on marketing decisions are discussed and covered in this paper. Coca Cola is not seen as just soft drinks, but as a global organisation which has presence in more than 200 countries offering 3500 products. Developing the brand image of the
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to Business Environment Business environment is composed of two words ‘Business’ and ‘Environment’. In economic sense ‘Business’ means human activities like production, purchase or extraction or sales of products or services that are performed to earn money. Meanwhile ‘Environment’ means the aspect of surroundings. Business environment is the set of conditions institutional, political, economical, legal or social that is uncontrollable and affects the functions of the organization. Business environment
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of input, is a sufficient market strategy adapted by many firms for increasing profit to obtain potential benefits and rewards and achieve “do better by doing good”. And then, the second kind is mainly from “the social responsiveness of the firm” defined as corporate benevolence based on the managers’ attitude towards the charity. Namely, the motivation of corporate giving is the firm’s sense of social responsibility and altruism, manager’s felling or perception impact the corporate giving significantly
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ad ‘Advertising can be defined as any paid form of non personal presentation and promotion of ideas, goods or services through mass media such as newspapers, magazines, television or radio by an identified sponsor’. (Philip Kotler, et al., Principles of Marketing, 2002). So basically advertising is a mass communications device through which companies promote or market their product to the consumer, and this enables them to make informed consumption decisions. Advertising plays an important part
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Ethical and social responsibility is an extremely important principle in an organization. Ethical and social responsibility is the standard that determines the accepatable conduct in an organization. Apple in my opinion has done an excellent job with their social an ethical responsibilities over all. As a corporatin they have investigated and reported child labor violation, toxic conditions, and other violations in their code of ethics. Apple definitely has eliminated dangerous working condition
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people recognized the importance of HRM in organizations. They realized that HRM is not just to hire people. Apart from hiring, HRM has lot of functions which help an organization to achieve a competitive advantage. Effective HRM practices support business goals and objective. Thereby, effective HRM practices are strategic. It can improve the performance of an organization by enhancing customer satisfaction, innovation and productivity. Among the stakeholders that manager’s decision making affects
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Faculty Board of Economic Sciences, Communication and IT Business Administration Starbucks with Corporate Social Responsibility (CSR) “How Starbucks succeeds in a business world with CSR” 15 Credits Master Thesis (FEAD 01) Thesis Advisor: Bo Enquist Co-reviewer Lars Haglund The Authors: Sornchai Harnrungchalotorn Yaowalak Phayonlerd Karlstads universitet 651 88 Karlstad Tfn 054-700 10 00 Fax 054-700 14 60 Information@kau.se www.kau.se ACKNOWLEDGEMENT Acknowledgements Our
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