UK Trade Relations Report - Free Essay Example

Sample details Pages: 8 Words: 2297 Downloads: 7 Date added: 2017/06/26 Category Economics Essay Type Research paper Did you like this example? Sales Strategy We aim to strengthen our sales by establishing close liaison with potential clients. We will kick-start by proposing free consultation with regards to overall cost, delivery and service. Also, we intend to disseminate our management teams vast experience both with German gift manufacturers and artisans, as well as our expertise regarding the trade environment so as to attract our targeted segments of the market. Sales Forecast Sales rely on the various contracts that the business is likely to acquire in the two market segments. Revenue includes three sources: a commission rate charged from clients as per the dollar amount of the goods traded or moved, a projected average cost and lastly, an undisclosed profit margin. A strong rate of growth is expected at the commencement of the business activity. The statistics below present the expected financial position over the next three years: Side by side, the company will initiate and maintain an expensive marketing campaign, which will guarantee maximum visible presence of the business in its targeted market. Following is an outline of the marketing strategies as well as the objectives of the company. Marketing Objectives à ¢Ã¢â€š ¬Ã‚ ¢ Developing a website having companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s name and contact information with online directories so as to ensure an active online presence à ¢Ã¢â€š ¬Ã‚ ¢ Establishing effective relationships with reta ilers, wholesalers, and distributors, both in the domestic as well as international markets Marketing Strategies In order to materialize a high inventory turnover, the company intends to incorporate several traditional and experimental sales as well as marketing strategies. The Import Export Company will advertise campaigns through internet, print as well as electronic media, public relations and word of mouth referrals. In addition to these propagating techniques, the company intends to develop strong communication and contacts with domestic and international trade brokers at the very start of the business. This will eventually create a strong network of brokers that will immediately start to divest product inventories. Mr Doe, having had extensive experience contacts in the industry will use this existing network of brokers to source products on behalf of the company. The companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s management aims to use a full-fledge marketing campaign in order to increa se its sales. This campaign will involve search engine optimization technique, which will enable the company to increased visibility when certain key-words related to import and export are typed in the search bars of major search engines. The companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s website too will be designed very carefully so that it showcases companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s operations, product lines, policies about trade and carrying items, as well as information on how to become a trade partner with the company. Organizational Plan and Personnel Summary Corporate Organization Don’t waste time! Our writers will create an original "UK Trade Relations Report" essay for you Create order Management Personnel The main officers forming the backbone of our company are, President Mr. Ali, Head of Exports Mr. Hassan, and Head of Imports -Mr. Umar, all of whom graduated with honors from the University of London,with a bachelors degree in Marketing in 2012. Such a qualified management makes it possible for the company to have strong capabilities and leadership in all aspects of trade relations, contracting, logistics, and selling. Financial Plan Underlying Assumptions The annual revenue growth rate of the Import Export Company will be 16% The owner will get $125,000 of the total debt funds for development purposes of the business The acquired loan will have a 10-year term, with an interest rate of 9% Sensitivity Analysis There is no doubt about the fact that the companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s revenues will be affected by changes in the global economy. These changes mainly include the varying fluctuations of currency. However, since the business will function as both an importer as well as exporter of products, the effects of the tug of war between weak dollar vs. strong dollar are likely to cancel out each other. The Business Opportunity As far as UKà ¢Ã¢â€š ¬Ã¢â€ž ¢s trading industry is concerned, domestic investment and overseas trade are vital for its prosperity. This is the reason that the government, through its trade and investment policies, seeks to help UK businesses in succeeding overseas and also encourage international companies to work with UK-based businesses. In order to create new markets and trading opportunities, thereby keeping the trade market alive and working, the government is also working to remove trade barriers. This will also enable equal acce ss to markets for both the suppliers and consumers. In this way à ¢Ã¢â€š ¬Ã¢â‚¬Å" ensuring market access on fair terms and keeping markets active and open à ¢Ã¢â€š ¬Ã¢â‚¬Å" makes it possible for the rules-based international trading system to thrive effectively. Trade partnerships with countries outside EU can pose challenges in the form of long distances and communication problems arising due to the difference of languages and business environment. Nevertheless, it can also bring with it a wide array of valuable business opportunities. The UK has a vast network of trade relations with non-EU countries, and is ever-interested in to do business in open markets that comply with the World Trade Organisationà ¢Ã¢â€š ¬Ã¢â€ž ¢s (WTO) rules. Therefore, it seeks to resolve issues of trade barriers through its own efforts as well as EUà ¢Ã¢â€š ¬Ã¢â€ž ¢s help. As far as open markers are concerned, it takes EUà ¢Ã¢â€š ¬Ã¢â€ž ¢s help in negotiating commitments that are legally approv ed by the WTO or seeks to contract bilateral trade agreements. Aiding material as well as practical support is available to help a budding company find business opportunities, trade missions, market information, financial support, as well as advice on custom duties, tax, and trade (international) paperwork. The guide given below presents a summary of the support and opportunities a business can take due advantage of when trading in international markets of the Commonwealth, American and the Asian and Pacific regions. Trade Opportunities Key Sectors UK Trade Investment has distinguished several number of export opportunities that UK businesses can engage with in the following sectors: Food and Drink Education Electronic Healthcare Systems Renewable Energy Biotechnology Security UK Trade Relations with the Commonwealth The Commonwealth refers to a diverse group that includes 53 countries, comprising of developed, developing and the least developed countries (LDCs). It includes both large countries, such as India, as well as small island nations. Markets of these countries offer a plethora of trade opportunities for UK in almost all sectors, including, agriculture and Information Technology. In the case of developing countries and LDCs, you can bid for contracts that are funded by aid agencies. For Commonwealth countries, you can do business through subcontracting to larger businesses that are already involved in trading with these countries. The UK as well as EU has close relations with the Commonwealth. Both the UK and the Commonwealth approve of the benefits that come with reducing trade barriers, however, the Commonwealth also works to ensure that the developing countries are not unfairly made to face competition from larger, developed and rich er countries. The Commonwealth privileges its member countries, including UK, through preferential trade access. Commonwealth countries also constitute many regional trading groups named as follows: Africa, Caribbean and Pacific countries (having a trade and aid agreement with theEU) the North American Free Trade Agreement the Association of South East Asian Nations the Free Trade Agreement of the Americas the African Union the Asia Pacific Economic Co-operation Trade agreements also exist between most of these organizations, EU and the UK. You can easily procure information with regards to developments in trade policy from the Department for Business, Innovation and Skills (BIS). For country profiles, business opportunities, trade missions and exhibitions, you can get in touch with UK Trade Investment (UKTI). Also, UKTI offers support and assistance to small businesses. UK Trade Relations with the US For UK businesses, the US is the main overseas investment market as well as export market. The US market is quite diverse because the country has many states and regions and it also constitutes a free trade area with Mexico and Canada. The USà ¢Ã¢â€š ¬Ã¢â€ž ¢s business culture and several other practical facets of living and working are different from those of UK. Therefore, it would be easier and more cost-effective to work with those UK businesses that are already involved in trading with the US or US businesses that are already established in the UK. A notable change in USà ¢Ã¢â€š ¬Ã¢â€ž ¢s trade policy has recently taken place, according to which climate changes need to be prioritized. This has created new business opportunities with respect to environmental systems and products. The UK and US also share bilateral trade relations and in 2007, theEUand US created the TransAtlantic Economic Council (TEC), that comprised of business forums, while legislators and consumers used this platform to promote open trade. UK Trade Relations with Canada After the US, the UK is categorized as Canadaà ¢Ã¢â€š ¬Ã¢â€ž ¢s second biggest trading partner in the world. The government signs contracts bilaterally, as well as through the Commonwealth and theEU. Trading with Canada brings several advantages with it; thereà ¢Ã¢â€š ¬Ã¢â€ž ¢s no language difference, the business culture is familiar and the number of UK businesses established in Canada is considerably high. Also, in the exporting arena, UK products have the advantage of preferential tariffs, granted to them by the Commonwealth agreements. This gives UK businesses advantage over businesses of otherEUcountries. Canada and theEUare also currently involved in negotiating an agreement with regards to an economic partnership. The strongest sectors of UK-Canada trade are technology, science and clinical research. Opportunities also exist in the sectors of oil and chemicals, media services and engineering. You could benefit from the additional opportunities offered by the 2010 Olympic and Paralympic Winter Games in Vancouver and the 2012 Olympic Games in London. UK Trade Relations with the North America Free Trade Agreement Area There exist manifold trade opportunities for UK businesses in the markets of the North America Free Trade Agreement (NAFTA), which include US, Mexico and Canada. The UK has bilateral trade relations with these three countries, both on an individual basis as well as through EU. There are already many UK business trading and investing with the NAFTA countries. It would be preferable, both in terms of convenience and economic feasibility, for you to start trade in collaboration with these businesses. Also, the NAFTA countries, in an attempt to combat climate change, offer business opportunities in the environmental market as well. It is necessary for you to acquaint yourself with NAFTA rules if you wish to trade within this region. NAFTAà ¢Ã¢â€š ¬Ã¢â€ž ¢s regional market is quite intricate and integrated. Also, much of the manufacturing market has been shifted to Mexico sinceNAFTAà ¢Ã¢â€š ¬Ã¢â€ž ¢s inception in 1994. Resultantly, Mexico has seen rising prosperity and developme nt of its consumer market. One third ofthe NAFTAà ¢Ã¢â€š ¬Ã¢â€ž ¢s trade is concentrated in the sectors of energy, automotive and agriculture. These sectors and the resulting trade, however, have been adversely affected because of the current economic crisis. Also, NAFTAà ¢Ã¢â€š ¬Ã¢â€ž ¢s trade benefits have been unevenly spread among the three countries, all of which want to revise certain parts of the agreement. These three countries also involved in bilateral free trade with other countries. For example, Mexico and EU have a free trade agreement, while negotiations between Canada and EU are still in process. The US and the EU also have a free trade agreement. UK Trade Relations with the Free Trade Area of the Americas The Free Trade Area of the Americas (FTAA) comprises a total of 34 member countries. This means that there is a vast range of different economies involved, which would create numerous business opportunities for UK companies. There are also several industries in these countries, also imposing several national laws on businesses. Themember countries of FTAA, including some Caribbean islands and all of the Americas, are working to create a free trade area, which includes the North American Free Trade Agreement as well. The working groups ofFTAAare currently working on the following nine trade issues: Services Agriculture Market access Government procurement Dispute settlement Investment Intellectual property Subsidies, countervailing and anti-dumping duties Competition policy Special committees have also been created to take care of: Participation of civil society Smaller economies Institutional issues E-commerce TheFTAAkeeps its Hemispheric Customs and Tariff Database for market access updated. In addition to delivering country information and contacts to national governments, the FTAA also works with regional development banks, for example, the Inter-American Development Bank. The UK and FTAA countries have bilateral relations. The UK also becomes a part of EUà ¢Ã¢â€š ¬Ã¢â€ž ¢s bilateral relations with these individual countries and also its negotiations on a region-to-region basis so that a trade co-operation agreement could be developed with theFTAA. UK Trade Relations with Asia and Pacific The UK and individual Asian and Pacific countries have a bilateral trade relationship. These countries present a variety of business opportunities, including basic and high-tech industry and services. Aid-funded trade also exists between these countries and the UK. The Asian and Pacific countries comprise of small islands and LDCs, including Bangladesh, and also major economies like China, Japan and India. Smaller but sophisticated economies like Australia, Taiwan, Malaysia and South Korea also exist in this region. Recently, bilateral government discussions were held between the UK andTaiwan, China, Australia, Malaysia, New Zealand and Korea. The UK, through the Commonwealth and the EU, also indulges in regular trade contacts with countries of the Asian and Pacific region. EU has region-to-region as well bilateral agreements with several Asian and Pacific countries. The most strengthened of these is with members (the Pacific island) of the Cotonou Agreement on Trade and A id. There are dialogues going on in this respect with China and Japan as well. Also, free trade agreements are currently being negotiated with the Association of South East Nations (ASEAN), Korea, and India. Aid and trade agreements are also being made with the Central Asian countries of the Caucasus. Through the EU, the UK also takes part in region-to-region co-operation in trade and consistent contacts with the Asia Pacific Economic Co-operation (APEC), ASEAN, and the Asia-Europe Meeting.

Summary of Iliad Book XVI the Death of Patroclus

This is a crucial book and a turning point because in it Zeus sits idly by knowing his son Sarpedon will be killed, and Achilles friend Patroclus is also killed. Zeus knows that the death of Patroclus will force Achilles to fight for the Greeks (Achaeans/Danaans/Argives). This will allow Zeus to fulfill his promise to Achilles mother, Thetis, to give glory to Achilles. While the fighting goes on around the ship of Protesilaus, Patroclus goes crying to Achilles. He says he is crying for the wounded Greeks, including Diomedes, Odysseus, Agamemnon, and Eurypylus. He prays that he may never be so cruel as Achilles. He asks that Achilles at least let him go to fight with the Myrmidons wearing Achilles armor so that the Trojans might mistake him for Achilles and strike fear into the Trojans and give the Greeks a respite. Achilles again explains his grudge against Agamemnon and his determination to keep his promise to rejoin the battle when it reached his own (50) ships, but now that the fight is so near, he will let Patroclus wear his armor to scare the Trojans and win honor for Achilles, and get Briseis and other gifts for Achilles. He asks Patroclus to drive the Trojans from the ships but no more or he will rob Achilles of his glory and will risk having one of the gods attack Patroclus. Ajax is holding his ground despite incredible odds, but it is finally too much for him. Hector comes upon Ajax and severs the point of his spear, thereby letting Ajax know the gods are with Hector, and it is time for him to retreat. This gives the Trojans the opportunity they need to throw fire at the ship. Achilles sees the burning and tells Patroclus to put on his armor while he gathers the Myrmidons. Achilles tells the men that now is the chance to let loose their pent-up rage against the Trojans. Leading them are Patroclus and Automedon. Achilles then uses a special cup to make an offering to Zeus. He asks Zeus to grant victory to Patroclus and let him return unharmed with his comrades. Zeus grants the part that makes Patroclus succeed in his mission of driving back the Trojans, but not the rest. Patroclus exhorts his followers to fight well to bring glory to Achilles so that Agamemnon will learn the error of not respecting the bravest of the Greeks. The Trojans assume that Achilles is leading the men and is now reconciled with Agamemnon, and since Achilles is fighting again, they are afraid. Patroclus kills the leader of the Paeonian (Trojan ally) horsemen, Pyraechmes, causing his followers to panic. He drives them from the ship and puts out the fire. While the Trojans fall back, the Greeks pour out of the ships in pursuit. It is not a rout since the Trojans continue to fight. Patroclus, Menelaus, Thrasymedes and Antilochus, and Ajax son of Oileus, and other chieftains kill Trojans. Ajax continues to try to assault Hector with a spear, which Hector dodges with his ox-hide shield. Then the Trojans fly and Patroclus pursues them. He cuts off the escape route of battalions near him and drives them back to the ships where he kills many. Sarpedon rebukes his Lycian troops into fighting the Greeks. Patroclus and Sarpedon rush at each other. Zeus looks on and says he would like to rescue Sarpedon. Hera says Sarpedon is fated to be killed by Patroclus and if Zeus steps in, the other gods will do likewise to save their favorites. Hera suggests instead that Zeus sweep him (once he is dead) from the field to Lycia for proper burial. Patroclus kills Sarpedons squire; Sarpedon aims at Patroclus, but his spear kills one of the Greeks horses. Two other horses of the chariot go wild until they are entangled in the reins, so Automedon cuts the dead horse away, so the chariot is once again fit for battle. Sarpedon throws another spear that misses Patroclus and Patroclus throws a return missile which kills Sarpedon. The Myrmidons gather Sarpedons horses. The remaining leader of the Lycians, Glaucus, prays to Apollo to heal the wound in his hand so he can fight along with the Lycians. Apollo does as asked so that the Lycians can go to fight for the body of Sarpedon. Glaucus tells Hector that Sarpedon has been killed and that Ares has done it using the spear of Patroclus. He asks Hector to help prevent the Myrmidons from stripping Sarpedons armor. Hector leads the Trojans to the body of Sarpedon and Patroclus cheers on the Greeks to strip and dishonor the body. The Trojans kill one of the Myrmidons, which enrages Patroclus. He kills Sthenelaus the son of Ithaemenes and the Trojans retreat, but then Glaucus recovers and kills the richest Myrmidon. Meriones kills a Trojan, priest of Zeus of Mt. Ida. Aeneas misses Meriones. The two taunt each other. Patroclus tells Meriones to fight and shut up. Zeus decided the Greeks should get the body of Sarpedon, so he makes Hector fearful, recognizing the gods have turned against him, so he flees on his chariot with the Trojans following. The Greeks strip the armor from Sarpedon. Then Zeus tells Apollo to take Sarpedon away, anoint him and give him to Death and Hypnos to take him back to Lycia for proper burial. Apollo obeys. Patroclus pursues the Trojans and Lycians instead of obeying Achilles. Patroclus kills Adrestus, Autonous, Echeclus, Perimus, Epistor, Melanippus, Elasus, Mulius, and Pylartes. Apollo now helps the Trojans, keeping Patroclus from breaking the walls of Troy. Apollo tells Patroclus it is not his lot to sack Troy. Patroclus draws back to avoid angering Apollo. Hector is inside the Scaean gates when Apollo, in the guise of a warrior named Asius, asks him why he has stopped fighting. He tells him to drive towards Patroclus. Hector ignores the other Greeks and goes straight to Patroclus. When Patroclus throws a stone, it hits Hectors charioteer Cebriones. Patroclus springs on the dead driver and Hector fights with him over the corpse. The other Greeks and Trojans fight, equally matched till nightfall when the Greeks grow strong enough to pull out the body of Cebriones. Patroclus kills 27 men, and then Apollo strikes him so that he grows dizzy, knocks the helmet from his head, breaks his spear, and makes his shield fall off. Euphorbus, son of Panthous, strikes Patroclus with a spear but does not kill him. Patroclus draws back within his men. Hector sees this move, advances, and putting a spear through Patroclus belly, kills him. Patroclus dying says to Hector that Zeus and Apollo have made Hector the victor, although he shares the mortal share of death with Euphorbus. Patroclus adds that Achilles will soon kill Hector. Next: Major Characters in Book XVI Patroclus - loyal friend and companion of Achilles in the Trojan War. The son of Menoetius.Achilles - best warrior and most heroic of the Greeks, although he is sitting out the war.Asius - a Phrygian leader and brother of Hecuba.Hector - champion of the Trojans and son of Priam.Sarpedon - king of Lycia, son of Zeus.Apollo - god of many attributes. Favors the Trojans.Iris - messenger goddess.Glaucus - a son of Antenor who was spared at the end of the Trojan War.Zeus - king of the gods. Zeus attempts neutrality.Known as Jupiter or Jove among the Romans and in some translations of the Iliad. Profiles of Some of the Major Olympian Gods Involved in the Trojan War HermesZeusAphroditeArtemisApolloAthenaHeraAres Summary and Main Characters of the Iliad Book I Summary and Main Characters of the Iliad Book VIII Summary and Main Characters of the Iliad Book X Summary and Main Characters of the Iliad Book XIII Summary and Main Characters of the Iliad Book XV Summary and Main Characters of the Iliad Book XXI Summary and Main Characters of the Iliad Book XXII Summary and Main Characters of the Iliad Book XXIII

Cultural Audit - Nike - 3149 Words

Nike’s Cultural Audit Today a shoe is more than something to protect and keep one’s feet warm, it is a fashion statement, an athletic enhancer, rebellion, status, and the ins and outs of coolness. Shoes, mainly athletic shoes have changed drastically throughout the years. From weight, size, look, and comfort ability, Nike has been the leading footwear company to develop and lead such a growing industry. Peter Hitchcock, the author of Oscillate Wildly, wrote, â€Å"The shoe is magical, within both the history of the commodity and the psychological compulsions of modern â€Å"man.† The shoe is the emblem of fetishism that links the commodity to desire. And the most magical shoe of all is the athletic shoe because it is simultaneously a†¦show more content†¦By the end of 1980 Nike completed its IPO and became a publicly traded company. During the mid-1980s, Nike lost its position as the industry leader, mainly in part because the â€Å"company had badly miscalculated on the aerobics boom† (About NIKE Inc.). In 1985 the debut of a new signature shoe for an NBA rookie, Michael Jordan, helped rocket Nike’s sales and publicity. In 1988 Nike created the tag line â€Å"Just do it.† Nike regained its position as the industry leader in 1989, making them the first and only company in the athletic footwear/apparel industry to ever accomplish this feat (About NIKE Inc.). In 1990 Nike declared Portland, Oreg on as its headquarters. Portland became home to the first â€Å"retail-as-theatre† experience called Niketown. 1994 brought the signing of several individual players from the future World Cup winning Brazilian National Team. The following year Nike signed the entire team and began to design the team’s uniform. Along with signing the Brazilian team, Nike also signed the men’s and women’s US soccer teams, as well as other teams around the world. In 1996 Nike Golf signed an upcoming young golfer by the name of Eldrick â€Å"Tiger† Woods. At first competitors criticized and laughed at Nike for signing such a young player, that all changed in 1997 when Tiger won the Masters by a record of twelve strokes. Nike also began investing in cyclists in the 1990s. Lance Armstrong was one of the cyclists who signed with Nike. After he wasShow MoreRelatedNike: The Sweatshop Debate Essay1195 Words   |  5 Pagespaper describes the legal, cultural, and et hical challenges that confronted the global business presented in the Nike sweatshop debate case study. The paper determines the various roles that the Vietnamese government played in this global business operation. This paper summarizes the strategic and operational challenges facing global managers illustrated in the Nike sweatshop case. 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Brand extensions can be a profitable business growth strategy by associating the new product with the existing strong brand that the company has developed.    For example, Nike started out as a running shoe manufacturer.    They built their brand equity by developing the brand elements of being memorable by: * Memorable amp; Meaningful - have a simple tag line of â€Å"just do it† was easy to remember and evoked an emotionRead MoreChild Labor As A Cultural Norm1604 Words   |  7 Pagescompanies use children to perform manufacturing duties— typically being paid in low wages. There are many different reasons and causes of child labor such as: poverty, globalization, and corruption. In some countries, however, child labor is considered a cultural norm. Although most prevalent in third-world and underdeveloped countries, it is perpetuated by the growing demand for manufactured products in countries such as our own. 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Memory and Brain Activity Essays - 2129 Words

Memory and Brain Activity Memory is the mental process of retaining and retrieving information such as facts, events, and experiences. Memory is not always accurate (Hunt, 2004). Memory errors are common and natural; they are the result of normal cognitive processes of comprehension and perception, which can cause interference about incoming information. There are two errors of remembering; forgetting an event that occurred and remember an event that never occurred or remembering it in a way different from how it occurred. Memories can be distorted, and one may have no awareness that the memory is distorted. This is false memory (Roediger, 2002). Prior Knowledges Effect on Memory False memories can be formed in many ways. Prior†¦show more content†¦The crime of stealing the purse was in fact committed by a man white man that was walking near the black man. This may because the woman has a racial bias to assume a black man is more likely to commit a crime than a white man is, so she may truly believe that she saw the black man commit the crime. Many studies have shown that collaboration causes an interference that produces more memories that are false but in a study but Ross, they concluded that collaboration has reduced the amount of false memories in both older and younger adults. Collaboration may cause more memories that are false because one may rely on others memories and those memories are of their perception of an event (Ross, 2008). A jury uses collaboration of evidence to determine a suspected criminals fate, collaboration may be a good or a bad thing when used in this context because the opinions of others influence ones own opinion and but in a positive note they can provide cues to help. It is possible to convince people that they have witnessed something that has not actually happened. 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Physical Privacy Rights in the Workplace Free Essays

Physical Privacy rights in the workplace As soon as you raise your right hand in the Military you lose many rights. Just to name a few; the right to wear your hair long; grow a beard and or a full mustache; the right to attend a political rally; the right to express your first amendment rights, and many others. There are some I agree with and some I don’t; never the less I support the military’s general reasoning. We will write a custom essay sample on Physical Privacy Rights in the Workplace or any similar topic only for you Order Now I support the right to privacy, and the military in most cases try to comply with the privacy of individuals. One is drug testing. We are human and I understand that some folks have weaker will than others. I have witnessed good men and women in the military lose their careers over the use of drugs. I agree with drug testing and everyone in the military should be drug free. There are many factors in my reasoning. There is espionage. Some may do anything for drugs; even give up their Government’s secrets. Safety is another factor; weather they work with weapons or machines the risk level is much higher with someone who is impaired. On another note I believe in the privacy of an individual that tests positive for drugs. The word always seems to get out to others. I agree that we can say to other Soldiers that an individual tested positive and will be dealt with legally, as a deterrent for others. But to have everyone know who the individual was and what drug they tested positive for is just wrong. In the past they use to ask what medications are you currently taking? That is a private matter of the individual. If the Soldier tests positive for a controlled substance that happens to be prescribed medication, all the Soldier needs to do is provide proof. Now they do not ask that question anymore. So they have yielded to the right of privacy in that perspective. They still need to work on the privacy for the ones that come up positive. There are many ongoing issues that spark controversy from time to time. Another is tattoos and body piercing. Now day’s tattoos and body piercing are more common then when I was growing up, especially with today’s youth. For them it’s like a sign of maturity. Even so that the Army and other Armed Forces have relaxed their entrance requirements and allow tattoos on forearms, necks, and legs. However, the Army will still not accept any gang related, or racist tattoos. If a Soldier is caught with any of these tattoos they will be discharged from the military. Body piercing also is prohibited. I see more new Soldiers with tattoos then I ever seen in my career. What does this do to us old timers? It makes us think that the old known â€Å"good order and discipline† is slowly fading. I see young male Soldiers with earring holes in their ears. I even caught a young Soldier wearing an earring on duty. I told him he had five seconds to take it off or else†¦ He complied. I believe that this is today’s norm, but is society slowly slipping too far? How about going to a lawyer’s office and seeing a lawyer with an earring and tattoo on his neck? I’ve seen lawyers with earrings before. But how professional is this? I personally would not like to be represented by someone like that. A judge may discriminate and it may cause someone to lose a case. Other issues are perception. Looking at someone with multiple tattoos may give people a bad first impression on an individual. These young Soldiers will someday leave the Army and look for a job. The tattoos may cause them a job. They can be highly qualified, but they are still subject to discrimination. When I see a young Soldier saying that he or she is going to get a tattoo, I tell them to think about it real well. Think of how it may affect their future. How to cite Physical Privacy Rights in the Workplace, Papers

Business Plan of Arrow Construction Company-Samples for Students

Question: Using knowledge gained from your first 4 weeks of lectures as well as wider reading and research, and stating any assumptions you consider necessary, develop a business plan for the Company. Answer: Introduction Business plan is necessary for every business. Arrow Construction is the construction company of Australia. It is important for the company to have the business plan for future growth. Arrow Construction Australia has been building for over 15 years. The mission of the company is to raise its capital into high level for sick children. Along with that it wants to make fresh thinking with powerful partnering for the growth of the business. The objective of Arrow construction is to enhance the market scope. It is expertise in construction, design management, partnership project management and project delivery. Arrow construction is able to handle situation because it has number of skilled employees and board of directors. It has accomplished many projects regarding education, hospitality, residential, apartments and old aged home. To survive in the construction company, business need to require more than knowing how to provide standard projects along with connection with key people that matter (Wong, Demertjis, Hardie and Lo, 2014). Company structure Arrow construction company intent starting small from Ron Anderson and Bob foster was co-founder of this company. In 1990, Arrow establishes its first project which was successful and after that Arrow started to establish its branch in Melbourne. It is the vision of the company of growing the business so that it becomes global business brand. To gain the vision, we just put our company in the path of progress and ensure that we recruit passionate and experienced employees at different levels. Arrow construction company ensures that we will make a group that will perform together to obtain the vision of company. We will build a right structure and process which will facilitate us for growth (Arrow Construction, 2017). Figure 1: Construction of education Source: (Arrow Construction, 2017). Strength of the Company Arrow construction company have experienced and loyal employees which is considered as the highly experienced management team. We served more than 10 years in construction industry which make us confident to take decision fast because our experience in this field is stronger. Our board of member and executive team are highly respected people of Australia who have served the Australia government in various capacities. We are able to deal with different projects. We have financial stability in which we can enter in to new projects as per requirements. We are specialist not only in one filed rather than number of field that is project management, education, design management, community, residential, community, retail, commercial and tourism. Weakness of the company Well the fact that we are not have so much employees in our company in comparison of other wide company. We have observed that a client thinks twice before involving in the contracts of construction to newbie in the industry. We are strong in financial condition but we do not have that much fund or investment to initiate new project on our basis. To grab the opportunity and investment in latest equipments, we require huge financial base. Opportunity of the company We have advantage in the form of vision, mission and business concept in the industry. We can start our business in all over the world. We can initiate new project because we are well established to perform not only with the state government but also with the highly repudiated sector of private. It would be opportunity for our company to enhance the number of employees who are skilled and capable. These steps can help us to think broader for the purpose of initiating new project (Gao and Low, 2014). Threat of the company There can be so many factors which can influence not only established company but also those companies that initiate its business newly. These factors can be policies of government, downturn of global economic and natural disasters which cannot be seen. These are the form of threats that we are likely going to face in the growth of our company in the place where our setup of company has effective appearance (Santos and Laczniak, 2015). Analysis of market Market trends It is the market trend of the company that it is always coming out with number of different procedures which help it to gain more within short span of time. It has been observed that the construction company is time consuming job majorly in the construction of enormous projects. The players of the construction industry are known about the policy of government that they are the biggest clients. Apart from that there is another trend of the construction company that is subletting of contracts. It is evident that construction enhances the power of leverage on their products and services to gain contracts and even in some cases after gaining the contract, they will more forward to sublet the contract to Construction Company which is smaller. It is done because smaller construction companies can give leverage on such opportunities so that it can appear itself. Targeted market The targeted market of our company covers not only the government sector but also organized private sector and people of various classes. We are providing efficient services to our clients and selling points in excellent manner and timely delivery of construction projects through use of best practices of global. To enhance the sales of our projects, we will start from local market, people and organization as well. We will initiate our business and offer new projects not only within Australias one state but also in all over Australia. Arrow Construction Company is known to deal with small scale projects. We will design our services specifically. These services will be designed for families, organization, education department, land owners, university campus, businessman and businesswoman, the government of the Australia, the government of other nations as well and for foreign investors who are interested to invest their money in certain property (Aghdaie and Alimardani, 2015). Figure 2: Australia Approval for new construction Source: (Gottliebsen, 2016) Competitive advantages It has been observed that there are number of construction companies and huge investors which deals in larger projects and who are well recognized in construction industry. It can be possible that we have to compete with them in the time to bid for contracts of juicy government. It can be challengeable condition for us, especially in highly organized market. Our competitive advantage is not limited (Sakas, Vlachos and Nasiopoulos, 2014). The board members of our company are highly respected professionals. They are the people who are eligible to handle the things appropriately. They know that how to treat in the condition and have the connections and experience as well to handle the situation with no struggle. It is indeed part for our company of competitive advantage that we bring to the market. Along with that there is one more positive factor with our company that Clive Appleton is the chairman Arrow construction company who served services in the Australia leading construction company ad gave contribution in the Perth Airport redevelopment and he was leading role to find the APN property group which has $2.4 billion of funds under management. He has the robust experience in this industry. He is playing a major role with other connections or people of the Arrow construction company to make company leading company in all over Australia. Sales and marketing strategy In our business plan we have defined our target market. We are able to grab the opportunities by adopting some of the winning formulas that will be helpful to use to win important construction industry. We know that to grow in construction industry, we need to take different marketing and sales strategies to make client for our projects. Arrow Company is known about the bureaucracy from the government that is having existence in bidding for only contracts of construction. It is undoubtedly that our team of marketing and sales would be hired as per their eligibility and experience in the construction industry. To achieve the aim and objectives of the company, we will provide the session of training which will be helpful to them to understand the company norms and objectives in depth. It is our goal to become lead company in globally. It can be achieved by sales and marketing team by ensuring that team is delivering on set targets (McGrath, 2013). Arrow Construction Company can adopt d ifferent strategies of sales and marketing such as leverage on the internet, promptness in bidding contracts, put the list of business in yellow pages and advertise our real estate site on websites Conclusion It has been concluded that Arrow Construction Company is established company which served its business in construction industry for so many years. Business plan has been made on Arrow Construction Company which reflected that Arrow Construction Company has the capability to enhance its business in wide manner. SWOT analysis of company has been made which defined the strength, weakness, opportunity and threats of the company. It has been observed that to grow in the business, plan is necessary and along with that there should be marketing and sales strategy which should be able to handle the situations appropriately. Arrow Construction Company has implemented marketing and sales strategy to develop its business. References Aghdaie, M.H. and Alimardani, M., 2015. Target market selection based on market segment evaluation: a multiple attribute decision making approach. International Journal of Operational Research, 24(3), pp.262-278. Arrow Construction, 2017, Arrow Construction, retrieved on 10 August 2017 from: https://arrowconstruction.com.au/about/people/board/#Moblie. Farris, P., Bendle, N., Pfeifer, P. and Reibstein, D., 2015,Marketing metrics: The manager's guide to measuring marketing performance, FT Press. Gao, S. and Low, S.P., 2014, The Last Planner System in China's construction industryA SWOT analysis on implementation, International Journal of Project Management,32(7), pp.1260-1272. Gottliebsen, R, 2016, The Australian business review, retrieved on 10th August 2017 from https://www.theaustralian.com.au/business/opinion/robert-gottliebsen/banks-exposed-to-looming-property-disaster/news-story/2924bce90be552d428b22bad9d6a2e91. Gummesson, E., Kuusela, H. and Nrvnen, E., 2014, Reinventing marketing strategy by recasting supplier/customer roles,Journal of Service Management,25(2), pp.228-240. Khalfan, M., Noor, M.A., Maqsood, T., Alshanbri, N. and Sagoo, A., 2015, Perceptions towards sustainable construction amongst construction contractors in state of Victoria, Australia, Journal of Economics, Business and Management, 3(10), pp.940-947. McGrath, R.G., 2013.The end of competitive advantage: How to keep your strategy moving as fast as your business. Harvard Business Review Press. Morden, T., 2016,Principles of strategic management, Routledge. Sakas, D., Vlachos, D. and Nasiopoulos, D., 2014, Modelling strategic management for the development of competitive advantage, based on technology,Journal of Systems and Information Technology,16(3), pp.187-209. Santos, N. and Laczniak, G., 2015, Marketing to the poor: A SWOT analysis of the Market Construction Model for engaging impoverished market segments, Social Business, 5(2). Wong, P.S., Demertjis, M., Hardie, M. and Lo, C.Y., 2014, The effect of unlearning on organisational learning behaviour and performance in construction contracting organizations,International Journal of Project Organisation and Management,6(3), pp.197-214

Taxation Laws The Modern Industries

Question: Describe about the Taxation Laws for The Modern Industries . Answer: Brief overview: The modern industries are dependent on each organisation for its external and internal market forces. This enables the manufacturer to produce goods and services in order to generate profit for economic development of a nation. Industries are in need of auxiliary and subsidiary firms to procure raw materials in order to produce their final product in the market. It is worth mentioning that the organisations work with the external and internal subsidiaries based on verbal and written contract by abiding with the rules and regulations of the company. Each organisations dealing in goods and services abide by the legal contract as on the event of any problems parties to the contract can negotiate with the terms and conditions in the court of law[1]. The current case study falls under the Taxation ruling TR 95/35 for treatment of compensatory receipts, as the parties to the contract Fast water Ltd and Neptune Ltd are the manufacturing companies. Fast water Ltd is the manufacturer of the speedboats whereas; Neptune is the supplier and manufacturer of engine and boat parts. Both companies entered into the contract for a term of ten years to supply the engine and boat parts. However, after few years of contract, Fast water Ltd cancelled the contract due to poor economic and market conditions. This lead Neptune Ltd to suffer monetary loss for non-performance of contract and subsequently filed a case against Fast water Ltd in the court of law[2]. A: Fast water Ltd formed a contract with the Neptune Ltd for supply of boat parts and engine with for a period of ten years. It was assumed with Neptune Ltd that it would account for 30% of sales to Fast water Ltd. However, with the change in the market environment and increased competitions Fast water decided lower the cost of manufacture of engine supplies thus, this lead to reduction in cost of production. The company incurred an expense of $1,500,000 so that it can invest in wide range of smooth and efficient running engines particularly one being Aqua blast. Inventing in such type of engines would be cost effective and also account for 40% of the sales. As stated under Section 5 of the Contract Law that any parties involved in any such agreement of supply of goods and service may enter the contract with the objective of performing trading activities within the geographical boundaries of country, which is enforceable in the court of laws [3]. If an amount of compensation is received by taxpayer is in accordance with the disposal of business contract than the amount received for would not be considered for any tax consequences. The companies in this case study entered into the contract with the contractual intentions to manifest their intentions in conformity with the legal relations to form an agreement under the expressed terms. Such terms are legally enforceable in the court of law forming a part of agreement under the contract law in order to abide by the rules of the contract law. If the amount of compensation received in regard to the permanent damages suffered, such amount represents recoupment of all parts of total acquisition cost of assets. Section 160 ZB (1) provides that compensation received from any wrong doing by an individual for his profession and business is exempted under the capital gains tax. Fast water Ltd when discovered that that they no longer need engines and boat parts from Neptune Ltd decided to prematurely end the contract leading to monetary loss for Neptune Ltd. Fast water premature end to Non-performance of Specific Contract is Breach of Statutory duties. In addition to this, Fast water did not notify Neptune Ltd regarding the termination of contract, which led Neptune Ltd to bring lawsuit against the company for non-performance of contract, which led to monetary loss. The court ruled Fast water guilty for non-performance of contract under the Law of Tort for its tortuous act leading to civil wrongdoing for causing someone to suffer monetary loss and harm. The court penalised Neptune for tortuous act and order to pay the compensatory loss of $800,000 to Neptune Ltd. The court ruled such claims for damages on non-performance of specific contract would be paid in two instalments[4]. Fast water Ltd on the other hand in the accounting year of 2016-17 also incurred expenses of 1,500,000 in the form of capital expenditure for the development of fuel-efficient engines to reduce the cost of manufacturing. However, the expenses incurred will not be included in the tax schedule of the company as because such an investment does not constitute any income or gains for the company. However, income derived because of sale of such components will constitute as an income under the sale of goods and service tax from the revenue derived. The company was anticipating that the new product would represent 40% of the sales and thus considerable amount invested by the company can be realised on sale of engines and parts of boat. Hence, it must be noted that 40% of the $1,500,000 will be considered for tax if the anticipation about sales comes true. However, the organisation prematurely ended the contract with Neptune Ltd leading to monetary loss. Section 766 of the Federal Laws state s the Price water was negligent in discharge of their duties which lead Fast water to file the lawsuit for their negligent act under article 101 and 102 of the Law of Tort. As it was held in case of Derry v Peek (1889) that the action of the parties to the contract were of tortuous intentions and it is enforceable in the court of law. Thus, Fast water had to pay the compensatory amount within the stipulated period. Fast water also incurred an expense of $75,000 in the form of legal fees to fight for the lawsuit brought against them. The total amount of expenses incurred by the Fast water Ltd amounted to 875,000 and this amount is liable to be taxed under ITAA 1997. To be more precise, Fast water Ltd has to face the legal consequences for Breach of Contract with Neptune Ltd as both the companies are governed under the contract law and such law is administered by the common law for consumer protection. The contract consists of the contractual agreement formed with the objective of performing commercial trade under the expressed terms of mutual agreement. The case study however highlights the fraudulent representations and misrepresentations for damages ar ising out of economic loss. The scope and content of the contract is mentioned in the legal agreement of the contract formed by both the parties where time and other specifications is clearly stated. The tort of deceit for inducement under the contract is similar to the Misrepresentation Act 1967[5]. Any non-performance of obligations will attract legal proceedings and any such actions are purported to be settled either through court or outside the court. The performance involved in this contract need to be sufficiently monitored from time after time and prior to the termination of contract in order to ensure that all the specifications are properly met. However, it should be noted that the contract law also provides remedies for breach of contract amid two parties and declares awards and settlements to protect the interest of the parties involved or affected. As stated under the Stiles v. White (1946) claim for damages can be claimed by employing majority rule for out of the pocket damages. Under the ITAA 1997 any compensation received or paid shall be liable to be exempted and compensation paid by Fastwater Ltd will be treated as exemptions from net taxable income under ITAA 19 36 Tax consequences: Particulars Principle Value Capital expenditure 1500000 Compensation received 800000 Add: Legal fees cost 75000 700000 Net capital loss 625000 Note: The loss suffered will be not be carried forward and hence such loss cannot be set off from any ordinary income. The loss suffered is exempted under the ITAA 1997 since such losses arise from the personal injury. B: Under the case study Neptune Ltd who is the supplier of the engines and boat parts to Fastwater anticipated that the contract formed with the Fastwater Ltd would account for 30% of its engine sales. However, on the event of premature end of end to the contract the Neptune Ltd had to suffer loss for its Tortuous Act since it manufactured its product in accordance with the demand from Fastwater Ltd [6]. The extra amount of produce would remain idle resulting in damage because of premature end to contract constituting breach of contract. As stated under Misrepresentation Act 1967 the contract formed had a binding period of ten years and abruptly ending of contract would affect the profitability scenario of Neptune Ltd [7]. I. Taxes on personal injury awards: The nominal value of compensation to be paid to Neptune is computed over the original period of the contract. The compensatory amount received from Fast water to Neptune Ltd on the orders received from the court would be considered as an ordinary income for the company. Under the given study, Neptune sued Fast water for causing personal injury and the damages received in the form of compensatory claim because of business loss is not included in the income. The money received from Fast water Ltd will not be taxed. It should be noted that the money received as a compensatory claim is not taxable irrespective of the amount received whether in lump sum or in instalments. As stated under Rule 2 of the ITAA 1997 if the defendants wrongful acts does not create an impact on the incidence of tax which is subjected to remoteness, the altered incidence of taxation is important in the assessment of damages. The rule states that such incidents may provide a ground of reduction, as the lost income would have been taxed for the Neptune Ltd however damages received would not be taxed under the rule. For instance, when an award made for damages includes compensation because of loss, which could have been taxable however, the damages received is not taxable. Such damages should be calculated because of net loss of income after an allowance for tax has been made which could have been paid. As it was stated in the case of Cullen v Trappell under ITAA 1997 reflects the incidence of income tax which the plaintiff would have earned was pertinent on the event of assessment of damages on account of loss earning capacity and had the effect of plummeting those damages aris ing from loss [8]. As mentioned in this case study, even though the loss was compensated on the ground of loss of income for Neptune Ltd however, it was treated as loss earning capacity. Rule 3 of the ITAA 1997 states that in order to assess whether the conduct of Fast water Ltd had the effect on the plaintiff liability of tax, it is compulsory to work out what the tax plaintiff would have paid but for defendant conduct what amount of damages should be paid on account of non-performance of contract. As the complexity involved in the provision of tax is difficult to operate on the tax environment in which they operate. II. Taxation for damages: The current case study involves certain number of concessions and numerous advantages pertaining to the value of capital gains rather than treating it as an ordinary income. Under the current case study Neptune Ltd is small business with active assets, the capital gains arising out of any business losses is reduced by substantial discount at the time of working out net capital gains. Alternatively it should be noted that tax court have suggested that different rule may apply to during the settlement of acquired legal claim. As stated in the Nahey v. Commr 196 F.3d 866 the taxpayer in this case acquired all the assets of the corporation on account of breach of contract relating to the installation of the new computer machine [9]. Hence, the damages or compensation received from Fastwater Ltd may arguably constitute, as an income because it involves periodic payments and does not comprises of payment in lump sum. Compensation because of loss of earning capacity may constitute as an income if the payment is considered as periodic and it is subjected to be a supplement to the payees income. Where the receipt is lump sum consisting of non-liquidated damages it can be advantageous for the Neptune Ltd to determine the tax considerations while making a payment for the accounting year of 2016-17[10]. Thus, the compensatory amount received by Neptune Ltd does not constitute any tax liability as it is a compensatory gains suffered on account of non-performance of contract. Reference List: Barker, Kit,The Law Of Torts In Australia(Oxford University Press, 2012) Cartwright, John,Misrepresentation, Mistake And Non-Disclosure Clark, E. Eugene et al,Commercial And Economic Law In Australia(Wolters Kluwer Law Business, 2015) Filler, Mark and James A DiGabriele,A Quantitative Approach To Commercial Damages(Wiley, 2012) Hood, Parker and John Virgo,Principles Of Lender Liability(Oxford University Press, 2012) Koziol, Helmut and Fiona Salter Townshend,Basic Questions Of Tort Law From A Germanic Perspective Meurkens, Lotte and Emily Nordin,The Power Of Punitive Damages(Intersentia, 2012) Miller, Nelson,The Practice Of Tort Law Morgan, James F,Business Law(BVT Publishing, 2012) Poole, Jill,Textbook On Contract Law(Oxford University Press, 2012) Roach, Lee,Card James' Business Law For Business, Accounting Finance Students Russo, Charles J,The Yearbook Of Education Law 2012(Education Law Assn, 2012) Schwenzer, Ingeborg H, Pascal Hachem and Christopher Kee,Global Sales And Contract Law(Oxford University Press, 2012) Shapo, Marshall S,An Injury Law Constitution Stewart, Pamela and Anita Stuhmcke,Australian Principles Of Tort Law(The Federation Press, 2012) Weissbrodt, David S, Mary Patricia Byrn and Donald Marshall,The Common Law Process Of Torts(LexisNexis, 2012)