In the politics world the Strict censorship policies have threatened Amazon by the growth in China. Amazon willing to reach out to China, but several times before has been affected by Google and blocked by China. In the political of the government in other countries’ the laws should enforce to protect the privacy of internet users. Some countries have no protection for internet users and can result in financial debt(Adamkasi,2015). Economic
This shows that they have violated several accounting laws, bent the accounting rules so that they can satisfy their own desires of profit in the short term however they have neglected the consequences that would come after their investors, stockholders, employees and the itself. When this case was found out, other accounting firms had blamed the accountants of Enron for the scandal in hiding the claim of the mischief. The relationships that Enron had with Arthur Anderson, Enron’s auditor and consultant, had made it too easy for them to collaborate together in covering up financial losses and debt. Anderson was responsible for some of Enron’s internal accounting control thus this made some of Anderson’s employees leave to work for Enron and as a result of this, many of the losses Enron encountered were not reported in its financial statements. However, after a series of irregular accounting procedures and was revealed that their profits and revenue were the result of certain ‘deals’ with other companies, Enron has started to plunge and in November 2001, it is been told that the company was undergoing the largest bankruptcy in U.S
Amazon PESTEL Analysis Political Governmental policies are different among countries dealing with e-commerce. Amazon must adapt and must be flexible according to the country it is operating in. Even if Amazon is the leader in the sector, the giant has to face regulation and tax in certain country. It is the case in India for example where there is a red tape and other regulatory issues for company trying to penetrate the country. European Union also started to regulate the American technological firms by imposing more tax to companies like Google, Facebook and Amazon.
Asda can take this opportunity to cater to the global market as well with their online presence. Marketline (2014). 7.1.4 THREATS: One of the biggest threat for the ASDA is the low purchasing power of its customers .This has further been affected by growing inflation and reduce in public spending. By January 2013 2.52 million people were unemployed in the United Kingdom. Increase in taxes has resulted in consumers being very cautious in their spending.
The concept of dumping is considered to be fair because it is very well recognized that producers may sell their goods in different markets at different prices which will be influenced by several other market forces and may vary at different times. 1.5 ANTI DUMPING Moving on as to what is anti-dumping, it can be fined as a safeguarding device available to the states against inconsistencies which are associated with the free trade. In the recent years a large number countries have become frequent users of anti-dumping. Many of the heaviest anti-dumping users are countries who did not even have an anti- dumping statute a decade ago . The present study mainly focuses in Anti Dumping Laws.
In the earlier industrial era, political powers are sufficient enough to suppress their economic powers since governments were able to regulate their national economies. Business Ethics concerns are vast in today’s business environment and the firms are trying to achieve their maximum through various measures including Corporate Social Responsibility. Increasing investment on CSR can solve new Institutional Economics problems such as Information Asymmetry. Nowadays the consumers are informed and use the information to weld the power over firms and
They can provide income to the government in the form of heavy taxes they pay (Bacchiega, 2011). 9. Disadvantages of Monopoly Disadvantages include the carrying out of services in such a way that it sets poor standards. It exploits the demands of the consumer. Usually, what happen is that product formed by the monopoly is not formed by any other company and hence the customer has to decide between quality and pricing.
Tax payers evade taxes by manipulating accounts to give incorrect information about their incomes It causes inconvenience Direct taxes tend to be inconvenient as they involve some procedures in the filing in of the returns. Payment of direct taxes is painful to tax payers as they give some of their income as tax They are not imposed on all The tax imposition is imbalanced sectors such as the corporate sector tend s to be taxed heavily whereas sectors such as the agricultural sector is free of taxes They are arbitrary Direct taxes have no basis on which they are determined. If they are progressive, their rates have to be fixed in an arbitrary manner and if they are proportional, the burden is heavy mostly on the
In this case if there was effective corporate governance then discrepancies of the leasing and fraudulent action would have been picked up earlier and the governing system would make sure that the business upholds its policies and maintains the values it stands for. Economic Factors. Economic factors include the governing authority of the country of which the business is forced to adhere to policies, laws and regulations. Our article is basically dealing with our ailing economy which was caused by uninformed decisions by our president to appoint a new finance minister. The decision to do this has caused investors and stakeholders to lose their trust in our president because such decisions must be accounted for and logically dealt with.
An example of political unrest being the rand performing worse when the minister of finance was changed few times during a short space of time, and investors losing confidence in south Africa as a country of safe, viable and profitable investment entity (d) Technological – Automated tilling systems, tap and go debit and credit card facilities are talking over. Due to social media and other trends, customers want to be able to shop easily using these kids of methods to simply their shopping experience. (e) Legal factors – The POPI act affect the way Mega can communicate with our customers, such as the use of information we gather through the loyalty cards and SPAR reward databases. (f) Social – Customers now have social media to voice their pleasure or displeasure of shopping at Mega. They can check other people’s opinions or experience that they received at the store.