Pestle Analysis for Singapore Supermarket - 1011 Words

Issue | Impact on Business | Political | * To facilitate the take-off of e-commerce in Singapore, the Government has been putting in place a supportive legal and policy framework. For example, the Electronic Transaction Act, passed in Jul 98, provides a favourable legal environment for safe and secure e-transactions. * The government provides direct subsidies and fiscal incentives to support companies embarking on e-commerce initiatives. One example of a direct subsidy program introduced is the eBusiness Industry Development Scheme (eBIDS), aimed at encouraging companies that already have existing e-commerce capabilities to further expand the scale and scope of their e-commerce activities. eBIDS cofunds companies’ investment in†¦show more content†¦By most indicators, Singapore has also achieved among the highest rates of penetration of ICT and Internet usage in Asia, reaching levels comparable to the United States and Scandinavian countries in some cases. | * S hopping online on a one-stop shop for your daily necessities and groceries will provide more convenience for people in general and more importantly the elderly, who have less energy to shop outside at physical stores. Providing a timely delivery service together with an accommodating range of products beyond just food and beverage could prove very lucrative by tapping into a potentially new market. We can promote healthy options or organic variants for food categories and offer discounts to cater to and target the health conscious segment of the market. * E-grocery shopping will become an increasingly attractive option for those without cars due to its sheer convenience and the increasing proliferation of the internet among general consumers. | Environmental | * Corporate social responsibility is one of the key agendas in the government s efforts to brand our country as Sustainable Singapore . Sustainable development for Singapore moving forward together as an individual or a c ompany is defined as: * As efficient: we develop with less resources and waste * As clean: we develop without polluting our environment * As green: we develop while preserving greenery, waterways and our natural heritage *Show MoreRelatedPestle Analysis Essay example2031 Words   |  9 Pages1. Introduction to the assignment and summary of the selected business. This assignment is about the factors that influences the business environment in different ways. This is about environmental analysis which is dynamic process that comprises scanning, monitoring, disseminating and forecasting. There are different factors which influences the business in 21st century. Somehow these factors have impact on the business in favour of the business and sometimes have an adverseRead MoreStrategic Management - Eu Yan Sang Case Study8311 Words   |  34 Pages1. Past Performance Assessment 6 4. EXTERNAL ANALYSIS 7 4.1. Political 7 4.2. Economic 8 4.3. Social 8 4.4. Technological 8 4.5. Legal 9 4.6. Environmental 9 4.7. Conclusion of PESTLE Analysis 10 5. INTERNAL ANALYSIS 10 5.1. SWOT Anal ysis on Eu Yan Sang 10 5.2. Conclusion of SWOT Analysis 11 6. INDUSTRY ANALYSIS 13 6.1. Key Success Factors 13 6.2. Michael Porter’s Generic and 5 Forces Analysis 15 6.3. Michael Porter’s 5 Forces Analysis 15 6.4. 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Acct 559 Quiz 1 Solution Free Essays

Quiz I (Chapters 1and 2) Date: Name: ID: Answer the following Questions: 1. Tower Inc. owns 30% of Yale Co. We will write a custom essay sample on Acct 559 Quiz 1 Solution or any similar topic only for you Order Now and applies the equity method. During the current year, Tower bought inventory costing $66,000 and then sold it to Yale for $120,000. At year-end, only $24,000 of merchandise was still being held by Yale. What amount of inter-company inventory profit must be deferred by Tower? A. $6,480 B. $3,240 C. $10,800 D. $16,200 E. $6,610 2. All of the following statements regarding the investment account using the equity method are true except A. The investment is recorded at cost B.Dividends received are reported as revenue C. Net income of investee increases the investment account D. Dividends received reduce the investment account E. Amortization of fair value over cost reduces the investment account 3. After allocating cost in excess of book value, which asset or liability would not be amortized over a useful life? A. Cost of goods sold B. Property, plant, equipment C. Patents D. Goodwill E. Bonds payable 4. A company should always use the equity method to account for an investment if A. it has the ability to exercise significant influence over the operating policies of the investee. B. it owns 30% of another company’s stock. C. it has a controlling interest (more than 50%) of another company’s stock. D. the investment was made primarily to earn a return on excess cash. E. it does not have the ability to exercise significant influence over the operating policies of the investee. 5. An upstream sale of inventory is a sale A. between subsidiaries owned by a common parent. B. with the transfer of goods scheduled by contract to occur on a specified future date. C. in which the goods are physically transported by boat from a subsidiary to its parent. D. ade by the investor to the investee. E. made by the investee to the investor. 6. In a situation where the investor exercises significant influence over the investee, which of the following entries is not actually posted to the books of the investor? 1) Debit to the Investment account and a Credit to the Equity in Investee Income account. 2) Debit to Cash (for dividends received from the investee) and a Credit to Dividend Revenue. 3) Debit to Cash (for dividends received from the investee) and a Credit to the Investment account. A. Entries 1 and 2 B. Entries 2 and 3 C. Entry 1 only D. Entry 2 only E. Entry 3 only 7. All of the following statements regarding the investment account using the equity method are true except A. The investment is recorded at cost B. Dividends received are reported as revenue C. Net income of investee increases the investment account D. Dividends received reduce the investment account E. Amortization of fair value over cost reduces the investment account 8. A company has been using the fair-value method to account for its investment. The company now has the ability to significantly control the investee and the equity method has been deemed appropriate. Which of the following statements is true? A. A cumulative effect change in accounting principle must occur B. A prospective change in accounting principle must occur C. A retrospective change in accounting principle must occur D. The investor will not receive future dividends from the investee E. Future dividends will continue to be recorded as revenue 9. A company has been using the equity method to account for its investment. The company sells shares and does not continue to have significant control. Which of the following statements is true? A. A cumulative effect change in accounting principle must occur B. A prospective change in accounting principle must occur C. A retrospective change in accounting principle must occur D. The investor will not receive future dividends from the investee E. Future dividends will continue to reduce the investment account 10. After allocating cost in excess of book value, which asset or liability would not be amortized over a useful life? A. Cost of goods sold B. Property, plant, equipment C. Patents D. Goodwill E. Bonds payable 11. How are stock issuance costs and direct combination costs treated in a business combination which is accounted for as an acquisition when the subsidiary will retain its incorporation? A. Stock issuance costs are a part of the acquisition costs and the direct combination costs are expensed B. Direct combination costs are a part of the acquisition costs and the stock issuance costs are a reduction to additional paid-in capital C. Direct combination costs are expensed and stock issuance costs are a reduction to additional paid-in capital D. Both are treated as part of the acquisition price E. Both are treated as a reduction to additional paid-in capital 12. Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporation. Entries for the consolidation of Lisa and Victoria would be recorded in A. A worksheet B. Lisa’s general journal C. Victoria’s general journal D. Victoria’s secret consolidation journal E. The general journals of both companies 13. At the date of an acquisition which is not a bargain purchase, the acquisition method A. Consolidates the subsidiary’s assets at fair value and the liabilities at book value B. Consolidates all subsidiary assets and liabilities at book value C. Consolidates all subsidiary assets and liabilities at fair value D. Consolidates current assets and liabilities at book value, long-term assets and liabilities at fair value E. Consolidates the subsidiary’s assets at book value and the liabilities at fair value 14. Which of the following statements is true regarding a statutory consolidation? A. The original companies dissolve while remaining as separate divisions of a newly created company B. Both companies remain in existence as legal corporations with one corporation now a subsidiary of the acquiring company C. The acquired company dissolves as a separate corporation and becomes a division of the acquiring company D. The acquiring company acquires the stock of the acquired company as an investment E. A statutory consolidation is no longer a legal option 15. In a transaction accounted for using the purchase method where cost is less than fair value which statement is true? A. Negative goodwill is recorded B. A deferred credit is recorded C. Long-term assets of the acquired company are reduced in proportion to their fair values. Any excess is recorded as a deferred credit D.Long-term assets of the acquired company are reduced in proportion to their fair values. Any excess is recorded as an extraordinary gain E. Long-term assets and liabilities of the acquired company are reduced in proportion to their fair values. Any excess is recorded as an extraordinary gain 16. In a purchase or acquisition where control is achieved, how would the land accounts of the parent and the land accounts of the subsidiary be combined? A. Entry A B. Entry B C. Entry C D. Entry D E. Entry E 17. In a pooling of interests, A. Revenues and expenses are consolidated for the entire fiscal year, even if the combination occurred late in the year B. Goodwill may be recognized C. Consolidation is accomplished using the fair values of both companies D. The transactions may involve the exchange of preferred stock or debt securities as well as common stock E. The transaction is properly regarded as an acquisition of one company by another Prior to being united in a business combination, Botkins Inc. and Volkerson Corp. had the following stockholders’ equity figures: Botkins issued 56,000 new shares of its common stock valued at $3. 5 per share for all of the outstanding stock of Volkerson. 18. Assume that Botkins acquired Volkerson as a purchase combination. Immediately afterwards, what are consolidated Additional Paid-In Capital and Retained Earnings, respectively? A. $133,000 and $360,000 B. $236,000 and $360,000 C. $130,000 and $360,000 D. $236,000 and $490,000 E. $133,000 and $490,000 19. Assume that Botkins and Volkerson were being joined in a pooling of interests and this occurred on January 1, 2000, using the same values given. Immediately afterwards, what is consolidated Additional Paid-In Capital? A. 138,000 B. $266,000 C. $130,000 D. $236,000 E. $135,000 20. Chapel Hill Company had common stock of $350,000 and retained earnings of $490,000. Blue Town Inc. had common stock of $700,000 and retained earnings of $980,000. On January 1, 2009, Blue Town issued 34,000 shares of common stock with a $12 par value and a $35 fair value for all of Chapel Hill Company’s outstanding common stock. This combination was accounted for as an acquisition. Immediately after the combination, what was the consolidated net assets? A. $2,520,000 B. $1,190,000 C. $1,680,000 D. $2,870,000 E. $2,030,000 How to cite Acct 559 Quiz 1 Solution, Essay examples

Global Branding

Question: Describe about the the process of global brand strategy development and regional implementation? Answer: The present article focuses on a recent topic on international marketing. As companies are using the advantage of globalization, global branding has become very popular form of marketing. The organizations are implementing best practices to make their brands alluring to the customers. It is important for the organization to formulate a particular strategy of global branding for the success of the particular brand (Moran, 2013). It is important for the organizations to have coordination between the home and host country in order to make a larger impact on the target audience. The impact of the similarity of the home and host country on the performance of the organization has been debated for a long period of time. The findings from the debate have been inconclusive. But many authors have concluded that the global performance of the small and medium sized firms depends on the strategic fit between its exploration and exploitation strategies which largely depends on the choice of the ho st country. The similarity between the home country and the host country has positive impact on the growth of the firm. The international performance of the home county depends on its strategic fit with the host country. The exploitation strategy has a positive impact on the performance of the home and host country. However it is seen that the exploration strategy has a negative impact on the International performance of the SMEs. Apart from the exploration and the exploitation strategies there are various factors that lead to the international success of the small and medium sized firms (Matanda Ewing, 2012). With globalization there has been convergence of the preferences of the consumers. This has increased the preference of the consumers to search for effective ways in which their product can make a position in the world wide competitive market. It is imperative for the organizations to use global branding strategies for the success of their business in order to maintain their profit margin. Co-ordination between the home and host countries is one of the important criteria for the success of the global branding (Hbswk.hbs.edu, 2015). In case of multinational organizations, the home countries should have a dynamic, interactive working relationship with the host country. The investment policies of the home country in global branding are affected by the international trade and industrial conditions. The socio political forces also affect the working relationship with the host country (Sinkovics Ghauri, 2009). In regard to this the OECD countries has taken several measures to break down the barriers between the home country and the host country. The policy in the host country is shaped by a number of domestic, political and market forces of the host country. In addition to the socio-political and the market forces, the internal climate affects the regulation and the market approach that is implemented by the host country. The interaction of the home and host country is predicated on the contingencies that are faced by both the parties (Ronkainen Czinkota, 2002). The success of global branding is possible is possible by ensuring strategic fit between the home and host country can be implemented using the Colemans classical formulation as the function of the parties mutual interest and control over the MNCs domestic production. The home country invests in the host country if it receives the following advantages in the host country. They are The host country should be able to offer employment and tax benefits. The host country will share the foreign trade or replacement of imports. The host country must be able to contribute to the domestic economic growth of the country. The available alternatives of the host country can be explored by the home country. The evaluation of the alternatives can be done by the comparison of the various alternatives. When the various companies in the host country offers comparable alternatives then the home country has less interest in starting business with the host country. Global branding has been used by various companies across multiple geographies for the expansion of the business. But global branding is subjected to regulatory policies of the host country. The control of the operation by the host country will also depend on the available alternatives of the home country. Competition among the various global brands has been profound (Holt, Quelch Taylor, 2004). The laws and regulation of the host country to control the operation exercised by the home country is known as the regulation policy. In exercising the regulation policies, the Government plays a major role. The market policy depends on the policies formulated by the Government. The intervention of the Government can also be characterized by the offensive defensive continuum. The offensive policy aims at maximizing the total national intake. The term total national intake is not restricted to the amount of taxes. It also includes other factors like the number of employees involved, transfer of new technology and stimulates the economic growth of the host country via exports (Zou Fu, 2011). There are various short run changes in the strategic position as a result of the offensive policy (Topics.nytimes.com, 2015). On the other hand, the defensive policies of the host countries are unpredictable and discontinuous in nature. The government of the host country undertakes defensive policies on the basis of the spectacular events like accidents in the industry, international tax manipulations and corruption that results in political reaction from the Government operating in the host country. The defensive policy is fundamentally non intervention policy (Brady, 2010).The companies like KFC , Mc Donalds , Pizza Hut , Dominos , LOreal , Lenovo has been successful worldwide by using effective strategies of branding that has converged the audiences and brought them to a single platform(The Economist, 2012). Globalization has opened up various avenues of the business worldwide and global branding has been one of the significant ways for the success of the business of the organization. References Brady, D. (2010). Essentials of international marketing. Armonk, NY: M.E. Sharpe. Hbswk.hbs.edu,. (2015). Articles About Marketing: Brand Management HBS Working Knowledge. Retrieved 4 February 2015, from https://hbswk.hbs.edu/topics/brandmanagement.html Holt, D., Quelch, J., Taylor, E. (2004). How Global Brands Compete. Harvard Business Review. Retrieved 4 February 2015, from https://hbr.org/2004/09/how-global-brands-compete Matanda, T., Ewing, M. (2012). The process of global brand strategy development and regional implementation. International Journal Of Research In Marketing, 29(1), 5-12. doi:10.1016/j.ijresmar.2011.11.002 Moran, G. (2013). 5 Strategies to Build a Global Brand. Entrepreneur. Retrieved 4 February 2015, from https://www.entrepreneur.com/article/226554 Ronkainen, I., Czinkota, M. (2002). Best practices in international marketing. Fort Worth: Harcourt College Publishers. Sinkovics, R., Ghauri, P. (2009). New challenges to international marketing. Bingley: Emerald Jai. The Economist,. (2012). Brand new. Retrieved 4 February 2015, from https://www.economist.com/node/21559894 Topics.nytimes.com,. (2015). International Trade and World Market (Trade Disputes). Retrieved 4 February 2015, from https://topics.nytimes.com/top/reference/timestopics/subjects/i/international_trade_and_world_market/index.html Zou, S., Fu, H. (2011). International marketing. Bingley: Emerald.