Impact Of Globalization On The Supermarket Tesco - 2245 Words

Globalization Dynamic Business Environment Harriet Elizabeth Farrow 14007895 Word Count: 1974 ‘Explain the meaning of globalization and discuss critically, illustrating with examples, the impact globalization has had on a country, industry, or business of your choice.’ Globalization is not a new concept. It was first used in the 1970’s; however in recent years it has started to accelerate dramatically. Technological advancements, improved communications and the liberalization of trade have all contributed to increased globalization (BBC News, No Date]. The purpose of this essay is to explain the meaning of globalization, discuss the influence of globalization on the supermarket Tesco, and analyse the effects it has on the developing world. This essay will refer to Tesco, explaining the impacts that globalization has on their business. Globalization is difficult to simply define due to the variety of changing definitions that have been established over previous decades. Hamilton and Webster (2012) suggest that globalization is the connection between nations, defining globalization as a process in which barriers are reduced in order to encourage exchanges between countries. This view proposes that globalization refers very much so to the trade barriers and the improved communications between countries in order to ensure the world is unified. Globalization increases economic activity across the world and opens up markets for foreign investment.Show MoreRelated(a) Threat of New Entrants and Substitutes for Tesco1258 Words   |  6 Pagesdecision making enables an organisation to relate to its global business environment. 4. Critically evaluate and monitor the business mission, objectives and policies of international organisations. 5. Use critical reflective skills to reflect on the impact of their understanding on the problem solving process The assignment will be internally moderated by: John Dixon-Dawson Please note: 1. All work must adhere to the University regulations on ‘Cheating, Collusion and Plagiarism’ which areRead MoreWinners and Losers in a Consumer Society Essay1681 Words   |  7 Pagesgrant supermarkets play a role in a consumer society as a winner. The main body: Paragraph 2 Introducing and define Mr Iygumnt Bauman ´s The seduced and repressed group division in a consumer society. What does he mean and who are those as he discribe as the seduced Paragraph 3 What does he mean and who are those as Bauman ´s discribe as the repressed. And a summeried for both. Paragraph 4 Introducing and by using the postive sum and zero sum define the grant supermarkets roleRead MoreTesco and Globalization Essay2147 Words   |  9 Pagesimproving their organizations’ performance and value creation. 2.0 Application 2.1 Tesco and Globalization Tesco is among the largest food retailers in the world with revenue in excess of  £54 billion in 2009 and employing over 470,000 people. They operate approximately 4,331 stores in 14 countries around the world. Tesco was founded in 1919 and launched its first store in Edgware, London, UK in 1929. Tesco provides online services through its subsidiary, Tesco.com. The UK is the companys largestRead MoreUk Supermarket2047 Words   |  9 PagesINTRODUCTION â€Å"Today’s strange, new business world needs an augmented model of industry and market analysis that reflects recent developments in industry dynamics, such as globalization, entrepreneurship, technological advances and the internet† (Slater Olson, 2002). 2.0 PORTERS FIVE FORCES MODEL FOR UK SUPERMARKET INDUSTRY Supermarkets’ performance is reliant on consumer’s income and their willingness to spend. The growing consumer pressure to drive value, quality and taste requires companies withRead MoreTesco Lotus in Thailand3770 Words   |  16 Pagesmentioned above information, Tesco PLC is one of the best examples of hypermarket that has a reputation in selling low cost of products with high quality. The excellent strategies and operation processes they perform in both domestic and global represent the efficient multinational corporations that I would like to present in this paper. In summary, due to the increasingly international convenience store of Tesco PLC in the chain of a hypermarket operation, I would select Tesco Thailand in specific threeRead MoreStrategic Development in Global Food Retail3706 Words   |  15 PagesCase Study – Strategy Development in the Global Food Retail Supermarket Industry Introduction In order to develop a global strategy, the deep understanding of the term ‘globalization’ is very important for every company. Globalisation: The globalization increases the mobility of goods. Globalization is a term describing different complex ideological, political, environmental and cultural forces as one world. During World War II, the national boundaries got faded and financial markets, informationRead MoreCorporations And Corporate Social Responsibility1140 Words   |  5 Pages(King and Lawley, 2013). Additionally, the definition of stakeholders are individuals or groups which affected by an organization and have an interest in its activities (Freeman, 1984). Moreover, Starik (1994) stated that those who potentially have impact on an organization may also is a stakeholder. However, according to Lynch (2006) argued that when a corporation involve many stakeholders, they will easily conflict with each other. And as manager at the central part of corporation, they may in aRead MoreEssay on Tesco Csr Responsibilities2160 Words   |  9 Pagesidentify these issues, you should read not only corporate reports and the company’s website, but also media reports and any research papers that offer commentary on both the company’s activities and its significant social and environmental impacts. Part Two: Critically evaluate the nature and degree of the company’s responsibilities in relation to each issue. To do so, arguments should explicitly draw upon the theories outlined in class – e.g. the various ethical theories, institutionalRead MoreThe Causes and Effects of Global Recession.3720 Words   |  15 PagesINTRODUCTION Here a definition a recession as well a global recession is mentioned. Some causes and effects has been listed. Due to recession occurring, I have identified the effects of recession based on Tesco. The causes and effects of global recession. Global financial crisis, increasing for a while, began to show its results in the mid of 2007 into 2008. Worldwide stock markets have subsided, financial institutions have dropped and governments in even the richest nations have had toRead MoreEssay Analysis of U.K Supermarket Development Strategy3555 Words   |  15 PagesPart one: Supermarket retail industry introduction Effective strategy is developed first by identifying and understanding the implications of the changing events in the business environment. Many of the events occurring currently have a wide international impact, and they may be seen to be influencing the results and responses of large supermarket retailers. The changes, or issues, that we see as important from a strategic planning perspective are: #61548; The growth of global companies #61548;

An Analysis of Bram Stokers Dracula - 885 Words

Bram Stoker’s Dracula is the story about how the small company of men and a woman lead by Professor Abraham Van Helsing combats against Count Dracula, who moves from Transylvania to England in order to manipulate people as â€Å"foul things of the night like him, without heart or conscience, preying on the bodies and the souls of those [they] love best† (223). Stoker employs an epistolary format in this novel and nowadays, Dracula becomes one of popular literary works representing epistolary novels written in the nineteenth century. The term â€Å"epistolary novels† refers to the novels composed of different types of documents, such as journals, letters, newspaper clippings and so forth. One of the effects created by using an epistolary format is†¦show more content†¦As Jonathan is placed in such an isolated location without interaction with anyone except Dracula, Jonathan does not have many methods to reveal his emotions and thoughts; therefore, he keep s writing his journals in order to record the experiences he had, but also to convey his inner state while he was staying at Dracula’s castle. Also, Jonathan’s passage reveals that his habit of writing a journal functions as a temporary remedy to alleviate his uneasiness: â€Å"For now, feeling as though my own brain were unhinged or as if the shock had come which must end in its undoing, I turn to my diary for repose. The habit of entering [journals] accurately must help to soothe me† (33). The tension derived from Jonathan’s anxiety for his safety maximizes in his journal written on 29 June and 30 June. In Jonathan’s journal written on 29 June, he eavesdrops on the conversation between Dracula and three vampire women and recognizes that the following day is his last day of being as a human. He decides to crawl down the castle wall to go home and leaves farewell to Mina and others at the end of his journal. Later chapters focus on other characters in the story and Jonathan’s trace is unrevealed until the end of Chapter 8, 19 August in Mina’s journal (93) and the date of Mina’s first letter sending to Lucy Westernra is 9 May—few days after Jonathan’s arrival at Dracula’s castle. These immediate changes in the setting from TransylvaniaShow MoreRelatedPsychoanalytical Analysis of Bram Stokers Dracula1790 Words   |  8 PagesCarlos Dena Honors English 11 5/20/13 Critical Analysis on Dracula With several illicit subjects listed throughout Bram Stoker’s Dracula, the book becomes a playground for psychoanalysts. Whether it be to see a subjects as simple as the conscious take over a character, or a character’s surroundings corrupting its victims, Dracula intrigues in more ways than just its vampiristic features. The following is a psychoanalytic study with a focus on vampirism imitating sexual practice and drug usage todayRead MoreAnalysis Of Bram Stokers Dracula2059 Words   |  9 PagesVoluptuous Vampire or Proper Prude Written and set in the late 19th century, Bram Stoker’s epistolary novel Dracula is a pivotal book in gothic/horror literature. Like most novels written by men, Dracula appeals more to the male audience and their fantasies and fears about women than to the Victorian Age woman. In the novel, Lucy and Mina are the only two female characters the reader meets in detail, and they are also the only two characters that are seen becoming vampires – indeed, they are theRead MoreAnalysis of Bram Stokers Dracula672 Words   |  3 Pagesï » ¿DRACULA BY BRAM STOKER The epistolary form of the novel consists of a narrative based on letters, diary entries, newspaper clippings and other documentary records. It helps to bring realism into the narrative by lacing it with personal and historical references. It helps to add believability by incorporating a variety of perspectives on the events and characters in the novel. This form works for Dracula because the log of the ship captain and the diary entries of Jonathan Harker provide personalRead MoreDracula Seen in New Eyes760 Words   |  3 PagesDracula Seen in New Eyes Dracula by Bram Stoker which is written in the style of journal entries, newspaper clippings, and other forms of personal narratives from various characters, and their viewpoints of the peculiar events surrounding them. There are many interpretations of this novel, many different viewpoints on the themes of the novel. Carol Senf, wrote an essay called Dracula: The Unseen Face in the Mirror. In this interpretation, there are many different viewpoints and ideas about DraculaRead MoreDracula, By Bram Stoker1166 Words   |  5 PagesThe story of Dracula is well documented and has stood the test of time since it’s Victorian age creation. More times than not, literature writings are a reflection of the era from which they are produced. In the case of Dracula, Vampire literature expresses the fears of a society. Which leads me to the topic I chose to review: sexuality. The Victorian Era was viewed as a period diluted in intense sexual repression and I believe that Dracula effectivel y exploited this as the fear of sexuality wasRead MoreA Vampire’s Touch: Exploring Sexual Nature in Dracula926 Words   |  4 Pagesthe ancient ladies’ room† (416). Yu and Kuzmanovic clearly show that Jonathan is like any typical man fighting to control his sexual desires. Thus, the majority of men can relate to what Jonathan is experiencing. In the midst of his stay at Castle Dracula, Jonathan discovers Catholicism’s power to control his sexual desires. At the beginning of the novel, Jonathan has absolutely no association with Catholic practices. When the old woman first offers him the crucifix he â€Å"did not know what to do †¦ asRead MoreDracula Extension Speech1098 Words   |  5 PagesFrom the ability to change physical form to a blood-thirsty nature society has always been morbidly fascinated with the concept of Dracula. It has not only seduced literature such as Bram Stoker’s Dracula but also infected mainstream music and film industries. Many composers have expanded and appropriated much of the vampire genre such as Francis Ford Coppola’s Dracula and Slayer’s Bloodline. The ideas surrounding vampires has been of good versus evil, the nature of religion and immortality. It isRead MoreLiterary Review of Bram Stokers Dracula Essay1230 Words   |  5 PagesReview of Bram Stokerâ⠂¬â„¢s Dracula Prior to the creation of the literary classic â€Å"Dracula†, Bram Stoker spent his time managing the Lyceum Theatre and legendary actor Henry Irving. According to Jennifer Dorn, when the novel was first published in 1897, critics regarded it as a â€Å"pulp fiction potboiler† (Dorn). The novels declaration as a literary masterpiece came many years later. A graduate of Trinity college, Stoker came from a middle class Irish family, the son of a civil servant. The publicationRead MoreBram Strokers Dracula: The Man Behind the Count Essay794 Words   |  4 PagesBram Stoker’s Dracula is a story of horror, suspense, and repulsion. The main antagonist, Count Dracula, is depicted as an evil, repulsive creature that ends and perverts life to keep himself alive and youthful. To most onlookers that may be the case, but most people fail to see one crucial element to this character. Dracula is a character that, though it may be long gone, was once human, and thus has m any human emotions and motives still within him. Let us delve into these emotions of a historicallyRead MoreFilm Adaptation Of Bram Stoker s Dracula1320 Words   |  6 PagesBram Stoker’s frightening tale of Count Dracula has struck horror into the hearts of many since it was originally penned. In 1987, Bram Stoker wrote the revolutionary tale Dracula that played off the fears of the people of the era. The plot and characters that make the novel great also translate nearly perfectly to cinematic adaptations. Starting in the early 1900’s, directors have done their best to portray the terror that the original novel inspired. Francis Ford Coppola’s Bram Stoker’s Dracula

Taxation Assignment Free Essays

Question 1: aTax treatment to an individual if his employer was to provide the following benefits in package 1: Rental of apartment $ Salary Airfare for home leave (1trip) (20% x 5000) 1,000 220,000 Employee’s remuneration 221,000 Rental of apartment (housing accommodation benefit) for a non- director will be assessed based on the lower of: the annual value of the accommodation provided or 10% of the employee’s remuneration inclusive of all other benefits except hotel accommodation. Therefore, housing benefit will be assessed at $22,100 because it is assessed based on the lower of (10% x 221,000= $22,100) or annual value of rental apartment of $60,000. Home leave passage According to Singapore tax law, home leave passage is provided by the employer to nonSingaporeans and non-permanent residents, the benefit is assessable to tax based on 20% of the cost to the employer. We will write a custom essay sample on Taxation Assignment or any similar topic only for you Order Now This concessionary treatment only can apply to ONE return leave passage per annum each for the employee and spouse, and TWO return passage for each child of employee per annum if child should be unmarried, under 16 years old or otherwise receiving full-time education or incapacitated. Therefore, in this package 1, Mr Rouse will be assessed for home leave passage at: 20% x 5,000= $1,000 Relocation passage According to Singapore tax law, relocation passages are by concession not a taxable benefit on the employee so that all the relocation expenses is not taxable benefit for Mr Rouse. b Package 1: $ Salary Annual rental of apartment Home leave passage (20% x 5000) Statutory income Less: donation Assessable income Less : Relief Chargeable income Tax on 1st $160,000 Balance @ 17% (238,100 – 160,000) x 17% 220,000 22,100 1,000 243,100 NIL 243,100 (5,000) 238,100 15,500 13,277 28,777 Less : 20% tax rebate (capped at $2000) Net tax payable (2,000) 6,777 Package 2: $ Salary Statutory Income Less: donation Assessable income Less: Relief Chargeable income Tax in 1st $160,000 Balance @ 17% 17% x (295,000-160,000) 300,000 300,000 NIL 300,000 (5,000) 295,000 15,500 22,950 38,450 Less : 20% tax rebate (capped at $2,000) Net tax payable (2,000) 36,450 c Mr Rouse should choose package 1 because in this package, he can receive many benefits as well as many concessionary treatments that can redu ce the net tax payable, in order to get higher return than in package 2. Singapore is a country where the government uses many policies that include many benefits, treat with consideration to attract talents from many the other countries and tax law is not the exception. Therefore, Mr Rouse should choose or ask more benefits instead of only high salary such as house accommodation benefit, home leave passage, relocation passage, transportation benefit, etc†¦. to earn many concessionaries to minimize his statutory income as well as to reduce tax payable. Question 2: aThe relevant dates in shareholder’s continuity test are different for unabsorbed capital allowances and trade losses and donation. Unabsorbed capital allowances can be carried against future profits provided the shareholdings are substantially the same (50% or more) in the 2 relevant dates: The last day of the YA (31 Dec) it arose And The first day of the YA (1 Jan) it is utilized Trade losses and donations can be carried against future profits provided the shareholdings are substantially the same (50% or more) in the 2 relevant dates: The last day of the year it arose (31 Dec of the calendar year) And The first day of the YA it is utilized (1 Jan of YA) b YA 2008: – Adjusted tax loss (trade loss) YA 2009: – Adjusted profit $40,000 $422,000 The shareholders of Feathers Pte Ltd based on % are as follows: 31/12/2007 Ee Mei Sarah 60% 40% 30/9/2008 40% 60% 31/12/2008 40% 60% 1/1/2009 10% 90% Assumption: on 1 Jan 2009, Donald still holds 5000 shares (total shares are 50,000 shares) Therefore, Queens’s shareholders and their shareholdings are as follows: Number of share 31/12/2007 Donald Ee Mei Ee Mei 25,000 20,000 60% x 5,000 = 3000 Sarah 40% x 5,000 = 2000 Total number of 50,000 shares 30/9/2008 5,000 10,000 40% x 35,000 = 14,000 60% x 35,000 = 21,000 50,000 s at 31/12/2008 5,000 10,000 40% x 35,000 = 14,000 60% x 35,000 = 21,000 50,000 1/1/2009 5,000 40,000 10% x 5,000 = 500 90% x 5,000 = 4,500 50,000 Two relevant dates in shareholder’s continuity test for trade loss are 31 Dec 2007 and 1 Jan 2009. Queens’s shareholders and their shareholdings in % as follows: 31/12/2007 Donald Ee Mei 50% {(20,000 + 3,000)/ 50,000} x 100% = 46% Sarah (2000/ 50,000) x 100% = 4% 100% 1/1/2009 10% {(40,000 + 500)/ 50,000} x 100% = 81% (4,500/ 50,000) x 100% = 9% 100% Previous year’s trade loss (adjusted tax loss) in YA 2008 can be carried against YA 2009 current year’s profit because the shareholdings are substantially the same (50% or more) in the two relevant dates of 31/12/2007 and 1/1/2009. YA 2009: $ Adjusted profit Less: trade loss brought forward 422,000 (40,000) Assessable income/ chargeable income 382,000 Conditions to qualify for the tax exemption for new start-up company: A â€Å"qualifying company† means a company incorporated in Singapore which for each of the first three years of assessment is resident in Singapore for that YA, and has its total share capital beneficially held directly by no more than 20 shareholders: ? ? All of whom are individuals throughout the basis period for that YA or At least one of whom is an individual shareholder holding at least 10% of the total number of issued ordinary shares of the company throughout the basis period for that YA. In the case of a company limited by guarantee: ? ? all of its members must be individuals throughout the basis period for that YA or at least one of its member is an individual throughout the basis period for that YA, and the contribution of that individual under the Memorandum of Association of the company to the assets of the company in the event of its being wound up, amounts to at least 10% of total contributions of the members of the company throughout the basis period for that YA. Question 3: aThe Singapore tax system is considered as a territorial system because income accruing in or derived from Singapore (Singapore sourced) or overseas income received or deemed received in Singapore is assessable to tax. In other words, income that is sourced outside Singapore is not chargeable to Singapore income tax if this overseas income is not received or deemed received in Singapore. One exception to this rule is dividend gain in Singapore. Under the new one-tier corporate tax system since 1 January 2003, tax will only be imposed at the corporate level and all dividends distributed by a Singapore tax resident company will be tax exempt for its shareholders. b Assumption: basic period is 1/1/200x to 31/12/200x Ms Dinh Tam’s 2-year contract will be from 1/4/2006 to 31/3/2008. Year assessment of Physical presence in Residence Singapore/ period of employment YA 2007 1/4/2006- 31/12/2006 Resident Exercise of employment in Singapore is more than 183 days in the basic period YA 2008 1/1/2007- 31/12/2007 Resident Exercise of employment in Singapore is more than 183 days in the basic period YA 2009 1/1/2008- 31/3/2008 Non-resident Both periods of employment and physical presence are less than 183 days. Remarks c Mr Tan KL, a Singapore resident, purchased a house in China. He rents it out and the rent is credited into his bank account in Hong Kong by the property agent. It means he receives a rental income in China and this income may be subject to tax in China remitted to Singapore is exempt from Singapore tax. In addition, according to Singapore tax law, all foreign sourced income remitted by INDIVIDUAL RESIDENT in Singapore on or after 1 January 2004 will be exempt from tax. d Determine whether the following receipts would be considered as income for tax purposes: iThis income will be exempt from tax if Ah Kow is Singapore resident because this income may be taxed in Macau remitted to Singapore is exempt from Singapore tax. In addition, according to Singapore tax law, all foreign sourced income remitted by INDIVIDUAL RESIDENT in Singapore on or after 1 January 2004 will be exempt from tax. ii   Profits made by a share broker from sale of shares is taxable income because shares are considered as his inventory to make profit therefore it is called revenue receipt for this share broker and that is subject to Singapore tax. iii Samantha Lee, a teacher made a profit from the sale of her piano is exempt from tax if this piano is her fixed asset and Samantha Lee doesn’t repeat piano buy and sale transaction many times. It means this profit is capital receipt, not revenue receipt and so that it is not taxable. iv Money received from an unlawful business in Singapore is taxable income because it is revenue receipt and income derived in Singapore so that it is subject to tax in Singapore. v Money received from sale of computer by a private school is exempt from tax because computer is considered as fixed asset of this private school. It means this income is capital receipt that is not taxable income. How to cite Taxation Assignment, Essay examples