Fair Trading Assignment Example | Topics and Well Written Essays - 1000 words

Fair Trading - Assignment Example The Office of Fair Trading is the most important government body in this connection. It has the power to impose penalties on those found breaching the law. The amendments made to this Act in May 2004 assigned greater powers to OFT so it can now conduct investigations in case a business is suspected of violating the prohibitions. Apart from Chapter 1 and II prohibitions, business need to be mindful of the anti-competitive activities outlined in Articles 81 and 82 of the EC Treaty. These prohibitions are similar to those contained in Chapter I and II but contain some additional information. Company directors are under increased pressure from the government now with amendments to Company Directors Disqualification Act 1986 under the Enterprise Act 2002 whereby individuals found of breaching the law may face Competition Disqualification Orders. This can prevent them from managing a company for 15 years. Some key implications to remember include the power of OFT officials to demand documents that can establish the status of a firm and its trade practices. Any breach of fair trade practices can result in 10 percent fine for your business on an annual basis. Third parties can claim damages. The Enterprise Act 2002 has given additional force to compliance laws by making some anti-competitive activities criminal. The cartel offence clause can make some monopolistic activities liable to criminal prosecution. OFT gives priorities to cases of cartel offence and if found involved in a cartel, your business can face serious charges. The Fair Trading Act had initially granted power to Competition Commission for making monopoly references. However under Enterprise Act 2002 those powers have been assigned to Office of Fair Trading, which can now work as a statutory body in tandem with a Board. The Competition Commission is still an important body in this connection as it had the power to investigate monopolies on direction of Director of Fair Trade agency. However most of those powers have now been granted to Office of Fair Trading. It can still make investigations when appeal is registered on some decision taken by OFT. The Director General of Fair Trading has the power to investigate alleged breaches and if it finds that prohibitions have been violated, companies can be charged 10 percent of their annual revenue for 3 years. This is something that you will have to be very careful of since these charges can erode your profits for many years. That will consequently affect your share price and might result in a takeover. With the agencies and bodies that would try to control your monopolistic activities, there are some safeguards available which you should be aware of. If your company is concerned about possible monopolistic charges, you can instantly notify the Office of Fair Trading of agreements and any other activities that might constitute anti-competitive behavior. This can help you in seeking exemption by explaining how it might help and benefit other players. Secondly some agreements may actually not be in the jurisdiction of the agency and notification can help you understand where

Luxury fashion industry E-Commerce Essay Example | Topics and Well Written Essays - 750 words

Luxury fashion industry E-Commerce - Essay Example The use of colour is usually considered to be an essential component of visual merchandising (Iqbal et al., 2011). Choice of the colour, therefore, determines the attention it attracts to consumers. Use of vibrant colours like red, brown or orange at the entrance and addition of designs gives an appealing look to attract many customers. Colour also, can create an emotional impact on consumers that can portray good meaning about the product. E-commerce employs the use of signage that acts as a salesperson. This increases the efficiency as customers easily reach their destinations by just following the displays in it. Also, use of signage increases customer service since it reduces the waiting time that is a desirable factor to customers. Maintenance of proper lighting to focus on key products improves the appealing effect of the products. Those consumers who use online applications and sites require pictures of products with good lighting to allow them make right choices and save on time. Lastly, the use of unique window display of products serves as an attraction to more sells. Showing items correctly will give consumers idea of how they would look like and these is more likely to influence them to buy the items (Iqbal, et al., 2011). In order to maintain consistency from the real visual merchandise shop and online, e-commerce have to employ some factors. The use of a simple web design with a good user interface where the customers can easily navigate through and make their purchases with ease. Pictures and videos of the items in the store are displayed in high quality and in simple layouts where one can access a number of items at a go. These pictures and videos usually contain a specified description of quality, make and prices. With the Omni-channel strategy, the integration of the real store and online stores has enabled the merchandisers maintain consistency and promote their

Changing American colonial family Essay Example | Topics and Well Written Essays - 500 words

Changing American colonial family - Essay Example iod, the child protectors and family reservations condemned the dissolute, a lazy working-class father who dishonored every aspect of their male decency by beating or deserting their wives and economically abusing or exploiting their children. In response to this, eleven states made non-support and desertion of destitute families a crime and three states introduced whipping post, in which men who beat their wives are subjected to flogging (Ramirez, 242) However, to fight the financial abuse of children, activists pressed for certain laws which included the compulsory school attendance laws, creation of orphan trains and orphanages for accommodating the neglected and abused children and lastly child labor restriction statutes. In the meantime, campaigns to minimize the rates of divorces in the 1880s were underway. During that period, it was recorded to have the world’s highest number of divorces. Reducing was done through prolonging the waiting periods, creating family courts and minimizing the grounds for divorce, alongside efforts to remove segregated male-only improvements of recreation. After about a century, the way that the issue of men in families was culturally and socially constructed experienced a fundamental redefinition. Combined with amplified struggles to enhance the male’s remuneration, so as to allow him to support his family devoid of the support of children and wives. Additionally, anxiety about the i mmigrant father who represented old beliefs and obstruction efforts to Americanize his off-spring was on the rise (Shammas, 110) To enhance integration, self-conscious exertions were made to use schools, peer relationships and settlement houses to aid first-generation children and wives to break free from outdated cultural beliefs which was frequently represented by the foreign language-speaking, unassimilated, bearded adult man. The majority of the legal responsibilities and rights of the familys head comes from ancient studies of one or another

Procedural Steps Involved in Bringing a Case to the Docket of the Supr Assignment

Procedural Steps Involved in Bringing a Case to the Docket of the Supreme Court - Assignment Example However, aside from the Clerk of the Supreme Court, who serves as a court clerk, there are also the law clerks of the justices. A law clerk assists the justice in making an opinion through research and the writing of recommendations. An example of a law clerk that is currently serving Supreme Court justice is David Morrell. He is a graduate of Yale and once worked as a clerk of Judge E. Jones of the 5th Circuit. The solicitor general represents that the interests of the federal government in the Supreme Court. The Constitutional authority for lawmaking is stated in the Article I, Section 1 of the US Constitution. This clearly states that it is the Congress of the United States that has the power to create laws. The Congress is composed of two chambers, the Senate and the House of Representatives. Both chambers have the power to initiate the legislative process, with individual representatives and senators having the right to push a bill. After it has been formulated, the House and Senate Committees which have jurisdiction over the bill’s nature would then study it before approving or disapproving it at their level. It is at the level of the US congressional committees that the markup of the bill is done. The markup of the bill is a process in which debates or deliberations carried out prior to the committees’ decision. After the concerned congressional committee has approved a bill, it goes to the next stage which is House body itself. However, this has to pass the House Rule s Committee, which has the responsibility determining how the bill is to be handled by Congress when it comes to schedules of sessions, framework, and boundaries of the deliberations. It is possible that there are two versions of the same bill coming from the House and the Senate respectively. If there are conflicting points between the two versions, a Conference Committee may be constituted. This is composed of senators and  house representatives who are proponents of the bill. Their objective is to make a final version of the bill.  Ã‚  

Exxon Moblie Company Essay Example | Topics and Well Written Essays - 1250 words

Exxon Moblie Company - Essay Example The company had stored over 72 billion equivalent of oil barrels by the end of 2007. The company also has 37 oil refineries in 21 different nations. This makes Exxon Mobil Corporation the world’s leading refiner (Vassiliou 54). This paper will look at the Exxon Mobil Corporation. Exxon Mobil Corporation is the leading of the largest oil producers in the world. The company boasts of an everyday oil production of 3.921 million barrels of equivalent. This was almost 3% of the globes oil production, in 2008. Nonetheless, when Exxon Mobil Corporation is categorized by gas and oil assets, it is placed 14th in the globe. The Daily Telegraph wrote an article in 2012. This article asserts that Exxon Mobil Corporation has become one of the most despised companies in the world, with the ability to influence the fate of many countries and American foreign law. In addition, Exxon Mobil Corporation drills oil in areas leased to them by countries controlled by dictators, for example, Equator ial Guinea and Chad. The company also has little regard for the environment. The company’s chief executive, Lee Raymond, until 2005, opposed the administration’s interference at any stage and was cynical about global warming and climate change (Vassiliou 57). The corporation was condemned for its sluggish reaction to handling the Alaska oil spill. The headquarters of Exxon Mobil Corporation is in Texas, Irvin. The corporation sells products all over the globe under the trade names of Esso, Mobil, and Exxon. In addition, the company owns a number of businesses, for example, SeaRiver Maritime, an oil shipping corporation, and Imperial Oil Limited, located in Canada. It owns 69.6% of the Imperial Oil Limited. The upstream division of Exxon Mobil Corporation leads the corporation’s cash flow. It contributes almost 70% of returns. The Exxon Mobil Corporation’s corporate citizen report in 2006 indicated the company offers 82,000 employment opportunities all ove r the world (Vassiliou 62). The report also asserts that 27,000 workers are located in the company’s Houston upstream headquarters and almost 4,000 workers are in the company’s Fairfax downstream headquarters. Exxon Mobil Corporation is structured functionally into several functioning sections. These sections are subdivided into three groupings. Nonetheless, Exxon Mobil Corporation has a number of supplementary sections, for example, Coal and Minerals, which are separated from the main divisions. The upstream division is located in Houston, Texas. It is concerned with wholesale operations, shipping, oil exploration, and extraction. The downstream division is located in Fairfax, Virginia and is concerned with retail operations, refining, and marketing (Vassiliou 64). Also, the downstream division comprises SeaRiver Maritime, International Marine Transportation, ExxonMobil Refining and Supply Company, and Engineering Company ExxonMobil Research, and ExxonMobil Fuels, Lub ricants and Specialties Marketing Company. In addition, the chemical division is found in Texas. Exxon Corporation’s chief executive officer had a meeting with Mobil Corporation’s chief executive officer in 1998. Both these chief executive officers had initial talks of the probability of a merger between the two corporations. Later on, management proceeded with negotiations and gave the board the results of the discussions. In 1998, the chief

Ethics Case Facts Essay Example | Topics and Well Written Essays - 1000 words

Ethics Case Facts - Essay Example According to these theories, ethical issues in Frank and Molly’s case are very clear. First, Frank is witnessed violating these ethics as a lawyer for Chemco Company. Frank violates both the absolute and conditional duty theories by negotiating and getting a settlement that led to purchase of plaintiffs and tearing down of homes, leaving many people homeless and with lands. Frank does not promote the good of others through his actions (Hare, p. 38). Secondly, as the president of Chemco Company, he violates the conditional duty theory by not keeping his promise of continuing to provide jobs to his employees. Instead, he sells the Company to foreign investors who move the business to India, making the locals lose their jobs and a means of income. As a governor, he does nothing to advance the programs he proposed and used as a platform to get him the governor seat. He does nothing to improve the welfare of Kentucky’s businesses.The second based theory to ethics is rights t heory. Generally, a ‘right’ is a justified claim against another’s behavior. John Locke, a British philosopher, argues that the laws of nature dictate that we should not harm anyone’s life, liberty, health or possessions. Other rights include rights of speech, rights of property, movement and religious expression (Hare, p. 39). Moral rights are traditionally associated with four features. These features include natural insofar meaning are not created or invented by governments; gender or handicap and inalienable.... Frank does not promote the good of others through his actions (Hare, p. 38). Secondly, as the president of Chemco Company, he violates the conditional duty theory by not keeping his promise of continuing to provide jobs to his employees. Instead, he sells the Company to foreign investors who move the business to India, making the locals lose their jobs and a means of income. As a governor, he does nothing to advance the programs he proposed and used as a platform to get him the governor seat. He does nothing to improve the welfare of Kentucky’s businesses. The second based theory to ethics is rights theory. Generally, a ‘right’ is a justified claim against another’s behavior. John Locke, a British philosopher, argues that the laws of nature dictate that we should not harm anyone’s life, liberty, health or possessions. Other rights include rights of speech, rights of property, movement and religious expression (Hare, p. 39). Moral rights are tradition ally associated with four features. These features include natural insofar meaning are not created or invented by governments; universal insofar meaning they do not change from country to country; equal meaning that rights are the similar for all people, irrespective of race, gender or handicap and inalienable which means that one cannot hand over their rights to another individual. We also witness the neighboring lands and homes being polluted and eventually, the families lose their homes and lands to Chemco Company as the land is converted to a recreational park and becomes Chemco’s property. Kant’s theory, the third duty based theory, stresses on a single principle of duty. The theory is also known as categorical

The World That Trade Created Essay Example for Free

The World That Trade Created Essay The topic of The World That Trade Created by Kenneth Pomeranz and Steven Topik is mostly dealing with society, culture and economy. The book takes place all over the world from 1400 to present. The time periods are so interesting because it relates to the modern day economy. It also shapes how our economy came to be, where these ideal strategies for industry and etcetera originated- the cultural and traditional background of societies first using these tactics- and an overall extensive, lively history of economics. The modern day results in success and that is helpful for readers living within the new age society. Corporations are widely discussed today and take on a big role in the growing debate about the role of corporations should have in society today. â€Å"Why did the seventeenth- century Europeans create the worlds first corporations?† demanded Pomeranz and Topik. â€Å"looking back from 2005 the answer seems obvious: the corporation seems like such a logical way to do business..† but corporations had a violent birth. The first corporations didn’t have a permanent life, nor did they self-liquidate. Other Europeans, like- Middle East, India, South East Asia, Japan and China all through the eighteenth century had no need for the corporate form. Northern Europeans would need to seize and fortify and arm ships to patrol the waters, to be in play with the Asians. Europe however couldn’t create monopolies. After years of conflict and many revolts by shareholders who wanted the company to wind down rather than grow, the company was re-chartered rather than liquidated after twenty-one years, the directors got the flexibility to lower dividends (amongst partners) when they needed to build up capital, and Dutch investors learned to operate like shareholders today.†Ã¢â‚¬  The idea of companies that took care of their own protections costs did not last, of course.† â€Å"by the 1830’s all these companies had collapsed, and their colonies had been taken over by governments-just as a new era of capital-intensive industry was about to create more productive uses or the corporate form that they had pioneered.† The World That Trade Created is a history of society, culture, and economics. It taps in tp the painful and brutal truth of our global economy system. Modern world emerges with varied foods, advanced societies, a background of poverty and violence and monopolies and so on and so forth. The society aspect touches base on the trade of slaves. These slaves would mine necessities like gold, silver, cotton, tobacco, coffee, tea, sugar and rubber on plantations in different regions. Culture like Christianity came ion hand with the law. Culture and central planning were works in progress acting on one another’s evolutionary development. The economy of it all deals with so many trade tactics. It helps readers understand that economic activity cannot be divorced from social and cultural contexts. It was made from flesh and blood to its relevance today. The relevancy of the books information today outlines moral economy and how its being held somewhat fair today. It also relates to market economy to understand our world. Nature and culture continue to transform economics today. As much understanding there is of economics it is still playing out and unwinding today. It continues to have situations that need fixing and is still being debated over today. Economy ultimately impacts society.