unit 38 Accounting

Businesses are affected by the economy and sometimes the economy can have a dramatic drop in countries causing issues for some business mainly due to 4 factors. These factors are inflation, Economic growth, Exchange rates and unemployment.

In this assignment I am going to explain the effects of changes in the economic environment for Nissan UK. I am then going to analyse the impact that government policies have on Nissan UK. I am then going to evaluate the impact of changes in the economic environment to Nissan UK.

Preston (2001) cited early on of HP’s recognition of the need to combine environmental sustainable practices into its core business strategy and its commitment to becoming an ecological leader in the 21st century. The company’s leading sustainable efforts are illustrated through its installation of an EcoPOD next-generation data centre in Georgia, USA earlier this year which is ‘currently the most efficient data centre in existence and can decrease energy consumption by 95% in contrast to traditional services’ (Interbrand, 2012). Furthermore, according to the Hewlett Packard company website, the enterprise has also delivered on its environmental goals which included reducing the energy use of HP products and associated greenhouse gas emissions to 40% below 2005 levels by the end of 2011- the company reduced it to 50% and accomplished it nine months

Subject: D1 Evaluate the impact of changes in the economic environment on a selected business.

P5 - Describe how John Lewis would be influenced by economic factors in a time of economic recession and economic growth in the UK economy

Providers A and B are experiencing an accounting breakeven point at the same level of revenue and cost (revenue equal accounting cost) but different volumes.

Project Outline: Analyzing current situation of US economy and comparing it with past years and suggesting ways to improve the current scenario is the objective of this project report.

Bayerische Moteren Werke AG (Bavarian Motor Works), or BMW, is a German luxury vehicle, motorcycle, and engine manufacturing company founded in 1916. The company has its headquarter in Germany, but also has an American facility in Spartanburg, South Carolina. In addition, BMW is celebrating its 100-year anniversary this year. Being in the automotive industry, one would be surprised at how a company values sustainability, especially when it focuses on the interrelationship between the triple bottom line. However, the BMW Group has been named the world’s most sustainable automotive company again by the Dow Jones Sustainability Indexes (DJSI). The head of Sustainability and Environmental Protection, Ursula Mathar, stated, “For us, sustainability is an important part of our identity and our strategy. We have accomplished a great deal in recent years and continue to set ourselves concrete goals for the future … This shows that our activities continue to have an impact and we are on the right track” (The BMW Group). This company defines its sustainable operations by taking social and environmental responsibility for everything they do. The BMW Group has extensive initiatives that affect the planet by reducing its carbon footprint, their profits by effectively utilizing renewable resources, and their people by providing diverse opportunities and protecting self-wellbeing.

With any plan for sustainability recommendations, there can be barriers to implementation (DesJardins, 2007). These barriers have to be addressed and considered so that it is possible to work around them or adjust the plans in order to ensure that sustainability can be acquired and achieved. Riordan is already aware of what needs to be done, but the company must now focus on how to address those concerns in the most appropriate and effective way. The barriers to sustainability faced by Riordan include a lack of strong, quality employees, a lack of training for employees as well as issues with hiring practices. Additionally, Riordan wants to focus on using less petroleum, handing the by-products of petroleum use more responsibly, and creating a just-in-time inventory system so costs are lowered and there is less waste that could be damaging to the environment.

This report provides an extensive analysis and evaluation of the sustainability practices of Automobile giant, Volkswagen and an in-depth analysis of the mess that Volkswagen currently finds itself in. Also, certain recommendations have been provided which Volkswagen needs to follow diligently in order to come out clean from the infamous Emissions scandal.

– Economic conditions within the international markets, as well as expenditure on the products or services the company provides and trends in use of such products or services;

The manufacturers are more worried about their survival and the capability to maintain sustainable design in their manufacturing process [7]. Manufacturers can try to manufacture products using designs that use less energy and fewer natural resources for better sustainability. As the first step, the manufacturers will have to invest in research and development of the most effective way in order to attain these criteria, and this involves cost. Lack of technical support among employees in achieving sustainable manufacturing is another issue that manufacturers need to look into and resolve [3].

Founder Anderson was the driving force behind this radical “mid-course correction”, to use the name of his book. In the 1990’s, Anderson recognized “that the Earth is damaged and hurting – badly” (Anderson, 1998) and changed the direction of the company significantly. This sustainable mindset touches every aspect of the company’s operations from its supply chain to its production line and even after the customer has purchased and installed it. It’s an inspiring story and it shows that working towards a sustainable operation is possible and can be profitable.

Total energy consumption has been reduced through the use of new technology, such as renewable sources, like wind turbines (CEMEX 2012). In 2000, CEMEX reduced electrical consumption by 160,000 megawatts, which, with the combination of alternative fuels; reduced CO2 emissions by 263,000 tonnes (Wilson, Chang 2003). CEMEX is now actively committed to reducing carbon emissions in order to achieve environmental sustainability, “We acknowledge the local and global challenges posed by climate change, and are committed to applying our skills, technologies, and determination to reduce the contribution of our operations and our industry to climate change” (CEMEX 2012). This commitment helps to satisfy the demand from society and stakeholders to reduce carbon emissions. The efforts of CEMEX are commendable and will certainly help with the overall reduction of CO2; however it is questionable whether or not the burning of alternative fuels is a sustainable solution. The European Commission and UN Intergovernmental Panel on climate change claim state that only biomass fuels such as wood or sewage sludge should be considered carbon neutral, and that the burning of tyres and household waste may be worse than fossil fuels (ENDS Report 2008). This indicates that by burning alternative wastes such as tyres and household waste, CEMEX is still contributing to the overall CO2 levels in the atmosphere, and may in fact be doing more

Question 1The concept of Business EnvironmentBusiness environment can be understood as the combination of all environmental conditions and influences that are capable of affecting or influencing business activities. According to Anyanwu et al (1996) defines the environment of business as the aggregation of the pattern of all the external and internal conditions and influences that affect the existence, growth and development of the business. Opportunities and threats may be associated with external environment while the strengths and weakness may be associated with internal environment of the business (Audu, 2010a).In this paper, we will compare the business environment of two countries namely: Nigeria and Norway. The reason for choosing these two countries include the fact that both are part of the top ten net oil-exporting nations for which hydrocarbon exports account for more than 40% of total exports. We will compare and contrast the fiscal policy of both countries and the business environment.Overview of Nigeria and NorwayLet give a quick fact summary of these two countries:NigeriaNorwayPopulation169.3 million5.1 millionGDP (PPP)$479.3 billion$280.0 billion6.3% growth0.8% growth7.0% 5-year compound annual growth0.8% 5-year compound annual growth$2,831 per capita$54,947 per capitaUnemployment7.5%3.5%Inflation (CPI)8.5%2.1%FDI Inflow$5.6 billion$9.3 billionBusiness Freedom48.392.1Labor Freedom77.748.2Monetary Freedom70.481.7Government Spending76.143.8Fiscal