1.1 Different types of organizations

1. By ownership Sole trader Partnership

o Limited partnershipo General partnership

Corporationso Public limited: cooperators, selling share in the publico Private limited: are organize do not accept; do not share o Artificial personality: existing in law but not in fact

Partnership and corporate

Dissolution: Cor (50 years) articles of incorporation

Partnership (easy to die) because bankruptcy; inability of a partner; unwillingness of a partner to continue; death of partner

2. By activity

Primary sector: raw material (famer)

Secondary sector: manufacturer

Tertiary: Distributor and service industry

1.2

Download annual report

VMGO

Stakeholder important: most powerful stakeholders (shareholders)

STAKEHOLDER MAPPING

STAKEHOLDER ANALYSIS

BE 1.3 + 2.1

1.3 Slide 21 + 22

Responsibility of Big C into UK

ETHICAL CITIZEN Not just to earn money Important of law in UK : compulsory, ISO, law of environment (make sure they follow);

ecological balance: resource usage: reuse RENEWABLE (easy replace: oil wind, water; alternative resource....) & RECYLCLE PRODUCTS (modify or change to make difference product; from one product convert to other product; create again....); ECOLOGICAL LAW ! Energy conservation: think about environment

BUSINESS ETHIC: Ethical responsibility: any policy or activity (fairness; honesty, integrity (promise do) and social harmony: friend wt everyone in community: open)

BIG C into UK how can they fulfill corporate their responsibility Eg: clean, friendly, attractiveness:....:..

Company follow the law; regulation ethic:ETHIC:Compliance based: do base on the lawIntegrity based: do not base on the law

MANAGEMENT RESPONSIBILITY: o Employee treatment: how to treat; o Recruitment and selection: eg: base on merit of the job or requirement; not base on

physical factor: appearance,....o Safety and health:

CONSUMER REPONSIBILITY:

OFFICE OF FAIR TRADING: Governmental

Consumer regulation enforcement:

Competition enforcement: fair

Markets and policy initiatives:

Slide 30: product selling in UK

CE: Conformite Europeanne

Europeanne: UK, France,..... conform wt the standard of Europeanne need correct trade description of goods:

OFT,

Composition: ingredient

5.easy to drink, hard to drink

6.in logo: Vietnam standard quality

7.: ISO, HACCAP eg: Halal

Slide 31: common problem or problem when they selling

1.Eg: selling 100% but not 100%; zero collecteron but when cook have colecteron

2.

Slide 36:

Implied terms: buy product expected what the product have

Eg: buy product but when they have some problem immediately, they can return

Caveat emptor: responsibility of buyer to expect what he/she buying:

Slide 37: Satisfactory quality

Responsibility of seller: check it

Responsibility of buyer: do it

2.1

Types of economic system

Control of resources Example

Traditional economies Everyone/ no formal Barter system/ tribes

controlCommand Central Authority/

governmentCommunist/ socialist North Korea

Free market economy Consumers/ market/price

Practically non existent

Mixed economy Government/ people UK, US

Difference of types of economic system

Macroeconomic issues

Growth Inflation: High inflation: slower economic growth; low demand; poor purchasing power;

value of money decrease; exports are expensive; level of investment Unemployment: High employment: low purchasing power low demand low production

low income slow economic growtho If unemployment decrease, inflation increase

Eg: U (1); I (10)o If unemployment increase, inflation decrease

Eg: U (10); I (1)

Stable level of inflation + stable level of unemployment: NAIRU (Non Acceleration Inflation rate of unemployment)

To control Inflation unemployment

Fiscalo Government Spending: if economy down, gor spending will high: give back money to

community: ANNUAL BUDGET; How much government spendingEg: US, economy go down, government give the money back to the bank; Vietnam: borrow money from other side to built construction in Danang

o Taxation: if economy growth unemployment decrease inflation increase, tax will high less purchasing power

o Debt reduction: GDP Monetary

o Interest rate: Interest rate ( high o pp save money in bank and bank business not borrow more and close business) In UK, interest rate low because borrow money in increase production, etc

o Money supply: Issuing treasury bonds; Money revenue requirements