Premium Essay

M1 Unit 37

In: Business and Management

Submitted By mis3000
Words 713
Pages 3
There are many things Tesco’s can do to improve their operations ethically.

Tesco’s can differ the way they operate, by becoming greener. They should show more keen interest and be environmentally conscious by having green policies, less packaging, recyclable bins for the public to use and charge for bags; encourage people to reuse their bags. Moreover all their stores should have sustainable environmental technology such as solar panels, to reduce the amount of electricity used (saving energy), which will reduce their carbon footprint too. Likewise they can join originations like “Friends of the Earth, Environmentalism and Green Peace” etc.

Create more jobs

Tax increase to 20% “the government hopes the rise in VAT will raise £13bn a year, but it is predicted to hit retail sales”. Due to this consumers are worried about job losses and how they will be able live their lives with all these cuts. But on the other hand “SUPERMARKETS led the way in announcing tens of thousands of new jobs at a growth summit hosted by Prime Minister David Cameron at 10 Downing Street”. Furthermore “Tesco expects to hire another 9,000 staff, the Co-op 1,000 and Asda 15,000 retail apprenticeships”, which is very ethical. Moreover to be ethical, Tesco’s must deliver and create jobs for “9,000” people as stated. This will help people who are jobless, as well as who have lost their jobs and hopefully “lead to an increase in employment in the next five years”.

Paying more to suppliers

Tesco’s are also paying less to suppliers which is very unethical and they need to make improvements to become more ethical. This concern has been raised by many different groups, as they feel “Tesco is paying low prices to suppliers in the UK in order to maximise its profits”. They can improve and clear this concern and bad reputation upon their supermarket, by paying their suppliers based in India...

Similar Documents

Premium Essay

Unit 37- P1 P" and M1

...Unit 37; P1 Explain the issues a business needs to consider in its operational activities. What is business ethics? Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual’s actions, it also applies to business. Read more: http://businesscasestudies.co.uk/anglo-american/business-ethics-and-corporate-social-responsibility/what-are-business-ethics.html#ixzz3XSqGf1O6 Outline some ethical issues facing a business of your choice. The business I’ve chosen is Tesco. Tesco faces a protest from the trade union Unite over the treatment of migrant workers in its meat and poultry supply chain at its annual meeting in Glasgow today. Another issue Tesco faced is the horse meat scandal. Tesco said the horsemeat scandal had a "small but discernible impact" on frozen and chilled convenience food sales. Some Tesco Everyday Value Spaghetti Bolognese contains 60% horsemeat, DNA tests by the retailer have found. The meal, withdrawn from sale on Tuesday, came from the French factory producing Findus beef lasagne, also at the centre of a row over horsemeat. Meanwhile, Environment Secretary Owen Paterson has told MPs of plans to test all processed beef in the UK. Tesco Group technical director Tim Smith said: "The frozen Everyday Value Spaghetti Bolognese should contain only Irish beef from our approved suppliers. The source of the horsemeat is still under investigation by the relevant authorities. He also stated that "The...

Words: 1823 - Pages: 8

Premium Essay

Money&Banking

...alternative that best completes the statement or answers the question. 1) To an economist, ________ is anything that is generally accepted in payment for goods and services or in the repayment of debt. 1) _______ A) credit B) money C) wealth D) income 2) Money is 2) _______ A) a flow of earnings per unit of time. B) anything that is generally accepted in payment for goods and services or in the repayment of debt. C) always based on a precious metal like gold or silver. D) the total collection of pieces of property that are a store of value. 3) Currency includes 3) _______ A) paper money, coins, checks, and savings deposits. B) paper money and coins. C) paper money and checks. D) paper money, coins, and checks. 4) The total collection of pieces of property that serve to store value is a person's 4) _______ A) wealth. B) money. C) credit. D) income. 5) A person's house is part of her 5) _______ A) money. B) income. C) wealth. D) liabilities. 6) ________ is used to make purchases while ________ is the total collection of pieces of property that serve to store value. 6) _______ A) Money; wealth B) Income; money C) Money; income D) Wealth; income 7) ________ is a flow of earnings per unit of time. 7) _______ A) Money B) Income C) Wealth D) Currency 8) An individual's annual salary is her 8) _______ A) income. B) money. C) liabilities. D) wealth. 9) When we say that money is a stock variable, we mean that 9) _______ A) the quantity of money is measured at a given point......

Words: 3207 - Pages: 13

Premium Essay

Explain How Quartiles, Percentiles and the Correlation Coefficient Are Used to Draw Useful Conclusions in a Business Context.

...! ! Course Unit No. Unit Name Unit code Batch Student Assignment Covering Form Course/Unit Information Pearson (Edexcel) BTEC Level 5 Higher National Diploma Unit 6 Business Decision Making D/601/0578 J65-1403/E65-1403 ! Name Phone Skype ! ! Instructor Information Anil Ahluwalia +971 52 905 9904 anilbaljit anil@westford.org.uk ! ! ! Email Assignment Information Full/ Part Assignment Date Assignment Issued Part 11/03/2013 Tasks-1&2: 29/03/2014 ! Date Assignment Due ! ! Student Information (To be filled by the student prior submitting the assignment) Name Westford Student ID Edexcel Student ID Email Tsion Girma Birru tsn_grm@yahoo.com Date of Submission March 29,2014 All the submissions to be done through e-front LMS, no email or other format will be accepted.Student Assignment covering form is an integral part of the assignment document and should be submitted along with all submissions. ! ! Student Declaration ! ! I, Tsion Girma Birru hereby confirm that this assignment is my own work and not copied or plagiarized. It has not previously been submitted as part of any assessment for this qualification. All the sources, from which information has been obtained for this assignment, have been referenced as per Harvard Referencing format. I further confirm that I have read and understood the Westford School of Management rules and regulations about plagiarism and copying and agree to be bound by them. ! ! ! ! ! ! !...

Words: 3533 - Pages: 15

Premium Essay

Brief

...[pic] Braeside High School BTEC Extended Diploma in Business ( Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behaviour on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to research and draw up......

Words: 1010 - Pages: 5

Premium Essay

Brief

...[pic] Braeside High School BTEC Extended Diploma in Business (Marketing) Unit 37 Understanding Business Ethics Assignment brief 1: Ethical issues Assessor Mr. Zachaues Omwenga Date issued: 06/05/2015 Date of Submission: 29/05/2015 This assignment brief assesses |P1 explain the ethical issues a business needs to consider in its operational activities | |P2 explain the implications for the business and stakeholders of a business operating ethically | |P3 describe the social implications of business ethics facing a selected business in its different areas of activity | |M1 assess how a selected business could improve the ethics of their operations | |D1 evaluate the impact of a selected business’s ethical behavior on stakeholders and the business. | Scenario Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have their origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. You have been asked to......

Words: 1009 - Pages: 5

Premium Essay

Business Decision Making

...Assignment CoverSheet |Course/Unit Information | |Course |Pearson (Edexcel) BTEC Level 5 Higher National Diploma | |Unit No. |Unit 6 | |Unit Name |Business Decision Making | |Unit code |D/601/0578 | |Batch |BDM– 1501 | |Instructor Information | |Name |Ashutosh Pradhan | |Phone | | |Skype | | |Email |ash_68_in@yahoo.com | |Assignment......

Words: 5617 - Pages: 23

Premium Essay

Jbfjdb

...BTEC NATIONAL IN BUSINESS (MANAGEMENT) Unit 37 – Starting a Small Business Assignment 1 – Present your business idea This task assesses P1 Present the initial business idea using relevant criteria Signed (IV) _________________________________ Print Name__________________________________ This unit is all about starting your own small business. The assignments will take you through the planning process in order to complete your own small business plan. This may be a business you are thinking of starting in the future. To complete this assignment you should think of a business idea that you will be able to research and plan for. It should be realistic. You will present your idea to an assessor and some of your class mates. |P1 |Task 1 | | |  | | |You  should consider whether your business will be new, a franchise or whether you are going to buy an existing | | |business.  Your bank manager has asked for your thoughts on this before he/she makes an appointment to discuss your | | |plan.  | | | ...

Words: 1975 - Pages: 8

Premium Essay

Understanding Business Ethic

... | | |Qualification: |BTEC Level 3 Extended Diploma Business | |Units Covered: |Understanding Business Ethics |Unit Numbers: |37 | |Assignment Issue Date: |w/c 11/05/15 |Assignment Due Date: |w/c 01/06/15 | |Duration (approximately) | | |I certify that the work submitted for this assignment is my own. I have clearly referenced any sources used in the work. I understand that | |false declaration is a form of malpractice. | |Learner’s signature: | |Date: | / / | Assessor’s signature in this grid indicate which criteria have been awarded |Unit No. |Criterion |Assessor Signature |Criterion |Assessor Signature |Criterion |Assessor Signature | | |PASS | |MERIT | |DISTINCTION ...

Words: 1222 - Pages: 5

Free Essay

Hard-Wired Control Design

...[pic] Computer Organization and Architecture Course design report Hare-wired Control Design 1. Objective a. To master the knowledge of Computer Organization and Arthitecture courses. To clearly understanding the working principles and interconnect of various modules of the computer system especially the hard-wired controller by making a comprehensive use of the knowledge. b. To learn the basic procecures and methods of using ISP technology to design and debug. To be familiar with the designing, simulating,and debugging tools for integrated development of software. And to experience the advantages of ISP technology from the traditional ones. c. To cultive the capability of independent work on science, and to obtain the experience of project design and assembling as well as debugging. 2.Equipment 1. TEC-4 system for COA experiments. 2. A dual trace oscilloscope. 3. A logical test pen. 4. An ispLSI1032 chip. 5. IspExpert of Lattice Co. Ltd. 3.Principles and Requirements The experiment is to design a hard-wired controller with an ispLSI1032 chip for the TEC-4 platform. The controller should perform five console instructions: KRD,KWE,KLD,KRR, nine machine instructions: ADD,SUB,MUL,AND,STA,LDA,JMP, JC,STP and the interrupts. Preparations: Timng Signal Generator: MF signal is generated by a crystal oscillator (frequency 1MHz), while producing T1, T2, T3, T4, W1, W2, W3, W4 timing signal, relationship as shown below. Where W1,......

Words: 2111 - Pages: 9

Premium Essay

Report

...1. The budgeted profit for the period under the absorption costing has been calculated as $210,000. It has based on production of 30,000 and sales of 35,000 units. Budgeted fixed overheads were $105,000. What is the budgeted profit under marginal costing? 2. Which of the following statement concerning the valuation of the inventory is correct: A. It is impossible to say whether absorption or marginal costing will give the higher value without further information. B. The values under absorption and marginal will be the same. C. The value will be lower under absorption costing and marginal costing. D. The value will be higher under absorption costing and marginal costing. 3. One unit of a product requires three kilo grams of material and the expected cost of material is $ 4 per kg. labor will be paid at $ 2 per hour and each employee will make four units in an hour. Budgeted fixed overheads are $800,000 per period and are to absorbed using budgeted labor hours of 40,000. What is standard total absorption cost per unit? 4. In which circumstances does under absorption of overheads occur? A. Absorbed overheads exceed budgeted overheads B. Absorbed overheads exceed actual overheads C. Budgeted overheads exceed actual overheads D. Actual overheads exceed absorbed overheads 5. Budgeted overheads of $22,000, an OAR are $22 per labor hour. During the period actual OH incurred were $22,600 and actual labor hours are 1,120 hours.......

Words: 2888 - Pages: 12

Premium Essay

Creative Product Promotion

...Learning outcomes: Completing this assignment will contribute to your ability to: • Understand the meaning and importance of ethics in the business world • Understand the implications of businesses operating ethically SCENARIO You are to host an ethics event, where you will invite small to medium sized organisations from around your local area. The purpose of the event is to educate local businesses about ethical issues; the types of practices they can implement through business activities; the implications of not operating ethically for both the business and society and the rewards gained from ethical policies. In preparation for the event you will be provided with two briefs detailing a number of research tasks. Brief 1 is below, Brief 2 is to follow. Brief 1: You are to investigate, through extensive research, the ethical activities of VOLKSWAGEN. Start with the company mission statement, examine their aims and objectives and review the different stakeholders that Volkswagen is associated with. Once you have this research carry out the following tasks detailed below. a) Explain the ethical issues Volkswagen needs to consider in its operational activities (P1) For this task you will need to research the different ethical issues facing organisations, this should include: corporate governance; corporate social responsibility; environment; sustainability; human rights; working......

Words: 884 - Pages: 4

Premium Essay

Financial Accounting

...Assignment front Sheet |Qualification |Unit number and title | | | | |Business |10. Financial Accounting and Reporting | |Student name |Assessor name | | |Mehreen Bakht Haroon | |Date issued |Completion date |Submitted on | |15th July 2014 |15th August 2014 | | |Assignment Title |Financial statements interpretation and reporting | |Learning |Learning |Assessment |In this assessment you will have the opportunity to |Task |Evidence | |Outcome |Outcome |Criteria |present evidence that shows you are able to: |No. |(Page no.) | | ...

Words: 2594 - Pages: 11

Premium Essay

Y2Q4

...World 17 Company 2 Year 2 Quarter 4 CONSOLIDATED INCOME STATEMENT 04-04-2013 A BUSINESS POLICY GAME, 6TH EDITION 18:27:49 Copyright (c) 2010 by Richard V. Cotter and David J. Fritzsche ____________________________________________________________________________ ConsoliMerica Merica Merica dated Area 1 Area 2 Area 3 Nystok M$000s M$000s M$000s M$000s Dn000s Net Sales: to Customers 3365 930 930 930 3450 to Affiliates (cost + 20%) 0 0 1065 0 0 to Liquidators (at cost) 0 0 0 0 0 Less Cost of Goods sold 1532 515 1320 515 1481 Less Value Added Tax 58 0 0 0 345 Gross Profit 1775 415 675 415 1624 Selling Expense: Advertising Expense Sales Salaries Sales Commissions General Selling Expense Transportation Expense Sales Office Depreciation Total Selling Expense 144 115 62 387 153 13 873 40 30 19 94 53 3 239 46 36 19 101 9 3 214 40 30 19 94 53 3 239 105 116 28 585 227 24 1085 Admin and General Expense: Research and Development Total Training Expense Storage Expense Executive Compensation Other Expense Total Adm & Gen Expense Total Operating Expense Operating Profit (Loss) 72 104 56 146 0 378 1251 525 0 10 10 24 0 44 283 132 72 78 1 73 0 224 438 237 0 10 10 24 0 44 283 132 0 36 212 148 0 396 1481 143 Other Income: CD Interest Capital Gain (Loss) 19 0 0 0 19 0 0 0 0 0 Other Expense: Loan......

Words: 4029 - Pages: 17

Premium Essay

1102

... X ]  c(1  t )Y 2 Recap Week 6: Short Run Equilibrium Equilibrium condition Y  PAE Y  [C  cT  I  G  X ]  c(1  t )Y P Solve for equilibrium GDP Y [1  c(1  t )]  [C  cT  I P  G  X ] Ye  1 [C  cT  I P  G  X ] [1  c(1  t )] 3 Recap Week 6: Keynesian model – recessionary gap . PAE (planned aggregate expenditure) PAE = Cd + IP + G + X 0 IP+ G + X IP + G IP Y* Y (= GDP) Starting at potential output (Y*), a fall in exogenous C, I, G, NX will lead to a recessionary gap 4 Recap Week 6: If we assume that the planned aggregate expenditure is given by the equation PAE = 960 + 0.8Y a 10-unit drop in exogenous expenditure would result in a _____________ in short-run equilibrium output. A. 50-unit decline B. 40-unit decline C. 950-unit decline D. 4-unit decline 5 Recap Week 6: Keynesian model – recessionary gap . PAE (planned aggregate expenditure) PAE = C + IP + G + NX 0 Ye Y* I P + G + NX IP + G IP Y (= GDP) Recessionary gap 6 Recap Week 6: Keynesian model – expansionary gap . PAE (planned aggregate expenditure) PAE = C + IP + G + NX I P + G + NX IP + G 0 IP Y* Ye Expansionary gap Y (= GDP) 7 Recap Week 6: Multipliers  The government expenditure multiplier is greater than the tax/transfers multiplier  Withdrawals – higher income taxes and imports – reduce the impact of the multipliers 8 Recap Week 6: The short-run......

Words: 3681 - Pages: 15

Premium Essay

Business

...BTEC Business Level 3, Unit 37: Understanding Business Ethics Businesses are limited in what they do. Sometimes by laws and sometimes by the conventions and social codes we live by. Gathered together these are what we refer to as ethics and they can apply to every aspect of business behaviour. Whereas it could be argued that most laws have there origins in ethics, ethical behaviour, by individuals and business go beyond legal requirement and are discretionary, that is to say we can choose to follow them or not. Businesses have not always behaved ethically and many still do not. This unit examines what pressures there are on businesses to behave in an ethical manner. Learning outcomes On completion of this unit you should: 1 Understand the meaning and importance of ethics in the business world 2 Understand the implications of businesses operating ethically 3 Know the social implications of business ethics 4 Understand ethical concerns facing different communities. Context: You have been asked to research and draw up a report explaining business ethics for an organisation that is about to be floated on the stock exchange. The report will demonstrate an understanding of ethical business behaviour; the implications of it and why it is increasingly seen as such a serious issue for more and more businesses. P1 explain the ethical issues a business needs to consider in its operational activities. • Begin by explaining your own understanding of the......

Words: 855 - Pages: 4