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Graphic warning labels on cigarette pack - Big business tobaccos
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Added on 2020-01-07
Graphic warning labels on cigarette pack - Big business tobaccos
Added on 2020-01-07
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IntroductionGraphic warning labels on cigarette pack work much better as compare to writtenwarnings. Further, from the study it has been identified that graphic image which is placed oncigarette pack stick in a person's mind and lead to improve their recall of the health warning.However, it cannot be stated that warning sign can changed attitude to smoking or forced them toquit smoking. The present report is based on, Big business tobaccos (BBT) which is a largeAustralian producer of Tobacco products which consider a market leader brand of cigarettes. Theorganisation is continuously developing and now it is moving to marker based economy. In thisreport the main ethical issues which are involved in the debate is discussed. Along with thisdifferent stakeholder who are involved in the debate on the health warning on cigarettes packsare identified. Question 1A.) The major stakeholder in the debate on the health warning on cigarettes packs.According to the the given scenario, Big Business Tobacco (BBT) is one of the largestproducer of tobacco products. At present it has decided to move market based economy. Thecigarette will be sold in pack of 40. There are different stakeholder who are involved in debateon the health warning on cigarettes packs. Mary bender who is the marketing manager andRandall Hedges, the company's public relation manager. The debate take place on placing healthwarning sign on cigarettes packages or not. Mary bender argued that Australia implementation ofsimilar regulation has a great impact on smoking rates in particular country (Alo, Akosile andAyoola, 2016.). Mary bender, the marketing manager has decided to design of the cigarettepacker for the Asian market with Randall Hegdes. The issues take place for placing the warningsign on cigarette package. She stated that in this business profit matters a lot and they main focuson their shareholder. If they place warning sign on cigarette pack then it may lead to decline-insale of cigarette which directly impact profit of firm. On the other side Mary bender whostrongly opposed that warning sign on cigarette packs. If Asian law is subsequently amended,then the organisation will be first one of to comply. Along with this there are many Asiancountry where it is not legal requirement to show a health warning sign on cigarettes packets. B.) The main ethical issues involved in the debates.
As per the given scenario, manager of Big Business Tobaccos is one of the largestAustralians producer which is know expanding its business in new Asian country. Debate takeplace between marketing manager and Randall Hedges who is the company public relationmanager. Here ethical issues take place for Randal hedge related to placing warning sign insmoking packets. As per the rule it is important for the firm to place warning sign with its brandname. On the other hand marketing manager of firm is not agree to keep warning sign which iscompletely unethical. According to laws and regulation no business is permitted to carry out itsbusiness activities in unethical manner. C.) If you were Randall what what would you do.As working on a post of Randall, firstly it is important at the time of dealing with someone to deal in ethical manner. There are many laws and legislation made by government whichneed to be strictly followed at the time of carrying out business activity. It is important to carryout all activities in ethical manner so that in future no problem can be faced by firm. Question 2: Financial accounting statements used to show past events. Through the help of this itbecome easy for organisation to make decision so that future action can be take. Financial accounting which is a called as a language of business. It is important for theorganisation to make financial accounts so that it can look out its performace of business andfocus on those qualities which can lead to growth and development of business. One of the majoruse of financial accounting is record transaction. Here firm can keep records of its businessactivity in order to meet its future requirement. There are three type of statements which need toprepare, so that firm can make decision and take actions in future. There are some commonfinancial statement that are balance sheet, cash flow statement, and income statement. Furtherfinancial statement are neutral as because they show the picture of the activities. For theparticular financial year. Manager in business measure the data in order to make decision so thatnecessary action can be taken for future growth. Balance sheet: There are different kind of information which is provided in balance sheet on thebasis of which decision can be made. For instance it can be acknowledged that an organisationwith $ 22 million in annual sales. Here it can be analyse that there are 6 weeks of sales which issitting in accounts receivable. Hence, manager of an organisation can change its credit policies inthe business and focus on streamlining collections, because it help in resolving receivables
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