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HI5015: Legal Aspects of International Business and Enterprise

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Holmes Institute Sydney

   

Legal Aspects of International Business and Enterprise (HI5015)

   

Added on  2020-04-13

HI5015: Legal Aspects of International Business and Enterprise

   

Holmes Institute Sydney

   

Legal Aspects of International Business and Enterprise (HI5015)

   Added on 2020-04-13

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Running head: LEGAL ASPECT OF INTERNATIONAL TRADE AND ENTERPRISELegal Aspects of International Trade and EnterpriseName of the StudentName of the UniversityAuthor Note
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1LEGAL ASPECT OF INTERNATIONAL TRADE AND ENTERPRISETable of ContentsAnswer 1..........................................................................................................................................2Answer 2..........................................................................................................................................4Answer 3..........................................................................................................................................6Reference list...................................................................................................................................9
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2LEGAL ASPECT OF INTERNATIONAL TRADE AND ENTERPRISEAnswer 1A multinational company that operates in Australia is 7-Eleven Stores Pty Ltd. Thiscompany is a proprietary Company that generates majority of its income from the Food RetailingIndustry in Australia. At present, the company operating in Australia comprises 1000 employeesincluding the employees of all the subsidiaries under the control of this company and 45000employees gloablly. The company is an American-Japanese international chain of conveniencestores that has it’s headquarter in Irving, Texas (Webster 2017).The company operates franchises and licensed about 56,600 stores in 18 countries. Thischain was known as ‘Tote’m Stores’ until it was renamed in the year 1946. The Irving basedcompany traces its roots in Texas. It moved to Canada in 1969 and México in 1971. In 1974,the retail chain expanded its operation into Japan as 7-Eleven Japan and became the parentcompany in November 2005. At the present day, the company has its stores in Taiwan,Thailand, Australia, Sweden, Malaysia, Indonesia, Macau, UAE, Denmark, Norway,Philippines, Hong Kong and Singapore through franchise agreements and area license. The first Australian store was opened in August 1977 and today this company operatesmore than 630 stores in Queensland, New South Wales, the Australian Capital Territory,Victoria and Western Australia. The 7-Eleven product and services range includes slurpeebeverages, 7-eleven fuel, stationary & gifts, treats, refreshments, news, magazines, PersonalCare & Cleaning, Auto & Car care, Australia Post Parcel lockers and Citilink paymentsfacilities.
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3LEGAL ASPECT OF INTERNATIONAL TRADE AND ENTERPRISEFigure 1: 7-Eleven numbers of storesSource: (Webster 2017)The goals and objectives of the company is to ensure that the customers are able to findtheir favorite drinks, snacks, and other convenience items at a store near them, given so manyfresh food and beverages as well as personal care products that are available at the store. themotto of the company states ‘Give the customers, what they want, when and where they wantit’. Some other interesting facts about the 7-Eleven Stores Pty Ltd is that it was the first storeto operate for 24 hours a day, sell fresh-brewed coffee in to-go cups. This company is the firstconventional store retailer to provide the guests with freedom of choice by making all major softdrinks available to them at the store fountain. This company was the first to sell pre-paid phonecards and in the year 1948, 7-Eleven was the first convenience retailer that offered ATM servicesto its customers. The most essential fact about this company is that it has been successful in redefining theway people usually shop for their products with the change in technology. The advancement of
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