1.1 Different types of organizations 1.

By ownership Sole trader Partnership o Limited partnership o General partnership Corporations o Public limited: cooperators, selling share in the public o 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 law Integrity 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 Traditional economies Command Free market Control of resources Everyone/ no formal control Central Authority/ government Consumers/ Example Barter system/ tribes Communist/ socialist North Korea Practically non

economy Mixed economy

market/price Government/ people

existent 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 growth o 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 Fiscal o Government Spending: if economy down, gor spending will high: give back money to community: ANNUAL BUDGET; How much government spending Eg: 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