Case study Essay Example | Topics and Well Written Essays - 1250 words - 4

Case study - Essay Example Because of higher demands, price quotation would also not be a problem for the company because it can be assured that consumers will be ready to pay. This way, the company will not be forced in making price quotations that affects its expenditure and ratio balance (Blunt, Jones, & Richards, 2003). What is more, the market segment to be used for this proposal would ensure that there will be less expenditure on shared cost such as transportation. This way, the company will be looking at a revenue ratio that far outweighs its expenditure, making it easier to realize profits. Even though the risks identified with this proposal are realistic, it is hoped that there will be equally effective risk mitigation and contingency procedures that will be used to meet such risks as political inconsistency, which may bring about new financial policies that may be unfavourable for the company. 2.0 Risk Log for Recommended Proposal Risk Category Risk Name Risk Number Probability (1 – 3) Impact (1 – 3) Risk Score Mitigation Contingency Action by Action when National Uncertainty in success rate due to Scottish referendum 1.1 2 2 4 Look for new markets outside of Scotland Start a new market right away Eddy Ware Now National Political change that affects existing economic policies 1.2 1 3 3 Engage in pre-referendum economic policies that hedge the company against any possible economic shocks Hedge from a new capital market Elaine Morgan Now Local people Scottish locals accepting foreign brand 2.1 1 2 2 Introducing the product to a more foreign oriented market Find substitute products to introduce to the market Eddy Ware Now Currency Exchange risk emanating from possible change of currency 3.1 1 2 2 Currency market hedging that puts the company ahead of any possible currency shocks in about one year after new currency introduction Buy hedged currency product Elaine Morgan Upon announcement of new currency Raw material downturn in this year’s yield of organic suga r crop 4.1 2 2 4 The use of alternative and backup suppliers Stock company inventory now Paul Hollywood Now 3.0 Stakeholder Analysis 3.1 Identifying key stakeholders and their interest The implementation of the proposal to expand cake and biscuit production needs the input, consent, power, support and approval of several people, who together come to form a stakeholder base for the proposal. In line with the conditions needed to kick start the proposal and also to control the risk, the following people are identified within the organization as stakeholders. Gordon Blanc: As the CEO and head chef of MOP Restaurant, he is included as a stakeholder who would have authorizing powers to give approvals to the starting, continuation and stoppage of various tasks within the proposal. Particularly with areas that have to do with the MOP restaurant, it is expected that Gordon Blanc will make extra roles such as quality control roles for the manufacturing of cakes and biscuits for the restauran t. Martin Inch: He is also needed for his capacity as the CEO to give authorities on the start, continuation and conclusion of projects. It is expected that the project manager would make direct reports to him about the progress, successes and challenges within the project as he is the eventual overseers of

Study of Anti-Dumping by a Regional Trade Agreement Dissertation

Study of Anti-Dumping by a Regional Trade Agreement - Dissertation Example Anti-dumping policies are typically rationalized on the basis that they are necessary for eliminating harmful dumping practices by exporters and to promote fair competition in trade (Davis, 2009). Even so, research demonstrates that despite the fact that the WTO’s anti-dumping policies are intended to protect the interests of domestic producers and to promote fair competition and trade, the frequent use of the WTO’s Anti-dumping Agreement by some regional actors such as the EU, the USA and China demonstrates that the WTO’s Anti-Dumping Agreement is exploited for unnecessary protectionisms and retaliatory measures. Moreover, Article XXIV of the General Agreement on Tariffs and Trade 1994 allows the creation of Regional Trade Agreements (RTAs) and thus together with the Anti-Dumping Agreement exacerbates the WTO’s liberalized multilateral world trade system and particularly its goal of indiscriminate trade. This research study examines the use of the WTOâ₠¬â„¢s Anti-Dumping policies in RTAs and demonstrates exploitation via unnecessary protectionism and retaliatory measures. It is concluded that the trends in regional trade agreement anti-dumping policies and practices fully demonstrate that WTO members are free to exploit the Anti-Dumping Agreement contained in Article VI of the General Agreement on Tariffs and Trade 1994 (GATT) for excessive protectionism, retaliatory measures and for discriminatory trade practices contrary to GATT’s non-discrimination trade policies.... Table of Contents Abstract 3 Table of Contents 3 Chapter One 5 Introduction to the Study 5 I.Background to the Study 5 II.Research Questions 9 III.Aims and Objectives of the Study 10 V.Significance of the Study 11 VI.Research Methods 11 VII.Organization of the Study 12 Chapter Two 12 A Review of the Literature 12 I.Introduction 13 II.RTAs 13 A.Definition 13 B.Typologies of RTAs 14 D.Conclusion 23 III.Conceptualizing Anti-Dumping 24 A.Definitions 24 B.The Advantages and Disadvantages of Anti-Dumping Policies and Measures 26 C.Conclusion 30 IV.The WTO’s International Trade System 31 V.Conclusion 33 Chapter Three 34 Regional Trade Agreements Within the World Organization’s Multilateral System 34 I.Introduction 34 II.Snapshot of the WTO’s Legal Regime Facilitating RTAs in the WTO’s Multilateral Trade System 35 III.The WTO’s Legal Framework for the Formation of RTAS 36 A.Customs Unions 45 B.Free Trade Arrangements 47 VI.Conclusion 49 Chapter Four 49 The WTO’s Anti-Dumping Legal Framework 49 I.Introduction 49 II.Anti-Dumping Under the WTO 50 III.Conclusion 56 Chapter Five 57 Findings/Conclusion 57 Chapter One Introduction to the Study I. Background to the Study Dumping occurs when products or goods are sold on the global market or exported to a domestic market at a relative low price compared to like products or goods (Raju, 2008). According to the World Trade Organization’s (WTO) General Agreement on Tariffs and Trade(GATT) 1994, dumping refers to the sale of goods and products at a price lower that its ordinary value (General Agreement on Tariffs and Trade 1994, Article VI). According to GATT (1994: Article VI) the ordinary value of goods and products is the price at which those goods and products are