Perform a relevant cost analysis of the special new order received from a potential new customer in 2033. (Word limit: 600 words — excluding charts, tables and appendices).
Provide your report to the Board of Directors here. Insert new pages including appendices as required.
Drawing on specific examples and events arising during the business simulation exercise, critically reflect on what you have learned regarding: • The application of accounting tools to assist with management decision making • The uses and limitations of accounting information • The implications of these limitations on the managerial decision-making process (Word limit: 600 words).
Social Issues of E-Commerce These days, the web has made another capacity called internet business. Web based business is generally known as electronic trade and now previously turn into a virtual fundamental road of the world. It is basically cover every one of the exercises on web and incite the client to buy the item over the web. In this manner, it is another approach to maintaining their own business over the web and it used to moving and purchasing the item over the web with different businessperson and client on other state. Web based business is a decent method to do their business since it can grow their business to entire world with the goal that they can do their business greater and profits in future. Other than that, it likewise can tell more individuals more about their item by observing the image of item that they transfer and the subtle elements of the item that they drill down on web. Other than moving and purchasing item over the web on web based business, it additionally have another capacity on internet business called store network the board, electronic information exchange (EDI), electronic subsidizes exchange, stock administration, online exchange preparing, and information accumulation frameworks to make it all the more simple for specialist for moving their item. I pick this subject to talk about their issues since online business is the most mainstream on the web and it has been turned into a virtual principle road of the world. Other than that, it likewise has numerous issues for us to examine so I choose to pick this subject to talk about. In the first place, I will talk about the issues for online business is security and protection. It is the most essential issues for online business in light of the fact that without security and protection, the client will terrified get tricked by the merchant. For instance, the client will frightened the dealer items whether is great or terrible in light of the fact that they just observed the image of the item over the web so the client don't know whether the item are great or awful so they terrified the merchant will post up an awful thing to move at web. Another precedent is terrified after the client exchange the cash to the vender then they won't send the item to the client. Other than this 2 model, there still have another precedent is the client don't have the foggiest idea about the real cost at promoting and the vender essentially set up the cost and did not pursue the advertising cost to pick up their benefit more than market cost, for example, twofold or triple from the market cost. These 3 precedents will be the effects of society supposing that the vender misrepresentation the purchaser then the general public will progress toward becoming lower standard. Additionally, the effects of IT industry is the purchaser won't visit the sites again to buy their items with the goal that it will influence IT division said that web based business isn't great being used on web to work together in light of the fact that the purchaser get cheat by the vender and they won't online to buy the items again and they would preferably purchase the items on showcasing by finding the items themselves. Other than that, there still have different issues of internet business. The second issues that I will examine are shipping issues. Delivery issues implies that when the purchaser purchases an item from the dealer and the vender is from other state then they should utilize transportation to send the items to the purchaser with the goal that it can land to the place of purchaser remain. In delivery, there need a decent information the board implies that the dealer need to deal with the information safely, for example, locations of purchaser, names of purchaser, Visa data of the purchaser, and contact data of the purchaser. They need a decent administration on this in such a case that the vender never deal with the information of the purchaser safely and basically record it at exactly that point when they have to send the items to purchaser after affirm all the exchange then just feel that some data officially lost because of the paper that rundown out the purchaser subtle elements can't discover it out then it will end up being a transportation issues on the grounds that without the data of the purchaser then they can't send the item to the purchaser so when the purchaser did not get any items that they guarantee before with the date that the item will land to the purchaser then the purchaser will feel that they get cheat by the dealer. It's vital in such a case that the purchaser feels they get cheat by vender then they won't go to that sites again to buy the items. Other than that, for transportation charge, it is ascertain with the heaviness of the items so after figure the cost out for delivery expense then despite everything it have to include the expense of the items so it will end up being a staggering expense for the items contrast and showcasing cost so it will cost exceptionally if need to buy the item over the web and the dealer are not remain in your nation. These issues will influence the general public turn out to be low standard if the purchaser fell they get cheat by the dealer and the purchaser will surmise that for the most part of the vender that stay at that nation likewise same with him/her so their nation will turn out to be low standard. Other than that, these issues likewise will influence IT industry on the grounds that the purchaser will fell that despite the fact that utilizing web to buy an item is all the more simple yet need to pay twofold or triple of the advertising cost and they will they better get themselves and not buy however the web so it can spares more cash contrast and buy online then the purchaser won't utilize the web again to buy item so IT will turn out to be less individuals utilized for buy items. Other than 2 issues above, there still have another issues called multifaceted nature of process. It implies when the purchaser need to buy that such items then they have to pursue their progression to buy an items from them, for example, enroll as an individual from that site, top off the assention shape, enter in the entirety of your own points of interest, enter in your charge card number, etc. There have many advance to pursue if need to buy an items over the web. Albeit many advance to do before buy the items is for the best security and protection yet the purchaser will feel that the way toward purchasing the items over the web are multifaceted nature contrast and purchase an items outside. These issues likewise will be similar effects to society and IT industry, for example, the general public will turn out to be low standard and can't advance to wind up better, and IT industry additionally will end up very few individuals to utilize IT to buy the items over the web. End, after we talk about these every one of the issues for web based business, we definitely realize that what is the effect of that all issues to society and IT industry so we have to gain from the issues with the goal that we can improve it and enhance the effectiveness for internet business. Initially, we have to expand the security and protection, for example, develop a decent impression for your site which is don't misrepresentation individuals, etc so the purchaser can believe your site when they need to buy items. At the point when the purchaser trust your site then our general public will turn out to be all the more elevated expectation since these days they are utilizing web based business to buy items. Besides, we have to diminishing to transportation issue, for example, have a decent information the board with the goal that the information won't get lost. In addition, we additionally need to discover the temperate approaches to guarantee that your items will touch base to the purchaser with the time that you guarantee previously and the shipment expense won't cost exceptionally so the purchaser will dependably keep buy items over the web. At the point when the purchaser feel that shipment charge and item expense is a decent expense and not cost exceptionally then the purchaser will keep buy the items from your site so it can enhance our general public and furthermore IT industry. In conclusion, we have to decrease the progression before buy items, for example, we simply request that the purchaser top off his/her points of interest that can contact his/her at that point utilizes email to check again their subtle elements and afterward just convey the items to the purchaser with the goal that the purchaser won't feel the procedure of procurement an item intricacy and they additionally will dependably utilize web to buy the item so our general public can turn out to be elevated expectation and IT industry likewise will have a decent input from client. After examine how to decrease the issues of online business, I trust that web based business will turn out to be more clients inviting and will turn into a virtual principle road of the world so they can buy any items that they require over the web. Reference wikinvest(2006), http://www.wikinvest.com/idea/E-Commercewebz, http://www.webz.com.my/ec.html goecart(2000), http://www.goecart.com/bolster/internet business issues.aspx AllBusiness(1999), http://www.allbusiness.com/deals/web internet business/842-1.html EzineArticles(2009), http://ezinearticles.com/?General-eCommerce-Issues&id=182160>GET ANSWER