International business law Assignment Example | Topics and Well Written Essays - 3000 words

International business law - Assignment Example Thus, cases with the intent of temporarily depriving the owner of his property rights constitute a criminal offense. According to the English legal system, this law is mainly used as an effective way of dealing with certain acts that are deemed to be against the prescribed norms in the society. The major objective is to punish those who are liable to such kind of crime. This is in line with the need to deter people from committing such crimes for the purpose of safeguarding peace and harmony in the society. According to Kleyn & Viljoen (2002), civil law is classified under private law which is one major difference between criminal law and civil law. Civil law mainly deals with legal relationships between parties involved. These subjects involved are more or less on the same position. Unlike in criminal law, the state is there to facilitate the delivery of justice in civil law. Common examples of cases involving civil law include tort law as well as family law whereby compensation is granted upon conviction of the offender unlike punishment in the case of criminal law (Kleyn & Viljoen 2002). This law is mainly used to settle disputes between subjects whereby it is the plaintiff against the defendant whereas it is the state that initiates prosecution against the defendant in a criminal case. 2. Common law in the English legal system was developed in the decisions that were made in other court cases and these were adopted as law in real terms (Du Plessis, 1999). This law is mainly used as reference to particular cases that may have a similar bearing on the case that will be tried in the court. Common law is the legal norm and plays a significant role in consolidating the validity of the law given that it was a result of cases that were tried in the courts of law and decisions were reached and agreed. With time, there are some kinds of behaviour by human beings which become unacceptable and in such instances, it becomes the role of the legislature to enact new offe nces that are considered as law (Kleyn & Viljoen 2002). In such an event, this kind of law is mainly regarded as statutory law whereby it can be noted that the legislature as well as the common law have greater roles to play in the English legal system. Though common law is the major source of law in the English legal system, it however, does not cover all the aspects of the law since there are new cases emerging by the day such as the environmental laws. It is the role of the legislature to make sure that all important aspects of this law are covered adequately. According to Du Plessis (1999), â€Å"English law is uncodified common law and the legislation primarily regulates matters of a more modern technical nature or else it amends, systematises, consolidates or supplements common law in areas where it is inadequate or ambiguous or where renewal is necessary,† (p. 36). From this argument, it can be observed that common law

International fashion business analysis Essay Example | Topics and Well Written Essays - 2500 words

International fashion business analysis - Essay Example From ancient periods to the modern era, fashion tastes on both designers, moneyed clientele and mass consumers have changed significantly and continue evolving, albeit, enigmatically. The designs in every decade changes and designers continue changing at rapid phase to introduce never-seen-before creations. The number of players in the industry has rapidly increased making the market competitive. Even independent designers have started competing and slowly establishing their presence in the industry. The industry is beginning to take shape and the process becomes defined. Sound business fundamentals and touches of creativity are basic elements of success in the industry. In the fashion industry, there are several companies that are considered as global in terms of market and recognition. Fashion designers are famous worldwide for their ability to strike in the preference of the consumers. Christian Dior and Balenciaga are two of the most famous names in fashion. These firms are highly competitive and have different sources of market. Indeed, it is interesting to discuss the similarities and differences that both firms have. Porter (1979) introduced the concept of five forces that seeks to analyse the competition in an industry. Accordingly, this will serve as an effective tool to carve a picture of the fashion industry. ... The threat to the new entrants shows the possible barriers that will hinder the investment in the industry. Unlike other industries, fashion is more open and barriers are mostly economic in nature. First, it is important to understand that fashion is seasonal and certain designs are only purchased by customers on given periods. Given this scenario, it is difficult to determine consistent production because of seasonal changes. Another vital threat to newcomers is their reputation in the industry. It has been proven that success in the fashion world is determined by credibility and nurtured reputation. The emergence and threat of substitute industry is another important dimension that needs to be considered. At present there are no direct industries that rival fashion. Clothing as a necessity is produced in limited methods and fashion design is a foremost mechanism. Despite of this reality, the future provides uncertain trends. Custom made-clothes and other similar commodities are starting to gain prominence in the market. The bargaining power of the consumers determines the capacity of the consumers to purchase the goods and price sensitivity. Fashion designers are usually expensive but can be afforded in several markets. Signature designs are indeed high priced, but there are other quality designs that require less money to be purchased. Because buying clothes and similar products is done based on the need, consumers are able to save enough money to afford expensive branded apparels. On the other hand, consumers are sensitive in price when it comes to fashion. Since there are different alternatives, price increase will affect the decision of the consumers to make a