Marking criteria: 1. Comprehensiveness of case analysis 2. Support of case analysis with evidence 3. Overall clarity Refer Case Study Marking Rubric. Deliverables:1 x case analysis report...

Ethics in retailing industry
Ethics in retailing industry
Ethics in retailing industry
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Contents
Abstract    3
Introduction    4
Discussion of questions    6
Question one: good faith    6
Question: Food and Grocery Code of Conduct as a voluntary code    7
Question three: having power is a good thing    8
Question four: response on supplier regarding late payment of supplier    9
Question five use high employment standards in less developed    10
Question six opinion on cost (price) leadership model    10
Question seven: conduct audits on their suppliers “audit fraud” is a problem    11
Question eight Integrated Reporting framework    11
Question nine at risk meaning    12
Question ten: stakeholders    13
Conclusion    13
References    15
Abstract
This is a case study, known as the “The Ethics of Profit in the Australian Retail Industry”, which is a contextual analysis that layout the company's impact as well as effects based on the company's increased sales. The company is primarily focused on the Australian market. In order to compare the performance of the company, I collected data from leading Australian retailers. The review reported several issues with these organizations to determine the ethics of interest. The first is to seek cost investment funds and energy use in retail production networks. In order to be competitive in the market, companies must take action on ethical issues. The case study explains a few of the problems that need to be considered in terms of cost savings in the retail business and how to use Supply Chain Accounting (SCA) when dealing with the transactions. In the order to exploit profits, the company will pay at the time of delivery. Another problem is that due to conflicts of interest between directors and companies, directors must be paid based on their performance.
This report gives the answer to the ten questions that are outlined in the case study. The appropriate responses depend on the ideas figure out in the organization. This idea completely changes the extended respect for financial execution with a little respect for communal notoriety, nature, as well as for the human capital. To answer all the questions I have completely based used my learning and knowledge on procurement moreover on the logistics, as it simply plays a main role in company’s success. I have likewise looked at accounting perspective moreover.
THE ETHICS OF PROFIT IN THE AUSTRALIAN RETAIL
Introduction
This case explains the Australian retail industry and there a number of forces that are affecting the top brand's growth. Companies must ensure that ethical decisions are made, which is whether the businesses performance should be profit-based, as the difficulties that supplier faces when selling goods at a lower cost each day. The primary role of setting ethical standards is determined by bookkeeping and auditing because they are the controllers of financial reporting generated in the retail business. In order to meet ethical standards, they should provide true and fair financial reporting. Through case studies, we have learned a lot, and we can explain the problems and difficulties that the Australian retail business faces every day. These issues and issues identify changes in suppliers' prices and changes in business conditions such as tax patterns and laws and regulations.
In most cases, company suppliers are abused, but they are the most important partners in the company's procurement and supply chain networks. The case study also explains that Australian retail industry has more than the 150,300 retail businesses as well as is one of Australia's largest employers, thus playing an important role in improving the gross domestic product and the economy (Al Farooque, 2016).
When comparing Australia's retail and wholesale industries, it needs more than other companies. According to case studies, it requires more money, labor, and advertising. It can also operate under different extended controls, regulations, and laws, including retailer areas and retail store configurations. Some of the laws governing business are provided by the Australian Stock Exchange on standards, regulations, and recommendations for company management, requirements for bookkeeping requirements, auditing standards, and government-defined laws (such as taxes and other government). The company's determination is said to be a fragile but unprotected ethical institution.
Most of these vast retailers have done the deceptive and unethical behavior, which has had a lot of impact on suppliers, so suppliers will lose money. Retailers have more respect for the development of the transaction, so charging low prices hurts the interests of these suppliers. Most of the providers come from low-paying regions of the world. This reduces their expenses and subsequent costs reduce their item costs. Some retailers have moved companies to third world countries with little or no law affecting minimum wages moreover working condition.
These advances have also prompted these retailers to adopt unethical behavior and adopt cost-reduction methods. This has led to abuse of company suppliers or suppliers because these organizations have considerable power. Some of the things that suppliers and suppliers face are their payment delays, low wages, and the need for scheduling and negotiation is a way for these providers to endure. The retail business uses creative bookkeeping to create currency-related positions. Corporate management and ethics were fired, leading to extortion and unethical behavior in the industry. The company has made some changes, such as food and grocery code of conduct, to assist and ensure that suppliers are opposed to retailers' cheating. The business needs more guidance on ethics and company management to help examine these problems. In my view, I would suggest that the authorities want to use the best mechanisms to ensure compliance with laws and regulations.

Discussion of questions
Question one: good faith
An agreement and contact is legal understanding of at least two parties regarding services, products, goods, and performance (Abou Taleb, 2016). This understanding is guided by a protocol law, for example, retailers and wholesalers, as well as providers, have authoritative relationships. The agreement law characterizes good faith as an assumption, including that the parties to the agreement will manage each other with fully reliable, decent and real expectations. When we talk about integrity in this situation, we show direct, reasonable and serious performance in legally binding transactions. Retailers and wholesalers may stand in stark contrast to suppliers, but they have legal authority over the law. Suppliers will provide merchandise to retailers and wholesalers as the final result of specific promotions and installments as specified in their agreement (Heupel & Schmitz, 2015)
Retailers...