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Phillip Morris - Assignment Example

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Legal and regulatory forces affects the market of tobacco because illicit cigarettes enter the market and their sale violates the fiscal law, custom law and other regulations such as evading payment of import duties, and compliance to regulatory measures. The sale of these…
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Phillip Morris

Download file to see previous pages... g stern regulations and enforcement measures to address illicit trade such as tracking, tracing, labeling, recordkeeping, and liaising with governments on precise agreements, aimed at addressing the illegal trade in cigarettes.
In order to adapt to this regulatory force, Phillip has developed an international system that tracks and traces both tobacco products and the manufacturing equipment. In addition, Phillip controls the supply chain by curbing illicit trade. Phillip has researched on the risk related to the products with the main goal being developing methods to assess if a product has the likelihood of reducing disease related to smoking. Phillip also educates the consumers on the effects of the products causing heart disease, lung cancer, and chronic bronchitis. He also warns that smoking is addictive and becomes hard to quit.
In future, this force will be fully effective since illicit trade in cigarettes harms both the consumers and manufactures. This will in turn reduce the trade in illicit cigarettes. Philip Morris needs to analyze the effects of such processes on the success of the company.
1. The implementation of company policies has improved the stature of the organization. This is by creating a distinct way of addressing issues. Furthermore, research gives insight into the development of modern ...Download file to see next pagesRead More
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