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    The Effect of Monopolies on Australian market

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    Write a full literature review on The Effect of Monopolies on Australian market and give some examples if you find any company then you can add it related to monopolies...

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    The success of any business organization in the industry that it is involved in is heavily dependent on the fact that how well the firm is able to understand the different aspects of the industry or the market. If any firm is able to adapt effectively to the different situations of the market and serve the consumer market according to its demand, then it is obvious that the firm can guarantee itself a large share of the consumer market (Serra, 2017). However, there is a lot of effort that is needed for this dominance in the market and the following study will contain the discussions regarding how research can be done into the matter of monopoly effect on the Australian market.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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