Essays on Business

1. Divergent Thinking for Convergent Futures

Future is something that no one can predict with accuracy, even remotely. Businesses have a method of developing over time and expanding as well as contracting depending on the market situation, demand and technology changes. One the ways that have a scientific basis on predicting and preparing for the future is scenario spinning – method by which different future scenarios are painted along with the probability of their occurrence and then preparing for the future!

While indulging in scenario spinning it is vital to make them as divergent ...

A business process management IT analyst constantly evaluates the production process of a company to ensure that it is up to the required level. He formulates new strategies to improve production and profits and develop the required processes and production procedures to ensure that the company cuts on production costs. Constant evaluation makes sure ineffective processes; equipments and members of staff are changed to improve profitability. He also leads and guides the team on the best production processes. This makes a business process management IT analyst an important part of the company as they directly impact on the profitability ...

Managers as well as accountants need financial information to help them make managerial and accounting decision that are very crucial for both internal and external consumers of this information (Drury 2008). To be successful in this area both managers and accountants need to have full understanding on the different types of cost and their calculations. There are different ways of classifying cost for example, manufacturing costs verses Non-manufacturing costs, fixed costs versus variable cost and finally product cost versus period costs. The most important thing that managers and accountants need to know is how to treat variable costs and ...

Government is divided in three branches namely executive, legislature (congress), and judiciary. Each of the three branches has different responsibilities and independent powers such that powers and duties allied to one branch do not conflict with those of the other branches. Separation of powers is a necessary to ensure a balance of power and prevent any branch from using such power arbitrarily. Separation of powers is a system-based regulation that enables each branch to limit the powers of another.

In line with the principle of separation of powers, congress has the power to change the arrangement and the federal ...

The two concepts of accounting are very vital when it comes to the realization of the ones profit in a given business premise. They enable the manager to come up with the best policy in realizing the best profit for a given sale. They depend on the ability of the sales being on a fixed cost or at some points it can rely on some factors like the case of the absorption costing which is believed to be an absorption that is based on all issues dealing with the manufacturing costs into the issue of the inventory rating.

The ...

Introduction

Every organization has values that are core in the operation of its activities. These values give clear guidelines on how persons transacting any kind of business on behalf of the organization should themselves. According to McShane & Von G. (515), “organizational culture is the basic pattern of shared assumptions, values and beliefs that govern behavior within a particular organization.” Organizational culture influences the decisions and actions of individuals working for the organization to a great extent.

Importance of Sharing of Values

The sharing of core values within an organization fosters the spirit of teamwork within the organization as the staff set out to attain common ...

Background of the project

This project came into existence because of the need of having a system that will enable the company handle large amount of data. It is a data collection and analysis company hence its core business is to handle massive data from the clients. Currently, the company uses standard databases. They are not meeting the demand on the market. Just only in two years, the company has realized huge growth and expansion. Through this, it is projected that it will grow by 20% in terms of data storage needs and requirements. After rigorous process of search ...

Answer 1

This is a deceptive advertisement which has neglected the ethical and moral standards of a client in giving information to the customers. It can sometimes go unnoticed by the public; hence the customers will purchase the juice relying on false information issued. Ethics on itself is a selling point for companies as consumers prefer to purchase goods from ethical companies as compared to those companies which do not abide by the ethical and moral standards set.

An advertiser who does not disclose the truth offends the law and is liable to suffer damages caused to the consumer. ...

1. Introduction

Advancement in technology always ensures the delivery of information to the various parts of the world. The information from the one country is been passed to the other country within a microsecond. Advancement in information technology changed the human style and survival. Information technology has more impact on our today life. Information delivered from one place to another with the help of the information technology. The development in the information technology has improved the job market. The information technology has a large impact on business. The entire business environment has developed because of information technology. The software ...

Financial statements of an organization provide potential investors with a more detailed insight about the organization as opposed to the casual glimpses of the organization’s stock market prices. For an investor who is interested in investing in a particular organizations stock, and has the financial records of the organization in question at his disposal, then the first five areas to review before investing would be as follows:

- Liquidity Position: The balance sheet presents a broader overview of the organization’s financial position. From balance sheet data, it is possible to calculate the current ratio which reveals the ...

- What is the role of marketing communications?

The role of marketing communications is to create a link between a company and its existing or potential customers. It is vital for the growth and success of any company to clearly identify its position in the market because of immense competition and availability of similar products. Companies which are able to maintain a contact with their customers via different modes of communication are more successful in gaining customer attention and loyalty. However, the mode of communication used by the company must be relevant to its customers and should ...

Question 1

Direct marketing is whereby a marketer strives to reach a specific prospective consumer. In this case, a company targets a certain individual who will most likely respond to the advert in a positive manner. A company applies an interactive manner to reach certain individuals; expecting to have a purchase of their products from such individuals. Mass marketing is targeted at a certain mass of people without segmentation. As far as the comparison between these two types of marketing is concerned, their evolution takes center stage. The evolution of mass marketing was brought about by advancements in broadcast media. There ...

The dialogue between Thomas More and Hythloday brings out the character traits. Through the conversation that these two characters engage in, the ideas that each brings out is a reflection of what they believe in and would do if given a chance. The key concepts that these two characters engage discussing are philosophical issues, civil and religious issues. Their opinions based on these concepts reflect their belief and thus enhancing their character traits. This essay analyzes the critic nature of Thomas More of the contemporary English society through his dialogue with Hythloday.

According to More for any political venture, ...

MNCs or Multinational Corporations is a company that operates under a corporate structure in more than once country. This term is general, and is used to encompass a wide array of companies, from small corporations that operate in two or a few countries, to giant companies like Apple that operate in over a hundred different countries. People within countries are governed by laws created by whatever government system corresponds with that country. One issue with Multinational Corporations is that because they operate across borders is that they are held accountable to different legal systems, ...

Question 1

One of the greatest concerns for Ronald Mc Donald ads is the lack of health warning message. The entire ads from the company work only to woe kids into buying these products. The kids are not warned against any possible consequence of consuming these products. This causes great debate to the health experts who understand deeply the possible effects of these products. They advise that, Ronald Mc Donald products should also bear a health message that works to warn any buyer, especially the kids of any possible consequence of consuming these products. Yes, Ronald Mc Donald’s should eliminate ...

Northern Healthcare Corporation is a large, investor-owned provider of outpatient and rehabilitative service. Over the years, it has expanded and proved to be a great source of income and money generation for investors who own Northern Healthcare Corporation. The company is following the right standards for preparing its financial statements. Its financial statements are rightly segregated by different segments the company operates in and its records are kept very aptly and efficiently. National Healthcare has blossomed into a large organization that operates more than 200 facilities and serves a large customer base.

In the recent years, however, there are ...

There is an inconsistency of the condition, and it is considered an ethical dilemma. It is very certain to conduct a screening in the investment channels ethically. Generally, the investors avoid those firms that pay high dividends, but are bad for the society. The main concern is to understand the moral features in relation to the carbon footprints; it is not advantageous for society. Thus, investments in such firms that pollute the environment should not be made. Such investment may not produce great returns and verge on being acts of charity. In this connection, I ...

List and discuss at least three positive and three negative impacts of information systems.

Information systems (IS) have enhanced communication significantly. Effective communication is important for all organizations, societies and even individuals. Data and information can be distributed to millions of people around the world despite geographical locations in real time using IS (Kenneth, Jane 1997). This saves on costs, allows quick response to changes, better customer service and exploitation of new opportunities. IS have made it possible to access new service efficiencies. Automation of some services has lead to more effective and satisfactory services, for example ATMs, and telephone systems. IS have supported advances in research in various fields, for example in ...

Medical profession has a broad spectrum of ethical and legal issues at a broader organizational level as well as at an individual level. While it is an individual who actually delivers the services, it is because of the brand that a patient goes in. Hence, it is logical to extend the responsibility of omissions and commissions from the individual caregiver to the organization also.

Negligence has serious connotations in any profession, but more so in the medical profession. A simple injection administered through the wrong route (for example, an IV (intra-venous) injection administered ...

M-Commerce

M-Commerce is as well denoted as Mobile Commerce. It is the wireless electronic commerce used in conducting business through the mobile devices that are as well-known as Personal Digital Assistant (PDAs); as a result, they are the generation of wireless electronic commerce that requires no wire and plug-in devices. From the elucidation, one would deduce that there are various ways that the M-Commerce can inflate or increase the reach of E-Commerce considering the fact that a majority of people have their PDAs all the time. However, the M-Commerce can expand the reach of E-Commerce since it allows businesses and ...

1) Listed a wide ranging number of common logistics/supply chain practices and strategies. In your view are all of these undertaken regularly by all organization or are some of them specific to certain types of organizations?

Answer: The common strategies and practices that supply chain and logistics managers usually have to consider has listed below. It is an extensive list that illustrates the diverse multifaceted area of activity in which logistics and supply chain managers have taken into consideration. Search for strategies based on agile principles, lean and variation along with combination of both. Postponement/Mass customization. Managing reverse logistics ...

Recently, I bought a Samsung smartphone from of the best phone shops in the town. There are various reasons that meant me to make the choice of buying this phone. First, I was greatly influenced by my colleagues who we work together online claiming that the phone has features that can allow one to use the phone as a wireless network. This was the main reason as to why I developed interest on this phone. Nevertheless, change of income status was also another reason that meant me to focus on buying this phone. I had graduated from the University ...

Healthy People 2020 is a program of the Department of Health and Human Services that benchmarks and monitors the health progress of the Americans with a 10-year national health objectives. Among its priorities is to identify health disparity issues among a diverse group of people in the community. Health disparity occurs when a health difference exists due to socio-economic and environmental disadvantages (Healthy People 2020, 2010). One of the current health issues from Healthy People 2020 that may be related to my practice area involves the lack of access to health care and services in the ...

At the start of the semester MGMT 483 was one of the courses, whichwe undertook as part of business policy and strategy class experience. The course focused on the examination of the foundations and challenges facing businesses in this current technological world. The methods used in the course to for examining the challenges and foundations of businesses were academic and cultural diverse workforces. There is a wide variety of factors, which faces businesses. All this factors are all listed out, and the techniques on how to evaluate and examine them are listed, as well.

MGMT 483 enables an individual ...

Intelligence is most talked about subject because it in a way defines everyday actions. It has also received definitions which vary from one another in great depth. One such psychologist who gave intelligence a different meaning is Robert Sternberg. In his triarchic theory of intelligence, he defines intelligence as a mental activity that helps a person adapt to, select and shape an environment that is best in their lives. He goes on to say that successive intelligence is comprised of analytical intelligence, creative intelligence and practical intelligence. In view of his definition of these three intelligences, I can honestly ...

Over the last couple of years a trend has emerged of drug companies in America testing their drugs on people from other countries. The main cause s of this trend has been said to be the consumer protection and liability laws in our country that make it difficult for these companies to try these drugs within the country (Shaw, Barry, 2005). This practice has raised a lot of concerns lately with many saying it is an unethical activity that should stop. According to the food and drug administration of the country, over 80% of the drug applications approved by ...

Business Process: 100 years have gone in this business of producing up to 450 million vehicles worldwide with the brand name General Motors. Also, the corporation is operating globally almost in every country on a virtual basis. However, presently GM has achieved its goal by earning revenues and sales outside US. But, a huge market for GM is the United States Market. GM is one of the biggest buyers for United States in terms of buying iron, steel, aluminum, copper, rubber, computer and electronic chips. The vision of the company is that to remain streamlined in the auto industry ...

Poor product design basically means producing goods and services not satisfying the needs of the customers. It is highly important issue for a producer. Considering that the product with the poor design is produced through a supply chain, and then we might think that the supply chain dynamics have a fallacy in understanding the customers. The supply chain management is based on managing the relations among the stakeholders in the supply chain. The customers are assumed to be essential stakeholders in the supply chain.

Therefore, if the products do not satisfy the needs of the customers at a high ...

Social responsibility refers to a firm’s capability to respond to issues beyond economic, technical and legal requirements to achieve social advantage coupled with the profit that the firm seeks. Corporate social responsibility has been the back of senior managers, but this has since changed to the firm’s agenda a whole. Corporate social responsibility is not an individual action because the manager alone cannot be entrusted to ensure the integration of the firm with the society in which it operates.

The concept of corporate social responsibility is majorly on the concept of stakeholder. This refers to any group ...

- The decision problem

The problem under study is concerned with deciding, whether it is worth expanding the business of the investigation company that currently functions in one city. As the company already has the developed client base, good image and significant expertise in the field of investigative services, growing the business seems the most logical way of developing the business. However, significant concern is associated with the company’s possibility to attract the attention of clients at the new location and, therefore, profitability of the new venture.

The concern under study is supported by the fact that the ...

Product and Supply Chin Design Synchronization

Supply chain Management (SCM) is a complex process, which often accounts for the as much as 80% of the total costs of the product. Product design determines the type of the operations, which the company should be able to manage within the supply chain. As such, even a change in the sales channel, which affects the manner in which the finalization of the product is handled already brings numerous challenges to the supply chain. One of the good examples of this change, affecting the companies is the organization, selling the variety of goods through direct marketing channel of independent ...

The Problem Statement

Imagine you are in charge of development of a developing economy and were approached by a multinational corporation interested in locating in your country.

Identify some of the benefits and some of the costs to the host country from the allowing the multinational corporation to locate to a country with a developing economy. Discuss with your classmates if development assistance from world development agencies, such as World Bank or United Nations, would be preferable to private investment.

Introduction

The above statement is a situation of Foreign direct Investment ( the investment into business in a country by a company of foreign ...

1.a. The Good Housekeeping seal is a benchmark for the consumers who shop for the regular goods needed at home and are not clear and confused regarding the products quality they purchase, and if they do not how to relate the products with various brands. The consumers who are young married women in their twenties and early thirties, with young children will attend to the Seal in product advertisements as they are still learners in shopping ...

Business

Q#1: In your own words, explain the concept of core values and include an example? The core values of any business mean to practice or exercise the most important and integral parts of the mission statement of the business. The mission statement of the business shows the purpose of the business and the mission of the management. Similarly, the statements from the CEO in the annual reports of the business also identify the mission and priorities of the business. These priorities of the business such as innovation in the products, the safety of the employees, maximization of the profits ...

In the given case study, my small manufacturing company is essentially attempting to increase the quality of our products in order to ensure faster delivery and streamline costs; at the same time, our sales are high. In order to achieve the goals that I must reach, an organization motivation plan must be created that ensures all workers have high job satisfaction, productivity and high-quality work, while also lessening turnover. Examining the situation, it is clear that the sales department itself does not necessarily need any changes in motivation, while the assembly, technology and administration departments do require an increase ...

Profitability Measures:

These ratios are used to analyze the profit margins of the company and is of great importance, both for management and investors, as through this they come to know the actual margins they are earning from their operations and after all the non-operatig expenses are deducted.

i)Net Profit Margins: Net Profit/ Revenue*100 ( Robinson, 2011, pg.143) Also known as Bottom Line Profit Ratios, these ratios indicate the net profit margins of the company after both operating and non-operating expenses are deducted from revenue figures..

ii) Operating Profit Margins: Operating Profit/Revenue*100 Calculated as ratio of Operating Profit and ...

The arrival of the Europeans (1450 – 1500) – at the onset of the 15th century, the Europeans had invented groundbreaking maritime technology. Their inventions were motivated by the desire to explore the rest of the world, Asia being the main target, thanks to its lucrative trade pioneered by Indians and the Chinese. The Europeans’ imperial ambition to explore the oceans saw the Asia-bound Spaniards land in North America. The arrival of the Europeans in America was of great significance to the entire world as it marked the beginning of the trans-oceanic trade, especially then that the great barrier between Europe ...

The summary of the data acquired has been done by the use of a scatter graph and a bar graph.

Bar graph Scatter diagram Series represent the various variables 1 to11 The numbers on the x axis represent the 12 months of the year The value on the z axis represent the total number of beds available in the said month

1 represents occupied bed % 2 represents the total % of vacant beds 3 represents the constant % of vacant beds The scale on the Y axis on the above histogram has been adjusted to show clearly the positive relationship between the number of occupied beds and the daily average of services. The figures read as divided by ten. An increase ...

Generally agriculture is the backbone of our country’s economy. The economy almost solely depends on our agricultural products which earns us a considerable income after exportation. Our major export earner in the agricultural sector is cotton. Cotton farming is practiced largely across the country and the country’s economy is majorly supported by the growth of this cash crop. It is, therefore, ideal that we proceed with caution and discretion when dealing with matters that relate to the production and sale of our cotton lest we end up destroying our own economy. We have to critically examine and ...

There is a dramatic change in the demands and needs of the health care system and debates arise whether the current health care system has become a market failure and whether government intervention is needed in order to address the current health care reform needs. At the onset, this author believes that the current health care system is not a complete failure, however, it is flawed that can be corrected through proper legislative reforms that will address the current needs of the health care system. The cost of health care services is rising, and this has a chilling effect ...

LRN Corp., a firm that helps companies to develop compliance and ethics programs, restructured in the past and they let go 250-employees by abolishing their department names and job titles. They also got rid of their human-resources department that was responsible for dealing with compensation and recruiting issues, among several other things. Many companies are seeking more accountability and flat management structures from their employees, leading many employees to frequently take aim at the human resources department. Executives are saying that the traditional HR department that claims dominion over all activities hiring, firing and maintaining workplace diversity, is responsible ...

BUSINESS AND MARKETING - The meaning of leadership has changed significantly over the past several decades. Initially leadership was associated with the ability of an individual to lead an organization or a group of people in the right direction. Over the years however the meaning of leadership has been replaced by management. Unlike management leadership cannot be taught (Safire, p.59).

- The contingency thinking approach is of the opinion that the best course of action in a given situation is dependent on the external situations affecting the decision to be made. This is very necessary in the study of ...

The Technofrontiers Company started its operation almost two years ago. It is expected to grow by 60% over the next eighteen (18) months. The company currently collects data using Web analytics and combines it with operational systems data. Web analytics is an increasingly vital part of most business marketing plans. The company is looking for ways to leverage the collected data, but wants to ensure that the information technology infrastructure will support the expected growth that the company is anticipating. The company will be expanding from one floor to three floors within six months. Since this is a relatively ...

1. Solving linear inequalities and linear equations is very similar. However, there is some discrepancy. Inequality sign changes into opposite when two parts of inequality are multiplied by a negative number. For example,, but. Besides, the solution of a linear equation is a single point while the solution of linear inequality is intervals. For example, we solve linear equation and linear inequality.

2. Quadratic equation can be solved in four ways (Tussy &Gustafson 65). For example, we solve the following quadratic equation: a) by means of quadratic formula:. ;b) by means of factoring. This method is used for solving ...

The United Arab Emirates (UAE) and Germany signed an agreement in 2004 for strategic partnership. The agreement enhanced and improved the ties between the two nations in economically, politically as well as culturally.

Looking into the economic partnership of the two nations it is considerable; given that the UAE is the biggest consumer of German products in the Arab nations while the UAE is German’s 10th largest export destination outside Europe. German’s exports to the United Arab Emirates in 2011 hit 7.5 billion bounds which is over 40 percent increase in 2007. The major exports of German ...

Fundamentally, rational long-term planning modes of strategic management have divergent effects on not only the external environment (which the business exists in), but also impacts on the survival of small businesses in the same sector. Strategic management is essentially a field of study which provides evaluations of business objectives and formulation of strategies with respect to large established business corporations. As a matter of fact, the study objectifies the provision of long time strategies for the success of big stable corporations. The businesses environment in which such corporations exist in are characterized by different types of pressures. There are ...

- Evaluate the market size and growth potential for EACH product category/industry

The worldwide energy drinks market accounts 8-9% of the global soft drinks industry and in India, the energy drinks market was estimated at $154.5 million and its expected growth rate is 28-30%, supported by Red Bull or Gatorade brands. Overall, the energy drinks market accounted &4.1 billion in 2011, having a growth rate of 14-15% (Technopak Food Team, n.d.).

Globally, the pain relief market valued around $20 billion in 2008 (Nanotech Inc., 2010) and it is expected to reach $34.6 billion by 2015 (Global Analgesics Market, 2010). ...

In this paper we summarize what’s written in the book “Elementary Linear Algebra” by Howard Anton & Chris Rortes. The book describes the basic methods of elementary linear algebra, linear nature of considering objects: vector (or linear) space, linear transformations, systems of linear equations, quadratic and bilinear forms. The main linear algebra tools considered in this book are systems of linear algebraic equations, determinants, matrixes, conjugation.

The book consists of ten chapters; each part describes one of the major areas of linear algebra.

The first chapter is “Systems of Linear Equations and Matrices”. A System of m linear algebraic equations with n unknown variables (or linear system, also used the abbreviation SLAE) in linear algebra is ...

The United Nations (UN) was founded immediately after the Second World War in 1945. The international organization was initially established by 51 country committed to developing friendly relations among member states upholding international peace and security, promoting social progress, promoting human rights, and improving living standards. Due to UN’s unique international character and the power within its founding charter, this organization can take action on a variety of issues. The organization can also provide a forum for its expansive member states so that they can express their views, through the Security Council, the economic and social council, the ...

Unions in the auto industries started emerging in the mid-1930s. The unions were mainly formed due to the production speeds in the production lines as well as the health and safety concerns that arose from the production(Bardou & James, 2009). The main union formed in the auto industries is the Union for the American Auto Workers. For over 70 years, the Union for Americas Auto Workers has set the pace in advocating for proper wages and working conditions for the employees in the American Auto industry. It also provides and fights for the pensions of the retired as well ...

Analyze the effect of externalities on market outcomes

An externality refers to an effect of a production, investment, and consumption decision on an intermediary party that is not considered by the party making the decision. For instance, opening a new business in an area. The decision of the place to station a new Wal-Mart is a crucial decision for the company. However, in the process of making this decision, the company will not consider every available alternative. An example of these externalities is that many of the other businesses in an area may experience larger or increased sales since the introduction of Wal-Mart will bring more people ...

According to International Monetary Fund (IMF), China recorded $6,747 nominal GDP per capita and $9,844 GDP per capita (PPP) in the year 2013. China's population approximation is at 1,392,472,656 people; its fertility rate is 1.58 births per woman, and life expectancy is approximately 73.49 years. Population growth rate of republic of china is at 0.46% per annum. China engages in international trade with countries all over the world, therefore, it experiences open economy (Cypher, 2014, p.237).

China has overtaken Latin America countries in competitiveness in international markets. Its well structured economy and strategic planning ...

Capitalism is based on a system of rewards and efforts. It essentially means that for better results, the employer, or whoever it is that desires good results, must motivate the workers through various methods, the most popular one being financial incentive. As a matter of fact, well rewarded person will deliver desirable results at all times. On the contrary, a poorly motivated worker will become unproductive, weakening the financial or economic performance. It is because of capitalism that the business interests are clearly separated from personal and family interests. A good business is one that prioritizes the organizational goals ...

Ans 1: Banque de France (BdF) and the French Central Bank (FCB) compile the data on Foreign Direct Investment (FDI) in France to understand the balance-of-payments. International Transactions Reporting System (ITRS) is used to compile the FDI data flow that is reported according to the sectorial analysis. The BdF, the French statistical institute (INSEE) and the Department of Foreign Economic Relations (DREE) collect the operations data of the partners of foreign Transnational Corporations (TNC) along with ...

The consumer market in the UAE is affected by different trends. One of the trends that have significance to Abu Dhabi Airport Company is that the consumer expectation for luxury goods and services is growing. Abu Dhabi Airports Company offer services to consumers in the transportation industry. There are thousands of people that visit the UAE every year and, one of the places that create a first impression is the airport. The Abu Dhabi has a world class airport, and the company should capitalize on this opportunity to offer world class service. In the UAE, people like expensive things, ...

International Business; Global Marketing

The Wal-Mart history and operational experience is the perfect explanation for the disadvantages and the advantages of the Foreign Direct Investment (FDI) in China (Roberts, 2013) and the investment climate scenario. The Wal-Mart is the biggest retail chain worldwide, and it has sales of approximately 374.5 million dollars and in China, the sales offered by Wal-Mart are diversified with the wide range of products it offers. The Wal-Mart in China is known as Sam’s club with over seventy branches in the country. Wal-Mart has diversified and expanded over the years since it has been ...

The world has become a global village and this has intensified the competition in almost every industry of the world. Human resource is the most important resource of the organization. The role of human resource is immense for organizations to gain competitive advantage in this highly competitive world. Organizations are investing a lot on this most important asset as they have realized the importance of valuing human resource. Organizations today are looking for individuals that have are good team players, have the ability to lead the team and that can help the organization in improving their profits. Over the ...

Multinational organisations present serious challenges in complying with international and domestic ethical norms. Particularly, multinational organisations currently experience various complications in assuming full responsibility of their actions to the society and environment. The manner in which an organisation can effectively foster a culture of ethical code in all its countries of operations, how to education employees on the importance of complying with the set regulations, and the most effective means of meeting the intricate legal and compliance obligations are some of the main challenges that face most multinational organisation. Even though ...

Question 1

The recession presents a situation in which firms have to re-strategize their marketing mix to ensure that they remain competitive in the ever dynamic market segments. In the case of SPSL its marketing mix has focused primarily on the product and the price. The Blair brothers have concentrated onensuring that the products they provide are of high quality and secondly that the prices of their services are towards the premium price in the market. Resultantly, the company SPSL has given itself a competitive edge over other plumbing companies in the South London region. With effect, the company ...

In the management of inventory by a firm there exist different techniques of valuing inventory at hand and that which has been acquired. The most famous and employed techniques are LIFO and FIFO.LIFO is an acronym referring to Last in First Out while FIFO refers to First in First Out.

The gross difference between the two techniques is how the inventory is valued before it leaves the warehouse to the processing unit,(walther,2012)

In last in last out (LIFO) model the inventory per unit leaving the warehouse is valued at the price in which the last acquired inventory ...