Essays on Consumer Goods

Procter & Gamble is a Multinational consumer goods company which was incorporated in 1905 in Ohio, United States. It manufactures several consumer products and offers around 65 different brands under several product categories such as “Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care” (The Procter & Gamble Company, 2016). The company sells its products in almost 200 countries and conducts on-the-ground operations in almost 100 countries.

Balance sheet

P&G follows generally accepted accounting principles applicable in the Unites States for presentation and preparation of its financial statements. Much like other publically traded companies, P&G also electronically files its annual, ...

Introduction

Wal-Mart is the world largest retail company operating both in the US and the international markets through joint ventures and subsidiaries in other countries. Wal-Mart was established in 1962 by Sam Walton in Brentonville, Arkansas and was traded in the public market in 1972. The company took anticyclical measures in the 90s by considering the international expansion. The company has established itself in Mexico, China, Canada, and Argentina. The company has successfully been able to establish a vibrant market by attracting more consumers through its Every Day Low Price (EDLP) (Horngren, 2008). This is a consumer centric approach combined ...

Argumentative Research Paper

Introduction In the recent decades, multiple economic, political and cultural factors have contributed to China’s increasing participation in the global market, particularly in the international retail. The country’s retail market is among the most dynamic in the world today, while the fast and decisive adoption of the technological opportunities for retail operations made China the largest e-commerce market worldwide with the sales revenue of estimated $589 billion as for 2015 (Tong). Chinese retailers readily use the modern technological means to reach both local and foreign consumers, which has led to the dramatic growth of China’s Business-to-Consumer ...

Relationship between inflation and interest rates

Introduction Predominantly, most economic agents base their decisions on the current and expected changes in the economic conditions. Variations in interest rates have been used as a major variable by most researchers and policy analysts. Additionally, the behavior of interest rates in the economy has been studied since the interest rate is a significant macroeconomic factor to help in the understanding of how it is related to other macroeconomic variables and its impact on the economy. Primarily, interest rates entail the percentage of the loan that lending institutions charge as interest to borrowers, and it is mostly expressed as ...

Customers all over the world require a variety of services and goods to satisfy their day to day needs and wants. Both goods and needs are designed by marketers to fulfill the unique taste and preference of customers. However, services and goods differ in various ways and the common factor that distinguishes a consumer product from a service is tangibility. For instance, when a customer buys his favorite brand of shirt, he can feel, handle and ultimately consume it by wearing. On the other hand, a tour service a client gets from a tour operator can neither be felt ...

Elasticity is a measure of the sensitivity of supply and demand to changes in factors that define them, primarily to a change in the value of the goods. (Mankiw, 2009) In quantitative terms, the elasticity means the degree or measure the response in one variable to the result of a one percent change in another variable value. The most important role in the elasticity of supply and demand plays a varying demand that depends on the prices.

The main factors influencing price elasticity of demand are:

Availability of high-quality interchangeable goods and the price level on them (the more substitutes and the lower the prices are, the more ...

Final Assignment (Microeconomics)  

Consumer goods are products purchased to meet personal needs of consumers, family and household consumption. Consumer products with regard to the nature of consumption (the degree of durability) can be durable goods (i.e. used for a long time (cars, refrigerators, cell phones, furniture, TV sets)); and non-durable goods (i.e. consumed immediately (bread, cigarettes, drinks) or in divided doses (soap, toothpaste, washing powder), including disposable goods (once consumed) and services (the object of sale in the form of actions, benefits or satisfaction)) (Krugman and Wells, 2012). Consumer goods cannot be used for industrial production, since they do not have the ...

The one year return on Microsoft stock has been 23.38%. In comparison, Technology index has increased by only 5.79% during the period. The performance of the stocks of some competitors has been lower than Microsoft as well, with Adobe giving a return of 20.83%, HP a negative return of 54.47% and Yahoo a negative return of 1.70% (Yahoo Finance). The one year return on PG&E Corporation stock has been 26.99%. In comparison, Utilities index has increased by 16.53% during the period. However, the performance of the stocks of some competitors has been higher than PG&E, with Scana Corp giving ...

Introduction

Multinational corporations across the world usually consolidate and present their operational results in financial and non-financial terms at the end of every term, usually a year. The financial aspect of reporting is supposed to comply with a clearly prescribed set of regulatory standards. The adoption of the International Financial Reporting Standards and GAAPs was meant to ensure that all compliant firms across the world produce financial statements that conform to the industry specific reporting frameworks and thus achieve a degree of uniformity in reporting. Different firms in operating in multiple locations operate under the strict guidelines of the specific ...

Internship Report

As far as I am an intern in the company, the learning process has taken the course as I have had two field trips to collect data about customer views of the company’s products. Being new to this place has been a challenge but am happy about the teamwork. All employees that I have had an encounter with have proved that they are ready to learn from others. This makes them friendly to me as an intern. They help where necessary for the good of the company. Learning is a process and has already taken the course. Various ...

Executive Summary

This section looks into the inception of Disney Store in South Korea, which is the country of interest. Disney Store is a retail outlet that specializes in sales of merchandise that are unique to Disney. Disney Store traces its roots back in 1987, in Glendale, California. A country analysis of South Korea was done with detailed information being noted as far as population, GDP, per capita income, aesthetics, political system, legal system and the living conditions in the country just to name a few of the areas tackled. This was followed by an economic analysis of South Korea where ...

Maslow’s hierarchy of needs is a triangle comprising of five levels of needs. Physiological needs (such as baby food) are at the bottom but the largest level (Hollensen, 1). To progress to fulfill higher needs, food must be provided. Food is an integral part of psychological processes and must be provided for the body to work at optimum levels. Lack of food will result in malnutrition, which is apparent to the naked eye (Sheth and Rajendra, 99). Chinese business systems are unique and sophisticated as attested to by their highly developed systems and practices (Hollensen, 3). A wide ...

Identification of Supply Chain Risks in India and China with Proposed Solutions

Introduction As the business world is getting more complex with the rise of globalization pressures and increasing intensity of the global competitive forces, it is critical that organizations must deal with certain risks they are exposed to. Operating in multiple markets with integration into the global economy, businesses face enormous challenges and risks that not only raise the cost of doing business but also cause the loss of competitive edge in the respective market arena. It is necessary that organizations willing to expand their operational activities in other countries should anticipate different risks they are going to face while ...

Slavery existed in the Americas from the early colonial days and its rapid rise was observed in the XVIII-XIX centuries in Brazil, the Caribbean and the British and French colonies in Northern America when the world trade was actively growing and there was a shortage of labor. The major countries in Europe were able to turn the slave trade into a very profitable business. At first the Portuguese and later the Dutch and the English began to export slaves from the West African coast to the different destinations in the New World. The Middle Passage became a vital part ...

Consumer prices are changing over time due to the various factors. In order to compare the economic performance on the different levels it is necessary to establish the specific index pointing out the overall tendency of the changes. The Consumer Price Index is commonly used all over the world. That is why it is important to analyze the main principles of its application and identify this term in details. The ways of calculation of this index are slightly different in different countries. Therefore we shall thoroughly discuss the means of the comparison applied by national economies of different origin. ...

Consumer goods and services industry “includes industries and companies focused on manufacturing, distributing and marketing finished products that will be used by the general public” ("DMOZ - Business: Consumer Goods and Services", 2015). Consumer products include small appliances, food, beverages, toiletries, cosmetics and the like. This sector is not only a large contributor to the economy and the gross domestic product of a country; it also channels money into the retail and advertising sector. The consumer goods and service industry in Qatar includes Zad Holding Company, Qatar German for Medical Devices, Salam International, Medicare Group, Qatar Cinema and Food ...

Introduction

Pop Art or Popular Art originated in the Great Britain around 1950s. The word pop was first used to define popular culture existing but as the artist started using popular culture in their artwork the Pop art was created. Although the Pop art movement started in Britain, it achieved its full expression in U.S. American soil nurtured the movement providing a solid base for Pop art. It flourished so much in America that it became an integral part of American everyday life. The art found its way into things like newspaper photographs, Advertisements, Coco cola bottles, used car parts ...

Introduction: Gay Subculture in America

Subcultures can be defined as the individual domains which fall within the canopy of a giant culture. The American society has been marked with various subcultures defined by their ethnicity, habits, rituals, age-groups, etc. However, each of the subculture is truly American in spite of their individual preferences and choices of living life. Among these various cultures, the most controversial one has been the presence of the LGBT (Lesbians, Gays, Bisexual, and Transgender) community members. However, the term ‘Gay’ stands as the community identity for this entire subculture because a lot of upheavals have occurred in the American Socio-political ...

Claim

Is it permissible for organizations in the pharmaceutical industry to engage in aggressive product promotion using nonfactual fictional information to woe clients at the expense of their health?

Explanation of the claim

In the recent years, there has been stiff market and product competition in the pharmaceutical consumer goods; the increase in the number of the products in the market due to increased technological advancement which has made production easy. Easy availability and affordability of technology to manufacture pharmaceutical products in the 21st century has made it easy for new producers to enter the market which has increased the production of substitute pharmaceutical ...

Opportunities and Risks of Investing in India

Background Information on Indian Business Environment In India, the political setup is governed by stable democratic environment. Eighty percent of its population belongs to the Hindu community. The economy has been posting a growth at a stable rate of seven percent. On an average, starting a new business consumes approximately twenty five to thirty days. Average tariff rate in India is seven percent. The government, when it comes to procurement, give enormous preferences and favours to local firms. Foreign participation is limited and the financial sector of India is dominated by state-owned institutions. Investment climate in India is trader ...

Introduction

As the pressures of globalization are increasing for all businesses, it is important that different marketplaces and economies should be integrated with one another. For this, it is observed that increasing number developing countries are accessing different market arenas to improve their economic growth by entering into trade relations with other countries. In this regard, this paper is written to make an important discussion about the net benefits provided by international market access to developing countries. Different benefit which a developing country can derive from entering other markets and entering into trade agreements with numerous nations is highlighted in ...

It is important for companies dealing in the production and distribution of fast moving consumer goods (FMCG) to have a solid operations/ supply chain strategic plan. This helps to establish viable connections and communication between a firms internal and external process that facilitate business effectiveness . The underlying intention of the operations/ supply chain strategic plan is to increase revenue while decreasing revenue related costs. This document outlines the development of an operations/ supply chain strategic plan for a company in the fast moving consumer goods industry dealing in the production and supply of 10 oz cans of tomato soup. ...

Commentary A: The Effects of a Slowing Chinese Economy on the World

Last year, the Chinese economy reported a 6.9% growth rate for the economy overall (The Economist Staff 2016). For all intents and purposes, a 6.9% annual growth rate is immensely healthy; a country like the United States generally experiences a significantly lower growth rate for a number of reasons. However, the United States is considered a developed nation, while China is still in the developing stages of growth (Qi 2016). However, despite these respectable numbers, some economists are quite alarmed at the current situation in China—and some have even begun to draw attention to the slowing Chinese economy ...

Stock Analysis: PepsiCo

Summary: Current Price of stock: $103.78 Projected Price of stock: $159.98 Recommendation: Buy About the company Founded in the year 1898, PepsiCo is an American multinational company that manufacture and process food snacks and beverages. Headquartered in New York, Pepsico is the the behemoth of food and beverage industry in the United States with annual revenue of $63.05 billion. The company owns a series of brands such as Frito Lays, Tropicana, Mountain Dew, Quaker Oats, Gatorade, et cetera. By the end of 2015, the company had employed 263,000 employees and was selling its products in more than 200 ...

Internet Marketing Strategy

ChinaVit! Internet Marketing Strategy For the purposes of designing and developing a strategy, ChinaVit! will be employing primarily a business-to-consumer model, which is important when determining the most appropriate manner to brand the company in China. Determining the optimal way to enter the Chinese e-commerce market model is also exceptionally important, and involves the development of a thorough understanding of the overarching, governing marketing principles that are the key features of Chinese society as a whole. It is, of course, important to attract as many customers as possible using this new strategy; however, it should also be recognized that ...

During the 19th and 20th centuries, production grew rapidly and supply far exceeded the consumer demand. As a result, scarcity of goods was replaced by surpluses causing the markets in America to reach a point of saturation. In such a scenario, the business community and the economists opined that the problem of excess production could be effectively countered by boosting public consumption, which in turn would help the economy to grow (Beder 2). With an aim to increasing business profits and maintaining work ethics, businessmen and economists promoted consumerism by enlisting the working class along with the existing consumers ...

Introduction

Tax forms one of the major sources of government revenue; it contributes to economic growth and development as well as the overall prosperity of a country. Based on the method of collection, a tax system can be flat, regressive or progressive. The progressive tax system entails increasing taxes with an increase in individual or household income. The regressive system involves decreasing tax as income increases while the flat tax is a system where everyone pays the same tax irrespective of the income (Roach, 2003). The tax system adopted in a country depends on set objectives, its impacts on taxpayers, ...