W3 Quiz Solutions Essay - 668 Words

BUSN 5200 Quiz for week 3 Note: In the questions below, the correct answer is identified with an asterisk 1. (See Exhibit 2-2 on page 58 in your BUSN 5200 Custom text Version 2) Assume Main Street Store’s Net Sales in 2010 were $1,000,000 and it’s Net Income in 2010 was $17,000. Thus, between 2010 and 2011 Main Street Store’s net sales increased 20%. During the same period what percentage did net income increase? a. 5.6% From Exhibit 2-2 on page 58: b. 17.0% 2010 net income: $17,000 2011 net income: $18,000 c. 5.9% * Change: $ 1,000 Percent change = $1,000 / $17,000 = .0588, or 5.9% d. 94.4% 2. (See Exhibit 2-2 on page 58 in your BUSN 5200 Custom text Version 2) In 2011 Main Street Store’s†¦show more content†¦a. Buying equipment $(40,000) b. Paying off debt no pay down of debt in 2011 c. Increasing inventory * $(170,000) See Exhibit 2-4 on page 62 d. Paying dividends * $(5,000) 7. (See Exhibit 2-4 on page 62 in your BUSN 5200 Custom text Version 2) What happened to Main Street Store’s Cash Account in 2011? a. It increased * From Exhibit 2-4 on page 62: Increase in cash during 2011 = $34,000 b. It decreased c. It stayed the same d. You can’t tell without further information 8. Which of the following is true about McDonalds Corporation? a. Between 2010 and 2011 total revenue increased by a higher percentage than net income. * 2010 2011 Change Percent Change McDonalds Total Revenue $24,074.6 $27,006.0 $2,931.4 .1218, or 12.18% McDonalds Net Income $4,946.3 $5,503.1 $556.8 .1126, or 11.26% http://www.sec.gov/Archives/edgar/data/63908/000119312511046701/d10k.htm#toc37660_19 Scroll down to page 28 b. Between 2010 and 2011 total revenue increased by a lower percentage than net income. c. McDonalds’ sales decreased between 2010 and 2011. d. McDonalds’ net income decreased between 2010 and 2011. 9. McDonalds’ net worth (in millions) at the end of 2011 was: a. $16.6 b. $0 c. $14,390.2 * See http://www.sec.gov/Archives/edgar/data/63908/000119312511046701/d10k.htm#toc37660_19 Scroll down to page 29 d. 32,989.9 10. Which of the following isShow MoreRelatedEssay on Midterm Questions6765 Words   |  28 Pagespast decisions related to budget or employee benefits were made by the managers involved True 10. List, in order, the steps to include in a rationale Step 1-title 2-identify the problem globally 3-narrow the problem 4-state a proposed solution 5-state what can be gained from the program 6-state why the program will be successful 7-provide references 11. In order for resources and support to flow into health promotion programming Decision makers need to see values from the program Read MoreInternational Financial Accounting155754 Words   |  624 PagesLearning Media Ltd BPP House, Aldine Place London W12 8AA www.bpp.com/learningmedia Printed in Great Britain We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The suggested solutions in the exam answer bank have been prepared by BPP Learning Media Ltd, unless where otherwise stated. All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any meansRead MorePepsi Supply Chain13753 Words   |  56 PagesSupply Chain Management Adel Abou Heneidy 143 Symbols in logistics network Supply Chain Management Adel Abou Heneidy 144 Network Design Tools: Major Components †¢ Mapping – Mapping allows you to visualize your supply chain and solutions – Mapping the solutions allows you to better understand different scenarios – Color coding, sizing, and utilization indicators allow for further analysis †¢ Data – Data specifies the costs of your supply chain – The baseline cost data should match your accountingRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 PagesPoint/Counterpoint Player–Owner Disputes Are Unnecessary 471 Questions for Review 472 Experiential Exercise A Negotiation Role-Play 472 Ethical Dilemma The Lowball Applicant 473 Case Incident 1 Choosing Your Battles 473 Case Incident 2 Mediation: Master Solution to Employment Disputes? 474 S A L 15 Foundations of Organization Structure 479 What Is Organizational Structure? 480 Work Specialization 480 †¢ Departmentalization 482 †¢ Chain of Command 483 †¢ Span of Control 484 †¢ Centralization

The French Revolution, A Tale Of Terror And Hope For Our...

Antonio Florez His -131 L. Parker 04/29/16 The French Revolution The topic that I will be writing about is the French Revolution and how it affected France as a nation. The book that I read was The French Revolution, A tale of Terror and Hope for Our Times, by Harold Behr. This book gave a very large and broad overview of what transpired during the French Revolution, which occurred during the years of 1789-1799. Though the book covered a lot of material that happened throughout those years, I will be covering the main topics, such as what were the events leading up to the revolution, how the revolution affected the people of France, how the revolution affected the country as a whole, how the revolution affected the world, and whether or not the revolution in the end helped or was more detrimental to the country. All of the topics will be covered from my point of view and how I interpreted the author, there is another point of views on the revolution but this will be from what I felt the book meant to me. The events leading up to the French Revolution were many things, but the biggest and most recognized by historians is the fact that the French government was bankrupt due to funding the American Revolution. This lead for the king, King Louis XVI to raise taxes just like any country would. The only problem with what he did, was he was not taxing everyone. He was just taxing the poor, the people with the least amount of money. This left more wealth for the clergy and theShow MoreRelatedPolitical Elements in A Tale of Two Cities by Charles Dickens1228 Words   |  5 PagesA Tale of Two Cities has many political elements in it, as the novel discusses the different monarchies in France and England. 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Then it takes a turn for the worse and leaves our characters in a disarray, tormented, confusedRead MoreEssay on Critical Circumstances of the Vietnam War1607 Words   |  7 Pagesfailure to demolish the Vietnamese Communist Government . It should be noted that many years before America was directly involved with the war, Vietnam, Cambodia and Laos were under French colonial rule where the Viá »â€¡t Minh (the communist nationalist independence coalition) spent many years fighting for freedom from the French. In 1959 the Geneva Conference permitted the foremost powers to come to an agreement on Indochina which would temporarily divide Vietnam at the 17th parallel. Going forward, theRead MoreSacrifice in A Tale of Two Cities written by Charles Dickens1778 Words   |  8 Pagesto be Charles Darnay, and he perishes when he gets executed by the guillotine. By sacrificing himself, Sydney allows Charles and Lucie the opportunity of escaping the terror during the French Revolution. 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It traveled quickly to the Western Hemisphere, and in its musical form has triumphed around the globe, so that from London to Boston to Mexico City to Tokyo to Vladivostok to Oslo, the most popular orchestral music in the world is that of the romanticRead MoreTale of Two Cities4458 Words   |  18 Pagess Tale of Two Cities – Study Guide Questions 2008 Use these over the course of your reading. They are very helpful if you use them!! Book I: Recalled to Life Book I, Chapter 1: The Period 1. What is the chronological setting of this opening chapter? What clues enable us to determine The Period? 2. How does Dickens indicate the severity of social conditions in both France and England? 3. Who is the king with a large jaw and a queen with a plain face? 4. How does DickensRead MoreEssays on Vehicular Pollution3733 Words   |  15 Pagesintellectual/artistic movement has had comparable variety, reach, and staying power since the end of the Middle Ages. 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It follows naturally that if the subject matter and ambiance are affected by Wordsworths life then so would the themes and images of the poems. For these reasons, the poems have been separated into three distinct

What is an Interest Group Free Essays

An interest group (also referred to as advocacy groups) is an organization organized by a special set of people with specific skills to lobby for or against a specific interest to benefit their cause. They usually lobby for one or more shared concerns to manipulate public policy and opinion especially in the U. S. We will write a custom essay sample on What is an Interest Group? or any similar topic only for you Order Now Congress to benefit their cause, supporters, or one segment of society. They include a vast array of organizations such as: charitable organizations, civil right groups, corporations, professional and trade organizations, etc. Their main goal is to publicly or discreetly promoting and creating an advantage for its cause. Different types of Interest Groups There are a variety of interest groups such as business/trade organization, agricultural groups, professional groups, labor groups, promote causes groups, promote the welfare groups, religious groups and last but definitely not leads public interest groups. A business/trade organization is created by merchants, business personal’s or owner’s and commercial organizations to represent both small and large business groups. An ideal example of these groups are the U. S. Chamber of Commerce, American Bankers Association, National Association of Manufacturers or N. A. M. (www. srvhs. org. Aug 26th, 2012). The sole objective of an agricultural group is to sort and look after the interest of farmers and farming policy. They represent a variety of farmers in the agricultural sector in the work force who specialize in diary, grain, fruit, livestock etc. Anything pertaining to farming and their specialized products. Arguable the most known agricu ltural groups are the National Farmers Union, The National Grange, and the National Farmers Bureau. Professional groups are classified as occupations that require extensive training through a certificate or higher education such as education, medicine and law. They are created to promote and protect their member’s occupational interests and safety. Examples include The American Medical Association or AMA, The American Bar Associate (ABA) , and The National Education Association (NEA). One of the well known interest groups is labor unions. It is an organization of workers who share the same type of jobs or work in the same industry. (www. srvhs. org. Aug 26th, 2012). They press the government to formulate policies that will be beneficial to their members. The largest and most well known labor union is the AFL-CIO (The American Federation of Labor Congress of Industrial Organizations). Organized labor unions usually advocate with one voice on issues ranging from welfare to Social Security, employment and wages, etc. Promote causes groups are a large number of groups that either promote or advocate against a specific their members demand to be voiced upon. Examples include and not excluding the American Civil Liberties Union (ACLU), The National Right-to-Life Committee, the National Wildlife Federation (NWF), Planned Parent and the National Rifle Association (NRA). Promote the welfare groups are defined as interest groups seeking promote interest of a certain segment of the population and its welfare like minority groups. They include the American Legion, Vetarens of Foreign Wars, American Association of Retired Persons (AARP), National Association for the Advancement of Colored People (NAACP). Religious groups are interest that try to persuade policy in the favor of religious matters. Examples include the National Council of Churches, the Christian Coalition, the National Catholic Welfare Council, the American Jewish Congress, and the Anti-Defamation League. How to cite What is an Interest Group?, Papers

Customer Experience Model Retail Brand and Positive

Question: Discuss about the Customer Experience Model for Social Environment, Retail Brand and Positive? Answer: The background of this case study is based on the Home Depot, China an US based home decorating company that was facing the problem in China. The issue of the company was related to the international business as well as change in the environment of the business that was not an uncommon matter in the industry. In this context, the company has faced the different culture due to different demographics in China (Pinterest, 2016). The company had a strong background in the USA before going to China. It had its presence in many countries as well as in the home country. In the meantime, the company had grown since 1978 as the home dcor and the home developer for the American citizens. The companys operation was been scheduled as presenting it towards the contracting business for the retail business. The service of the company was termed as the highly valuable for the customers. The home decorating division is known as Expo design center. The company is specialized in decorating the home as well as furnishing with suitable illuminating designs (Bhasin, 2016). Therefore, the companys trading division has contributed much to the business of furnishing the personal home and the online business of serving the customers in many domains. The company can provide the customers outdoor as well as indoor furniture. The furniture made of wood as well as organic fiber. The company has the business of film production materials as well as power tools for the retail segment. The company had faced the problems regarding the international expansion like China as the culture of the Chinese people was different. The main problem was to encompass the local people in the business who can understand the local issues and related sentiments of the customers (Burkitt, 2016). The assembling line of the furniture and other decorative products was necessary for the company as the Chinese people liked to pay for serving their needs and demands. Home Depot had tried to shake up its strategy by opening niche product and service based stores in China for getting more revenue from the Chinese people in this segments (Feng, 2014). Analysis The major problem faced by the company is to sustain its business in China where the culture of the people is different. It started its venture in the country by acquiring the local home improvement retailer The Home Way. It was the acquisition of the twelve stores spread over the six cities in the country. The recent move of shutting down majority of the stores in the country has made the companys presence in the limelight of the Chinese media. The companys policy of assembling the furniture by the customers was not appreciated by the Chinese people as they liked to pay to the people who worked for them. In this context, it was also found that the demand of the Chinese consumers regarding the products was different as well as the specialty of the goods for selling to the Chinese people (Breazeale Lueg, 2011). In this regard, the projection of the business did not look good for the company in China as their strategy of running the business did not work out since opening. The same pr oblem has been happened for other retailers as they could not find the feasible option for the cultural differences in China. Ikea had the support to its customers by providing labors for assembling the furniture. The condition of sustaining the business of retail products in the country has been demoralized with the low labor rate in the country. Thereby, the assembled or non-assembled furniture could not be feasible for the company as the culture of the country was different (R. Dhanya Dr. S. Ramachandran, 2011). The cost of the labor was too low in China. In this regard, the information from the case study showed that the labor charge in the country was too low, especially in the suburban and small city area. Further, the big cities like Beijing and Shenzhen had the access of high pool of labors in numbers who work at low cost. Therefore, the strategy of Ikea to provide the service from the labors was successful in China as the Chinese people like to hire them to work with their service of labors for assembling the furniture ("Retail Brand Building Through Promotional Communication: A Study That Focuses on Category Killers Promotional Flyers", 2011). Another problem was seen for the foreign companies in China to react quickly according to the needs of the market and the market. The climate of Chinese retail industry was much complex compare to other countries. In this context, we have seen that the Chinese retail companies do not hold their inventory for many days (Narteh Kuada, 2014). The foreign do not follow the instinct of the local retailers. They had the tendency of making huge inventory for the products they want to sell in the market. Competition in the retail market of China is too tight for the foreign companies due to price differentiation from the local retailers. The Chinese sales persons are hired for the local players to sell their products who know the local culture and add value in their selling technique. However, the foreign people were hired by the foreign companies for retail sales jobs in the Chinese markets. This was a major flaw in selecting the market representatives in retail segment by the foreign retailers in China (Liu, 2009). The trend of the sales of retail market in this country by the Chinese companies was seen to be sluggish due to lack of knowledge of the local markets and the local culture of the customers. In this regard, the product mix marketing of the Chinese retailers are based on the brand based. The consumers could see and observed all the products of the same brand at one place. However, the foreign retailers, especially the American retailers displayed the products of the diffe rent brands category wise at the same place (Nadiri, 2011). The presentation of the events of the selling retail products in China differs by their traditional culture of retailing by the foreign companies. Different taste of the consumers in the country is also a factor for the foreign practitioner in retail segment. The taste of Chinese people did not match with that of the American people as they do not think to pay attention towards the local cuisines much. However, the Chinese people were very exact about their culture and taste regarding their fashion, decoration, food habits and buying habits (Liu Pearson, 2010). This was developed due to their different culture and ethnicity in society with traditional familiarity towards the social interaction among each other. The recent closure of the stores of Home Depot would make the loss of assets as well as the value of the company. The closure would cost the company in reducing its book value of the shares by 10 cents per share for the parent US arm while there would be much complication in balance sheet due to impairment of goodwill and severance charges for closing the foreign units. In this way, the value of the brand would be deployed due to losing the business of the associates of the company (Sun Ma, 2009). The number would be almost 850 who would be paid the severance package due to their loss of closing the seven stores throughout the country. The issues would be addressed in the share price of the company as the earnings per share will be affected too. The old employees in the closed stores would be retained in the specialty stores of Shenzhen and sourcing office of Shanghai. Alternatives There are many alternatives are possible for the foreign retailers in China. The current context had delivered the information of the changes in the country due to social and cultural difference in the country (Yu Zhang, 2011). Thereby, some of the strategies to run the retail operation of Home Depot can be used to control the current situation and develop the same in the country. The main alternative strategies are as follows: The selection of the salesman in the Chinese stores must be changed for the company as they need to recruit the local people to understand the values and sentiment of the local consumers. The pay and rewards must be in competitive way for the sales department so that maximum output can be achieved from them (Yu Ramanathan, 2012). In this way, the company can achieve the higher sales in their furniture and decorative paints in Chinese market. The cost regarding opening the owned stores may not be feasible for Home Depot as the cost associated with own stores are always high. The management may think about changing the model of business in China by opening the Franchise mode of business in selected cities where the competition is higher from the local retailers. In this way, they can reduce the price of the products and may take place in the competitive market in their products ranges. The company must hire the local labors to fix their furniture and other goods for the customers. This strategy will maintain the taste of the Chinese customers of paying the workers for their activities as well. Further, in this case, Home Depot can acquire the taste of the customers by providing them their requirements. Market research is very important for the customers as they need to rethink before making any move and investment in the foreign market. Home Depot must conduct thorough market research for the different province of the country as the culture and taste of the different provinces are different in China. It may reduce the sunk cost of the company for future expansion in the country. Selection of decision criteria The decision criteria for the alternatives would be based on the alternative strategies selected for the company. In this regard, the management of the company has to select the key decision criteria for making all the changes as followed: Competition with the rivals and especially with the local retailers is the main decision variables in this case to be considered by home Depot. Thereby, the answer of the question of being competitive in the local market with the alternatives must be evaluated. The reaction of alternative in view of financial risk of the company Home Depot must evaluate the financial risk of the alternative strategies. We had the clear evidence of making loss in Chinese segment for Home Depot. Therefore, the management must make decision on basis of the financial feasibility and investment risk associated with the strategies. How far the management may control the operation in franchisee mode? That is the major question in decision criteria. The franchise operation may reduce the control of providing the service and the quality of the products of Home Depot. Analyzing and evaluating the alternatives The decision criteria from the above section can be seen and the alternatives can be assessed individually for evaluating the appropriateness of the alternative strategies. Recruitment of local salesman The issue of understanding the local culture and taste of Chinese people is the main concern here. Therefore, recruiting the local sales person in the stores may provide the company an edge of projecting the taste of the local community to increase its sales. The analysis of this alternatives in basis of the decision variable 1, we can see that competition in the market can be won by Home Depot in this due course. The competition in the market is not only present because of competitors low priced model of business, but also the competition is present due to stay with the culture and the taste of the consumers in Chinese market. The financial risk associated with the alternative is initially risky proposition for Home Depot as the local people has to be recruited as well as they have to be trained for understanding the system of the company. However, the cost of rewards and the salary will be varied on basis of the performance from the selected sales person in the stores. However, the risk increases gradually due to better performance from the sales person in the stores and increase of sales. The commission based payments increases the risk of paying more rewards; hence the low profit may be increased. The management control in the franchise based model can be increased by recruiting the local people. However, the experience of Home Depot in the country for acquiring the local people may enhance the risk associated with the crocodile. Local people can be employed; but not in the top position of the firm. Employing the local at managerial level people may reduce the risk associated with bankruptcy. Cost associated with the new stores in the country The new stores in China cannot influence the taste of the local people by anyway. The alternative of flexible and convenience of the store location may provide the customers an edge of finding Home Depot store. However, it is not the feasible option for the company to become competitive in the market as there are numerous retail stores of the same products in the local area. Opening the new stores in different locations may have financial risk as the management has to find out the feasibility of making the investment decision. In the meantime, the investment for the new stores in the new location may not be feasible as the company has suffered huge loss in the country since inception. The new stores will provide the company entire control to the management to operate the store. Management may not have the entire operational control over the franchise opened stores in the area. The products and the service from Home Depot can be supplied and sold to the local customers through the new stores in a new place. Usage of local labors The local labors may add the feature in the companys profile for serving the customers. The service of providing the customers of do-it-by-me can be provided with special charges as well as a nominal rate of profit also can be made from this new arm of service. This proposition can help the company to reach the local customers taste and the needs. The financial risk associated with hiring the local labors for providing the customers service for the goods as well as assembling the item lines. The risk associated with hiring the labor will make the funds at risk for Home Depot due to initial payment to the labors. Further, the risk of paying wages to the fixed labors while there will not be any orders. Hiring the new labors in the company for serving the customers better may not provide the entire control over the operation to the management. The process of hiring if direct then the management may have the entire control over the activities of the labors. The service to the customers can be provided as per the requirement of the business. The outsourcing of the labor may reduce the financial risk associated with the direct labor charge. However, the management may not have any control over the service provided with the hired labors to the customers for assembling the furniture. Market research The market research of setting up the business may be found important in this business. The competitiveness and surviving in the market for Home Depot is possible through conducting market research in the local area. It may provide the company long-term competitive advantage whereas the demand of the products from the local customers can be understood by the management. The financial risk associated with the project is null as the cost associated with the project of researching the market is not recoverable from the direct point of view. It is a sunk cost, which cannot be redeemed from the operation of Home Depot. Therefore, the risk associated with the investment cannot be measured by any means. The management may not have any control over the market research. The research must be conducted in such a way so that the true and the neutral information is reflected in the results from the research regarding the feasible option of conducting the business. The control over the market survey by the management is not desirable as they may influence the result of the market survey. Selection of the preferred alternatives The selection of the alternative solution to the recent issues faced by Home Depot may as followed: The analysis of the alternative market solution and the internal change in the company showed that the usage of the local labors in the business of serving the Chinese customers is the best solution to Home Depot. The company may find it feasible due to its simplistic nature, low cost and abundance of the resources. The labor service in the business may provide the sustainability and remove the present problems in the operation and the business may provide the profitability. Developing the action plan The Home Depot is recommended to run the Chinese market using the local labor serving policy where the customers will be served through companys own labor for fitting and providing the after sales service. However, the local sales personnel are also required for improving the revenue for the business. Hiring the local labors in contract: The cost of hiring 1 labor = RMB1000 / month Required labor for each store = 12 Open stores in numbers = 7 in present Therefore, monthly expenses for retaining labors = RMB 1000 * 12 * 7 = RMB 84000 Annual expenses for paying the labor will be RMB 1008000 The expenses related to train the local labors about the products and service including their responsibilities will need extensive training and induction program The expenses towards training the labors are considered to be RMB 200 per week. Total expenses towards training will be RMB 200 * 2 * 84 = RMB 33600 Hiring of sales person Salary = RMB 1200 / month Numbers required = 6 per store Total expenses for salary per month = RMB 6* 1200 * 7 = RMB 50400 Commission paid per month per sales person = RMB 2000 (average per person) Therefore, commission expenses = RMB 84000 Total salary per month = RMB (84000+50400) * 12 = RMB 1612800 Growth The sales for year 1: RMB 15000000 Expenses due to salary and wages = RMB 1612800 COGS 40% of total revenue = RMB 6000000 Operating profit = RMB 7387200 Therefore, the actions taken to revive the business in positive way is feasible from the estimated operating profit of the business in China. References Andajani, E., Hadiwidjojo, D., Rahayu, M., ., D. (2014). Customer Experience Model: Social Environment, Retail Brand and Positive WOM.RBM,2(1), 25. https://dx.doi.org/10.5296/rbm.v2i1.5823 Bhasin, K. (2016).Why IKEA Took China By Storm, While Home Depot Failed Miserably.Business Insider. 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