Question a
The company we have chosen to work on is called Scales Corporation New Zealand. Scales Corporation is a agricultural business which focuses on three main categories which are storage and logistics,food ingredients and horticulture.In this assignment we are going to focus on the horticulture division of the Scales Corporation which is the Mr Apple Company New Zealand.Mr Apple company is a company that grows, pack ,ships and exports apples to over 60 countries.Mr Apple exports 97% of its apples and it exports 25% of New Zealand apples.This means that for every four apples exported by New Zealand, Mr apple ships one apple out of every four exported in New Zealand.Mr apple mainly exports apple to the Middle East and Asia , UK and Europe .In 2015 only, they exported 4.17 TCEs of apples to 159 customers in 40 countries and half a billion apples were picked from Mr apple orchards.According to the company 's 2015 annual report ,Mr apple was the one that provided most of the revenue for the Scales Corporation because it exceeded the targets that they ha set in the previous year.Mr Apple makes huge surplus because they export diversified quality of their apples to meet different needs of consumers thus they have a large demand of apples.MrApple made 40million dollars and this was 66% above the forecast
Questions b
Mr apple exports in over 60 countries and the main currency the use to conduct business in is the $USD.According to the company 's financial report
1) Economies of Scale: with regards to Economies of Scale, we have Product-Specific ones with regard to the fact that there is a minimum efficient scale of production in the industry, without which firms wouldn’t survive in the environment; requirements, in this case, are 75 million pounds of cereals per year to be efficient.
As an illustration, under the program of Horticulture Industry Network, the DEPI has funded the fruit growers to improve the productivity of the system (RMCG 2013; Adam 2013). Furthermore, Victorian Coalition Government program has made an investment of $1 million for improving the skills of workforce in advance to stimulate the economy of the region (Department of Education & Training 2014). The Goulburn Valley Industry and Infrastructure Fund also aligns with the goals by creating employment opportunities, driving the development of production systems as well as the economic growth through supply chain (Apple and Pear Australia Limited 2014). In addition, fruit growers approach the local government to discuss the QFF issues for pest and disease control (Brumby
Kudler is planning to have an annual revenue increase by 5% within 12 months breaking it down to four categories. A quarter percent gain is anticipated in the projects launch as well as the training of employees’. Profits will increase by a half of a percent during the assessment and alteration of the project with the promotion of the Frequent Shopper Program taking place at this time as well. In each phase of the development customer satisfaction will increase so will revenue, which will lead to an overall increase of 4.75% (Kudler Fine Foods. (2004). Apollo.).
The agricultural industry: the farms, plants, animals, and farmers, have supported this great country for so long, but lately we have turned our backs on it. Today, we live in a materialistic society, people wanting more and better items, not settling for products that will accomplish the same job.From looking at the fruits and vegetables in the grocery store, we see the bruised or smaller ones left, while the big and brightly colored ones are selected first. In our society today, changes are constantly being made to help expand and evolve the agricultural industry, but it has yet been able to do so. To this day farmers across this nation have not been completely successful in providing for the people who make up this country. In the stores
The opportunity cost of increasing the annual output of potatoes from 600 to 800 pounds is
This is because Apple Inc. needs to maintain its revenue by selling it at US Dollars currency. However, when the products distribute globally, there are countries like Malaysia, Indonesia or other third world countries where they have a very lower currency which might jeopardize Apple Inc. sales and revenue. Through my observation, Apple Inc. never decrease their price through currency and sooner or later the sales of Apple Inc. will drop by stages through
Horniman Horticulture is profitable, and sales growth exceeds all industry benchmarks. The cash flow for the business remains a problem. In 2004, the business’s days sales outstanding were more than two times that of the industry benchmark. Operating improvements created a cash flow problem. Extending credit terms gave customers more time to make payments. This limited the cash flow for the business’s operations. Inventory was another problem of the business. In 2004, the business’s days’ sales in inventory exceeded 50 days compared to the industry benchmark (exhibit). With inventory sitting on the shelves longer than necessary, this lowered the business’s cash flow, and cost it more than the industry average.
Apple, Inc., an American multinational technology company, which founded on April 1, 1976 in California, United States. The company has earned $53 million of income in 2015, which increase $14 million of income compared with 2014 (Apple Inc., 2015). It has developed from a small personal computer company to a multinational corporation that selling various types of electronic products and software such as, iPad, iPhone, iOS, and others (Apple Inc., 2016).
It is expected that during a period of four months, the company will sell about 333 lbs. to each of the thirty stores in Jalisco. These stores mainly focus on selling quality products and food, the customers are middle to high class, and most of them are educated about
Apple has benefitted significantly from globalization and from technology change. For example, the company started primarily as an American company, but globalization has allowed Apple to become a multinational operation. The company only derives around one-third of sales form the Americas according to the annual report, a figure that includes Canada and all of Latin America in addition to the United States. The company therefore can be said to sell globally. Sales in Asia-Pacific were growing especially fast, and the company has numerous flagship stores in the region.
In this assignment, you will again examine data from a fruit and vegetable market that supplies fresh produce to supermarket outlets in NSW and Victoria. The market is conducting an evaluation of customers in Sydney and Melbourne. The fruit and vegetable market wants to examine the % of produce damage at each of the
Based on Show Circuit’s positioning strategy, provide a recommendation for a price point for a case of the produce and calculate the company’s contribution per case.
Apple is a large multinational company and is the second largest information technology company. Apple has a revenue of $199.9 billion and a profit of $44.46 billion. Apple’s market capital, meaning the aggregate value of the company based on its current share price and the number of outstanding stocks is $741.8 billion. Apple is a public company meaning you can buy shares into the company, which are traded freely on a stock exchange and is now the largest publically listed company. It was founded by Steve Jobs, Steve Wozniak and Ronald Wayne on April 1,1976. Apple employs 92,600 people and has 437 stores located in fifteen different countries. An online store is also available in 39 countries to serve on
Also, according to break-even analysis operating with the single mold and excluding warehousing costs, a minimum of 12,035 units must be sold to break even. Under a similar situation with the double mold, 15,507 units must be sold to break even, which is about half of the optimistic sales projection. Also under the optimistic sales projection, a positive return on investment is expected. Because the company is turning profit,less additional investment is required. Additionally under the pessimistic and expected situation, the company turns losses, and under the optimistic projections, Chef’s Toolkit only has a net income of 13% of its revenues. Selecting Preferred alternative According to the above information and the projected pro-forma statements, Dale Reid should not invest his money in the company. The company’s lack of current assets, high expenses and low per-unit revenue create an unfortunate and unprofitable investment in pessimistic and expected situations. Only in the optimistic production and sales does the company begin to turn profit, but this profit is low. Chef’s Toolkit needs desperate restructuring and additional revenue sources before Dale Reid should invest. Developing
Fyffes procures its products worldwide and is one of the leading distributors of southern hemisphere fresh produce in Europe, in particular fresh produce sourced from South Africa and South America. The most common themes arising from the top managers so far involved the need to foster relationships among the SBUs and work with each other to reduce costs (Geoff Percival, 2012). It is critical for the relationship between the suppliers (Other region markets) and the distributors (UK, Ireland and EU). The four SBUs work together for the fresh fruits supplying and selling, the company launched its worldoffruit.com web site and subsidiary, offering Internet-based business-to-business fruits and vegetables sourcing and information supporting the company's operations are its network of 100 storage, distribution, ripening, and other facilities, a fleet of 17 company-owned or leased temperature-controlled ships, and its own land-based transportation fleet, it can share and reduce the transport cost. The synergy management of the four SBUs also helps Fyffes add more value to the supply chain and make the delivery more efficient.