Factors That Change The Demand For The Product Produced By Gnc ( General Nutrition Center )

1. How has technology been applied to the food production process? Give/describe at least 3 examples.

The first factor is the availability of substitute goods, which are goods that can be utilized instead of the original good. If there is a substitute good available, the demand is likely to change more because people can buy different products. On the contrary, if an item has few substitute goods, it may not gain or lose customers. In Canada, Nike shoes have lots of substitute goods like Adidas

Trader Joe 's sells gourmet foods to its customers with a low cost business model, which may seem very difficult to maintain, due to the rising costs in the international markets and the United States. However, with Trader Joe 's long term experience in operations and limited variety of products, this enables the company to reduce costs and transfer those savings to their customers. Furthermore, Trader Joe’s has a very efficient management process that allows keeping the product costs down to keep their customers satisfied. The management process is very significant for Trader Joe 's in which they have planned marvelously to carry certain products which is obtained at a discounted price from their suppliers. Additionally, Trader Joe’s keep costs down to a minimum by choosing non-prime store locations. For

Company is facing a challenge of potentially higher inventory costs. Rising prices may further result in changes in customer behavior and preferences.

I will explain menu pricing and I will present you, a short marketing video as an example.

When analyzing a consumer’s demand for a product, one must consider the limitations such as income, budget, preferences, substitute products, and the price of products. External factors can also influence a hunter’s demand for a product, which will be discussed later.

If a buyer represents a large percentage of the supplier’s sales, the buyer has more bargaining power over the supplier. Rogers’s chocolate 50% of sales is contributed from its 11 retail stores which is a strong one. However, since the previous president Mr. Jim Ralph had grown its wholesale market up to 30% thus, they have to take a good care of its

Customer demand and product preference should be focused on to produce more of what the customer wants and to allow for stock reduction.

Demand for the product is determined by many factors, like pricing, quality, advertising and distribution.

The supply and management of a company have various difficulties in trying to manipulate the logistics of supply and making analysis of the whole performance of the supplying team. These issues apparently result from low surge and have had great inconveniences to stock and management. The reasons for these intensive difficulties are a result of malfunctioning of one group or department and thus disrupting the paths of supply. Prior to lack of frequency in stock-outs, poor customer response and high prices on the products of the supplying enterprise have the greatest impact then due customers. This

In this paper, I will outline a plan that managers in the low-calorie, frozen microwavable food industry be able to use when there is an anticipation of raising prices. Next, I will cover how government policies can affect this type of company. Determine is government regulation is needed in the industry. Cover any complexities that could come up when a company is expanding via capital projects. Lastly, cover how the company can create a convergence between the interests of stockholders and managers.

General Mills is a company that has strategically developed and growth through mergers and acquisitions. Mergers are the fusion of two companies that join forces to compete in the market. There are two types of merger: Horizontal merger on which the company acquires a competitor and vertical merger, on which the fusion is with a supplier. Acquisitions, on the other hand occurs when a company buys another company and become the property of the buyer. Thorough study of the market has made General Mills maintains a leader position on the food industry through more than 100 years in the market. According to a business encyclopedia, Strategy is a plan a company develops to reach a determine objective and reflects the company’s strength,

Operation and Supply chain management (OSCM) is one of the foundations that successful businesses count on to provide a competitive advantage within their industry. The goal of OSCM is to develop and maintain a system that effectively and efficiently manages the flow of raw material resources into useful end products for consumer use (Chase, 2006). In the fast food industry this process takes center stage in maintaining competitive pricing. A review of the production process in two national chains, Whataburger and McDonald’s, showcases each chain’s approaches to OSCM.

The following paper will be discussing GNC Holdings Incorporated which is profiled as a retail-food store. As most people already know, GNC is a leading global specialty retailer of health and wellness products, including vitamins, minerals, and herbal supplement products, sports nutrition products and diet products (Investor, 2011). GNC is a publicly traded company that stays compliant with all the laws, rules, and regulations of the New York Stock Exchange as well as presents information that is in accordance with generally accepted accounting principles (GAAP). All information in this paper will be based off the most recently provide annual report, i.e. 2014.

services acquired. This ensures that foodservice operator can reap in the benefits by keeping overhead and operating costs down (Tania, 2012). This is achieved by having an Inventory Management system which has the ability to generate reports. The generated reports shows information according to its level of importance in descending order. For example, it will display the costs associated with consumption in certain operations. Moreover if say 20% of items accounts for 80% (according to 80:20 Inventory Analysis rule) of the cost consumption, the procurement department would choose the mentioned items and would go onto group wide contract at lower prices (Tania, 2012). In a typical foodservice operation, long term contractual agreement is established if the top 20% of the items accounts for 80% of the consumption of food with the relevant suppliers (Tania, 2012) The controversial yet general accepted saying “the customer is always right” conveys the general attitude that businesses nowadays tends to take. Meaning that since consumers are particular about the quality, price and the services they receive must be consistent in delivery and received in value for the money they invested in (Tania, 2012). This can be attained through a successful and amicable partnership with relevant vendors who can help each provide the needs and wants of the consumer. Such goals can also be achieved by synergies and economies of scale. Joint alliances with vendors to bring about mutually