Laws 310 Week 5 Assignment Essay

653 Words Jun 2nd, 2016 3 Pages
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You are a business planner and accountant. Part of your expertise is in helping prospective business owners evaluate the various manufacturing and supplier options available based on the product they manufacture. You have a long history of working with widget manufacturers, which is why Gloria is meeting with you. Additionally, you are an expert in global business issues and can help Gloria review foreign supply options, including the applicable laws, customs regulations, and tax implications of using a foreign supplier versus a domestic supplier. Gloria has come to you to get some advice on which supplier will best
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She is also considering manufacturing her widgets overseas. She traveled to China and met with Jun Chin, who is interested in the contract. She also went to Brazil and met with Mateo Bonilla, who also discussed production with her. Currently, Gloria has been selling approximately 12,000,000 widgets per year, but she recently got a purchase order from a large retailer for
8,000,000 widgets and a guarantee for a minimum of 13,000,000 widgets over the next 24 months. The purchase order states that continued business is dependent on paying no more than $7.34 per widget. Gloria’s current cost to manufacture widgets is $6.22 and she has been selling them for $9.18. Doing business with this large retailer will take Gloria’s business to the next level, but she has to get her costs down.
Richard Franklin
He is the CEO of Greenleaf Manufacturing, which is a company located in the same state as Gloria’s business. He has submitted the following proposal to Gloria
Smithson: He will manufacture up to 6,000,000 widgets per year at a cost of $6.37; another 6,000,000 widgets per year at $5.41; and a final 6,000,000 widgets per year at a cost of $5.01 each. However, Greenleaf’s proposal contains a clause that requires Gloria’s acceptance by 5:00 p.m. on March 3, 2016.
Jun Chin
She is the CEO of Sunrise Ltd. in Quanzhou, China. Her company has recently begun doing business with American companies. Ms. Chin is able to…

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