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- Naboni Enterprises Naboni was established in 1996 by Mr. Nicholas Menyani following a decision by the government of Zambia to liberalize the Zambian economy. Prior to 1991, the Zambian economy had been dominated by government ownership of business enterprises, resulting in many enterprises being state-owned. The liberalization of the Zambian economy in the nineties was an opportunity for the private sector to own and run business. It was this opportunity that led to the establishment of Naboni Enterprises by Nicholas Menyani to supply transformers to the mining companies on the Copperbelt. Supplying to the mines was a lucrative business. The mining sector was key to the Zambian economy: it not only contributed about 90 percent to the country’s tax revenue, but many manufacturing and commercial establishments depended on doing business with the mines for survival and prosperity. Because of the mining sector’s critical role in the Zambian economy, the Zambian government had, for…A Greek yogurt maker owns and operates a production facility in Switzerland. Within the next six months, the Swiss government has stipulated that all local food producers must list the genetically modified ingredients (GMO) contained in the product on its packaging label. GMO foods or, as critics commonly call them, "Franken-foods," in honor of Frankenstein, use genetic material that have been altered using genetic engineering techniques in making the food. Companies are often reluctant to post this information, fearful that it might result in people choosing not to use their products. Although labeling of GMO products in the marketplace is required in 64 countries, many others, including Greece, do not impose this regulation. Interestingly, reporting this information on the label is not required in the United States and no distinction between marketing GMO and non-GMO foods are presently recognized by the United States’ Food and Drug Administration. Dealing with growing demand for…Emily works for a small software company and oversees software quality assurance. The company recently developed an inventory control system for a national clothing manufacturer. The system gathers sales information on an hourly basis from clothing retailers nationwide. This information is then used by all departments (including the accounting, shipping, and ordering departments) to control the functions of the clothing manufacturer. Emily suspects that the inventory functions of the system are not sufficiently tested, although they have passed all their contracted (legal) tests. However, she is pressured by her employers to sign off on the software. Whilst she is only required to perform tests which have been agreed to in the original contract, her considerable experience in software testing has led her to be concerned over the quality of the system. Her employers say that they will go out of business if they do not deliver the software on time. Emily knows that if any section of…
- Naboni Enterprises was established in 1991 by Mr. Nicholas Menyani following the liberalization of the Zambian economy by the government. Prior to 1991, there was little or no scope for the private sector to own and run business in the mining, agricultural and commercial sectors of the economy. All this changed in 1991 when the government decided to liberalize the economy. State owned companies were privatized and the window was opened for the private sector to invest in major sectors of the economy. In the case of the mining sector, the government further offered tax incentives to attract investment. Nicholas Menyani had worked as a technician for a mining company in Kitwe for twenty-five years before his retirement in 1985. When he retired, he did odd jobs in and around Kitwe. However, the income from doing the odd jobs was typically insufficient for him to meet his daily needs and Menyani longed for an opening that would bring him a steady income. The opportunity came when,…The Carlson Department Store suffered heavy damage when a hurricane struck on August 31, 2013. The store was closed for four months (Sept – Dec 2013) and Carlson is now involved in a dispute with its insurance company concerning the amount of lost sales during the time the store was closed. Two key issues must be resolved: The amount of sales Carlson would have made if the hurricane had not struck; and Whether Carlson is entitled to any compensation for excess sales from increased business activity after the storm More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. The table below shows the sales data for the 48 months preceding the storm. The following table reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Department Store was closed. Management…The Carlson Department Store suffered heavy damage when a hurricane struck on August 31, 2013. The store was closed for four months (Sept – Dec 2013) and Carlson is now involved in a dispute with its insurance company concerning the amount of lost sales during the time the store was closed. Two key issues must be resolved: The amount of sales Carlson would have made if the hurricane had not struck; and Whether Carlson is entitled to any compensation for excess sales from increased business activity after the storm More than $8 billion in federal disaster relief and insurance money came into the county, resulting in increased sales at department stores and numerous other businesses. The table below shows the sales data for the 48 months preceding the storm. The following table reports total sales for the 48 months preceding the storm for all department stores in the county, as well as the total sales in the county for the four months the Carlson Department Store was closed. Management…
- Explain how the basic concept of marketable permits or ‘cap-and-trade” can be applied to regulate fisheries and air pollution emissions. What is the meaning of a ‘cap’ in the context of regulating a fishery and an air pollutant? How would potential future changes in the cap influence the price of permits and the viability of the permit market? How would a regulator’s objective in setting a cap be different for a fishery compared to an air pollutant? What determines whether permits will be traded in the fishery or for the air pollutant and does it matter if there are restrictions on the type and number of trades that can occur?Several Governments in CARICOM nations are reluctant to allow the provision of telecommunication services by multiple providers. They prefer that a Government Agency provides these services as they believe that consumers will be protected. However the revenue they gain should not be ignored as a possible motive. A recent study found that 8 countries out of the 15 in the CARICOM nations’ have telecommunication services being provided by the a state company. For example, in St. Lucia, De Phone is the sole provider of telecoms. They offer discounts to senior citizens and students and also provide a lower price for individual who purchase multiple plans. Of note, the remaining CARICOM nations, including Trinidad and Tobago, have opened their markets to competition. These countries have seen increased advertising among competitors to market their product. Describe what is occurring in the following statement: They offer discounts to senior citizens and students and also provide a lower…Professor James Adjei was Coordinator of MBA Finance at the School of Graduate studies of the University ofProfessional Studies, Accra. During the admissions process for the 2017/2018 academic year, his wife appliedand gained admission to pursue MBA Finance at the same school. During the course of her studies, her husbandfacilitated the teaching and learning as well as the administration of all end of semester examinations for theprogramme.Unknown to the Management of the University, Mrs. Adjei enrolled and eventually graduated as the bestgraduating student among her cohorts. When Management of the University received information about thisunusual development, they instituted a comprehensive systems audit and an investigation into the circumstancesleading to the eventual emergence of Mrs. Cate Adjei as the best graduating student on the programme.Professor Adjei was granted full hearing to explain what transpired during the period of the wife’s studies. Hedefended that he worked…
- Natalie Koebel spent much of her childhood learning the art of cookie-making from her grandmother. They passed many happy hours mastering every type of cookie imaginable and later creating new recipes that were both healthy and delicious. Now at the start of her second year in college, Natalie is investigating various possibilities for starting her own business as part of the requirements of the entrepreneurship program in which she is enrolled. A long-time friend insists that Natalie has to somehow include cookies in her business plan. After a series of brainstorming sessions, Natalie settles on the idea of operating a cookie-making school. She will start on a part-time basis and offer her services in people’s homes. Now that she has started thinking about it, the possibilities seem endless. During the fall, she will concentrate on holiday cookies. She will offer individual lessons and group sessions (which will probably be more entertainment than education for the participants).…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Question. 1. Should the international conglomerate enter the retail grocery market in Hong Kong? If so, what could it do to…This case describes a hypothetical situation faced by a fictitious international conglomerate, ICL, that intends to enter the retail grocery market in Hong Kong. The conglomerate's interest in the Hong Kong supermarket industry was initially kindled by the plan of Hutchison Whampoa, Ltd. (HWL) to sell its leading supermarket chain PARKnSHOP in August 2013. However, in October 2013, HWL reversed course and decided not to sell PARKnSHOP, saying that the sale would not deliver maximum value to its shareholders. Before embarking into new territory, ICL wanted an in-depth understanding of the Hong Kong grocery market environment, competitors, and potential barriers to entry. The conglomerate was aware that the new Competition Law, which was expected to take effect in 2015, might have profound implications on the grocery market landscape in Hong Kong. Case Study Questions Analyze the competitive environment of the supermarket industry in Hong Kong and the competitive response of the two…