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- Some companies import and export flowers worldwide. It is one of the very competitive businesses in the world. “Fresh Phool” is an international flower company working in Pakistan. It has received a significant order inquiry for fresh Roses from Bangladesh. What incoterm will the Fresh Phool company be settling with the buyer? Expalin the reasons for selecting each incoterm. (Note: Select only one incoterm that you recommend is the most appropriate. Highlight the interest and concerns of various stakeholders while discussing that incoterm) Answer format: It is preferred that your answers are structured in paragraphs with specific and relevant heading for each paragraph Length of the answer: 300 wordsMany fimrs benefit from strategic decision-making and tactical production planning to lower supply-chain costs and risks. As a member of an executive committe for a fast moniving consumer goods (FMCG) organisation, proposewhich type of decisions you will be involved in to ensure that there is a reduction in cost and mitigation of risks; A. competitors are associates in the TQM process B. Employee's commitment to continuos imporvoment is not an obligation C. TQM systems are driven by the goal of customer satisfaction D. Quality is not an important orgnaisations' activity.Applicability of Standard Cost Systems Portfolio management is a powerful concept infinance and marketing. The marketing application of the concept is to develop and manage a balanced portfolio of products. Market share and market growth can be used to classify products forportfolio purposes, and the product classifications often are extended to the organizational units thatmake the product. The market share/growth classifications can be depicted as follows:Market ShareMarket Growth Rate High LowHigh Rising star ?Low Cash cow DogThe question mark is the classification for products that show high growth rates but have smallmarket shares, such as new products that are similar to their competitors. A rising star is a highgrowth, high-market-share product that tends to mature into a cash cow. A cash cow is a slowgrowing established product that can be milked for cash to help the question mark and introducenew products. The dog is a low-growth, low-market-share item that is a candidate for…
- Prior to opening his branch in Fourways, Conrad made a decision to conduct further research intopotential suppliers for his new business venture. He downloaded the integrated annual report forAstral Foods to conduct his research. The link for the integrated annual report can be found using thefollowing link:https://www.astralfoods.com/assets/Documents/Investor%20Centre/2022/Integrated%20Report%20for%20the%20year%20ended%2030%20September%202022.pdf. Q.3.1 Considering Astral Ltd Group’s annual report, discuss your opinion regarding theadequacy of their adoption of the stakeholder theory. Consider the theory, thestakeholders mentioned, and the application thereof throughout the report.Your company makes hand sanitizer in two lines: Moisturizing+, and StandardSoap. On the market, Moisturizing+ retails for $175/L and StandardSoap retails for $95/L. You make the hand sanitizer by combining lotion, soap, and secret ingredient SpecialX. These ingredients are purchased from a mysterious supplier, and you can purchase at most 4000L of lotion, 5000L of soap, and 750L of SpecialX in a month. Lotion costs $25/L, soap costs $10/L, and SpecialX costs $35/L. To make 1L of Moisturizing+, you need to combine 0.5L of lotion, 0.3L of soap, and 0.2L of SpecialX. To make 1L of StandardSoap, you need to combine 0.4L of lotion, 0.55L of soap, and 0.05L of SpecialX. Your company has committed to donating 500L of StandardSoap to a local charity. Since this is a donation, you will not receive any revenue. However, the costs and purchasing limits apply to both the hand sanitizer that is sold on the market and donated to charity. You want to maximize your monthly profit. Assume that…6. A system that enables people to conduct financial transactions from a smartphone or other wireless mobile device is called: A. Imaging Systems B. Mobile Banking C. E-payments D. None of the above 7. Forward auctions offer the following benefits to B2B sellers except: A. Increased “stickiness” B. Cost savings. C. Revenue generation D. Decreased "stickness" 8. A special category of e-learning is called: A. M-learning B. E-Training C. E-Books D. None of the above 9. New knowledge must be placed in context so that it is actionable is: A. Capture knowledge B. Update knowledge C. Refine knowledge D. Disseminate knowledge 10. This developing technology is supposed to replace the WiMax. A. Wireless wide area networks B. LTE (Long Term Evolution) C. Wireless local area networks and Wi-Fi D. Personal area networks Note: i just need right option no need explain, (like 6 ans b, 7 ans b)
- The total ingredient(food) cost in a recipe is $4.73 the manager desires a 37.5 percent food cost. What is the base selling price of the item using the ingredients mark up method? Should the manager price the item in the above example at the base selling price you calculated? Why or Why not?Which of the following statements are true or false? 1.1 One of the objectives of purchasing and supply chain management is to maintain an optimum balance of inventory that would ensure the desired level of customer service while increasing costs. 1.2 Supply management has a major impact on the net income of the firm because it increases input costs and reduces sales revenue 1.3 The purchasing and supply function of a firm operates independently from the other enterprise functions. 1.4 Supply Management is the process of planning, organising, coordinating and controlling all the resources of the firm effectively and efficiently in order to attain the objectives of the firm as determined by management. 1.5 Strategic plans formulated at top management of purchasing and supply management are implemented or executed at top level management 1.6 In decentralized purchasing structures negotiating power is increased and volume discounts are made possible. 1.7 Steps of the strategic…The most critical challenge for Chase in my opinion, was customer retention. My analysis of the value of the 100k points and point accumulation rate vs annual and merchant fees and interest suggested that Chase is actually spending most of the merchant fees on points (merchant fees are 1.5 to 2.2 cents/$, point accumulation is 1.5 cents/$) and $300 of the $450 annual fee on travel credit. I assumed that interest income would be small, just enough to cancel out administrative expenses, because affluent customers with plenty of money don't need to run balances and know how to manage their finances. At this rate, even with high spending customers, per customer annual margin will be about $400 so it could take between 3 and four years to pay off the initial investment in points alone (ignoring other customer acquisition costs, like advertising). Since retention rates are typically 60-90%, Chase could easily lose money if retention wasn't high. I suggested that they offer a retention…
- Your store has begun making a new meal-replacement drink—it costs $5.00 to produce a 6-pack of drinks (or $0.83.33 per drink). These drinks are being marketed as full meal replacements for individuals who are looking to lose weight. You and a small team have been tasked with pricing this product, as well as proposing the in-store display for its sale. Part 1 Your task is to propose a price for this new drink product. Take into account the cost of producing the product, the potential cost of transporting the product and marketing the product. Your company is trying something new with this product; while the store has sold this type of drink before, this is the first time they have produced such a product. Your company has had success in selling other company-branded food products but having its own branded product will be a new venture. Write a short essay (400 words minimum) outlining your reasoning for the price you choose. Be sure to include the specifics of production,…SLO-3.1 The major reason supply management can greatly improve a firm’s return on investment (ROI) is: A) the reduction of post ownership costsB) the reduction of downtime costsC) the reduction of quality costsD) the reduction of acquisition costE) every dollar saved in purchasing is = to a new dollar of profit NEWSLO-3.2 Which of the following is generally not true about supply management and the bottom line? A) Purchased items account for a large percentage of the cost of goods sold. Hence, a reduction in cost of purchased goods has a major impact on the bottom lineB) A Euro increase in sales is equivalent to a Euro decrease in materials cost in impacting the bottom lineC) Outsourcing allows firms to focus on their core competencies, which reduced potential for waste, which then can improve the bottom lineD) A dollar saved in materials cost is usually considered a dollar increase in profit, which directly translates into bottom line savingsE) Supply management can work…John Ozment, director of special projects and analysis for Ozment’s Corporation, is responsible for preparing corporate financial analyses and monthly statements and reviewing and presenting the economic impacts of proposed strategies to upper management. Data for such financial analyses are obtained from operations and financial databases through direct queries of Ozment’s department staff. Reports and charts for presentations are then prepared by hand and typed. Multiple copies are prepared and distributed to various users. The pressure on Ozment’s group has intensified as demand for more and more current information increases. A solution to this reporting problem must be found.The systems department wants to develop a proprietary software package to produce the reports automatically. The project would require the company to make a considerable programming investment. Ozment is concerned about the accuracy, completeness, and currency of data isautomatically produced reports. He has…