Nt1310 Unit 3 Laboratory Industry Results
Cumulative industry results for last four quarters ending in quarter: 4 Minimum
Maximum
Average
CV3
Total Overall
0.00
656.56
28.64
1.43
Financial Performance
-85.03
203.05
26.04
12.77
Market Performance
0.00
0.68
0.30
0.25
Marketing Effectiveness
0.00
0.83
0.61
0.66
Investment in Future
0.00
4,938,272.84
6,050.96
1.69
Wealth
-2.32
4.98
1.23
1.17
Human Resource Management
0.00
0.82
0.63
0.72
Asset Management
0.00
2.78
1.01
0.91
Manufacturing Productivity
0.00
1.00
0.66
0.61
Financial Risk
0.00
1.00
0.82
0.88
Income Statement Quarter 1
Quarter 2
Quarter 3
Quarter 4
Gross Profit Revenues
0
1,242,500
4,277,570
6,396,499
- Rebates
0
33,400
146,350
187,100
- Cost of Goods Sold
0
648,038
2,169,162
3,646,056
= Gross Profit
0
561,062
1,962,058 …show more content…
Initially I wanted to open up two markets one in Europe and one in North America; however, that would be approximately 25% of startup cash available to the business. The market research provided in the first quarter made the workhorse and Mercedes group the two favorable to go after. With the workhorse group there was a large quantity of customers, and the Mercedes group offered a large profit margin per product. Those were the reasons why the American market and the European market for the first two choices they have the highest 12 month potential demand for the workhorse and Mercedes …show more content…
The plunge to open markets across the world would have been taken sooner; however, poor inventory management cost the company significantly early in the simulation. In the fourth quarter the company had rebounded, and was on the verge of success. The idea of increased research equaling a decreased risk gave CV3 the courage and knowledge to open the European market. key factors this company should consider before making an international commitment. Making an international commitment has pros and cons, these must be weighed against each other to compare the cost and benefit they could have on the company. Some of the benefits could be location (in relationship with supplies or materials), cost of labor, and manpower. There are also a few cons such as logistics, international laws, taxes, and tariffs. There are also other things that must be considered such as potential market growth, the current political environment, and barriers to
Maximum
Average
CV3
Total Overall
0.00
656.56
28.64
1.43
Financial Performance
-85.03
203.05
26.04
12.77
Market Performance
0.00
0.68
0.30
0.25
Marketing Effectiveness
0.00
0.83
0.61
0.66
Investment in Future
0.00
4,938,272.84
6,050.96
1.69
Wealth
-2.32
4.98
1.23
1.17
Human Resource Management
0.00
0.82
0.63
0.72
Asset Management
0.00
2.78
1.01
0.91
Manufacturing Productivity
0.00
1.00
0.66
0.61
Financial Risk
0.00
1.00
0.82
0.88
Income Statement Quarter 1
Quarter 2
Quarter 3
Quarter 4
Gross Profit Revenues
0
1,242,500
4,277,570
6,396,499
- Rebates
0
33,400
146,350
187,100
- Cost of Goods Sold
0
648,038
2,169,162
3,646,056
= Gross Profit
0
561,062
1,962,058 …show more content…
Initially I wanted to open up two markets one in Europe and one in North America; however, that would be approximately 25% of startup cash available to the business. The market research provided in the first quarter made the workhorse and Mercedes group the two favorable to go after. With the workhorse group there was a large quantity of customers, and the Mercedes group offered a large profit margin per product. Those were the reasons why the American market and the European market for the first two choices they have the highest 12 month potential demand for the workhorse and Mercedes …show more content…
The plunge to open markets across the world would have been taken sooner; however, poor inventory management cost the company significantly early in the simulation. In the fourth quarter the company had rebounded, and was on the verge of success. The idea of increased research equaling a decreased risk gave CV3 the courage and knowledge to open the European market. key factors this company should consider before making an international commitment. Making an international commitment has pros and cons, these must be weighed against each other to compare the cost and benefit they could have on the company. Some of the benefits could be location (in relationship with supplies or materials), cost of labor, and manpower. There are also a few cons such as logistics, international laws, taxes, and tariffs. There are also other things that must be considered such as potential market growth, the current political environment, and barriers to