Brailsford 4e: Solutions Manual Chapter 1 The investment decision Learning objectives After the completion of this chapter‚ the reader should be able to: ● understand the nature of an investment ● describe the key steps in the investment process ● recognise the major investment asset classes ● understand the role and function of financial markets ● understand the concept of return‚ and be able to distinguish between realised returns and expected returns ● understand the relationship between
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The result of WACC is the rate a firm use to monitor the application of the current assets because it represents the return the firm MUST get. For example this rate could be used as the discount rate of evaluating an investment‚ and maintaining the price of firm’s stock. 1.2 Analysis of Johanna Cohen’s calculation We analyzed the process of Johanna Cohen’s calculation‚ and found some flaws we believe caused computational mistakes. i. When using the WACC method‚ the book value of bond is available
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Case study: Nike: the Sweatshop Debate 1) Should Nike be held responsible for working condition in factories that it does not own‚ but where sub-contractors make products for Nike? Nike doesn’t own any manufacturing facilities and outsource its production. Therefore‚ it can’t be directly blamed for terrible working conditions. Nike can influence indirectly on working conditions at contracting factories thorough refusing to work with sweatshop factories. However‚ Nike‚ like any other capitalistic
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Nike is one of the largest global companies in the world‚ reigning in billions of dollars in revenue a year; it also has one of the largest marketing budgets since it is such a recognized brand. Nike was first known as Blue Ribbon Sports founded by a track runner and track coach from Oregon; it later acquired the famous logo ‘swoosh’ and name Nike in 1972. In the 1980’s Nike grew rapidly because of their great marketing strategies and very successful product launches. Nike moved from track to other
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communications campaign in sport industry. The model includes five parts: Align with marketing objective‚ consider the target market‚ set promotional objectives and develop promotional mix. Finally‚ I will take Nike as a case study; evaluate their practice on these steps‚ and show how Nike company promote their football shoes on their marketing communication campaign. Literature Review Schramm (1960) argues that there are four key components involved in communications process: sender‚ message‚ media
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Case Study Analysis Narrative Format Case Title: Amy’s Bread July 30‚ 2013 Amy’s Bread is a bakery located in New York City. It opened in 1992‚ and has a staff of 32 employees with Amy‚ the CEO and Toy Dupree‚ the assistant manager. The bakery industry in which Amy Bread is working in is very competitive. And usually has low wholesale profit margins. The spaces in New York City are always at a premium‚ which makes renting a desirable location very expensive. The issues in which
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CASE STUDY ANALYSIS I. TIME CONTEXT (PRESENT) The Lew-Mark Baking Company has been the largest Archway franchise in New York and New Jersey employing less than 200 people‚ mostly blue-collar workers. The company has over 50 varieties of soft cookies with no additives and preservatives. The customers of the company are over 45 years old including parents with young children. The production process being described is the batch processing system which is mainly convenient if a moderate volume of goods
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Case Study Analysis: Identity Development- Final Draft Based on Erik Erikson’s groundbreaking work on identity and psychosocial development in the 1960s‚ Canadian developmental psychologist James Marcia refined and extended Erikson’s model‚ primarily focusing on adolescent development (Berk‚ 2010). Addressing Erikson’s notion of identity crisis‚ Marcia posited that the adolescent stage consists neither of identity resolution nor identity confusion‚ but rather the degree to which one has explored
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Globalisation a11d Nike GLOBALISATION Globalisation is the growing relations of international markets and it involves the economic activity in the production of goods and services among countries. It involves aspects such as growth and productivity‚ employment and skills wages and unequal distribution in wages both internationally as within a country. Hence‚ the belief that globalisation leads to growth is present all over both the works of Friedman and Norberg‚ but can be illustrated by a quote
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BUSINESS ADMINISTRATION CASE STUDY – NIKE CSR (page 70) 1. In referring to the opening profile and the closing for this chapter‚ discuss the challenges regarding corporate social responsibility that companies in the apparel industry face in its supply chains around the world? Answer: There are 5 challenges related to CSR: a. Lack of awareness and benefit of CSR In fact‚ many of companies have little knowledge about CSR. In some cases‚ companies may have a greater understanding of CSR
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