Analysis of FMCG market……… 5. Fast Moving Consumer Goods (FMCG) FMCG are products that have a quick shelf turnover‚ at relatively low-cost and don’t require a lot of thought‚ time and financial investment to purchase. The margin of profit on every individual FMCG product is less. However the huge number of goods sold is what makes the difference. Hence profit in FMCG goods always translates to number of goods sold. Fast
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the LIFO method should not be repealed in the context of business tax reform In response to proposals by the Obama Administration to repeal the LIFO inventory method as part of the Administration’s budget proposals for Fiscal Years 2010-2013‚ the LIFO Coalition‚ which represents trade associations and business of every size and industry that employ the LIFO method‚ provided reasons why the LIFO method should not be repealed. The reasons for opposing the repeal of the LIFO inventory method
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Merrimack Tractors and Mowers‚ Inc.: LIFO or FIFO? 1.- Study the financial information for reel mower units that James Colburn prepared for Rick Martino. (Assume that the reel mower units are typical of all classes of inventory at Merrimack). Prepare a pro-forma income statement assuming no changes in accounting policy for 2008‚ and assuming the company sells 10‚000 units each quarter at a price of 2‚000 per unit with Sales General and Administration costs the same as for 2007. Sales Quarter Units
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Index FMCG Industry FMCG stands for Fast Moving Consumer Goods. FMCG products are also known as consumer packaged goods. These goods are generally replaced within a year. This sector is the fourth largest sector in the economy and contributes to 3 million employment opportunities. This industry is characterised by well established distribution network‚ high penetration levels‚ low per capita consumption and intense competition between organised and unorganised segments. The total FMCG market is
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value LIFO method is another approach used for inventory valuation‚ it follows the last in first out but take into consideration the impact of inflation. The dollar value LIFO method is derived from the LIFO method and it’s designed to overcome the main problem of LIFO method which is liquidation. The dollar value LIFO method groups all type of goods in the inventory in a pool and the pool is measured by the total dollar amount instead of physical quantity. The balance sheet view differ under the
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SYNOPSIS - Study Of Consumer Oriented Sales Promotion in FMCG (HUL - Hindustan Unilever) Made by: Shiva Purswani INTRODUCTION Now a days most of the FMCG companies are considering sales promotion as an important part of their marketing strategy
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Rising prices Rising Prices is becoming an acute problem these days. One has to live from hand to mouth. It has made difficult for everyone to meet both ends. It has forced people to live a miserable life. Necessities are being sold at a great price. The hardest hit is the common man‚ that is‚ the average consumers and the below average consumers or we can say the middle class people and the poor people. Due to price rise‚ the purchase of essential commodities like pulses‚ rice‚ sugar or medicines
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Product Industry: “Food Products” Industry Leaders: Nestle‚ General Mills‚ Post Kellogg etc. Paper Focus: Kellogg “Big K Cereals” Advertising is one way of communicating with consumers in the market place so that a business can achieve certain sales objectives. Advertising helps to create‚ sustain and promote consumer demand‚ which the business can then addresses. To advertise successfully‚ firms must be clear about the intended message‚ the target audience‚ means of communication and the receptiveness
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Identification‚ FIFO‚ LIFO‚ and Weighted-Average Swing Company’s beginning inventory and purchases during the fiscal year ended September 30‚ 20-2‚ were as follows: Use the following information for the specific identification method. There are 1‚300 units of inventory on hand on September 30‚ 20-2. Of these 1‚300 units: Required: Calculate the total amount to be assigned to cost of goods sold for the fiscal year ended September 30‚ 20-2‚ and ending inventory on September 30‚ 20-2‚ under each of the
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capital intensity‚ limited development of medium sized factor enterprises imbalance between consumer goods and capital goods industry. The five year plan has made an attempt to improve the industrial pattern and develop the capital goods sector. The government of India launched the process of industrialization could make the development process. INTRODUCTION OF INDUSTRY: Industry is the manufacturing of goods or service within a category. Although industry is a broad term for any kind of economic
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