Nike was founded in 1964 as Blue Ribbon Sports by University of Oregon track athlete Philip Knight and his coach Bill Bowerman‚ and officially became Nike‚ Inc. in 1978. The company takes its name from Nike‚ the Greek goddess of victory‚ and adopted the well-known logo‚ called the “Swoosh”‚ first used by Nike in 1971. Nike produces a wide range of sports equipments. Their first products were track running shoes‚ for a wide range of sports including track & field‚ tennis‚ baseball‚ Association
Premium Asset Investment Balance sheet
a. Some risk associated with holding inventory are that the cost of the inventory until it is sold (money tied up in inventory could be used in other areas)‚ cost to store inventory‚ and the inventory could lose its value if stored to long (degradation‚ no longer in demand). Some benefits associated with holding high inventory are quantity discounts and reduction in lead time to quickly meet customer demand. b. The cost in raw materials will be direct materials and indirect materials not yet needed
Premium Inventory Revenue FIFO and LIFO accounting
study-The 3M Company Insert name Insert institution Insert instructor’s name Insert the date Case study-The 3M Company Initially known as the Minnesota Mining and Manufacturing Company‚ this company was pioneered in 1902 at Minnesota near Lake Superior. It was set up to sell mineral deposits which were later proved to be valueless and this initiated early research and development of this company while in Duluth. This saw its success in selling sandpaper products. The company later increased
Premium Corporation Globalization Multinational corporation
Play Time Toy Company Problem: Should the company consider a proposal to adopt level monthly production instead of doing the seasonal production of toy? Objective: To determine the optimal production schedule and lessen the cost of production while minimizing other additional costs. To meet the required number of toy supplies needed during its peak season without increasing its cost. Alternatives: • Do not change the production schedule. Stick with the current set up of highly seasonal production
Premium Year Supply and demand Season
Mayceemae M. Barnuevo CHEM 17.1 13L Group 1 February 7‚ 2014 February 19‚ 2014 Exercise 12 SOME INVESTIGATIONS ON THE CORROSION OF IRON I. Introduction Metals undergo natural destruction that allows a spontaneous deteriorating reaction where they return to their original state from where they are obtained upon contact with the surrounding‚ particularly when reacted to oxygen. Such phenomenon is known as corrosion (Zumdahl‚ 1998). This leads the surface of the materials to rust in due time. Usually
Premium Chemistry Iron Corrosion
Real Companies 6 Conclusion 6 Bibliography / References 7 What is Outsourcing? Outsourcing‚ sometimes called offshoring‚ is the act of a company contracting another company to provide or generate services that could be done by the employees of the company. The main reason to do this is because most of the time is cheaper if another company provide those services than the company doing it by itself. There is still a chance that there is a lack of experience in some parts of the company or
Premium Outsourcing
Formation or incorporation of A Company – For the formation of a company‚ a company passes through the following thee stages :- 1. Promotion Stage. 2. Incorporation Stage. 3. Commencement of business stage. 1. Promotion Stage: The stage of conceiving an idea and its working is termed as promotion of a company. The person involved in this task is termed as “Promoter”. There are certain important decisions which are taken before the formation of the company. There first important matter to decide
Premium Corporation
Almarai Company Al Marai Brief History al Marai company was established in 1977 by prince Sultan bin Mohammed bin Saud Al Kabeer‚ alamarai’s chairman‚ under his guidance many agriculture projects were launched and were developed towards achieving his objective . Al Marai company is the largest diary company in Saudi Arabia it produces food‚ dairy‚ and non-dairy products‚ in 1991‚ when al marai
Premium Milk Pasteurization Marketing
business of Pharmaceutical companies:- Pharmaceutical companies are not especially big in terms of revenues‚ but they are very profitable. For instance‚ in 2001‚ Pfizer was ranked 127th in the world on total revenue (US$32·2 billion) but 7th in terms of profit.29 The pharmaceutical industry is the most profitable business sector‚ with an average 16·2% profit‚ ahead of financial companies (11·6%) and beverages (10%).30 However‚ net income growth has declined‚ and growth in the value of drug
Premium Pharmacology Profit Income
COMPANY APPLE COMPUTERS INC. An overview of Apple computer Inc. Some may not see it as necessary but I have included it so the reader can gain a better understanding of this project. Who are they? A Silicon Valley computer company Based in Cupertino‚ California and founded April 1st 1976 Famous for helping the personal computer revolution to commence Known worldwide for the success of their hardware including the iPod and the iMac. O ne of the main reasons that I have chosen
Premium Apple Inc. Steve Jobs