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
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even twice a year. Nokia is still the largest mobile phone company in the world‚ but its long-term dominance is now challenged more than ever. Observers have begun asking whether the cutting edge that has turned Nokia into the number 1 vendor still exists. This report gives an overview on what is happening on Nokia. It includes the history‚ and a brief introduction to Nokia followed by the company organization. Half way through the report you can find information about Nokia’s marketing mix‚ market
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Company Background INTRODUCTION Toyota is one of the world’s best-known and most successful businesses‚ building cars and trucks in 27 countries for sale in more than 170 markets around the globe. Worldwide production was 9.5 million (8.5 million for Toyota and Lexus brand vehicles) in 2007‚ placing Toyota Motor Corporation (TMC) firmly among the world’s leading vehicle manufacturers. This result keeps it on course to achieve its ambition of becoming the world number one by the end of the decade
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COMPANY STRUCTURE Organizing structure is considered by many to be “the anatomy of the organization”‚ providing a foundation within which the organization functions”. There can be different kinds of organization structure‚ and firms can change their organization structure by becoming more or less centralized. Most organization have a hierarchical or pyramidal structure‚ with one person or a group of people at the top‚ and increasing number of people below them at each successive level. All
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The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project is to help the
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The founhder of the company‚ Godfrey Keebler‚ started with jus a small bakery in Philadelphia‚ PA in 1853. During the next two generations‚ local bakeries popped up around the country‚ including Strietmann‚ Hekman‚ Supreme and Bowman. With the introduction of cars and trucks (carrying the Keebler logo)‚ bakery goods could be distributed beyond the neighborhood and regional distribution began. In 1927‚ United Biscuit Company of America was formed. By 1944‚ there were 16 bakeries in the
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HAS FOX FUMBLED? The Fox Broadcasting Company[ is an American commercial broadcasting television network that is owned by the Fox Entertainment Group division of 21st Century Fox. Beginning of the network In October 1985‚ 20th Century Fox announced its intentions to form a fourth television network which would compete with the three major U.S. television networks (ABC‚ CBS andNBC). The plans were to use the combination of the Fox studios and the former Metromedia stations to both produce and distribute
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Control LJB Company‚ a local distributor‚ has asked your accounting firm to evaluate their system of internal controls because they are planning to go public in the future. The President wants to be aware of any new regulations required of his company if they go public so he met with a colleague of yours at a local restaurant. The President of the company explained the current system of internal controls to your colleague. Your colleague has since been promoted to a tax position so she has passed on
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Cleany will very much contribute to the increase in market shares‚ and to have market expansion in different parts of the world. Our new product is the robotic dirt eating machine. It is called Cleany. It is served as a vacuum cleaner‚ as well as a scrubber. When the floor‚ sofa or bed has dirt‚ Cleany will help clean them up. It is round in shape and it has no sharp ends. This product is very convenient to be used. It ensures safety and cleanliness. Moreover‚ this product is environmental friendly
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The Pacific Oil Company “Look‚ you asked for my advice‚ and I gave it to you‚” Frank Kelsey said. “If I were you‚ I wouldn’t make any more concessions! I really don’t think you ought to agree to their last demand! But you’re the one who has to live with the contract‚ not me!” Static on the transatlantic telephone connection obscured Jean Fontaine’s reply. Kelsey asked him to repeat what he had said. “OK‚ OK‚ calm down‚ Jean. I can see your point of view. I appreciate the pressures you’re under
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