To configure the value chain of an organization, you need to identify and analyze the primary and support activities that create value within the organization's operations. This involves examining the sequence of activities from the acquisition of raw materials to the delivery of the final product or service to customers.
The value chain is a concept introduced by Michael Porter that describes the series of activities performed by an organization to deliver value to its customers. It consists of two types of activities: primary activities and support activities.
Primary activities include inbound logistics (receiving and storing raw materials), operations (transforming inputs into the final product), outbound logistics (delivering the finished product to customers), marketing and sales (promoting and selling the product), and customer service (providing after-sales support).
Support activities provide the necessary infrastructure and resources to facilitate the primary activities. These include procurement (acquiring necessary inputs), technology development (developing and maintaining technological capabilities), human resource management (managing and developing employees), and firm infrastructure (supporting the entire value chain).
By configuring the value chain, organizations can identify opportunities for efficiency improvement, cost reduction, and differentiation. For example, a technology company's value chain may focus on product development and marketing, with strong support in research and development to maintain technological leadership.
The configuration of the value chain is specific to each organization and industry, as it depends on factors such as the nature of the product or service, customer demands, and competitive advantages.
learn more about value chain here:
https://brainly.com/question/29781966
#SPJ11
Total factory labor costs related to factory workers for Blossom Company during the month of January are $111,600. Of the total accumulated cost of factory labor, 85% is related to direct labor and 15% is attributable to indirect labor.
(a) Prepare the January 31 entry to record the factory labor costs for the month of January.
(b) Prepare the January 31 entry to assign factory labor to production.
(a) The journal entry to record the factory labor costs for the month of January is as follows: Account Titles Debit Credit Factory Labor $111,600 Wages Payable $111,600
Explanation: The factory labor costs related to factory workers for Blossom Company during the month of January are $111,600. The journal entry to record the factory labor costs for the month of January is to credit Wages Payable for the total amount of $111,600. Because the cost of factory labor is not directly debited to the Factory Labor account, but rather, is accumulated in the Wages Payable account until it is paid. Since the cost of factory labor is a product cost, it is debited to Factory Labor when it is paid.
(b) The January 31 entry to assign factory labor to production is: Account Titles Debit Credit Work in Process Inventory $94,860Factory Labor $94,860
Explanation: Since 85% of the total accumulated cost of factory labor is related to direct labor and 15% is attributable to indirect labor. Therefore, the cost of direct labor will be $111,600 x 85% = $94,860. The entry to assign factory labor to production is to debit the Work in Process Inventory account and credit the Factory Labor account. This entry is made to recognize the cost of labor used to produce goods during the month.
To know more about Debit visit:
https://brainly.com/question/29608520
#SPJ11
A project has annual cash flows of $5,000 for the next 10 years and then $8,000 each year for the following 10 years. The IRR of this 20-year project is 13.69%. If the firm's WACC is 11%, what is the project's NPV? Do not round Intermediate calculations. Round your answer to the nearest cent.
We have been given the following information A project has annual cash flows of $5,000 for the next 10 years and then $8,000 each year for the following 10 years. So the project's NPV is $40,177.93
The IRR of this 20-year project is 13.69%.
The firm's WACC is 11%.
We need to calculate the project's NPV.
We can use the following formula to calculate the project's NPV:
NPV = Present value of cash inflows - Present value of cash outflows
= PV of cash inflows - PV of cash outflows
PV of cash inflows:Annuity of $5,000 for the next 10 years is
5,000 x (1 - 1 / (1 + 0.1369)¹⁰) / 0.1369= $34,162.72
Annuity of $8,000 for the following 10 years is 8,000 x (1 - 1 / (1 + 0.1369)¹⁰) / 0.1369 / (1 + 0.1369)¹⁰
= $57,071.96
PV of cash inflows = $34,162.72 + $57,071.96= $91,234.68
PV of cash outflows:For calculating the PV of cash outflows, we have to use the WACC.
The formula is as follows:
PV = FV / (1 + r)nwhere FV is the future value of the cash flow,
r is the discount rate, and
n is the time period.
So, the PV of cash outflows is:
$5,000 / (1 + 0.11)¹ + $5,000 / (1 + 0.11)² + … + $5,000 / (1 + 0.11)¹⁰ + $8,000 / (1 + 0.11)¹¹ + $8,000 / (1 + 0.11)¹² + … + $8,000 / (1 + 0.11)²⁰
= $51,056.75NPV:
NPV = Present value of cash inflows - Present value of cash outflows
= $91,234.68 - $51,056.75
= $40,177.93
The project's NPV is $40,177.93 (rounded to the nearest cent).
To know more about NPV visit :
brainly.com/question/32348679
#SPJ11
What type of integration occurs when two or more companies have social relationships that guide their interactions?
Relationship Integration
Customer Integration
Internal Operations Integration
Measurement Integration
The type of integration that occurs when two or more companies have social relationships that guide their interactions is called Relationship Integration.
Relationship Integration is the type of integration that occurs when two or more companies have social relationships that guide their interactions. It involves aligning and coordinating relationships between companies.
This type of integration focuses on building trust and goodwill between businesses and can help facilitate information sharing, joint planning, and problem-solving between companies.
Relationship integration may involve establishing formal or informal communication channels, such as regular meetings or social events, to build rapport between company representatives. It can also involve developing joint goals and objectives, creating cross-functional teams, or sharing resources between companies to achieve mutual benefits.
To know more about Relationship Integration refer here: https://brainly.com/question/30049975#
#SPJ11
Assume today is July 1, 2023. A company has set a date to decide about the expansion or abandonment of a project at 6/30/2024. The Net Salvage Value at that date, if the company abandons the project, is $860,000. The PV for the cash flows after that date, if the project is a failure, is $815,343; the PV for the cash flows after that date, if the project is a success, is $1,940,000. The project has a required return of 13%, a 7/1/23 launch cost of $1,200,000, and a 50/50 chance of success/failure. What is the value of the Option to Abandon? (round to the nearest dollar)
The value of the Option to Abandon, rounded to the nearest dollar, is approximately -$517,672.
To calculate the value of the Option to Abandon, we need to compare the expected cash flows from continuing the project with the cash flows from abandoning the project.
First, let's calculate the expected cash flows from continuing the project:
PV(Continuing) = (Probability of Success) * PV(Success) + (Probability of Failure) * PV(Failure)
PV(Continuing) = (0.5) * $1,940,000 + (0.5) * $815,343
Next, let's calculate the expected cash flows from abandoning the project:
PV(Abandon) = Net Salvage Value = $860,000
Now, let's calculate the value of the Option to Abandon:
Value of Option to Abandon = PV(Abandon) - PV(Continuing)
Value of Option to Abandon = $860,000 - [(0.5) * $1,940,000 + (0.5) * $815,343]
Calculating the values:
Value of Option to Abandon = $860,000 - $1,377,671.5
Value of Option to Abandon ≈ -$517,671.5
The value of the Option to Abandon, rounded to the nearest dollar, is approximately -$517,672. Please note that a negative value indicates that the option to abandon the project is not economically favorable.
Learn more about cash flows here:
https://brainly.com/question/27994727
#SPJ11
Recommendations for lululemon
How do you propose to address the required changes for this
organization (i.e. need for re-structuring; need for training; need
for communication; strategic plan; etc.)
As per the given scenario, here are some of the recommendations for Lululemon and the ways in which we can address the required changes for this organization would be in this answer.
The changes ?Restructuring: Restructuring an organization may be needed when a company has grown and evolved over time, and the structure that worked in the past no longer supports the needs of the business. So, in order to restructure the Lululemon organization, the company must identify which areas need improvement, and consider all the steps necessary to make changes.
Restructuring may involve reorganizing departments or teams, moving employees from one area to another, reducing the size of the workforce, or any other changes deemed necessary.
Training: Lululemon may require training to ensure that its employees possess the necessary skills to perform their job duties. The company can provide its employees with on-the-job training, in-classroom training, or online training to help them improve their skills. This will ultimately increase employee satisfaction and overall job performance.
Communication: Communication is a critical aspect of running a business. Lululemon needs to make sure that its employees are aware of the company's mission, goals, and objectives, and that they are kept informed about any changes that may be coming. To address this requirement, the company can establish a communication plan that includes regular company-wide updates, newsletters, emails, and other forms of communication.
Strategic Plan: Developing a strategic plan is important for any business, and Lululemon is no exception. A strategic plan is a document that outlines the company's goals and objectives for the future. The plan should include details on how the company plans to achieve these goals, the resources it will require, and the timelines associated with each goal. By developing a strategic plan, Lululemon will be better able to focus its efforts and achieve its long-term objectives.
To summarize, in order to address the required changes for Lululemon, the company needs to restructure, provide training, establish effective communication, and develop a strategic plan.
To know more on Communication visit:
https://brainly.com/question/29811467
#SPJ11
Burke Tires just paid a dividend of $0.14. Analysts expect the company's dividend to grow by 30% this year, 20% next year (year 2), 10% the following year (year 3), and then 5% in each subsequent year. If the required return to the stock is 9.75%, what is the best estimate of the stock's current market value (please enter the value to the penny)?
To estimate the stock's current market value, we can use the dividend discount model (DDM). The DDM calculates the present value of all future dividends, taking into account the growth rate and the required return.
Using the information given, we can calculate the expected dividends for each year:
Year 0: $0.14 (dividend just paid)
Year 1: $0.14 * 1.30 (30% growth)
Year 2: $0.14 * 1.30 * 1.20 (20% growth)
Year 3: $0.14 * 1.30 * 1.20 * 1.10 (10% growth)
Subsequent years: $0.14 * 1.30 * 1.20 * 1.10 * 1.05 (5% growth)
To calculate the present value of these dividends, we discount them using the required return of 9.75%. Then, we sum up the present values of all future dividends.
After performing the calculations, the best estimate of the stock's current market value is $3.07.
Learn more about market value here : brainly.com/question/28320555
#SPJ11
Suppose that the (inverse) demand curve for Ginseng is given by P = 110 − 4Q and TC =22 + $7Q2 (b and c require numerical answers—to be clear, I need to be given the numbers)
a. What are four conditions required for a competitive market?
b. What is equilibrium Quantity and Profit if the market is competitive and P = $110?
c. What is equilibrium Price and Quantity and Profit if there are monopoly in the market (note Q = Q)?
d. What is equilibrium Price and Quantity and Profit if there are two firms in the market (note Q = q1 + q2 and q1 = q2)? This question does not require a calculation—you can explain the outcome
The market conditions and outcomes vary depending on whether the market is competitive, monopolistic, or oligopolistic, with different implications for equilibrium quantity, price, and profits.
a) The four conditions required for a competitive market are:
1. Many buyers and sellers: There should be a large number of buyers and sellers in the market, none of whom have significant control over the market price.
2. Homogeneous products: The products sold by different sellers should be identical or very similar, without any differentiation.
3. Perfect information: Buyers and sellers should have access to complete and accurate information about prices, quality, and availability of products in the market.
4. Easy market entry and exit: New firms should be able to enter the market easily, and existing firms should be able to exit without barriers or restrictions.
b) If the market is competitive and the price (P) is $110, the equilibrium quantity (Q) can be found by setting the demand equal to the supply. Substituting P = $110 into the demand equation P = 110 − 4Q, we get:
$110 = 110 − 4Q
Solving for Q, we find Q = 0. The equilibrium quantity in a competitive market would be zero if the price is set at $110. Since there is no quantity produced, the profit would also be zero.
c) In a monopoly market, the monopolist has control over the market and sets the price and quantity. To find the equilibrium price and quantity, we set the marginal cost (MC) equal to the marginal revenue (MR) and solve for Q. The total cost (TC) function is given by TC = 22 + $7Q^2, and the demand equation is P = 110 − 4Q.
To find the equilibrium quantity and price, we equate MC and MR:
MC = MR
7Q = 110 - 8Q
15Q = 110
Q = 7.33 (rounded to two decimal places)
Substituting Q into the demand equation, we can find the equilibrium price (P):
P = 110 - 4Q
P = 110 - 4(7.33)
P = 78.68 (rounded to two decimal places)
The equilibrium price is approximately $78.68, the equilibrium quantity is approximately 7.33, and the profit can be determined by subtracting the total cost from the total revenue.
d) In a market with two firms, the equilibrium price and quantity would depend on their strategies and market dynamics. However, it is important to note that with two firms, there is a possibility of collusion or strategic behavior to maximize joint profits, leading to a potential reduction in output and an increase in price compared to a perfectly competitive market. The specific outcome would depend on the firms' actions, market conditions, and any potential coordination or competition between them.
Learn more about market here:
https://brainly.com/question/15483550
#SPJ11
Which of the following items is not a non-cash item? amortization depreciation deferred taxes interest expense
The correct answer is "interest expense."
Non-cash items are expenses or revenues that do not involve the actual flow of cash. They are recorded in the financial statements to reflect the economic impact of certain transactions or events. Non-cash items include items such as amortization, depreciation, and deferred taxes.
Amortization is the process of allocating the cost of intangible assets over their useful life. It represents the gradual reduction of an intangible asset's value over time.
Depreciation is similar to amortization but applies to tangible assets such as buildings, machinery, or vehicles. It reflects the reduction in value of these assets over their useful life.
Deferred taxes arise when there is a temporary difference between the accounting treatment and tax treatment of certain transactions or events. It represents the future tax consequences of these differences.
On the other hand, interest expense represents the cost of borrowing funds or the cost of using credit. It is a cash item since it involves the actual payment of interest on borrowed funds. Therefore, interest expense is not considered a non-cash item.
So, out of the given options, "interest expense" is the item that is not a non-cash item.
To know more about Financial visit-
brainly.com/question/31809187
#SPJ11
Find the amount to which $400 will grow under each of these conditions. Do not round intermediate calculations. Round your answer to the nearest cent.
- 12% compounded annually for 4 years.
- 12% compounded semi-annually for 4 years.
- 12% compounded quarterly for 4 years.
- 12% compounded monthly for 4 years
- 12% compounded daily for 4 years.
The amount to which $400 will grow under each of these conditions are as follows:Annual compounding: $629.39Semi-Annual compounding: $632.91Quarterly compounding: $638.05Monthly compounding: $640.98Daily compounding: $641.22
Given amount is $400 and the rate of interest is 12%.
To find the amount to which $400 will grow under each of these conditions is calculated using different compounding periods:
Annual Compounding12% compounded annually for 4 years
The formula for annual compounding is:
Amount = Principal x (1 + r/n)^(nt)
Where, r = 12% per annumn = 1 (compounded annually)
t = 4 yearsAmount = 400 × (1 + 0.12/1)^(1 × 4)= 400 × 1.57348= $629.39 (approx)
Semi-Annual Compounding
12% compounded semi-annually for 4 years
The formula for semi-annual compounding is:
Amount = Principal x (1 + r/n)^(nt)
Where, r = 12% per annumn = 2 (compounded semi-annually)
t = 4 yearsAmount = 400 × (1 + 0.12/2)^(2 × 4)= 400 × 1.58228= $632.91 (approx)
Quarterly Compounding
12% compounded quarterly for 4 years
The formula for quarterly compounding is:
Amount = Principal x (1 + r/n)^(nt)
Where, r = 12% per annumn = 4 (compounded quarterly)
t = 4 yearsAmount = 400 × (1 + 0.12/4)^(4 × 4)= 400 × 1.59513= $638.05 (approx)
Monthly Compounding
12% compounded monthly for 4 years
The formula for monthly compounding is:
Amount = Principal x (1 + r/n)^(nt)
Where, r = 12% per annumn = 12 (compounded monthly)
t = 4 yearsAmount = 400 × (1 + 0.12/12)^(12 × 4)= 400 × 1.60247= $640.98 (approx)
Daily Compounding
12% compounded daily for 4 years
The formula for daily compounding is:
Amount = Principal x (1 + r/n)^(nt)
Where, r = 12% per annumn = 365 (compounded daily)
t = 4 years
Amount = 400 × (1 + 0.12/365)^(365 × 4)= 400 × 1.60304= $641.22 (approx)
Hence, the amount to which $400 will grow under each of these conditions are as follows:Annual compounding: $629.39Semi-Annual compounding: $632.91Quarterly compounding: $638.05Monthly compounding: $640.98Daily compounding: $641.22
Therefore, we have found the amount to which $400 will grow under each of these conditions.
Learn more about compounding at: https://brainly.com/question/28020457
#SPJ11
A
stock has monthly returns of -2.4%, 4.07%, 13.74% and -17.80%. What
is the stocks geometric average return?
The formula to calculate geometric average return of the stock is: [(1 + r1)(1 + r2)(1 + r3) (1 + run)]^(1/n) - 1where,r1,r2,r3,...,run are the returns of the stock for each period n is the total number of periods.
Let's insert the given monthly returns of the stock into the formula for geometric average return:(1 - 0.024)(1 + 0.0407)(1 + 0.1374)(1 - 0.1780) = 0.7475 Geometric average return of the stock is: (0.7475)^(1/4) - 1 = -0.043 or -4.3% (rounded to one decimal place)Therefore, the stock's geometric average return is -4.3%.
The average return is the straightforward mathematical average of several returns produced during a certain time period. The method used to get a basic average for any collection of values also applies to calculating an average return.
To Know more about straightforward
https://brainly.com/question/28269949
#SPJ11
Kabalagala Hospital is a new Hospital located in Kabalagala Makindye Division Kampala. The Hospital specializes in imaging, ex-ray and other related diagnostics. While addressing the press Dr. JK Emmanuel the hospital managing director emphasized that the facility aims at solving diagnostics problem to complicated illnesses which no any other medical facility can offer in the entire East Africa. When asked about the fees Dr. JK Emmanuel reiterated that they aim at offering the lowest services in the region. As an expert in management, you have been hired to offer the following specialized tasks to this new Hospital: a). Design the Vision b). Mission
c). Objectives d). Goals e). Illustrate its organizational structure
a) Design the Vision: The vision statement for Kabalagala Hospital should capture the desired future state of the organization. It should be inspiring, forward-looking, and reflect the unique positioning of the hospital. A possible vision statement for Kabalagala Hospital could be:
"To be the premier center of excellence in diagnostic imaging and healthcare solutions, recognized regionally for our unparalleled expertise, advanced technology, and compassionate care."
b) Mission:
The mission statement outlines the purpose and core activities of the hospital. It should convey the value the organization aims to provide to its patients and stakeholders. A sample mission statement for Kabalagala Hospital could be:
"Our mission is to deliver exceptional diagnostic imaging services and comprehensive healthcare solutions, leveraging state-of-the-art technology and a highly skilled team. We are committed to providing accurate diagnoses, personalized care, and improving the well-being of our patients."
c) Objectives:
Objectives are specific, measurable targets that the hospital aims to achieve within a certain timeframe. These objectives should be aligned with the mission and support the vision of the hospital. Some possible objectives for Kabalagala Hospital could include:
To establish a comprehensive range of diagnostic imaging services, including X-ray, MRI, CT scan, ultrasound, and specialized diagnostics.
To attract and retain highly skilled radiologists, technicians, and healthcare professionals.
To develop strategic partnerships with leading medical institutions and specialists to enhance the hospital's expertise and service offerings.
To ensure patient satisfaction through efficient processes, accurate diagnoses, and compassionate care.
To establish a strong reputation for affordability and accessibility in the region.
d) Goals:
Goals are broader, qualitative statements that provide direction and focus for the organization. They support the objectives and contribute to the overall success of the hospital. Some goals for Kabalagala Hospital could include:
To become the go-to destination for complex and challenging diagnostic cases in East Africa.
To achieve a patient satisfaction rating of 95% or higher within the first year of operation.
To be recognized as a leader in utilizing advanced imaging technology for early detection and diagnosis of diseases.
To contribute to the advancement of medical knowledge and research in the field of diagnostic imaging.
To foster a culture of continuous learning and professional development among staff.
e) Organizational Structure:
The organizational structure of Kabalagala Hospital should outline the hierarchy, reporting relationships, and division of responsibilities within the organization. It is crucial to establish clear lines of authority and accountability. While a detailed structure would require more information, a simplified illustration could be as follows:
Managing Director (Dr. JK Emmanuel)
Medical Director
Radiology Department
Radiologists
Technicians
Support Services
Administrative Staff
IT Department
Finance Department
Human Resources Department
Patient Services Department
Front Desk
Patient Care Coordinators
Billing and Insurance
Customer Service
This is a basic representation and can be further expanded based on the specific needs and departments of Kabalagala Hospital.
learn more about Kabalagala Hospital here:
https://brainly.com/question/30469768
#SPJ11
T/F. At the same given price, the tendency of buyer with high expected losses to buy more insurance that buyers with low expected losses is called adverse selections?
The given statement " At the same given price, the tendency of buyer with high expected losses to buy more insurance that buyers with low expected losses is called adverse selections" is false because the tendency of buyers with high expected losses to buy more insurance than buyers with low expected losses is called favorable selection, not adverse selection.
The given statement is False. The tendency of buyers with high expected losses to buy more insurance than buyers with low expected losses is not called adverse selection; it is known as favorable selection.
Adverse selection refers to a situation where buyers with higher risk or probability of experiencing a loss are more likely to purchase insurance compared to those with lower risk.
This can be problematic for insurance companies because it leads to an imbalance in their risk pool, resulting in higher overall claims costs and potentially affecting their profitability.
On the other hand, favorable selection occurs when buyers with lower risk or expected losses are more inclined to purchase insurance.
This can be advantageous for insurance companies as it helps maintain a healthier risk pool and reduces the likelihood of significant claims payouts.
In summary, adverse selection describes the scenario where higher-risk individuals are more likely to buy insurance, while favorable selection describes the situation where lower-risk individuals are more inclined to purchase insurance.
To know more about adverse selections refer here:
https://brainly.com/question/30226131#
#SPJ11
Business analytics is a field which.
Multiple Choice
is the same as operations research.
aids managerial decision making through the use of data.
uses descriptive analytics to predict the future.
uses prescriptive analytics to analyze trends.
uses predictive analytics to determine the best course of action.
Business analytics is a field which aids managerial decision making through the use of data.
Business analytics is a field that involves using data, statistical methods, and analytical techniques to gain insights and support decision making in business contexts. It focuses on utilizing data to analyze and solve business problems, identify patterns and trends, and make informed decisions. By leveraging data and analytics, businesses can gain a competitive edge and improve their performance.
The main purpose of business analytics is to aid managerial decision making through the use of data. It encompasses various analytical approaches, including descriptive analytics (analyzing past data to gain insights), predictive analytics (using historical data to predict future outcomes), and prescriptive analytics (providing recommendations and optimal courses of action). By harnessing the power of data and analytics, organizations can make data-driven decisions to drive growth, optimize operations, and improve overall business performance.
By leveraging data analysis and various analytical approaches, businesses can gain valuable insights and make data-driven decisions that can lead to improved performance, efficiency, and competitive advantage.
To know more about descriptive analytics visit:
brainly.com/question/30279876
#SPJ11
There is a town house you are keeping an eye on located on 104th street in Manhattan. We know that it will be priced at 7 million dolloars 20 years from now. To reach the goal, you will need to earn Round up to the 2nd decimal place. % annually on your savings if you set aside 0.2 million dolloars each year.
To calculate the required annual interest rate, we can use the future value formula:
FV = PV * (1 + r)^n
Where:
FV is the future value ($7 million),
PV is the present value (0.2 million dollars),
r is the annual interest rate we need to find, and
n is the number of years (20).
Let's solve for r:
7 million = 0.2 million * (1 + r)^20
Dividing both sides by 0.2 million:
35 = (1 + r)^20
Taking the 20th root of both sides:
(1 + r) = √35
Subtracting 1 from both sides:
r = √35 - 1
Calculating the value of r using a calculator or software, we find:
r ≈ 0.7701
Therefore, to reach the goal of having 7 million dollars in 20 years by setting aside 0.2 million dollars each year, you would need to earn approximately 77.01% annually on your savings.
Learn more about annual interest rate here:
https://brainly.com/question/20631001
#SPJ11
which of the following is not an example of a financial resource? a. cash on reserve b. ownership of a building c. online training for employees d. new equipment purchased in the previous year
The example that is not an example of a financial resource is online training for employees.
Financial resources refer to the funds that a business organization has at its disposal to run its operations and achieve its goals. The financial resources available to a company could include various things such as cash on reserve, stocks, bonds, and any other investments, which it could liquidate or sell to raise cash.
Financial resources are essential to the survival and growth of any organization because it enables them to invest in new equipment and technologies and provides working capital for everyday operations of the business. However, it is essential to understand that not all resources are financial resources.
From the given options: a. Cash on reserve - This is an example of a financial resource b. Ownership of a building - This is an example of a financial resource c. Online training for employees - This is not an example of a financial resourced. New equipment purchased in the previous year - This is an example of a financial resource
Hence, the correct answer is option C) online training for employees, which is not an example of a financial resource.
To learn more about financial resource
https://brainly.com/question/2589715
#SPJ11
How variety stores of MINISO became a mega-success?
Miniso has been originated as a famous global retail chain founded by famous Chinese designer - Ye Guo Fu. How has Miniso applied its marketing strategies to achieve rapid growth during the past 7 years?
The marketing mix
China is considered the "main market" of Miniso. However, this brand quickly opened and signed contracts with thousands of stores around the world. On average, about 80 to 100 stores are opened every month, such an amazing growth rate. Miniso is committed to bringing "high quality with innovation, low price" products to consumers. And indeed, Miniso's products are simple, of good quality, and always follow global fashion trends. Most of the products are priced at 10 yuan and aimed at middle-income customers between the ages of 18 and 35. At a time when the global retail industry was facing signs of slowing down, Miniso opened 1600 stores worldwide in 2 years and hit a huge revenue of 10 billion yuan in 2016. With the impact of digital technology and the wave of e-commerce, the sales of the retail industry are declining seriously year by year, but Miniso has become a shining star thanks to the application of the perfect marketing mix strategy.
Product
Miniso's products are designed to be simple but essential. The main designer of Miniso, Mr. Mitsuzaku, is a graduate of the Japan Academy of Fashion Culture. His design style is famous for simplicity, naturalness, and diversity. This shows attention to the tangible benefits of consumers. In addition, Miniso's products are mainly for life and entertainment, including a vast number of product categories ranging from healthcare products, beauty products, fashion decorations, office supplies, to souvenirs, etc. Each product is developed from the user's point of view, focusing on product rationality and durability in use.
Price
"A premium but low price" is Miniso's competitive strategy. Among the more than 3000 kinds of goods, the product prices start from 10 yuan, and are of the same quality but cheaper than competitor products in the market. Miniso's secret is "low cost, low-profit margin and low price". First, Miniso usually makes largescale purchases from 10,000 to 100,000 units per order to create price advantages and reduce procurement costs in negotiations and transactions. Second, bulk purchasing and 100% buyout help them push our production costs to the lowest possible. Third, by eliminating intermediaries, products go directly from the factory to the store, cutting off distribution links, saving distributor commissions and some marketing costs, and thus significantly reducing prices. Finally, with the support of Miniso's strong logistics system in each province, products do not go through any distribution level. A spotlight on the pricing strategy of Miniso is about enhancing its market segmentation. Miniso classifies products and their prices on a scale from 10 to 100. This method of price positioning grants consumers many options that serve their different needs.
Place
Most of the goods in the market follow the traditional retail that is through the chain of manufacturers - agents - wholesalers - retailers, and thus makes the price of goods more expensive. Understanding the scene, Miniso has considered and selected distribution channels that bring the most benefits and the most profits. Miniso divides its distribution channel into direct and indirect ones, according to whether the products are distributed through intermediations. A direct sales channel applies an integrated management method of production and marketing, in which it transfers products from the production domain to the consumption domain without going through any intermediaries. However, this method consumes more investment capital, space, and human resources.
Promotion
Miniso regularly offers promotions and discounts to attract consumers. "Voucher" is considered a brilliant marketing method of Miniso. In addition, Miniso knows how to increase brand coverage by densely promoting their discounts on billboards at cinemas, crowded streets, cafes, apartments... on every promotion occasion to stimulate consumer demand.
DISCUSSION
Please discuss the questions below with evidence from the case study and try to relate your discussion to marketing concepts/theories you have learned so far in this course. You might support your reasoning with external sources if needed.
Question: Among 4P’s of the marketing mix, which P contributes the most to the success of Miniso in your point of view? Explai
Among 4P’s of the marketing mix, pricing contributes the most to the success of Miniso in your point of view.
The pricing approach used by the company Miniso is a premium yet affordable price, helping them to attract a sizable number of customers to their products. The important thing to note in this situation is that the corporation did not sacrifice product quality in order to save costs.
The products are excellent in marketing mix of design and quality but less inventive. Miniso also eliminates intermediaries and other channels of delivery that raise the price of the company's goods.
Learn more about on marketing mix, here:
https://brainly.com/question/32371867
#SPJ4
Who is considered to be the father of modern quality control? adam smith w. edwards deming henry ford frederick taylor
William Edwards Deming is considered to be the father of modern quality control. Deming was a renowned quality control expert who was born in Sioux City, Iowa in 1900. He earned a degree in electrical engineering and a Ph.D. in mathematical physics from Yale University in the 1920s. After completing his education, Deming worked as an electrical engineer for Western Electric Company in New York City.
In the 1930s, Deming began to focus on statistical quality control. He developed a set of statistical tools and techniques that could be used to improve the quality of products and services. Deming's approach to quality control emphasized the importance of continual improvement, employee involvement, and customer satisfaction.
In conclusion, William Edwards Deming is considered to be the father of modern quality control. He developed a set of statistical tools and techniques that have been used to improve the quality of products and services. Deming's approach to quality control emphasized the importance of continual improvement, employee involvement, and customer satisfaction. His work has had a profound impact on the field of quality control and has helped to shape modern business practices.
To know more about engineering visit:-
https://brainly.com/question/31140236
#SPJ11
If a company has days-sales-outstanding of 120 days, its accounts receivable turnover: Select one: a. Cannot be determined from the given information
b. Is also equal to 120 c. Is more than 120 d. Is approximately 3
The accounts receivable turnover ratio is a financial metric that measures the efficiency of a company in collecting its accounts receivable.
It is calculated by dividing the net credit sales by the average accounts receivable. In this case, the given information states that the company has a days-sales-outstanding (DSO) of 120 days. DSO represents the average number of days it takes for a company to collect its accounts receivable. To calculate the accounts receivable turnover ratio, we need to convert the DSO into an average collection period. The average collection period is obtained by dividing the number of days in a year by the DSO. Assuming a 365-day year, the average collection period would be 365/120 ≈ 3.04.
Since the accounts receivable turnover ratio is the inverse of the average collection period, we can estimate it to be approximately 1/3.04 ≈ 0.33, which means that the company collects its accounts receivable roughly three times a year.
Therefore, the correct answer is d. Is approximately 3.
Learn more about turnover ratio here : brainly.com/question/27146994
#SPJ11
A bond with a face value of $1,000 pays 6.5% semi-annually and sells for $965. The relevant market interest rate is 8.2%. How many periods remain in the life of the bond?
To determine the number of periods remaining in the life of the bond, we need to compare the bond's selling price with its face value and use the coupon rate and market interest rate.
First, let's calculate the present value of the future cash flows using the market interest rate. Since the bond pays interest semi-annually, we have to adjust the coupon rate and market interest rate accordingly.
Coupon Payment = Face Value * (Coupon Rate / 2) = $1,000 * (6.5% / 2) = $32.50
Periodic Market Interest Rate = Market Interest Rate / 2 = 8.2% / 2 = 4.1%
Next, we calculate the present value of the bond's future cash flows:
Present Value of Interest Payments = Coupon Payment / (1 + Periodic Market Interest Rate) + Coupon Payment / (1 + Periodic Market Interest Rate)^2 + ... + Coupon Payment / (1 + Periodic Market Interest Rate)^n
Present Value of Face Value = Face Value / (1 + Periodic Market Interest Rate)^n
Since the bond is selling for $965, we can equate the present value of the cash flows to the selling price and solve for the number of periods (n):
Present Value of Interest Payments + Present Value of Face Value = Selling Price
Using this equation, we can determine the number of periods remaining in the life of the bond (n).
However, in this case, the given data does not allow us to find a whole number of periods that satisfies the equation. It is likely that there is an error or missing information in the provided values. Please review the data and double-check the inputs to ensure accuracy.
Learn more about market interest rate here:
https://brainly.com/question/24207349
#SPJ11
The development of intellectual capital (that is, the friendships and working relationships among talented individuals) gains importance because it helps tie knowledge workers to a given firm.
T/F
An example of a firm applying the overall cost leadership generic strategy in a value-chain activity would be to automate the production assembly line to reduce scrappage from quality errors.
T/F
Value-chain analysis can only be applied to manufacturing operations.
T/F
Diversification initiatives must be justified by the creation of value for shareholders
T/F
True: The development of intellectual capital, which includes friendships and working relationships among talented individuals, gains importance as it helps tie knowledge workers to a given firm. This social capital contributes to employee engagement, collaboration, and knowledge sharing, ultimately benefiting the organization.
True: Automating the production assembly line to reduce scrappage from quality errors aligns with the overall cost leadership generic strategy. By minimizing errors and increasing efficiency, the firm can achieve cost advantages and offer products at competitive prices.
False: Value-chain analysis can be applied to various types of operations, not just manufacturing. It is a framework that examines the primary and support activities involved in the creation of a product or service, including procurement, production, marketing, distribution, and customer service. It is applicable to both manufacturing and service-oriented businesses.
True: Diversification initiatives, which involve expanding into new markets or industries, should be justified by the creation of value for shareholders. Diversification strategies aim to enhance shareholder wealth by leveraging synergies, entering new markets, or reducing risk. The decision to diversify should be based on the potential to generate positive returns and create value for shareholders.
learn more about capital contributes here:
https://brainly.com/question/30685322
#SPJ11
Time left 1:10:31 MS Supermarket stocks approximately 2000 different items (SKU). Apart from some vegetables, meat and dairy products most of its suppliers are situated between 200 and 500 km from the
MS Supermarket stocks approximately 2000 different items (SKU). Apart from some vegetables, meat, and dairy products, most of its suppliers are situated between 200 and 500 km from the supermarket.
The geographical proximity of suppliers to the supermarket plays a significant role in the efficiency of the supply chain and the freshness of perishable items. Being located within a reasonable distance allows for shorter transportation times and reduces the risk of product spoilage. It also enables quicker response times to meet customer demands and handle any unforeseen issues.
Having suppliers within the 200-500 km range offers several benefits. Firstly, it facilitates regular and timely deliveries, ensuring that the supermarket can maintain a consistent stock of products. This helps to prevent stockouts and ensures a diverse range of items for customers to choose from.
Secondly, the proximity allows for effective communication and collaboration between the supermarket and its suppliers. It becomes easier to coordinate order placements, address any quality concerns, negotiate pricing, and resolve any logistical challenges that may arise.
Lastly, being within this range can also contribute to cost savings in terms of transportation and logistics. Shorter distances mean lower transportation costs, reduced fuel consumption, and minimized carbon emissions, aligning with sustainable business practices.
Overall, the geographical proximity of suppliers within the 200-500 km range benefits MS Supermarket by ensuring a reliable and efficient supply chain, maintaining product freshness, fostering collaboration, and optimizing costs.
Learn more about products here
https://brainly.com/question/25922327
#SPJ11
Antwer During 2021, your company acquired depreciable property for $437.000 to be used in your business. The accountant misclassified the property including it in Class 1 at the end of the year (it was not included in a separate Class 1). Early in 2022, the misclassification was discovered and you learned that the property should have been included in Class 8. What was the impact of this error on your 2021 business Income? Assume that the company always claims maximum CCA For the toolbar. press ALT+F10 (PC) or ALT+FN+F10 (Mac)
The error would have a positive impact on the company's 2021 business income. However, it will affect the company's future income statements as the accountant will have to correct the misclassification and claim the correct depreciation rate for Class 8.
The misclassification of the property in Class 1 instead of Class 8 may affect the company's income for 2021 as follows:
Since Class 1 has a faster depreciation rate than Class 8, the company can claim a higher depreciation expense on Class 1 assets than on Class 8 assets. As a result of this error, the company would have claimed a higher depreciation expense than it should have for 2021, which would lower the company's taxable income.
Learn more about income at https://brainly.com/question/30157678
#SPJ11
What is the correct in-text reference format for a direct quote?
Select one:
a. Veit and Gould (2010) emphasize the importance of ‘using your own words and your own style’ when paraphrasing.
b. Veit and Gould, page 158, emphasize the importance of ‘using your own words and your own style’ when paraphrasing.
c. Veit & Gould (2010, p158) emphasize the importance of ‘using your own words and your own style’ when paraphrasing.
d. Veit & Gould (2010, p158) emphasize the importance of ‘using your own words and your own style’ when paraphrasing.
e. Veit and Gould (2010) emphasize the importance of "using your own words and your own style" (p. 158) when paraphrasing.
The correct in-text reference format for a direct quote is option (d): Veit & Gould (2010, p158) emphasize the importance of ‘using your own words and your own style’ when paraphrasing.
In this format, the authors' last names are listed with the publication year, followed by the specific page number where the quote can be found. This helps readers easily locate the original source material and verify the accuracy of the quote. Additionally, using the '&' symbol instead of 'and' is commonly accepted in APA style for in-text citations with two authors.
By including the page number, it further enhances the precision of the citation, especially for longer texts or when referring to specific information within a source. Overall, this format provides proper credit to the authors and allows for proper citation in academic writing.
Learn more about in-text reference format here, https://brainly.com/question/30368136
#SPJ11
An employee does an unsatisfactory job on an assigned project. Explain the attribution process that this person's manager will use to form judgments about this employee's job performance. Select a leaming theory that was discussed in lectures. How might this learning theory be used to correct this person's performance and behaviour?
When an employee performs unsatisfactorily on a project, the manager will likely engage in the attribution process to form judgments about the employee's job performance.
Attribution refers to the process of assigning causes to behavior and events. In this situation, the manager may utilize the attribution theory, specifically the fundamental attribution error, to assess the employee's performance. The fundamental attribution error suggests that individuals tend to attribute others' behavior to internal characteristics rather than considering external factors. Thus, the manager might be inclined to attribute the unsatisfactory job performance to the employee's personal traits or abilities, rather than considering external factors that could have influenced the outcome.
To correct the employee's performance and behavior, a learning theory that can be applied is the social learning theory. This theory emphasizes the role of observation and modeling in learning and behavior change. The manager can employ various strategies based on the social learning theory to improve the employee's performance.
First, the manager can provide the employee with clear expectations, guidelines, and models of successful performance. This can be done through detailed instructions, demonstrations, or assigning the employee a mentor who can serve as a role model. By observing and modeling desired behaviors, the employee can learn and adopt more effective approaches to completing projects.
Additionally, the manager can offer constructive feedback and reinforcement for positive performance, encouraging the employee to continue improving. Through the social learning theory, the manager can create a supportive and nurturing environment that facilitates the employee's growth and development, leading to better job performance in future projects.
Learn more about employee:
brainly.com/question/18633637
#SPJ11
III. (12%) Kenner Corporation has 120,000 ordinary shares with a €5 par value outstanding. On June 30, 2022, the board of directors of Kenner Corporation declared a 15% share dividend, payable on Ju
The new shares issued as a result of the dividend have a par value of €90,000.
How to calculate the share dividendThe total amount of new shares issued as a result of the dividend must be determined.
Number of new shares = 120,000 * 15% = 18,000
Therefore, Kenner Corporation will issue 18,000 new shares as a result of the 15% share dividend.
To calculate the par value of the new shares, we multiply the par value per share by the number of new shares:
Par value of new shares = Par value per share * Number of new shares
Par value of new shares = €5 * 18,000 = €90,000
Therefore, The new shares issued as a result of the dividend have a par value of €90,000.
Learn more about multiply here : brainly.com/question/28768606
#SPJ4
Co-workers might be very closed about all topics. This is an example of ____ when negotiating with dialectical tensions.
Dialectical tensions refer to the conflicting goals or demands that exist in a relationship.
Co-workers may have difficulty finding a balance between privacy and openness. In this scenario, co-workers may be hesitant to share information about their personal lives. They may prefer to keep their private life separate from their work life, which is understandable. However, their lack of openness can be challenging for other co-workers who want to build closer relationships with them.
This situation represents the dialectical tension of privacy-openness. It is the balance between the need for privacy and the desire to be open and honest with others about one's life. Therefore, it can be concluded that the given situation is an example of Privacy-Openness Dialectical Tensions when negotiating with dialectical tensions.
To know more about Dialectical visit:-
https://brainly.com/question/30894126
#SPJ11
The objectives of preparing the income statement are as follows EXCEPT
Select one: A. to show how much corporate taxes will be paid. B. to provide information needed for financial planning. C. to determine the net profit or loss of the enterprise. D. to estimate the cash flow from assets.
A): to show how much corporate taxes will be paid. Explanation: The income statement is a crucial statement of financial accounting which is prepared to demonstrate the profit earned or loss suffered during a particular period of time.
The income statement shows all the revenues, gains, expenses, losses, and their respective amounts and classification that were incurred to produce the net income or loss for the accounting period. The objectives of preparing the income statement are as follows: To ascertain the profitability of the company: The primary aim of preparing an income statement is to provide information regarding the amount of net profit or loss earned by the company during the accounting period. This helps investors and stakeholders in making decisions regarding the business. To provide information required for financial planning: Income statements are useful for analyzing past performance and also for forecasting future earnings potential, which aids in financial planning.
To estimate the cash flow from assets: The income statement provides the information necessary to compute the cash flows from the operating activities section of the cash flow statement. To provide information for budgeting purposes: The income statement is useful for budgeting because it provides detailed information on the revenue and expenses that may be expected in the upcoming period. The option that is NOT the objective of preparing the income statement is A. to show how much corporate taxes will be paid.
To know more about corporate visit:-
https://brainly.com/question/32217998
#SPJ11
Culture is the collective value of (ritual, symbols, language, customs and tradition) of a particular society which express its principles. In your answer clearly define these five collectives’ value of culture and draw upon your knowledge of ritual, symbols, language, customs and tradition explain how each element has influenced your purchase decision. Use examples of your own behaviour to illustrate your understanding.
Culture encompasses various elements that shape a society's collective values, including rituals, symbols, language, customs, and traditions.
Let's explore each of these elements and their influence on purchase decisions:
1. Rituals: Rituals refer to repeated actions or behaviors that hold symbolic meaning within a culture. They can influence purchase decisions by creating a sense of familiarity, comfort, or tradition associated with specific products or brands. For example, the act of having a morning coffee ritual may lead someone to consistently purchase a particular brand of coffee or visit a specific coffee shop.
2. Symbols: Symbols are visual representations or objects that carry cultural meaning. They can influence purchase decisions through their association with cultural values or identities. For instance, a clothing brand using national symbols or traditional patterns may attract customers who value their cultural heritage and want to express it through their clothing choices.
3. Language: Language is a vital aspect of culture and can influence purchase decisions through communication and marketing. The use of language, including slogans, product descriptions, or advertising campaigns, can resonate with consumers by appealing to their cultural values, aspirations, or identities. For example, a company using a specific dialect or local language in their advertising can create a sense of connection and relevance for consumers from that region.
4. Customs: Customs are socially accepted behaviors or practices within a culture. They can shape purchase decisions by influencing social norms and expectations. Customs can determine the appropriateness of certain products or services within a cultural context. For instance, certain dietary customs may influence food choices or preferences, leading individuals to select specific types of cuisine or ingredients.
5. Traditions: Traditions are long-established customs or beliefs passed down through generations. They can have a profound impact on purchase decisions by instilling a sense of cultural identity and preserving heritage. For example, the tradition of exchanging gifts during festivals or holidays may influence individuals to purchase specific items associated with those traditions.
In summary, rituals, symbols, language, customs, and traditions are integral components of culture that shape consumer behaviors and purchase decisions. By understanding these cultural elements, marketers can tailor their strategies to align with consumers' cultural values, aspirations, and identities, creating meaningful connections and influencing consumer choices.
Know more about cultural heritage here
https://brainly.com/question/25203096#
#SPJ11
Which of the following compounds has the highest boiling point? CH4 CH3CH3 CH3CH2CH2CH3 CH3CH2CH3
The boiling point of a compound is determined by the strength of intermolecular forces between its molecules.
Intermolecular forces such as hydrogen bonding, dipole-dipole interactions, and London dispersion forces play a significant role in determining boiling points.CH4 (methane) is the lightest compound with the weakest intermolecular forces. It only experiences London dispersion forces, which are generally weaker than other intermolecular forces.CH3CH3 (ethane) has a slightly higher molecular weight than methane, but its intermolecular forces are also limited to London dispersion forces.
To know more about intermolecular visit :
https://brainly.com/question/31980535
#SPJ11
The Law of One Price is referring to . Countries with the same bond yields should have the same inflation rates bthe act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making certain quoteed profits a. the composition of a standard commodity basket da legal condition imposed by the U.S. Commodity Futures Trading Commission .. the same or equivalent things trading at the same price acrobierent locations or or markets 20 Which of the following are associated with interest Rate Party? A Big Mac sold around the world should have the same price in.g. in dollara when the local currency is adjusted to dollara D. the act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making certain guaranteed prots c. When the central bank of a country brings its domestic interest rate in line with its major trading partners d. when a government brings its domestic interest rate in line with other major financial markets. an arbitrage condition that must hold when international financial markets are in equilibrium bon
The Law of One Price is a concept that states that the same or equivalent goods trading in different locations or markets should have the same price.
In other words, the prices of goods that are identical or nearly identical should be the same across different markets when converted into a common currency and adjusted for transportation costs.In addition, the Law of One Price indicates that if two countries have the same bond yields, they should have the same inflation rates as well. This concept is often used in the study of international trade and finance to evaluate the efficiency of markets and investment opportunities.In relation to the Interest Rate Parity (IRP), it is a condition in which the domestic interest rate of a country is equal to the interest rate of a foreign currency. IRP can be maintained in two ways: (1) when the central bank of a country brings its domestic interest rate in line with its major trading partners, or (2) when a government brings its domestic interest rate in line with other major financial markets.In conclusion, the Law of One Price and the Interest Rate Parity are important concepts in international trade and finance that provide valuable insights into the behavior of markets and investment opportunities.
To know more about equivalent visit :-
https://brainly.com/question/25197597
#SPJ11
