Wonderful Wire Cable Berhad (manufacturing company) Essays

Wonderful Wire Cable Berhad (manufacturing company) Essays Wonderful Wire Cable Berhad (manufacturing company) Essay Wonderful Wire Cable Berhad (manufacturing company) Essay As for the manufacturing company, the business risk may arise whether the company able to control the output prices. If the company has ability to adjust output prices when there are changes input costs, such as raw material, the lower the degree of business risk. Manufacturing company has the authorities to increase the selling prices of its products, when the raw material costs increases, subsequently company would not bear extra losses. Alternatively, company could not raise the selling prices when the raw material costs increases, the profit of the company will be reduce. Hence, company bears the business risk. For instance, there was a significant decreased in Wonderful Wire Cable Berhads sales which may due to unexpected and unprecedented escalating prices of copper and aluminium which seriously hurt the earnings of cable manufacturers in the country. On the other hand, retailing company, Hai-O Enterprise Berhad does not face this problem as the company does not incurred raw material costs as the manufacturing company. Retailing company get the final goods from the manufacturer and sell off the goods through branches, therefore retailing company does not have significant problem on this. The price of final goods that purchased from the manufacture is more stable. Furthermore, for the manufacturing company such as Wonderful Wire Cable Berhad, will need more finance in order finance its fixed assets. Due to its nature, manufacturing company need more assets to produce their products, so company need more fund to get assets and maintain the assets. Company may have not enough cash or fund to finance; in order to get more fund, short-term borrowings and long-term borrowings will be adopted. Therefore, the gearing of the manufacturing company will be higher than the retailing company. In 2007, Wonderful Wire Cable Berhad has negative financial gearing which mean the company has very high accumulated losses. This is caused by the increased prices in copper and aluminium. Companys equity unable to cover the borrowings, this could lead company into difficulties. However, retailing company such as Hai-O Enterprise Berhad has high operating gearing might be due to the large inventory that the company need to keep in the warehouse. The inventory that kept in the warehouse need to be guard by security or managed by the staff, this may incurred more extra expenses. As we know that, operating expenses is the ratio of the companys fixed cost to its total costs. Therefore, the Hai-O Enterprise Berhad has higher operating costs compare to financial gearing. Company have low financial gearing which mean company does not rely much on borrowings. This gearing indicates that this company is safe for investment. In conclusion, Hai-O Enterprise Berhad and Wonderful Wire Cable Berhad does not represent all the retailing and manufacturing industry. But, it has indicates that the companies need a good risk management to reduce their risk into an acceptable level. Thus, this could ensure the company able to run their operations smoothly without liquidation problems.

Income Elasticity of Demand

Income Elasticity of Demand A Beginners Guide to Elasticity: Price Elasticity of Demand  introduced the basic concept and illustrated it with a few examples of price elasticity of demand.   A Brief Review of Price Elasticity of Demand The formula for price elasticity of demand is:   Price Elasticity of Demand (PEoD) (% Change in Quantity Demanded) à ·Ã‚  (% Change in Price) The formula quantifies the demand for a given as the percentage change in the quantity of the good demanded divided by the percentage change in its price.   If the product, for example, is aspirin, which is widely available from many different manufacturers, a small change in one manufacturers price, lets say a 5 percent increase, might make a big difference in the demand for the product. Lets suppose that the decreased demand was a minus 20 percent, or -20%. Dividing the decreased demand (-20%) by the increased price (5 percent) gives a result of -4. The price elasticity of demand for aspirin is high a small difference in price produces a significant decrease in demand.   Generalizing the Formula You can generalize the formula by observing that it expresses the relationship between two variables, demand and price. A similar formula expresses another relationship, that between the demand for a given product  and consumer income Income Elasticity of Demand (% Change in Quantity Demanded)/(% Change in Income) In an economic recession, for example, U.S. household income might drop by 7 percent, but the household money spent on eating out might drop by 12 percent. In this case, the income elasticity of demand is calculated as 12 à · 7 or about 1.7. In other words, a moderate drop in income produces a greater drop in demand. In the same recession, on the other hand, we might discover that the 7 percent drop in household income produced only a 3 percent drop in baby formula sales. The calculation in this instance is 3 à · 7 or about 0.43.   what you can conclude from this is that eating out in restaurants is not an essential economic activity for U.S. households the elasticity of demand is 1.7, considerably great than 1.0 but that buying baby formula, with an income elasticity of demand of 0.43, is relatively essential and that demand will persist even when income drops.    Generalizing Income Elasticity of Demand Income elasticity of demand is used to see how sensitive the demand for a good is to an income change. The higher the income elasticity, the more sensitive demand for a good is to income changes. A very high-income elasticity suggests that when a consumers income goes up, consumers will buy a great deal more of that good and, conversely, that when income goes down consumers will cut back their purchases of that good to an even greater degree.   A very low price elasticity implies just the opposite, that changes in a consumers income have  little influence on demand. Often an assignment or a test will ask you the follow-up question Is the good a luxury good, a normal good, or an inferior good between the income range of $40,000 and $50,000? To answer that use the following rule of thumb: If IEoD 1 then the good is a Luxury Good and Income ElasticIf IEoD 1 and IEOD 0 then the good is a Normal Good and Income InelasticIf IEoD 0 then the good is an Inferior Good and Negative Income Inelastic The other side of the coin, of course, is supply.

Introducing a line of bottled water Essay Example | Topics and Well Written Essays - 3000 words

Introducing a line of bottled water - Essay Example In order to differentiate within the market, the supplements would be developed so that the water taste was not changed, and through marketing to the segment of the population that is starting to experience minor ailments and issues that can be directly addressed through supplements. The segment would be the aging population that is 40 and over. Marketing will also have to be directed to a broader demographic through onsite marketing that is less specific to age. As the bottled water market has increased steadily since 1997, the potential for success is high. Introduction Bottled water has become a staple in Western society, a trend that stems from a variety of areas of concern. One of the reasons that bottled water has become a prominent resource for hydration is that the fitness industry has determined that a significant amount of water, usually defined by about 2 litres, per day is necessary for good health (World Health Organisation 2004: 486). Another reason that bottled water h as become more marketable in the last few decades is that public water, as in tap water, has come under attack for the purity and safety that it contains. As a result, a natural marriage between the health industry and bottled water has emerged in which diversification into the bottled water market makes sense for corporations that have health related products already in their product line. One company that has yet to develop bottled water is GlaxoSmithKline. Through the exploration of their current line of products and brands, along with an exploration of the overall market, the addition of a line of water to the GlaxoSmithKline product line would enhance the current product line as well as open up a new market. The brand name of the proposed new line of water will be called PURE with a supplemental line of text used to define which type of water is being offered. The line of bottled water would not simply be the one line of basic water, but in order to appeal to the chosen demogra phic, a line of water with supplements within them would increase the potential success of the line. Taking the example of waters such as Dasani by the Coke product line and Aquafina by the Pepsi product line, creating flavoured waters or water with minerals and supplements has shown to have success. The twist on this line of water is that all of the water will taste like water, but will have supplements that target the differing needs of those who are aging. GlaxoSmithKline Company Overview Formed in 2001 through a merger between GlaxoWelcome and SmithKline Beecham, the company holds its headquarters in Great Britain with most of its business being conducted in the United States. As a pharmaceutical leader, the company is a leader in respiratory, central nervous system research, diabetes and vaccines, with 2003 seeing pre-tax sales of more than 21.4 billion. Profits were approximately 6.3 billion with an investment

OLD DOMINION TRAIL BIKES Case Study Essay Example | Topics and Well Written Essays - 1250 words

OLD DOMINION TRAIL BIKES Case Study - Essay Example III. Ted also tries to get good deals from his suppliers so he can realize a good margin on his bikes and accessory sales and repairs. Ted therefore looks for situations where suppliers have got more bikes in a line than they need and buys those bikes at a discount for rentals and low-ends sales while at the same time maintaining a rapport with end suppliers so that he can offer his customers the best at reasonable prices. III. The other vital process is operational process which spells out what should be done at any particular moment of the day and by who. Technology would assist by increasing efficiency in the business as well as assisting employees to manage their duties well (Qingyu, 2007). 4. Ted could make use of the internet by utilizing the following two other ways; first he could start selling his wares such as helmets, speedometers, online. In this case he would be very sensitive by using pricing as an e-business concept and thus he should be very wary of the competition and what they have in store. Ted should therefore price his wares strategically so that he can get customers Secondly Ted could also make use of the internet for researching purposes. This is what is known as value proposition and assists in describing the value that the given company provides to its customers as well as many others. He would research on what is most required by customers and the latest trends so that he can satisfy them. 5. Supply chain basically means the management of the way goods flow through an organization. Thus for Ted the flow of his products from the manufacturers to his stores and afterwards to the final consumer can effectively be manned by SCM. Thus SCM involves making a product from various parts bought from suppliers, and later on selling those products to consumers. Thus Ted could reap a lot of benefits from SCM by planning how the services(repairs, rentals) or goods(bikes, helmets, etc) he is selling will meet the

The Kite Runner Essay -- Literary Analysis, Khaled Hosseini

As implied by the title, kites play a major role in the novel The Kite Runner by Khaled Hosseini. They appear numerous times within the text and prove to be surprisingly versatile in their literary function. They provide common ground for characters whose interests do not normally intersect. They are also present as a very powerful symbol, which adds an extra dimension to this already literary rich novel. Reversing the roles transcending generations, it shows itself to be a multifaceted medium. This novel presents two almost irreconcilable individuals. The main character, Amir, was raised without a mother; therefore, Amir was left with his father, Baba, to please as he grew up. Early on in his life, it became obvious that pleasing Baba would prove to be problematic. They simply did not have similar interests as a consequence of Baba â€Å"fathering a son who preferred burying his face in poetry books to hunting† (Hosseini 19). Baba was described as a very dominating figuring standing at a monstrous six feet five inches tall who often enjoyed hunting and ran his own business. Amir, on the other hand, was of insignificant stature even for his young age and often was found reading poetry and stories with his friend and servant, Hassan, who, although being a year younger than Amir, often beats Amir in the area of athletic prowess such as throwing rocks when â€Å"Hassan made his stone skip eight times. The most I [Amir] managed was five,† (Hosseini 14) or even si mply running when Amir said, â€Å"Hassan ran faster than I [Amir] did, and I was falling behind,† (Hosseini 53). The son was simply not very sportive. Inversely, The athletic father also greatly enjoyed playing soccer as a child and later enjoyed being a spectator of this sport; consequ... ...r image had occurred from the past with the reversal it entails. The kite is important in this situation because the reversal could not have taken place in any other scenario. Sohrab would not interact with the world nearly at all at this point, and the only way it could have paralleled would be with a kite battle. Amir had traded places with Hassan through Sohrab with the use of the kite. Wholly proving to be a very dynamic object in this novel, it functions on multiple levels. It provides a connection between two characters that reside in totally different spheres of interests. It acts on the symbolic level as a symbol of freedom for the characters within. It also provides a medium for the reversal of roles between two characters in this novel. Kites prove to be quite potent in their presence and function in the novel, The Kite Runner by Khalid Hosseini.

101 Topics to Write About in Your Articles, Newsletters and Blogs

You are here: Home / Blogging / 101 Topics to Write About in Your Articles, Newsletters and Blogs 101 Topics to Write About in Your Articles, Newsletters and Blogs BY SUSAN YOUNG AT 10:34 PM 11 COMMENTS Finding a topic to write about for your e-zine, blog post, or bylined article can cause a lot of people and â€Å"non-writers† to stress over topics, ideas and creativity. I thought I’d help by offering you 101 ideas that you can write about. Keep this in mind. These topics are great for video blogs too. You may wonder how you can connect these back to your business, products, services, clients and prospects.Yes, even a trip to the mall or a conversation with your dry cleaner are topics or examples worthy of mentions in your articles and blog posts. Become â€Å"Life’s Little Observer† and use your writing and the topics as they relate to the bigger picture–like your customer service philosophy, your new product, your policies, relationships, attitud es, success, motivation, lessons learned, â€Å"A-HA† moments and more. The key is to show your reader how your example or story is relevant to them and how you can help them. Share a piece of yourself along the way. Here we go: Your business A new product or service An old product/serviceYour ideal client Tips on your expertise How you broke an old habit Life lessons learned A mentor A vacation A challenge you have overcome A challenge you are dealing with A challenge you need/want to overcome A child who has inspired you Your first car Your new car/dream car A current event Your hero A childhood lesson An award you have won Your unfulfilled dream A sibling Your parents Your grandparents Vacation trips in the car Airport/travel stories Your best friend Gardening Customer Service A college experience Your favorite teacher A book you just read Your favorite book A quote A local event/incident A speech you heardA speech you gave A run-in with a neighbor Family reunions Holidays Music you enjoyed when growing up The traits of your favorite Superhero or Fairy Tale Character Your birthday Anniversary of your company An experience you’ve shared with your partner/children An experience you’ve shared with a colleague An experience you’ve had with a complete stranger Moving to another home Moving to a new city A movie you just saw A hobby you have cultivated over the years A collection you have kept for a long time A show you have seen A sporting event The Top 5 Things You Want to Do Before You Die Your parking/speeding ticketSocial media friends Your dry cleaner Your dentist/doctor Your vet/your pet Your military experience Your 1st grade teacher Your favorite college professor Your favorite food Your goals Time management success tips Your first concert/Broadway show Your wedding A break-up Your first love/date Networking Your house Your vacation/dream house Exercise Your favorite non-profit Your favorite kids book Why you have a fence in your backyard (or don’t) Your favorite season Your favorite sports team Your favorite way to relax Your most prized possession Your favorite newspaper Your favorite new gadget Your prom/graduationYour first public speaking experience A sales debacle Your best example of negotiating The strangest or most interesting experience you’ve had in the mall Your favorite magazine Pet-peeves Life in suburbia/Life in the City How you started your own business Leadership Driving habits Your favorite blogs/websites Marketing Your favorite video clips Your own â€Å"Top 10 List† Forgiveness A famous person you met A conference or trade show you attended Your favorite place Bring your readers full circle with a message, theme or lesson that impacts their worlds. Use the 101 ideas as a springboard for your wordsmithing and success.

Healthsouth The Wagon At Disaster - 1383 Words

HealthSouth: The Wagon to Disaster is an eye-opening and compelling insight into what went on behind the colossal travesty HealthSouth Corporation became. The account is written by Aaron The beam, a founding member of HealthSouth who witnessed the rise and fall of Wall Street’s darling. The novel details the beginnings of both Richard Scrushy and Aaron Beam, the conception of HealthSouth, and the slow, slippery cliff of fraud that would lead to the downfall of a billion-dollar enterprise and tragedy for most involved. The story of HealthSouth begins with two of the most well know founders. Richard Scrushy was a bold, charismatic man of middle-class beginnings. He would rise from a mason to one of the highest earning CEO’s in the country due mainly to his ability to drive, charm, and manipulate those around him. Driven by the desire to attain wealth and status Scrushy was hired in at LifeMark where he rose through the ranks as a result of his unbridled competitive nature and workaholic tendencies. Though it was at the end of Richard’s career at LifeMark that the story of HealthSouth begins. When it was announced that the company’s Houston office would be closing Richard brought Beam and a few others into his plan. Scrushy wanted to form a company based on a new type of rehabilitative medicine company that due to the changing medical field was highly profitable. This bold and ambitious idea the degree of brilliance Richard Scrushy had. Certainly most of his future ideasShow MoreRelatedSummary : Liberty University 1620 Words   |  7 Pagescompany’s financial statements? In an attempt to answer this question, a question came to mind about Aaron Beam. In his book â€Å"HealthSouth: The Wagon to disaster† he asked this question: â€Å"what if I had said no to Richard Scrushy? Beam talks about all the harm he caused just because he could not stand up to Scrushy and took part in the massive accounting fraud at HealthSouth. Having read his book and the lessons learned from it, I will have done things differently than what Catherine Sprauer did. First