Using these figures and assuming that both heavy and medium users (those buying between 1-9 pounds of cyano-acrylates per year) are potential customers; the maximum size of this market is estimated at 81,000 purchases. At 157.50 per unit, even with 100% penetration the market will not be worth more than $12.77 million in sales, with a more realistic estimate being $ 4 million in sales. The disparate nature of usage patterns across firms make it difficult to identify critical variables that can form the basis of segmenting the market. Possible ways to segment customers is on the basis of nature of the firm (small firm vs. large firm); sector of business (which industrial markets to target), current usage behavior (heavy CA usage vs low CA usage), nature of work (OEM vs MRO), and brand loyalty (SuperBonder usage vs competitors). Given that data about
DFW is estimated to contribute 60% of market, wherein DIY buyers account for 70% in DFW and 90% in non DFW area. Although, 50 % of DIY paint market in DFW metropolitan area make their purchases through Mass merchandisers distributions, the distribution network are not able to retain the same in Non-DFW area due to lack of customer relation and service. Since half of architectural coatings dollar sales are from DIY painters, it would be right to target these customers. EVALUATION OF ALTERNATIVE COURSES OF ACTION 1) Increase in Advertisement Expense: An increase in Ad expense ($350,000) seems to be appropriate option. Since DIY buyers contributes maximum purchase share in architectural coating, they would be the first consumers to be targeted.
When grouping the customers by age, it shows that around 80 percent are between thirty to sixty years old, with the age “40 to 50” and “ 30 to 40” are the top two group both having a large percentage around 30% (Table 4). Referring to the data of the items one customer purchased, it shows that over half of customers would like to buy 1or 2 items in the store (Table 5). Then the statistics on the net sales indicate that over 74 percent of the customer would like to spend under one hundred dollar to buy products（Table 6). When it comes to the method of payment, 70 percent of the whole customers prefer to choose National Clothing Card, and the next two options are MasterCard and Visa (Figure 1). When investigating the relationship between the net sales and customer age, the scatterplot shows there is neither positive nor negative correlation between the two factors ( Figure 2).
Tanglewood losses approximately 50% of their sales associates due to turnover in a typical year because of this continuous recruitment is a must. Below is a recruitment guide for the position store associate. EXHIBIT 3.1 Recruitment Guide for Store Associate Position: Store Associate Reports to: Shift Leaders, Department Managers Qualifications: No specific qualifications required Relevant labor market: Pacific Northwest Timeline: Begins 7/18/2011 Continuous recruiting effort Staff members involved: V.P. Human Resource HR Managers Department Managers Shift Leaders Budget: Fixed costs | Media | Referrals | Kiosk | Job service | Agency | Cost of setup (per site) | $ 10,000.00 | $ 10,000.00 | $ 40,000.00 | $ 10,000.00 | $ 50,000 | | | | | | | Variable costs | | | | | | Materials cost per applicant | $ 10.00 | $ 10.00 | $ 1.00 | $ 5.00 | $ 10 | Processing cost per applicant | $ 30.00 | $ 30.00 | $ 30.00 | $ 15.00 | $ 30 | Additional pre-hire costs | $ 20.00 | $ 120.00 | $ 20.00 | $ - | $ 20.00 | Orientation and training | $ 2,000.00 | $ 2,000.00 | $ 2,000.00 | $ 1,000 | $ 1,000.00 | Ideal candidates for
GDP composite of china 2009 Physical capital accounted for almost 50% of total growth and labour for only a little over 10% over recent. Total factor productivity contributed the remaining growth, partly driven by the reallocation of labour from the rural sector to manufacturing. China’s savings are high but it is not the household saving, it is unchanged since 1990's, therefore the consumption is 35%. The corporate savings have increased due to the firm tendency to retain earnings. According to World scope data, over half of listed Chinese industrial firms did not pay a dividend over the past decade.
Alden prefers its plants to operate at about the 85th percentile. With demand in Europe expected to rise by over fifty percent in the next ten years, the problem lies with current production facilities and management methods used. Alden will either need to ether build a new plant or expand operations at its current plants. Overview: The Netherlands plant was built in 1962 and has had six expansions since. It has employs outside fillers to keep up with production needs.
ECON 545 (Business Economics - DeVry University) Week 6 Quiz Answers Set 1 Week 6 quiz |Question: |(TCO F) The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In | | |this community, 200 people over the age of 16 do not have a job, and are not looking for work. In addition, 100 | | |people in the community are under the age of 16. The unemployment rate is: | | | | |Your Answer: |Unemployment rate = unemployed/labor force x 100 (80/800) x 100 = 10% Unemplyment rate = 10% | |Instructor |The unemployment rate is calculated by dividing the number of unemployed by the labor force. The labor force is | |Explanation: |calculated by subtracting three things from the population (# under 16, # of institutionalized adults, and # not| | |looking for work).
How does the sales growth rates in recent years compare with the growth in inventory and accounts receivable? What might explain why these rates are similar or different? In the last financial year, preliminary reports indicate that the company managed to generate $42.6 Million compared to the previous year where it generated $35.1 Million reporting an increase of 21.3% in revenue. Inventory grew by 16.9% and account receivable grew by 40.1% from 2005 to 2006. Ceres is a service company and they carry fewer amounts of inventory compared to a typical manufacturing company.
As of the April 2011 first quarter reporting, the United States has produced 28.3 mmt, which is up 6.8% from the same period last year [ (Leybovich, 2011) ]. “In a report earlier this month, the Organisation for Economic Cooperation and Development (OECO) forecasts that global demand for steel would increase 6 percent in both 2011 and 2012. Growth over the next few years is expected to be considerably faster in emerging markets than in developed ones [ (Leybovich, 2011) ].” Nucor is the second largest steel producer in the United States, only behind U.S. Steel. Nucor is considered a low-cost steel producer in the U.S. and the most efficient and technologically advanced steel producer in the world [ (Thompson/Strickland/Gamble, 2010) ]. Nucor is North America’s largest recycler, 17 million tons in 2010, and uses the scrap steel as the raw material to produce steel and steel products [ (SEC filings Nucor Corporation Form 10-K, 2011) ].
This means that employees may be disgruntled about the socialization process, and not by the job itself. Analysis of reasons for leaving revealed that the main reasons were for career advancement, to travel and work elsewhere, for a complete career change, and because of dissatisfaction with the job role. According to the US Department of Labor, Bureau of Labor Statistics, the average annual turnover rate for any industry in the US in 2006 was 23.4% (nobscot.com). Telesouth is losing nearly twice as many employees in the first year after the recruitment/selection process. The consequences if this issue is not dealt with are the loss of $20,000 per person and a decreased sense of