Tootsie Roll Industries

1013 Words5 Pages
Tootsie Roll Industries Loan Proposal Deana Streifel, Kerry Motes, Lyzia F., Samir Badran ACC/561 October 1, 2011 Professor Jason See Tootsie Roll Industries Loan Proposal Tootsie Roll Industries, Inc. has been engaged in the manufacture and sale of confectionery products for 111 years. Its products are primarilysold under the familiar brand names: Tootsie Roll, Tootsie Roll Pops, Caramel Apple Pops, Child’s Play, Charms, Blow Pop, Blue Razz, Cella’s chocolate covered cherries, Mason Dots, Mason Crows, Junior Mints, Junior Caramels, Charleston Chew, Sugar Daddy, Sugar Babies, Andes, Fluffy Stuff cotton candy, Dubble Bubble, Razzles, Cry Baby, Nik-L-Nip, and El Bubble. Comparative Advantage Tootsie Roll Industries believes that the differences among companies are attributable to the caliber of their people, and therefore it strives to attract and retain superior people for each job. Moreover, Tootsie Industries believes an open family atmosphere at work combined with professional management fosters cooperation and enables each individual to maximize his or her contribution to the Company and realize the corresponding rewards. The company does not jeopardize long-term growth for immediate, short-term results. It maintains a conservative financial posture in the deployment and management of assets. It continually strives to eliminate waste, minimize cost and implement performance improvements. Tootsie Roll Industries invests in the latest and most productive and technologically advanced equipment to deliver the best quality product to its customers at the lowest cost. In addition, it seeks to outsource functions where appropriate and to vertically integrate operations where it is financially advantageous to do so. Its strengths are in its assets and well-known brands that are aggressively advertised and promoted to each new generation of consumers.
Open Document