The food industry has throughout history been subject to government regulations at national and local levels, which aim to protect the public health and safety of food, regulate trade unions and prevent mislabeling with regard to formulation and content. Governmental organizations have controlled product entry, the way food has been marketed to consumers and the manufacturing practices of food. The most enduring problem in the food industry has been the case of adulteration, which refers to the cheapening of products by adding impure and substandard ingredients. This has posed a threat of unsafe food in the market and a health risk to consumers. Regulations have therefore been necessary to protect consumers from low quality and harmful products.
With management’s goal of expanding our product offerings, I would suggest implementing the sale of a different size of our tomato soup cans that can meet the needs of our customers. Since many of the existing inputs are interchangeable, this will help reduce the development cost of our new product offering. With this new direction, we would need to address the advantages and disadvantages to opening up a new product line to accommodate this new product. If we manufactured both sizes on the same line, even with the use of ERP, there will still be downtime involved from switching the manufacturing line to use different size cans. If there are major gaps forecasted between our production capabilities and the customer demand, it would be wise to consider opening a new production line.
The way that this happen is he gives us an insight on what other countries have done about their heath and food safety. To give an example of this is he said, “Throughout the European Union, laws have been passed to guarantee food safety and animal welfare, restrict the use of antibiotics among livestock, ban genetically engineered foods, encourage organic production, and begin the deindustrialization of agriculture (3). When he gives this example this allows us to compare the US’s current state and see that other countries have made attempts to better their food safety issues. In the US food safety issues are not as important to American citizens because a lot of the food is cheap. They trust the regulations that are currently in place because they might not see all the issues that come along with the not having the best protocols.
(Horngren, C, 1967). Job order costing or job costing is a system for assigning costs to an individual product or batches of products. As such, Law firms or accounting firms would use job order costing because every client is different and
Monopolist will be forced to lower prices from the start due to potential customers waiting for the cuts. Essentially, the monopolist companies are competing against their future alterations of price, where this behavior is even seen in more completive market that has the same effect as bring the prices down to values equal to the marginal cost. This can’t occur for companies selling fresh food (nondurable goods). However, durable goods can be stored for long periods of time thus monopolist flourish in grabbing all potential customers (Coase, 1972). For example, once Apple Inc. sells their newest model of Iphone to the market, they release new updated version of an Iphone so they can keep on selling their phones at the same prices without the need of cutting price to grab customers; they are achieving the same result as price reduction just by releasing a newer version of the Iphone.
It focuses on three areas: (1) Audience analysis; (2) Idea development; (3) Message structuring. In short, the planning process should include analyzing the needs of your audience, developing sound ideas that meet their needs, and then structuring your message. The AIM planning processes unleashes your best thinking and allows you to deliver influential message. Effective business communicators regularly take the following actions to tailor messages to others: identify reader benefits and constraints, consider reader values and priorities, estimate personal credibility, anticipate reactions, and consider secondary audiences. Ideas analyze the business problems at hand; display excellence in business thinking.
Behavioral Economics is becoming increasingly popular as a way of improving public health . Economic theories mostly assumed that agents are rational utility maximizer, also known as homo economics. Behavioral economics is a field that gives an understanding of why the individuals’ behavior is not rational and is influenced by self-control and temptation when making a decision. The public has an attendance of making unhealthy food choices, even though they want to be healthier. They do not give full attention and rational consideration when they make a choice; instead the public often makes impulsive tendencies.
Part-A Q.1. Identify the primary issues facing Walmart. Should Walmart have been able to anticipate the issues it now faces? Ans: Walmart was established by Sam Walton in 1962. In 2005, around 5482 stores were operated in 16 countries and engaged 1.3 million associates in the United States and became the second largest employer after the federal government.
SWOT analysis stands for Strengths, Weaknesses, Opportunities and Threats. It is a method used to examine and collate the internal and external factors that are having an affect on a business 's running and success. The strengths and weaknesses refer to the business 's internal environment, while the opportunities and threats arise from the external environment of the business. SWOT is used for strategic planning and evaluating the current position of a business. Organisations are able to use SWOT to maintain and grow their strengths by recognising the areas of the business that are efficient.