...Survival Strategies: After Cost Cutting, Companies Turn Toward Price Rises --- They Don't Call Them That, But Some Trim Discounts And Add New Premiums --- Charging Extra for Odd Sizes By Timothy Aeppel 1,783 words 18 September 2002 The Wall Street Journal (Copyright (c) 2002, Dow Jones & Company, Inc.) Inside the walls of American industrial companies, something unusual is going on: an all-out search for new ways to charge more money without raising prices. Goodyear Tire & Rubber Co. has chopped discounts to its biggest distributors, which had been taking advantage of favorable prices to undercut Goodyear elsewhere. Jergens Inc., a Cleveland industrial parts maker, has started charging big premiums for small orders of fasteners that it used to price like larger orders. Union Pacific Corp. has started charging its rail-freight customers as much as 40% extra for faster delivery. Low inflation and fierce global competition are huge barriers to price increases. But in a weak economy, many companies have already jumped through hoops to cut costs and boost productivity. So now they need to find new ways to wring more money from their customers. For many industrial companies, there's some room to maneuver because they haven't looked at pricing this way before. Their businesses have run on bulk rates charged for commodities -- some of them measured by weight -- with big discounts for big volumes. Many are used to seeing prices go down over time, not up. The quest for ways to reverse that...
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...Charles Goodyear The Strange Story of Rubber In midsummer of 1834 a bankrupt hardware merchant from Philadelphia, Charles Goodyear, walked into the New York retail store of the Roxbury India Rubber Co., America's first rubber manufacturer. He showed the store manager a new valve he had devised for rubber life preservers. The manager shook his head sadly. The company wasn't in the market for valves now; it would be lucky to stay in business at all. He showed Goodyear why: rack on rack of rubber goods which had been melted to malodorous glue by the torrid weather. In the company's factory at Roxbury, Mass., he confided, thousands of melted rubber articles were being returned by outraged customers. The directors had met in the dead of night to bury $20,000 worth of stinking rejects in a pit. The "rubber fever" of the early 1830s had ended as suddenly as it had begun. At first everybody had wanted things made of the new waterproof gum from Brazil, and factories had sprung up to meet the demand. Then abruptly the public had become fed up with the messy stuff which froze bone-hard in winter and turned glue-like in summer. Not one of the young rubber companies survived as long as five years. Investors lost millions. Rubber, everyone agreed, was through in America. Goodyear disappointedly pocketed the valve and took his first good look at rubber. He had played with bits of it as a child, but now, at 34, he experienced a sudden curiosity and wonder about this mysterious "gum elastic...
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...Finance Argosy University Assignment M8A1 This research paper is focus on Goodyear Tire and Rubber Company (Goodyear). The objective of this research paper is to determine if Goodyear should expand to Vietnam as a Foreign Direct Investment (FDI) or not. The research will focus on these areas: 1) Goodyear Financial 2) History of Goodyear 3) Principal of Business 4) The Country Vietnam a. History b. Economy d. Trade and Balance of Payments g. Intellectual property rights h. Work forces i. Currency exchange rate 5) Conclusion Goodyear is a US based company, which is traded on the New York Stock Exchange (symbol GT). They have more than 20,000 investors and employ about 72,000 people around the world. They are one of the world’s leading tire companies and second largest tire manufacturer in Europe behind Michelin. They have 55 plants in 22 countries and operate in most regions of the world. Goodyear Tire and Rubber Company was founded by Frank A. Seiberling in 1898. During the early stages of the company, rubber and cotton were the lifeblood of the organization. The wingfoot trademark of Goodyear was not known to the public until it was first advertised in 1901. In 1905, four years after Goodyear first advertised, they emerged into a tire manufacturer leader. In 1910, Goodyear became a multi-national company when it acquired foreign plant in Bowmanville, Ontario, Canada...
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...for each of the two projects. b. Which project is less risky? Why? c. If you were making the investment decision, which one would you choose? Why? What does this imply about your feelings toward risk? d. Assume that expansion B’s most likely outcome is 21% per year and that all other facts remain the same. Does this change your answer to part c? Why? Chapter 10: Problem 10.4 a. Determine the range of annual cash inflows for each of the two projects. b. Assume that the firm’s cost of capital is 10% and that both projects have 20-year lives. Construct a table similar to this for the NPVs for each project. Include the range of NPVs for each project. c. Do parts a and b provide consistent views of the two projects? Explain. d. Which project do you recommend? Why? Business - Finance FIN 419 Week 1 Individual Assignment Limited Liability Corporation and Partnership Paper FIN 419 Week 2 Individual Assignment Assignments from the Readings FIN 419 Week 2 Learning Team Assignment Financial Outcomes Paper Goodyear FIN 419 Week 3 Individual Assignment Assignments from the Readings FIN 419 Week 3 Learning Team Assignment Capital Valuation Paper Goodyear FIN 419 Week 4 Individual Assignment Assignments from the Readings FIN 419 Week 4 Individual Assignment Sco...
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...| Understanding your customer | Individual assignment | | Imraan Ebrahim Student number 21350020 | 6/24/2013 | | Contents Introduction page 3 The Customer page 4 The Organisation page 4 The competitors page 5 The environment page 5 Marketing strategy page 6 Target market page 6 Product page 7 Range page7 Promotion page10 Place page 10 Price ...
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...Leonard F. Knobbs Mid Term Exam Fall 2014 MBA 830 – Financial Statement Analysis 1. In order for an asset to be reported on the balance sheet, it must be owned by the company and be expected to provide future benefits. True or False – It is false because doesn’t have to be owned, it can be controlled by the company as well. 2. In addition to purchased assets like inventories and equipment, companies also may report on their balance sheets intangible assets such as the value of a brand name. True or False 3. A credit limit is: 1. A company’s total debt 2. The maximum that a company can borrow 3. The maximum that a creditor will allow a customer to owe at any point in time 4. The property that a company pledges to guarantee repayment 4. A letter of credit: 1. Ensures a company that funds will be available when needed 2. Is analogous to a credit card that companies can draw on as needed 3. Is a representation that a company has a high credit rating 4. Provides a guarantee of payment from the buyer, reducing the credit risk to the seller 5. According to GAAP revenue recognition criteria, in order for revenue to be recognized on the income statement, it must be earned and realized (realizable). True or False 6 In order to report accounts receivable, net, companies estimate the amount they do not expect to collect from their credit customers. True or False 7. The 2011 financial statements...
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...#1 Mother says she killed babies after incest By Associated Press June 26, 2015 | 9:20am New York http://nypost.com/2015/06/26/woman-killed-eight-babies-produced-in-incest-with-her-father/ Modal Trigger Dominique Cottrez, 51, appears in court June 25.Photo: AP DOUAI, France — One day in the summer of 2010, a man was digging in his garden in northern France when he discovered a trash bag containing the remains of an infant. When he summoned the police, they found the body of another newborn. A few days later, they found more bags in the garage — with six additional small corpses. Police contacted the house’s previous owners, and quickly discovered the horrifying explanation: Frenchwoman Dominique Cottrez confessed to secretly bearing and then killing eight of her newborns, saying she feared they were children of a long, incestuous relationship with her father. But forensic exams on the remains of the eight infants, and tests on her two living grown daughters, showed that all were fathered by Cottrez’s husband, according to court documents. Cottrez, 51, went on trial Thursday in the city of Douai, accused of multiple counts of first-degree murder of minors. Cottrez wept as she took her seat. She faces life in prison if found guilty. Her lawyers were expected to argue that she was a victim of rape and incest, and ask for a lesser sentence. The worst infanticide case in modern French history stunned the country when the bodies were discovered in and around Cottrez’s...
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...Abstract Using the internet and all that’s available on the web today, an eight week stock simulation was conducted to investigate the effects of different trading strategies on outcome of investments in the stock market. The knowledge and experience received from this project would be helpful for people to become better investors in future real-life investments. 5 Chapter 1: Introduction 1.1 Goals of the Project: The main goal of this project is to learn about the stock market through practice with a short-term and long-term stock market simulation. I will start short-term trading with 10 stocks that I selected over the first few weeks. I have also selected 2 stocks which will I will trade in a long-term method over the next 8-week period. After investing in the selected stocks, I will be able to analyze the simulation and make conclusions based on my performance. I am beginning with $200,000, and then will scope over my profits and losses to understand which methods work best. Starting in Chapter 1, I will explain the history of the stock market and who is involved with it. In the following chapters I will show my results of the simulation and discuss them. I will conclude the simulation in the final chapter, which will cover all results and what I learned during the 8-week period. 1.2 History of the Stock Market: The stock market is a trading place where bonds and stocks can be traded, usually to gain some type of income. Basically, a stock is a piece of...
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...Tire Companies & Rubber Fabian D. Benson Instructor: Sharif Muhammad BUS620: Managerial Marketing 21 May 2012 Michelin North America is the world’s number one seller in commercial and heavy truck tires. Michelin North America has been around (in America) since 1907. It was founded in 1888 by Andre and Edouard Michelin brothers from France. Throughout the years this company has been in some stiff competition; like all companies go through that produce a certain product that is vital to the needs of companies, businesses, and individual needs. The competition has been Firestone, Bridgestone, and Goodyear. Although Michelin tires are by far the better product in the tire business out of the three brands, now that the economy is at one of the worse points ever; individuals are looking for the least expensive brand and product. When you have the best product it normally means you have the best technology, equipment to make the product, masterminds behind the ideas, and best goods and services. Along with being the best there is a high cost. Over the years Michelins tire prices have gone up with the cost of rubber. There are two types of rubber that Michelin uses: 1) Natural Rubber and 2) Synthetic Rubber. Synthetic Rubber is the cheapest rubber and the natural rubber is the most expensive. Rubber is a material from latex sap trees that is vulcanized and used in various products; it is the most important piece that goes into a tire. When looking at rubber...
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...IN-COMPANY TRAINING REPORT ON “MARKETING STRATEGIES OF JK TYRES” COMPLETED IN JK TYRE LIMITED [pic] SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENT OF B.COM (H) IIIRD YEAR DELHI COLLEGE OF ARTS & COMMERCE, NEW DELHI TRAINING SUPERVISOR: SUBMITTED BY: MR. HARMEET SINGH KOHLI KARAN ARORA (Marketing Manager Central Zone) ROLL NO. 336 SECTION - A STUDENT DECLARATION I hereby declare that the Summer Training Report conducted at “Marketing Strategies of JK Tyres” submitted in partial fulfillment of the requirement of B. Com(h) III Year. It is my original work and the same has not been submitted for the award of any other Degree/diploma/fellowship or other similar titles or prizes. KARAN ARORA ROLL NO. 336 SECTION - A UNDER THE GUIDANCE OF: MRS. NEHA AGGARWAL MR. PANKAJ KUMAR (FACULTY OF COLLEGE) Student signature ACKNOWLEDGEMENT It is indeed a moment of immense gratification for me to express my deepest gratitude to Mr. Harmeet Singh Kohli, (Marketing Manager Central Zone) for providing me with an opportunity to carry out this project study and help me create this report on “Marketing Strategies of JK Tyres". I am grateful to him for forecasting an excellent academic ambience...
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...CAR TYRES | AN Industry Overview | This project looks at the Car Tyre industry in India and how the Distribution channel helps this industry to grow and serve the needs of the End consumer. | PROJECT DONE BY:VIKRAM FALOR : DM14157RAMYAA RAMESH : DM14266AMIT SHUKLA : DM14104 | Introduction:- The Indian Tyre Industry is a critical part of the Auto Sector and there is a huge interdependent on those of the Automobile players. The Indian tyre industry accounts for approximately 5.0% of the Global tyredemandgeneratingrevenuesofapproximately`30,000cr for FY2011. Out of which 90-95% has come from the domestic market. There are around 40 tyre manufacturers in India and the top 10 tyre player’s account for approximately 90-95% of the total tyre production in India. The growth in domestic tyre industry was negatively impacted by the global slowdown in2009.Nevertheless,the industry experienced are mark able recovery in 2010. This growth was primarily driven by strong revival in automobile demand on the back of improvement in macro economy and easing of interest rates. The Indian Tyre Industry produced 119.2 mn units of tyres (1.5mntonnes) in 2010‐11. On an average, In Indian early 60.0% of the production is for replacement market, followed by 25.0% sold to OEMs directly and the balance is exported. Globally, the OEM segment constitutes 30.0% of the tyre market, exports 10.0% and the balance from replacement market. Exports turnover for India during 2010‐11 stood at `3,600cr...
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...Historical Context: The Great Depression in the United States started in 1929 when the stock market crashed. It caused an economic depression. The depression last over ten years and had long-term social, economic, and political effects on American society. It is still one of the greatest defining eras in US History. In general, we know what caused the Great Depression, but these causes are still debated even today. It happened after a period of great prosperity (The 1920s) when American commerce was growing. The issues that surround the causes of the depression are still issues today. Task: Using information from the documents and your knowledge of United States history and government, answer the questions that follow each document in Part A. Using your answers from Part A you will write an essay (Part B) in which you will be able to: • Discuss the following three causes of the Great Depression, o Use of Credit o Over speculation o The Federal Reserve’s Monetary (Money) policy Use the box below to organize your notes and ideas that can be used to convert into an essay. Part A: Short Answer Document #1 Ford Advertisement: 1920 [pic] Duke University Library 1. An average annual wage of all industries in the 1920s was about 1400.00 dollars a year. Many workers averaged (depending on the job) between .50 cents per hour up to 2.00 dollars per hour). How much does a worker make a month making 1.00 per hour (40 hour work...
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...Introduction Globalization and technical progress brings new possibilities, and also problems for individual persons and the organizations. As the companies are free to move in the world in search of talents and resources, so highly qualified and skilled persons do not miss this possibility to choose work which in the best way answers their purpose and expectations. Obviously, as men and women do more often job movement, than in the past sharply, perhaps, fast navigation on employers and geographical regions, leaning against extensive social and professional communications. This new breed of people pursue boundless careers which apparently, is limited only to their imagination. (Baum, 1998) This chaotic, nonlinear, networks in the career center is marked by number of problems, redefinitions of the profession, approaches-and-begins that creates possibilities, and also problems for individual and the organizations. In particular, it influences both individual, and the organization as the knowledge is force, it influences another. In this paper we will argue that careers have not become boundary less in any absolute sense. Instead career boundaries have become much more difficult and many-sided in nature for graduates in volatile economy of UK. Definition - Career The “career” term has many values. In popular uses, it can mean advancement in someone sequences of workplaces. Career is generally sequence of the positions occupied by the individual during his or her life....
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...Introduction and background Cost accounting is the process of accumulating, measuring, analyzing, interpreting and reporting of the information related to the cost. This type of process is useful and relevant for all internal and external stakeholders of the business entity. In the management accounting, the term cost accounting includes the works of establishing budget and actual cost of operations, processes, departments, analysis of the variances and profitability or social use of the funds. In the external stakeholders we include all those who have invested money in the company, such as banks, financial houses, investors and others. Internal stakeholders are those people who work within the premise of the company, such as business or company directors, division heads and managers. Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution, when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age, most of the costs incurred by a business were what modern accountants call "variable costs" because they varied directly with the amount of production. Money was spent on labor, raw materials, power to run a factory, etc. in direct proportion to production. Managers could simply total the variable costs for a product and use this...
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...Cost: The importance of cost is low. Because of their technical excellence and their excellent research and development exercises the customer is willing to pay a higher price, which counterbalances the high cost. Dependability: Customers do not mind waiting for three months but they expect timely delivery. Therefore, DM needs to provide this level of reliability to the customers. Speed: Significance of speed is low. From the placement of order it takes up to 3 months to deliver the final product. The customer is ready to wait for 3 months for the product. Quality: Significant importance which they ensure through their strict quality assurance process. Flexibility: Need to focus on flexibility because there exists a high level of customisation. Around 70 per cent of all orders involved some form of customisation from standard ‘base models’. New Strategy: Cost: Importance to cost is comparatively more since the customers are provided with standardized products which have close substitutes. Dependability: Customers are not ready to wait for delivery of standardized products. Speed: The speed to manufacture is required to be higher for standardize products. Customers are not ready to wait; hence speed should be given greater importance. Quality: DM lays emphasis on quality as it focuses on technical excellence and expresses concern about the quality of suppliers. Flexibility: There is a high level of standardization which leads to low importance of flexibility...
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