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Campbell

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Submitted By tamraa
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1) Describe how business activity in your company combines human, physical and financial resources to create goods and services What does the company do? and how does it go about business?
-Campbell soup is one of the leading soup producers in the world. It mainly serves in the secondary sector, manufacturing. All its resources are focused on expansionism and marketing. Since the company is already well known, it is only the point of sales which matters. Therefore, Campbell soup focuses and specializes in the soup, leaving other corporations to manage the collection of raw materials and to sell the products. Even though the company has many other spin-offs and brand names, Campbell soup makes soup… * The mushroom chicken soup and corn soup are famous cash cows…
2) Analyze the impact on business activity of changes in the economy.
-Canned soup is most likely an inferior good. Therefore, when the economy crashes, Campbell soup’s stocks grew. But when news about the advance purchase of raw materials, where prices were still considerably high, the company was slightly affected. On the long run, Campbell soup will remain stable throughout and economic crisis as such. Good for investments! (except, people don’t have money…)
3) Is the business in the Primary, Secondary or Tertiary sector. Describe the nature of the sector and evidence from your business?
-The business is in the secondary sector. This sector generally takes the output of the primary sector and manufactures finished goods. Campbell soup buys its raw materials mostly from American farmers; it does not own any stores to sell its product in. Considering that Campbell soup does not operate in the primary or the tertiary sector, the company simply produces the goods and advertise them.
4) When was the last AGM of the business? What was an issue raised?
-The Annual Meeting of Shareowners will be held on November 20, 2008 at 11:30 a.m., Eastern Time at the Hilton Stamford Hotel and Executive Meeting Center, One First Stamford Place, Stamford, CT 06902. One of the issues brought up is when the company bought raw materials in advance, the prices were still considerably high. Therefore, the company lost a significant amount of money due to previous contracts. Considering that Campbell is a soup company, the economic crisis should not affect the company. But once the news went out about losing money since the raw material prices dropped, the stock price dropped too.
5) Does the business have a mission statement? What is it and is it suitable?
- Together we will build the world’s most extraordinary food company by nourishing people’s lives everywhere, every day.

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 Page
#
 
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Ltd.
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 a. The
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 2
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