...Kroger Cody Butler, Ahmad Damra, & Doug Edwards Sullivan University Kroger Since it first began in the late 1800’s, Kroger had been a store motivated to expand its role in the community. After first starting out by selling grocery items to customers, it began to also sell bakery items and opened bakeries within the grocery store itself. This was a big convenience for the consumer to be able to shop for most of their grocery items within the same store. The company then set its sights on the meat industry by purchasing several meat markets and packing plants. This allowed them to provide cuts of meat to their customers so that they didn’t have to go to another store to purchase meats. Once again, they found a needed service and expanded their role to capitalize on it. [ (Kroger, 2012) ] Over the years, Kroger’s expansion has followed much of the same lines. Once a service or need in the community is identified, the company researches their role and how they can provide this service within the Kroger store. Some ideas stay and are profitable while others fall by the wayside due to being too costly or not the right fit for the Kroger store. Consumers respond to these services and keep coming back to the Kroger store for their grocery needs as well as other needs that are not grocery related. [ (Kroger, 2012) ] One example of this is the Kroger pharmacy. This service allows the customer to buy their pharmacy items from Kroger and their prescriptions can be...
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...Ethics is definitely in Customer service is one of the most important part of a business. Ethics help us take care of our customers and follow rules to make at business profit at the same time. The product and good customer service is what keep business growing. When I go to the grocery store I look for a family owned business, That runs on ethics, doing the right thing and treating there customers right. I shop at Food Lion when I do my grocery shopping. I love shopping at Food Lion it is very convent for me. They feel like my opinion count. I feel like they take the necessary steps to make sure my food is kept safe and fresh. I do know if they keep the customers happy they will keep them as loyal customers. Sometimes great customer service can make up for one or two bad experiences and keep you as a long term customers. Food Lion is usually great about keeping fresh fruits and vegetables stocked and available for customers, and keeping the store fully staffed and neat. The quality of my food is my first concern when shopping at any store. The second thing I look at is if I am getting a good deal on my products. I will pay a little more for a item if it means getting the quality I want, especially when...
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...Attitudes, and Job Satisfaction Leadership and Organizational Behavior (BUS 520) Dr. Antoinette Bridges KB Gause January 26, 2015 Case Study 1: Examining Emotions, Attitudes, and Job Satisfaction When grocery stores come to mind, we often tend to think of the typical family-friendly environments we’re accustomed to—like our local Publix or Food Lion supermarkets. They are generally set up the same way, they offer almost all the same products, and they’re management operates in almost the same or very similar fashions. The employees are usually pleasant and friendly, their hours of operation are about the same, and most local supermarkets tend to sell products grown or manufactured locally. So what sets these regular supermarkets apart from one another? Aside from price differences and a few differing product offerings from store to store, there aren’t very many differences. This is where stores like Whole Foods and Trader Joe’s come in and break the “boring” grocery store mold. Unlike other chain supermarkets and grocery stores, Whole Foods and Trader Joe’s are specialty foods stores. They offer a variety of the freshest foods and ingredients grown both locally and from around the world. These stores are also very popular for their sustainability efforts that range from the organic products they sell to the paper bags they use when bagging customers’ purchases. These companies are also very well known for not only satisfying their customers, but they pride themselves...
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...Since it first began in the late 1800’s, Kroger had been a store motivated to expand itsrole in the community. After first starting out by selling grocery items to customers, it began toalso sell bakery items and opened bakeries within the grocery store itself. This was a bigconvenience for the consumer to be able to shop for most of their grocery items within the samestore. The company then set its sights on the meat industry by purchasing several meat marketsand packing plants. This allowed them to provide cuts of meat to their customers so that theydidn’t have to go to another store to purchase meats. Once again, they found a needed serviceand expanded their role to capitalize on it. Over the years, Kroger’s expansion has followed much of the same lines. Once a serviceor need in the community is identified, the company researches their role and how they canprovide this service within the Kroger store. Some ideas stay and are profitable while others fallby the wayside due to being too costly or not the right fit for the Kroger store. Consumersrespond to these services and keep coming back to the Kroger store for their grocery needs aswell as other needs that are not grocery related. One example of this is the Kroger pharmacy. This service allows the customer to buytheir pharmacy items from Kroger and their prescriptions can be readied while they shop forgroceries. Another example is Kroger gas stations. Most are right outside the Kroger store in theparking lot. Kroger...
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...Organizational Structure MGT/330 September 26, 2011 Tyler Allen Organizational Structure Organizational Structure is a way or method through use of hierarchy that a group, organization, business, people or objects, collaborate to achieve success on one common goal. There are three types of organizational structure; functional structure is specialized and grouped according to business functions and skills they require, divisional structure the divisional structure groups each organizational function into a division. Each division within a divisional structure contains all the necessary resources and functions within it, and the matrix structure which is a structure that groups employees by both function and product. Functional Structure Functional structure is the structure that Aldi’s grocery store uses. This company starts with operational manager who is the manager over a certain division which is broken down by states, the district manager is over a certain amount of stores in that city, the store managers the person in charge of that particular store, shift managers who are over the cashiers which are the employees. Once a month Aldi’s divisional manager has a meeting with all the district managers and store managers in his division. They discuss; insurance, sales, customer service, and store standards. Once the meeting has taken place the store managers will have a meeting with their employees to discuss changes or concerns that needs to be addressed. This structure...
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...Terri A. Tacquard The History of Food Lion The now ever popular grocery store Food Lion was first founded 50 plus years ago in 1957 in the small town of Salisbury, North Carolina. Originally known as Food Town, Wilson Smith, Ralph Ketner, and Brown Ketner were the great minds who started this now multi-million dollar company. Many believe that more than any other North Carolinian Glenn Ketner helped create millionaires. For those who originally bought stock from Ketner in Food Town and did not touch it, for many simply not knowing if it could make money or not, 20 years later would be multi millionaires. It all started out with a simple grocery store owned by Glenn Ketner named Ketner Grocery, then once his brother Ralph Ketner had went through several jobs came to work for him along with holding several other jobs in the same industry it all started to take shape. Before they knew it, they were in price wars with big names such as Winn-Dixie. The Food Lion name itself was adopted around 1983, when the Belgium-based grocer Delhaize acquired the Food Town name. Once the Food Town chain expanded into the Virginia area, the chain came upon several stores still called Food Town in the central Virginia area, such as Richmond. Once the chain expanded into Tennessee, they would see an even bigger problem. Nearly 100 stores were displaying the name Food Town. Since the Delhaize Corporation had a lion as its official emblem logo, Food Town thought to display it on all of its...
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...two departments that Kroger supermarkets, the bakeries and meat and seafood. History of Kroger “In the 1900s grocery stores bought their bread from an independent individual, but Barney Kroger has, come up with the idea to put the all of the main ingredients together to be able to make a profit” (thekrogerco.com). He decided that if he was to bake his own bread he would be able to decrease the price, so that the consumers would be able to afford and still make a profit. In the year of 1901 Kroger was the first grocery store to have their own bakery, and also was the first to be able to sell meat and groceries all in the same building. He even cook his own can goods. “Kroger operates 37 food processing facilities that make thousands of products that range from bread, cookies, and milk to...
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...Bloom is a very upscale grocery store. The focus is on satisfying customers and providing food services to the community. The store uses clear energizing and communication goals to get the employees to strive to work harder. Employees of Bloom are highly motivated and hard working. Incentives, such as pay raises and promotions are also used to maintain employee satisfaction. Although a division of the Food Lion Corporation, Bloom is a more upscale version of Food Lion. The store uses a variety of consumer-friendly technology. Self-checkout counters allow customers to scan their purchases themselves without having to wait in line for an available cashier. Many produce departments have scales featuring printers that will print a bar code for the item indicating the weight and price of the purchase. The Nature’s Place section offers a wide variety of natural and organic items. A person can also create their own six-pack of beer. To compete with other stores, Bloom also offers a huge selection of in-store services. There is a Redbox for DVD rentals, and ATM machine, as well as copy and fax machines. The Guest Services Center also offers Western Union, check cashing, lottery tickets, hunting licenses, and dry cleaning services. Gift cards, phone cards, and transit cards are available as well. Employees at Bloom appear to be friendlier than most grocery stores. When a customer enters the store, the employees say, “Welcome to Bloom, how may we assist you?” The majority of workers...
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...The Kroger Company has been around since 1883, it was found by Bernard H. Kroger in Cincinnati Ohio (Kroger Company, 1999). The Kroger Company business ownership is a corporation with shareholders. As of September 2014, Kroger has 2,630 grocery stores, 785 convenience stores, 1,271 fuel centers, 37 food processing/ manufacturing facilities, 2,109 pharmacies, and 324 fine jewelry stores (2014). Kroger’s goal for the company is to “Provide customers with great products at good prices and shopping experience that makes them want to return” (2014). As stated above, Kroger does offer various services and products, varying by state and location. A few other services that I did not mention include wireless, video, and bill pay (2014). The ethics they live by are “Honesty, Integrity, Respect, Diversity, Safety, and Inclusion”, which can be found not only online but their personal handbook (2014). Kroger can be found online on Pinterest, Facebook, Twitter, and their personal website (2014). I was unable to find any specific information about the organization being ethical or unethical when it comes to the internet and social media sites. With that being said, I can only assume that everything they are practicing is ethical since I was unable to find any negative information about it. Kroger best fits in business services functional area because they are providing various services (groceries, jewelry, fuel, etc.). Resources Gale Encyclopedia of U.S. Economic History. (1999). Kroger...
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...MONTH: March 2008 Could the Giza Zoo become a rescue center? CAIRO--Little changed in 117 years, the Giza Zoo is either the best of zoos or the worst of zoos, according to many noisy authorities, and may actually be a bit of both. The animal collection is distinctly idiosyncratic and of little value from a conservation perspective, since most of the examples of rare species represent inbred genetic lines. Yet the zoo does include enough lions, elephants, hippos, zebras, giraffes, and monkeys to satisfy most visitors. The animal care attracts far more complaints than the variety. Much ridiculed by non-Egyptians, the exhibits of Rottweilers, Dobermans, German shepherds, and other dog breeds are of interest, albeit apparently declining, in a society where keeping pet dogs is still rare, cold climate breeds are seldom seen, and most dogs are rat-catchers and scavengers. People, many of them elderly, who might never keep a dog from fear of landlord hostility or social ostracism come to feed and pet the zoo dogs. Most of the Giza Zoo is a gathering place for teenagers, but the quiet corner housing the dogs, ducks, and geese is something of a senior center. The Giza Zoo is among the more enduring works of Khedive Ismail, who at age 33 in 1863 inherited the governance of Egypt as senior representative of the Turkish-based Ottoman Empire. Khedive Ismail in 1869 opened the Suez Canal, 10 years after a French corporation began digging it, and in 1875 turned the canal over to the...
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...China China is an ancient culture with numerous regional and national traditions and values. While some of the traditions have died out, many are still a very important part of the Chinese society. The role of men and women in China has changed significantly. In China (100 years ago up to a few decades ago), women were treated as inferior in comparison to men, and were restricted to the confines of their homes to raise the children and clean (Live Science, 2013). They would also sew and weave, and prepare food for guests. Women were thought of as yielding, receptive, passive, reflective, and tranquil, where men were hard, active, assertive, and dominating. The men were the sole income and ‘head of the household’. Their job was to bring home money and food for the wife and children while the woman stayed at home. Throughout much of China’s history, women were undermined and almost used as slaves. When communism was introduced (in the 1920’s), women and men became more equal, although they are still not completely equivalent in terms of social and economic status. The One-Child-Policy has pushed the number of women down in China, due to Chinese parents only wanting boys (they are thought of as more ‘beneficial’). Men are still the ‘dominant race’, as they are higher in the percentage of the population in China. In Australia, women and men are almost completely equal. Both women and men both work in politics, manual labour, education, law enforcement, etc. with almost equivalent...
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...growww.businessmonitor.com Q4 2010 AUStrALiA food & drink report INCLUDES 5-YEAR FORECASTS TO 2014 iSSn 1749-2580 published by Business Monitor international Ltd. AUSTRALIA FOOD & DRINK REPORT Q4 2010 INCLUDING 5-YEAR INDUSTRY FORECASTS BY BMI Part of BMI’s Industry Report & Forecasts Series Published by: Business Monitor International Copy deadline: July 2010 Business Monitor International Mermaid House, 2 Puddle Dock, London, EC4V 3DS, UK Tel: +44 (0) 20 7248 0468 Fax: +44 (0) 20 7248 0467 Email: subs@businessmonitor.com Web: http://www.businessmonitor.com © 2010 Business Monitor International. All rights reserved. All information contained in this publication is copyrighted in the name of Business Monitor International, and as such no part of this publication may be reproduced, repackaged, redistributed, resold in whole or in any part, or used in any form or by any means graphic, electronic or mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors...
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...ISSUES IN ACCOUNTING EDUCATION Vol. 30, No. 1 2015 pp. 47–69 American Accounting Association DOI: 10.2308/iace-50948 Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation Mahendra R. Gujarathi ABSTRACT: Diamond Foods is America’s largest walnut processor specializing in processing, marketing, and distributing nuts and snack products. This real-world case presents financial reporting issues around the commodities cost shifting strategy used by Diamond’s management to falsify earnings. By delaying the recognition of a portion of the cost of walnuts acquired into later accounting periods, Diamond Foods materially underreported the cost of sales and overstated earnings in fiscal 2010 and 2011. The primary learning goal of the case is to help students understand the anatomy and motivations of earnings manipulation. Specifically, students will have the opportunity to (1) apply the FASB’s Conceptual Framework to a real-world context, (2) determine the nature of errors and compute their numerical effects on financial statements, (3) understand motivations for earnings management and actions needed for managing earnings of future years, (4) explain the anatomy of financial reporting fraud by reconstructing journal entries, (5) prepare comparative financial statements for retroactive restatements, (6) explain the rationale for clawback provisions in compensation contracts, and (7) understand the difference between the real and accrual-based earnings management. Keywords:...
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...Word | Ar.Meaning | Example | Sort | | What sort of music do you like dancing to? | Ride | | I ride my bicycle to work. | Mine | | a coal/salt/gold mine | Exchange | | We had a friendly exchange of views. | Persuade | | Clever salesmanship can persuade you to buy things you don't really want. | Printing Press | | Printing Press : a machine that prints books, newspapers or magazines | Infinite | | an infinite number/variety | Export | | Japan exports a huge quantity of cars around the world. | Occupation | | the Italian occupation of Ethiopia | Sofa | | I sat down on the sofa next to Barbara | Apartment | | I'll give you the keys to my apartment. | Foreign | | The government wanted an inflow of foreign investment. | Miserable | | She's miserable living on her own. | Excitement | | The children were jumping up and down with excitement. | Corner | | Click the icon in the bottom right-hand corner of the screen. | Regularly | | Accidents regularly occur on this bend. | Antique | | My mother collects antiques. | Knife | | I prefer to use a knife and fork . | Fortunately | | Fortunately, we had come prepared. | Tutor | | During my illness I was taught by a series of home tutors. | Perhaps | | I'd guess that she's in her forties - forty-five perhaps. | Examined | | The research examined the effects of alcohol on long-term memory. | Towards | | The country seems to be drifting towards war. | Obviously...
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...Diamond Foods, Inc.: Anatomy and Motivations of Earnings Manipulation Mahendra R. Gujarathi ABSTRACT: Diamond Foods is America’s largest walnut processor specializing in processing, marketing, and distributing nuts and snack products. This real-world case presents financial reporting issues around the commodities cost shifting strategy used by Diamond’s management to falsify earnings. By delaying the recognition of a portion of the cost of walnuts acquired into later accounting periods, Diamond Foods materially underreported the cost of sales and overstated earnings in fiscal 2010 and 2011. The primary learning goal of the case is to help students understand the anatomy and motivations of earnings manipulation. Specifically, students will have the opportunity to (1) apply the FASB’s Conceptual Framework to a real-world context, (2) determine the nature of errors and compute their numerical effects on financial statements, (3) understand motivations for earnings management and actions needed for managing earnings of future years, (4) explain the anatomy of financial reporting fraud by reconstructing journal entries, (5) prepare comparative financial statements for retroactive restatements, (6) explain the rationale for clawback provisions in compensation contracts, and (7) understand the difference between the real and accrual-based earnings management. Keywords: earnings management; financial statement fraud; restatements; error correction; clawback provision; Conceptual Framework...
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