...D’s Bakery Company Case Study A. Systems Documentation 1. Product/Service Design D’s bakery is a small establishment that sells few variations of breads. D’s bakery offers breads which are mostly known to the Ilonggo like the teren-teren, pan de coco, famous hot pandesal, and more. According to one of the sales ladies, they make and sell more or less 10 kinds of bread every day. The breads from D’s bakery are being sold at a cheap price. The price of their bread starts at Php 2. The breads are made with ingredients that can be easily found in the market. Although the owner won’t give the detailed list of ingredients, they say that everything included in the bread are just like any ordinary bread like wheat flour, yeast, and something they put on filled breads. 2. Capacity Plan Capacity needs include equipment, space, and employee skills. For the production of bread, since they are just a small bakery, they only have 2 bakers working with two (2) large ovens for the production of breads. It is located at their baking house at LaPaz, Iloilo City. At their bakeshop, they have assigned two salesladies to manage and sell the breads. They also have two person in-charge in checking the breads before they are put to the crates and delivered to the bakery. D’s bakery has the capacity to produce 75-100 pieces for each type of bread they have everyday. But with their pandesal, they produce 200-300 pieces a day. The number breads being produced is based on the...
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...Entrepreneurship of the Micro, Small and Medium Enterprises Prof. Dr. Prabhakar Y. Harkal Prof. Gajanan D. Chaudhari Associate Professor and Research guide Research student Dnyanopasak College, Parbhani. S.R.T.M.University, Nanded. Mobile No. 09403065455 Mobile No. 09765759262 Email- prabhakarharkal@gmail.com Email- gdchaudhari@gmail.com Abstract: Entrepreneurs play a key role in the economic development of a country. Economic development of a country...
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...Conducting Event Studies on a Small Stock (Bartholdy , Olson and Peare (2007)) Research Question In the study, the authors want to examine the efficiency of event studies when this methodology is applied to thinly traded stocks. The event studies are usually conducted to see whether abnormal price changes can be detected. The contribution of the authors are in thin traded stocks context. Assumptions: In the study, for application of one methodology author assumed that the returns are normally distributed and there is no cross-sectional dependence between stock returns. The simulation study for event days are implemented by assuming uniform distribution. Methodology and Data The methodology involves the use of CAPM model to estimate the returns of stocks. The stock portfolio is composed of 10, 25 and 50 stocks. Because of thin trade stock motivation the trade to trade adjustment was made. The estimation is based on 250 trading days total and 247 of this period corresponds to parameter estimation and the rest, t-1, t, t+1 is used for event study. The parameter estimations were based on OLS with heteroskedasticity correction. The abnormality is detected by analyzing difference between market return and expected return from CAPM model. Returns for event days are the subjects of test statistics. The examined statistics were based on t-test with cross sectional independence, t-test with standardized abnormal return and t-test with adjusted standardized abnormal return. These...
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...is important, the pains the people have, and the gains they are trying to get. In small retail Food there are several problems. The main cause is an explosive growth of major chains which increase their power of decision over Marks (farmers, processors, manufacturers or wholesalers) and destroy local stores throught taking advantages of economies of scale and their magement of sales promotions based in strong discounts. One of the problems is that between 20 and 25% of sales in big chains stores is made with promotions, but in 6 out of 10 promotions the brands are the ones wihch resigned their profit margin. And this effort did not reach the consumer because the...
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...Healthful Small Business and Health Insurance Eugenia H. Snead Southern New Hampshire University A common issue facing midsize to small employers today is health insurance coverage. John and his wife, Liza are small business owners of a boat repair business, who are quite busy since the recession with the upkeep and repairing of older boats in the area. Business is so good Liza hired a young woman to assist her with paperwork. John and Liza are wondering if they can afford to hire an additional mechanic (Robert), who happens to be the best applicant for the open boat mechanic job. (Spencer, C.S. 2014) The purpose of this paper is to analyze the options for John and Liza from all angles. There are many issues in this case such as legal implications, ethical, and addressing it from a pure business standpoint. To illustrate the choices that John and Liza have let’s consider a hypothetical scenario that John and Liza employs 6 employees full time and Robert would be the 7th. Currently the company offers health care benefits paying 100% of premiums at an average cost of $5,000 per employee. OPTION 1 The company could continue to absorb the costs of the health insurance premium and do nothing. * At an estimated cost of $7,000 per employee, the company would have to absorb the full $49,000 cost or pass along part of the cost to its employees or customers. OPTION 2 The company could encourage the men to quit smoking and provide incentives for them to quit. ...
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...take care unless that is exactly what they need. What did the SMaL`s management team do right? a) Thanks to the CMOS technologies, the team could offer a capture system that: * Autobrite: technology allowed higher quality pictures in brightly lit conditions * Reduction of power consumption, so smaller batteries These two features clearly were a great differentiation in front of the current capture system in the market in 2002. That is to say, what it seemed to be a disruptive technology. b) This was possible thanks to the high skilled and well connected team that the three founders formed. c) The three market segmentation (picture and video final user, security and automobile) d) Started with a small investment and small team that was going in the right direction e) Use existing resource to obtain a new hit product: innovation What did the SMaL`s management team do...
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...AN ASSESSMENT OF FACTORS INFLUENCING PERFORMANCE OF SMALL SCALE ENTERPRISES IN UGANDA: A CASE STUDY OF KITGUM TOWN COUNCIL BY AYOO ESTER ESO9BO5/028 DISSERTATION SUBMMITTED TO FACULTY OF BUSINESS AND ADMINISTRATION IN PARTIAL FULFILLMENT OF THE AWARD OF A BACHELORS DEGREE IN BUSINESS ADMINISTRATION OF UGANDA CHRISTIAN UNIVERSITY May 2012 DECLARATION I Ayoo Ester do solemnly declare to the best of my knowledge and ability that this Dissertation was prepared by me and never has it been presented to Uganda Christian University or any other institution of higher learning for the award of a degree. Signature………………………….Date………………… AYOO ESTER ESO9BO5/O28 i APPROVAL This research report has been submitted for examination with my approval as the candidate’s supervisor. Sign................................... Mrs Nsiyona Elsie The University supervisor Date.................... ii DEDICATION I dedicate my Research proposal to my beloved Daddy Mr. ORYEMA HENRY MILLY, my Uncle Mr. ONEKALIT KENNTH OBITO, My Mum, my dear friends Brenda, Sharon, Beatrice, Jackie, Dick, Gilbert, Julius, Allan, Moreen, Alex, Odong and also my sisters and brothers for their love and support, who in one way or the other supported me morally, physically, materially and financially in ensuring that my future is a success. May GOD bless...
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...AN EVALUATION OF THE INTERNAL CONTROLS SYSTEM FOR CASH FOR THE CASE OF NAIROBI SMALL BUSINESSES BY CLEOPHAS MUSINGA A Management Research Project Submitted In Partial Fulfillment For The Requirements Of The Award Of Bachelor Of Commerce (BCOM), School Of Business, University Of Nairobi JULY, 2008 DECLARATION This research project is our own original work and has not been submitted for academic purposes in any institution of higher leaning. Name Number Sign CLEOPHAS MUSINGA D33/6646/05 ………………………….. This research project has been submitted for examination with my approval as the university supervisor Signed……………………………. Date…………………………………………. Mr. Abdulatif Essajee Lecturer University of Nairobi TABLE OF CONTENTS DECLARATION i CHAPTER ONE 1 INTRODUCTION 1 1.1 Background of the study 1 1.2 Statement of the problem 5 1.3 Objectives of the study 6 1.4 Research questions 6 1.5 Scope of the study 6 1.6 Justification of the study 7 CHAPTER TWO 9 LITERARURE REVIEW 9 2.1 Evolution of internal controls 9 2.2 Components of Internal Controls 12 2.4 Relationship between a firm’s age and internal control 18 2.6 Internal controls in small businesses 19 CHAPTER THREE 21 RESEARCH METHODOLOGY 21 3.1 Research design 21 3.2 Population 21 3.3 Sample and Sampling Technique 21 3.4 Data collection methods 22 3.5 Data analysis 22 CHAPTER FOUR 23 DATA ANALYSIS AND FINDINGS 23 4.1 Introduction...
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...efficiency enhancements that result, claiming that “in a free market, large suppliers of nearly everything will drive most small suppliers out of business.” Wal-Mart watch, one of the largest Anti-Wal-Mart organizations, features an academic article claiming that in Iowa, Wal-Mart’s expansion has been responsible for widespread closings of ‘mom and pop’ stores, including 555 grocery stores, 298 hardware stores, 293 building suppliers,161 variety shops, 158 women’s stores, and 116 pharmacies. Perhaps because of its size and success, unlike most other firms, Wal-Mart’s ability to open new stores is decided within the political process. State and local economic development authorities, and state courts, in most cases make the final decisions on whether to allow the entry of a specific new Wal-Mart store. These decisions are often influenced by arguments about the harm done to small businesses. For example, in her comments to a local reporter surrounding the city commission’s vote on allowing a new Wal-Mart store, Aberdeen, South Dakota city commissioner Pat Klabo stated “If this were a moral decision, we would have voted right away in favor of the ‘mom and pop’ stores.” Even President Clinton's former Secretary of Labor, Robert B. Reich, writes in the New York Times that Wal-Mart will turn “main streets into ghost towns by sucking business away from small retailers. These previous estimates of the negative impact of Wal-Mart on other businesses, such as the numbers cited...
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...substitution to small scale industries with immense potentials for developing domestic linkages for rapid, sustainable industrial development. Apart from their potential for ensuring a self reliant industrialization, in terms of ability to rely largely on local raw materials, small scale enterprises are also in a better position to boost employ raw materials, small and medium enterprise, are also in a better position to boost employment, guarantee a more even distribution of industrial development in the country, including the rural areas, and facilitate the growth of non-oil exports. In Nigeria, the definition of small and medium enterprises also varies from time to time and according to institutions, for instance, the Central Bank of Nigeria’s (CBN) monetary policy circular No:27 of 1988 define small scale enterprises (excluding general commerce) as enterprises in which total investment (including land and working capital) did not exceed #500,000 and or the annual turn-over did not exceed #5.0 million. Medium enterprise (excluding general commerce) as enterprises in which total investment and not exceed #1,000,0000 (1 million) and the annual turnover did not exceed #1.2 million. Small scale enterprises is one of the modern strategies underdeveloped countries are employing to break into the “league” of developed countries. Fasua (2006:85) categorized business that fall under small scale as follows firewood supply, plantain production, restaurant services, small scale poultry raising...
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...CHAPTER ONE INTRODUCTION 1.1 THE PROBLEM AND ITS SETTING Every industry operates within two sets of constraints. Internal constraints are those problems within the organization and over which the enterprise has reasonable amount of control. Personnel problem, capacity utilization and the techniques or process of production are some of such factors. External factors could pose formidable problems to an enterprise. The problems are made more severe by the fact that these problems are caused by factors outside the competence of a given enterprise to control. Examples of such factors are government regulation, traditional or cultural values etc. The bakery industry in Nigeria has been a victim of externally imposed constraint. Hitherto, bakers depended on local millers who produced their vital raw materials, flour from imported wheat. Government banned the importation of wheat and wheat product in 1986, thereby, sending shock waves to this very well established and expanding industry. Wheat products has started to consume an unacceptable amount of the nation’s foreign exchange as the table 1.1.1 below clearly demonstrates, as well as figure 1.1.1 in page 3. Table 1.1.1 Foreign Exchange Spent on Wheat and Food Import 1981 – 1985 Import 1981 1982 1983 1984 1985 N,000 N,000 N,000 N,000 N,000 Total food 1,820,215 1,642,245 1,296,714 843,246 946,567 Wheat 159,422 79,629 255,717 243,067 327,870 C/o of total 9% 5% 20% 29% 35%` Source: Federal Office of Statistics...
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...CHAPTER ONE INTRODUCTION 1.1 THE PROBLEM AND ITS SETTING Every industry operates within two sets of constraints. Internal constraints are those problems within the organization and over which the enterprise has reasonable amount of control. Personnel problem, capacity utilization and the techniques or process of production are some of such factors. External factors could pose formidable problems to an enterprise. The problems are made more severe by the fact that these problems are caused by factors outside the competence of a given enterprise to control. Examples of such factors are government regulation, traditional or cultural values etc. The bakery industry in Nigeria has been a victim of externally imposed constraint. Hitherto, bakers depended on local millers who produced their vital raw materials, flour from imported wheat. Government banned the importation of wheat and wheat product in 1986, thereby, sending shock waves to this very well established and expanding industry. Wheat products has started to consume an unacceptable amount of the nation’s foreign exchange as the table 1.1.1 below clearly demonstrates, as well as figure 1.1.1 in page 3. Table 1.1.1 Foreign Exchange Spent on Wheat and Food Import 1981 – 1985 Import 1981 1982 1983 1984 1985 N,000 N,000 N,000 N,000 N,000 Total food 1,820,215 1,642,245 1,296,714 843,246 946,567 Wheat 159,422 79,629 255,717 243,067 327,870 C/o of total 9% 5% 20% 29% 35%` Source: Federal Office of Statistics...
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...CHAPTER ONE INTRODUCTION 1.1 THE PROBLEM AND ITS SETTING Every industry operates within two sets of constraints. Internal constraints are those problems within the organization and over which the enterprise has reasonable amount of control. Personnel problem, capacity utilization and the techniques or process of production are some of such factors. External factors could pose formidable problems to an enterprise. The problems are made more severe by the fact that these problems are caused by factors outside the competence of a given enterprise to control. Examples of such factors are government regulation, traditional or cultural values etc. The bakery industry in Nigeria has been a victim of externally imposed constraint. Hitherto, bakers depended on local millers who produced their vital raw materials, flour from imported wheat. Government banned the importation of wheat and wheat product in 1986, thereby, sending shock waves to this very well established and expanding industry. Wheat products has started to consume an unacceptable amount of the nation’s foreign exchange as the table 1.1.1 below clearly demonstrates, as well as figure 1.1.1 in page 3. Table 1.1.1 Foreign Exchange Spent on Wheat and Food Import 1981 – 1985 Import 1981 1982 1983 1984 1985 N,000 N,000 N,000 N,000 N,000 Total food 1,820,215 1,642,245 1,296,714 843,246 946,567 Wheat 159,422 79,629 255,717 243,067 327,870 C/o of total 9% 5% 20% 29% 35%` Source: Federal Office of...
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... iv LIST OF FIGURES v Chapter 1: THE PROBLEM AND A REVIEW OF RELATED LITERATURE Introduction Review of Related Literature Conceptual Framework Scope and Delimitation Significant of the Study Definition of terms Chapter 2: METHOD Research Design Research Local Respondents of the Study Data Gathering Procedures Instrument and Tools Used Statistical Treatment of Data LIST OF TABLES Table No. Description Page No. LIST OF FIGURES Figure No. Description Page No. Chapter 1 THE PROBLEM AND A REVIEW OF RELATED LITERATURE Conceptual Framework The conceptual framework discussed the flow of the study to be taken. The concept of the study is to prepare a small business in Potrero Malabon City. INPUT PROCESS OUTPUT Figure 1. Conceptual Diagram of Proposed System Statement of the Problem This research entitled “Place Marketing Mix Strategies for Selected Local Brand Cupcake Product: Effectiveness Barangay Potrero Malabon City” aims to build a business which determines to know where in Barangay Potrero Malabon City. Furthermore this business take attract residence to buy a cupcake. Specifically, this study wants to answer the following question: 1. From which place in Potrero Malabon city would you choose to sell this product? a. Near school b. Near church c. At the market 2. Who will be your target costumer? a. Students/Children b....
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...BI-WEEKLY ASSESSMENT Question 2: "The study of international business is fine if you are going to work in a large multinational enterprise, but it has no relevance for individuals who are going to work in small firms." Evaluate this statement. Introduction With the evolution of society, the phenomenon of globalization has gradually emerged in the field of economy, environment and culture. As a part of economy globalization, close economic connection between countries is bridged by means of international business. In terms of the study of international business, some people assess that it is solely positive for those who intend to work in a large multinational corporation instead of in small company whereas others insist that both international business plays a crucial role in the development of large-scale and small-scale enterprises. Therefore, this essay will argue that international business brings about benefits to individuals whoever are engaged in the big firm as well small one. Development In some circumstances, the size of the company has turned to be one of the obstacles when international business is expected to establish. According to Aaby and Slater (cited in Abdul-Talib et al. 2011, p. 6), small enterprises are more likely to lose international collaboration opportunities than large firms as there are insufficient resources and capabilities to develop export internationally in small-scale company. Similarly, it is shown that the organization would prefer to...
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