Guillermo Furniture Store Concepts Paper FIN 571 Guillermo Furniture Store Concepts Paper Sonora, Mexico was the ideal location for Guillermo’s Furniture Store. An abundant supply of cheap timber and relatively cheap labor costs, Guillermo’s had been producing high quality products, mainly chairs and tables, selling at premium prices. Guillermo’s exclusivity came to an end; competition from overseas using high-tech manufacturing equipment eroded his business market share through lower prices
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Guillermo Furniture Store Concepts Roberta Myrick FIN/571 November 1, 2010 Jason Bruno Guillermo Furniture Store Concepts Principles and concepts are used in many ways in the financial community. When dealing with the assets and liabilities that can be found in a business, a company will use the principles and concepts that occur at the time (Emery, Finnerty, & Stowe, 2007, pp. 32-33). The concepts a business uses are as follows: “The Risk/Return Tradeoff,” “Diversification,” “Dollar
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Guillermo Recommendation In every business’ life there are times where the market adjusts and the business must change to meet that adjustment. As technology advances, populations change, and the economy continually shifts, every business owner must know how to use accounting principles to analyze alternative options and work toward a better future of the company given market demands. Such a shift happened for Guillermo and analysis became necessary to decide on the best course of action. Using
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Guillermo Furniture Store Concepts Introduction Guillermo’s Furniture Manufacturing facility has been located in Sonora, Mexico successfully until the late 1990’s. Guillermo Navallez noticed a decline in profit and found that he would need to make changes to his manufacturing establishment in order to financially stay in business. Navallez used concepts from staying in the competitive economic environment and using accounting and research to establish some potential changes in Guillermo’s future
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The Guillermo Furniture Store has been struggling to remain profitable. Guillermo Navallez needs to make some changes to turn things around. One of his options is to go through a merger or acquisition but Navallez does not prefer this option. An alternative option is for the company to invest in a high-tech solution which will greatly reduce production costs (University of Phoenix, 2011). Lastly, Navallez has the option of becoming a representative for another furniture manufacturer and moving his
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Guillermo Furniture Store Student Name Accounting/561 January 17, 2011 Professor Name Guillermo Furniture Store Guillermo has built a successful empire in the furniture business in the beautiful city of Sonora, Mexico. The reason behind his success is due to a large supply of timber that is available to him for producing a variety of tables and chairs. Furthermore, the labor costs for producing his furniture is relatively inexpensive, therefore, he is able to offer high quality
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Guillermo Furniture Store Recommendation Paper University of Phoenix Corporate Finance FIN/571 August 17, 2012 Guillermo Furniture Store Recommendation Paper Guillermo Navallez lives in Sonoara, Mexico, which is a good location for his furniture making business because of the area’s good supply of timber and inexpensive labor. Guillermo’s handcrafted products are priced at a slight premium for the quality that the products represent. During the 1990s, two different events caused a large
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Guillermo Furniture Scenario ACC/543 June 4, 2012 Professor Introduction The Guillermo Furniture Store has been run by Guillermo Navallez for years. From his home town of Sonora, Mexico he has made handcrafted premium products. Recently, a dent has been put into his business. There have been new competitors to his market with high-tech approaches allowing them to price furniture at rock bottom prices. Second, with all the advances to the surrounding
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Abstract Guillermo’s Furniture Manufacturing Company is in Sonora, Mexico in a gorgeous vacation spot. Guillermo’s is the largest furniture store in the area and made furniture for years, until the late 1990s that a new competitors joined the furniture business that has put a dent into Guillermo’s business. Competitors have new technology when to allow them to come in with lower prices and lure customers but Guillermo has to decide on the best options for the company either upgrade
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Guillermo Furniture Store Financial Analysis Guillermo needs to implement a new business strategy to remain competitive in business and with foreign manufacturers. Guillermo furniture business is viable because it meets the criteria of a successful business; new competition and diversification of his business after the competition entered the market. This paper will analyze three possible alternatives for Guillermo to remain competitive in business, implement a sensitive analysis to evaluate possible
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