Company And Preliminary Accounting Analysis - 1854 Words

Industry, Company and preliminary Accounting Analysis Industry Analysis To start the analysis of the industry, firstly the identification of which industry Blackmores is should be made. Since Blackmores is the company which identified as the natural health company, so the industry that Blackmores involved is the health care sector. Based on the Global Industry Classification Standard (GICS), the health care sector could be broken into two broad industries: one is health care equipment and services and the other is pharmaceuticals, biotechnology and life science. And Blackmores would be classified as the pharmaceuticals, biotechnology and life science industry which is called biotech pharma industry. In the biotech pharma industry, companies usually product three types of products: prescription therapeutics and prophylactics (medicine that treat or cure medical conditions or diseases and vaccines that prevent diseases), diagnostics (devices and tests used to diagnose disease), and over-the-counter consumer products, such as drugs and vitamins. Moreover, some experts also conduct medical technology (medtech) manufacturing under the pharma/biotech industry with sufficient facilities and advanced equipment. As the biotech pharma industry is a tech-dominated industry, it focus on innovation and research on products but also includes the manufacture and supply. So there are many players involve in this industry. The players could be classified as three main parts:Show MoreRelatedCompany And Preliminary Accounting Analysis946 Words   |  4 PagesIndustry, Company and preliminary Accounting Analysis Industry Analysis To start the analysis of the industry, firstly the identification of which industry Blackmores is should be made. Since Blackmores is the company which identified as the natural health company, so the industry that Blackmores involved is the health care sector. Based on the Global Industry Classification Standard (GICS), the health care sector could be broken into two broad industries: one is health care equipment and servicesRead MoreModern Tastings Inc.1147 Words   |  5 Pages1. 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Video Games are our Downfall Essay - 1404 Words

Video Games are our Downfall People say so much is wrong with our generation, but no one knows what causes all the problems; they do not know whether or not it is a national, government related or just the family-oriented problems. Whether it is lack of discipline or bad parenting, it may be both of those things. But, it just can not be the problem it has to be a cluster of problems. The biggest problem in the cluster is video games. They offer a great escape from reality and are very entertaining, but the world would be much better off without them. Video games are not just put on the shelf and instantly become a huge hit. Im positive it doesnt happen that way. There has got to be influence on the person in order for them to pursue or†¦show more content†¦Its also having a very negative affect it portrays violence, sex, drugs, alcohol in the media has been known to adversely affect the behaviors of children and adolescents.† (Earls, Alexander, Johnson, Liverpool,and McGhee). When the media puts this out on the line, it makes kids think this behavior is normal and and or acceptable and it is by far and away not by any means. An influence not many people would think of are our friends they are with us through the good times and the bad, It is no wonder that some their opinions would rub off on us. Friends are the second biggest influence in our lives besides family and they are essential for life. Friends have many influences, Friendfluence is the powerful and often unappreciated roll a friends- past and present -play in determining our sense of self and the direction of our lives(Whitbourne). They introduce new foods to us as well as activities, life skills, and many other things. But that is just it, they introduce you to new things,which means they open doors for you to be influenced by many things that you dont usually get Influenced by some are great and others bad. Friends are not bad they are actually good and very important early friendships played a vital role because they occur a walk he developmental changes are taking place ne). Childhood friends only introduce you to the new house that benefi cial for the child? It cant because thats the only thing theShow MoreRelatedAn Interview with a Video Gamer Essay558 Words   |  3 PagesIn this meeting, Andrew Wong happily proclaims his love for video games. At 23 in the military, with his own house and eccentric personality, he plays every weekend. He’s even into comic books and all the latest hit TV shows—he enjoys the witty humor and is enticed by the creativity. â€Å"Nevertheless,† he says, â€Å"my best memories lie with video games.† As his fellow co-workers claim, he’s the ultimate nerd. Wong is conscious of those stereotypes. 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Beauty and Cosmetics Product Management

Question: Discuss about the Report of Beauty and Cosmetics Product Management. Answer: Slide no. 2: LOreal deals with lines of beauty and cosmetics products such as hair care, coloring, skin care, make-up and perfume. LOreal offers both men and women products all over the world with an array of prestigious and the renowned international brands that shows a unique heritage. Slide no. 3: LOreal deal with makeup and cosmetics products The products are made of natural and chemical substances The products have a limited validity and they are perishable after a span of time It is for the same reason that the products are needed to be transported at the earliest Slide no. 4: LOreal has been facing challenges in meeting the demand of the dynamic customers choice Delivering products to the customers in the shortest possible time has become challenging at some point Several areas such as field warehouse, packaging, outbound shipping can interface with the distribution and logistic operation of LOreal Marketing factors might also impact the logistic of the Company Slide no. 5: Incoterms or the International Commercial Terms are certain industrial terms issued by International Chamber of Commerce or ICC. The rules are used for basic transactions in business and other distribution processes (Stapleton et al, 2014). The rules are used for commercial transactions and other distribution procurement processes (Stapleton et al, 2014). The documents of shipping confirm that the goods have been shipped with the designated shipper. The shortest and the most effective distribution channel will fetch better success to the Company. Slide no. 6: Different types of incoterms Ex Works where sellers makes the goods to be collected by the suppliers Carriage paid to where the seller paid to transport the goods Carriage and insurance paid where it is the duty of the seller to reach the product to the destination Delivered at terminal where buyer is responsible for carrying the goods Free alongside Ship where the sellers might collect the goods from Cost and Freight where seller must pay the cost for bringing the goods Slide no. 7: Rules of Cost and Freight are restricted to transport goods by sea or inland water Seller might have direct access to the vessels for loading goods Seller is not responsible for insuring the goods The seller arranges and pays for transport for loading goods into the vessel Risk transfers from seller to buyers when the vessel reaches the port For LOreal, CFR incoterm shall be the most effective incoterm and distribution strategy as it will benefit them to transport their goods to international boundaries The company would not be responsible for any risk related to the condition of the products Slide no. 8: Recent distribution plan of LOreal showed partnership with CFAO as a part of the companys strategic plan. A world-class partnership has been witnessed when LOreal teamed with CFAO. Slide no. 9: It is recommended that LOreal would select Cost and Freight incoterms as a distribution strategy The Company would be responsible for bringing the cost to the specified port The buyer will be responsible for any kind of risk of loading and unloading This would help the Company to stay balanced in their business There will be less chance of any kind of loss in the transportation process Slide no. 10: The seller is responsible for paying costs and freight necessary to bring the goods to the destination port The buyer is given sufficient notice that the goods are transported and the buyer becomes enable to receive the goods A proof of delivering the products is provided to the buyer The buyer is subjected to pay right at the point of receiving goods unless agreed upon other conditions Slide no. 11 Top competitors of LOreal are Procter Gamble Company, The ESTEE Lauder Companies Inc and Unilever. Therefore, it is important to understand their distribution strategies Bargaining with freight provider is expected that would help the Company to compare different shipping costs offered by different shipping companies. The shortest and the most effective distribution channel will fetch better success to the Company. It is also recommended that the Company will keep communicating with suppliers and distributers. Without proper communication, formulating an effective strategy is not possible. Developing a common boundary between the logistic and production of product might prove to be effective and beneficiary to the Company. Slide no. 12: It has to be kept in mind that a buyer always wanted to remain competitive and always look for ways to save costs. Thus, saving costs in the distribution channels is the primary requisite.