Saturday, February 22, 2020

Comparing two companies - "New look" and "Next" Coursework

Comparing two companies - "New look" and "Next" - Coursework Example After analyzing the management styles of the two companies, how they communicate in the company and the organizational structure that is followed by the company it seems as a conclusion top the report than NEXT is a better investment option as compared to NEW LOOK. The garment industry is one of the oldest industries in the world. The industry has been the main foreign exchange earner for many countries in Asia. However there are several challenges and management issues that this organization is facing recently. Some of the management issues being faced by the organization are advanced technology, Product life cycle, competition, consumer behaviour etc. The recent figures that tell the story of world economy tell that condition of the world economy is not so good. Among different industries the garment industry is also a victim of the poor performance of the global economy. The rising levels of unemployment in Europe and USA has forced the consumers in being selective regarding what are the things that they purchase. As the consumers in these countries have become choosy regarding what they purchase, this has adversely affected the countries like Bangladesh and Pakistan for whom the garment industry was one of the most important opportunities to earn foreign exchange. In the late 2008 and early 2009 the retailers of garment in the Europe and USA reported margin losses of as high as 30% in some cases. The consumers have changed the purchasing habits; have postponed purchases in some cases, and in some other cases have driven hard bargains. This in turn has led the producers of the garments, the garment retailers increasingly become more and more competitive. This means the industries need to increase their efficiency in order to keep up their profitability and compete successfully in this market place. Another important management

Thursday, February 6, 2020

Check fax Essay Example | Topics and Well Written Essays - 1250 words

Check fax - Essay Example the commodities produced are alike and because of this cause there is Promotion, marketing or publicity. Though it is not possible for a firm to be perfect model of perfect competition but there are some that are nearer for example; Stock Market, as there are lots of purchasers and vendors, no obstructions to entry and the good is not differentiated. (Mahanty, p. 264) There is absolute sovereignty of admission of new firms into the Market. Firms already operating in the market are not capable to prevent new firms enter the business. Starting a business takes time, therefore freedom of entry concerns in the long run. An extension of this assumption is that there is complete factor mobility in the long run. If earnings are elevated than somewhere else, resources will be liberally attracted into that business. Similarly if wages are elevated than for comparable labor somewhere else, employees will liberally shift into that business and will face no hurdles. (Schnaars, p. 31) If the firm’s average cost (AC) curve (which incorporates normal profit) hangs beneath the firm’s average revenue (AR) curve, the firm will make abnormal profit. Abnormal profit for each unit at Q1 is the vertical gap amid AR and AC at Q1. Entire abnormal profit is shown by the rectangle P1ABC in Figure 1.1. There is also a situation when the firm cannot earn a profit at any level of production. This condition would arise if the firms AC curve were on top of the AR curve at each and every point. This is shown in figure 1.2, where the industry price is P2.In this situation, the position where MC curve intersects MR curve signifies the loss minimizing position .The total of loss is represented by the rectangle P2FED. (Parkin, p. 240) Pricing with no market control (perfect competition) is resolute in the industry (Market) by the meeting point of supply and demand. At this price the firm countenances a flat