Two commercial products that donate to nonprofit organizations are Netflix and Amazon.
What are nonprofit organizations?Nonprofit organizations or non-profit organizations, also known as non-business entities, not-for-profit organizations, or nonprofit institutions, is a legal entities organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties.
An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs etc.
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Please answer the question.
Based on the charts, the federal tax income withholding for these employees is $82, $85, $50, and $72.
How do you know the federal tax income withhold for an employee?The federal tax income withhold varies depending on two main factors:
Your status (married vs single)Your week incomeBased on this, government agencies create reference tables for single and married people that show them the amount of money for tax depending on their income. You can identify this by looking at the tables and finding out the range of your weekly income.
Note: Below I attach the missing information:
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Hey,
I am looking for scientific texts on the topic of knowledge management systems.
I am particularly interested in the related question:
Is it better for a company to use one common system or several? Have any of you read something like this somewhere?
1) Note that it is better for a company to use one common knowledge management system.
2) Yes, there are several related texts on Knowledge management. Some of them are:
Knowledge management software is a subset of corporate content management software, which includes a variety of software that specializes in the collection, storage, and/or access of knowledge.
Enterprise-wide knowledge management systems, knowledge work systems, and intelligent approaches are the three primary types of knowledge management systems.
Before determining whether to deploy a centralized or decentralized system, it is generally suggested to perform a thorough assessment of the organization's objectives and goals. Consider the amount and complexity of the knowledge to be handled, the level of cooperation necessary, and the requirement for accessibility and security.
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Gant Limited reported a $15,000 increase in inventory and a $5,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $150,000. The cash payments made to suppliers were
Answer: $160,000
Explanation: CASH PAYMENT MADE TO SUPPLIER is the amount paid to the supplier for the goods received or purchases.
purchases = Cost of goods sold + increase in inventory.
= 150,000+15,000
= 165,000
but here is also increase in the payable account which means some goods are purchased on credit,
so, cash payment made = total purchases - increase in payable
= 165,000-5,000
= 160,000
What is Marie Langhout's role at WhitePages.com?
Marie Langhout's role at WhitePages.com as responsible corporate site of the marketing concept.
Who is Marie Langhout's?Marie Langhout's was leader of the global marketing concept. She was the most intelligent and the courage personality. She was Head of Global Marketing at eBay.
Marie Langhout's role at WhitePages.com corporate site as well as our products. She was the easily handel the online (social media) and offline (traditional) tactics. During her 7 years there as lead to the global marketing.
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You are starting a brand new job with an annual salary of $70,000. One third (33%) will
go toward taxes (state, local, federal, and Social Security). Following the 90-10 rule,
what is the most you should budget for monthly living expenses? (Round your answer
to 2 decimal places.)
Monthly living expenses
Explanation:
$70,000-(33%}
90-10 rule
70000 × 33÷100=700×33.
=23100
Note: I am not really sure
The starting a brand-new job with an annual salary of $70,000. One third (33%) will go toward taxes (state, local, federal, and Social Security). 23100, is the most you should budget for monthly living expenses.
What is budget?
The term budget refers to the plan and structure of the money spent. The budget is pre-planning for the money spent. The budget is help for which particular sectors are low and high spent. The country budget was plan by the government to how much spent on different sectors. The family are also making the budget for every month.
Determine the given the amount are:
annual salary of $70,000
One third (33%)
The find the budget for monthly living expenses are:
$70,000-(33%}
70000 × 33÷100
700×33 = 23100
As a result, the 23100, is the most you should budget for monthly living expenses.
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describe how Charles and Ebony’s income and expenses changed from the previous year. You should explain which expenditures changed, which expenditures remained the same, and why.
Answer:
Charles and Ebony’s income stayed pretty much the same for the previous year, with about a 5% increase year on year. The majority of their expenses stayed the same as well- rent, utilities, car payments, and insurance all stayed relatively the same. Other accounts such as groceries and entertainment stayed mostly the same as well.
However, there were some notable changes that impacted their expenses from the previous year. Firstly, their medical costs increased as Ebony needed to go to her doctor more often than usual due to a new health issue. They also saw an increase in their travel expenses as they went on a much needed family vacation. Lastly, their charitable donations increased as they donated more to local causes.
In the end, Charles and Ebony’s total expenses remained relatively the same compared to the previous year, with a few notable changes, as certain costs increased while other costs remained the same.
Charles and Ebony’s income stayed pretty much the same for the previous year, with about a 5% increase year on year.
What is the meaning of Income?The amount of money, property, and other transfers of the value obtained over a predetermined period in return for services or goods are often referred to as "income." Income is defined by the context in which the word is employed; there is no single, universal definition.
As both terms refer to positive cash flow, income is frequently mistaken for revenue; nevertheless, in a financial context, the term nearly usually refers to the bottom line or net income.
Investment earnings must be recorded. His primary source of income is farming. We are having trouble paying our bills, even with two paychecks. As a consultant, he makes a respectable living.
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The Digby's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.
Select : 1
Save Answer
$300,000
$3,270,000
$250,000
$2,725,000
Answer:
Explanation:
Answer: $2,725,000
What are the main stages in the risk management process?
Answer:
The main stages in the risk management process are: identification and assessment of risks, risk mitigation and response, monitoring and control, and review and improvement. During the identification and assessment stage, potential risks and threats are identified and evaluated to assess their likelihood and impact. During the mitigation and response stage, strategies are developed to reduce or eliminate the risks. During the monitoring and control stage, the strategies and processes are monitored to ensure they remain effective. Finally, during the review and improvement stage, the risk management process is regularly evaluated and improved to ensure it remains effective.
Explanation:
The risk management process typically involves the following stages:
Risk identification: This is the process of identifying potential risks that may impact an organization. This can be done through brainstorming sessions, interviews, surveys, and reviewing historical data.
Risk assessment: Once potential risks have been identified, they need to be assessed in terms of their likelihood and impact. This helps to prioritize the risks and determine which ones require the most attention.
Risk evaluation: In this stage, the organization evaluates the cost-benefit of different risk management options. The organization will look at the potential cost of implementing a risk management strategy and the potential benefits of that strategy.
Risk control: Once the organization has evaluated the different options, it needs to implement the chosen risk management strategy. This can include implementing controls to reduce the likelihood of a risk occurring or reducing the impact of a risk.
Risk monitoring and review: The final stage of the risk management process is monitoring and reviewing the effectiveness of the chosen strategy. This helps the organization to understand the impact of its risk management efforts, identify any new or emerging risks, and make any necessary adjustments to its risk management strategy.
According to recent data only 36 present of ubers current employees are women how do you think this situation helped perpetuate a flawed corporate culture
The low representation of women within Uber's workforce has likely played a significant role in perpetuating a flawed corporate culture. Research has consistently demonstrated the importance of diversity within organizations, particularly in terms of gender, in fostering a more inclusive and equitable work environment. A lack of diversity, as is evidenced by Uber's current demographic makeup, can lead to a homogenous group dynamic, where certain perspectives and experiences are underrepresented or excluded altogether.
This homogeneity can manifest in several ways, including the reinforcement of unconscious biases, the suppression of dissenting opinions, and the perpetuation of a culture that is not inclusive of different perspectives and experiences. Furthermore, research has shown that companies with higher levels of gender diversity tend to have better financial performance and a more positive reputation in the marketplace.
In the specific case of Uber, the lack of women in leadership positions and in other key roles may have contributed to a culture that was dismissive of the concerns of female employees, particularly in regards to sexual harassment and discrimination. Additionally, the absence of female voices in key decision-making positions may have led to a lack of understanding or consideration of the specific needs and perspectives of female customers and drivers.
Overall, the low representation of women within Uber's workforce is a clear indication of a flawed corporate culture, one that is in need of significant reform in order to promote diversity, equity, and inclusion. This includes implementing measures to increase the number of women in leadership positions and in other key roles, as well as creating a more inclusive and equitable work environment for all employees.
Suppose Ana is currently using combination D, producing one boat_____per day. Her opportunity cost of producing a second boat per day is per day. Now, suppose Ana is currently using combination C, producing two boats______per day
Ana is an economist who presently produces one boat every day utilizing combination D. Her daily opportunity cost of making a second boat is. Let's say Ana is currently generating two boats and three puzzles per day using combination C.
What is the job of an economist?Providing economic advice to organizations, communities, and consumers At its root, economics is the analysis of judgement call, according to Sutton Puglia, a government economist and assistant professor at Southern New Hampshire University.
What kind of education do economists have?At New York University, he received his Master of Arts and Doctor of Philosophy degrees in English literature. A specialist in economic principles examines the connection between a society's resources and its productivity or production.
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When calculating GDP, investment refers to the:
O amount of new capital goods sold in a given year.
O purchase of stocks, bonds, or other financial assets.
.O purchase of new capital goods like equipment and factories.
Answer: When calculating GDP, investment refers to the purchase of new capital goods like equipment and factories.
Explanation: The gross domestic product is the monetary value of all finished products and services produced in a nation over a specified time period. The expenditure approach, often known as the spending approach, estimates the expenditures of the various economic participants. This strategy can be determined using the formula below:
GDP=C+G+I+NX
Where,
C=Consumption, G=Government spending, I=Investment, NX=Net exports
Investment does not include the purchase of stocks and bonds or the trading of financial assets when calculating GDP. It refers to the acquisition of new capital goods, which includes business equipment, new commercial real estate (including buildings, factories, and stores), residential dwelling construction, and inventory.
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Examine and compare one of the following product sets. Base your comparison on such factors as features, costs, convenience, ease of use, and value. GPS versus maps Cell phones versus landlines Online shopping versus “bricks and mortar” shopping Standard gasoline automobile engines versus hybrids Online course versus classroom Satellite television versus cable
The option selected is GPS versus maps. It will be examined based on the factors of:
FeaturesCostsConvenienceEase of useValueWhat is GPS versus maps?The GPS versus maps are:
Features: GPS devices have advanced features such as real-time traffic updates, voice-guided directions, and the ability to search for nearby businesses and points of interest. Maps, on the other hand, provide a static image of a location and do not have these advanced features.
Costs: GPS devices can be more expensive than maps, but they can also be more cost-effective in the long run as they provide real-time information and can save time and money on gas by providing the most efficient route.
Convenience: GPS devices are more convenient as they can provide real-time information and turn-by-turn directions, while maps can only show a static image of a location.
Ease of use: GPS devices are generally considered easier to use as they have a user-friendly interface and provide real-time information. Maps can be more difficult to read and interpret, especially for those who are not familiar with the area.
Value: GPS devices provide a greater value as they offer advanced features and real-time information, making them a more cost-effective and convenient option for navigation. Maps, while still useful, do not offer the same level of convenience and value.
In all, GPS devices are more advanced, convenient, and cost-effective than maps for navigation.
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He had been living in delhi for the past five years. What tense has been used in the sentence?
Answer:
Past perfect tense
Why does the economy produce where short-run aggregate supply (SRAS) and aggregate demand (AD) cross rather than where long-run aggregate supply (LRAS) and AD cross?
Note that the economy produces where short-run aggregate supply (SRAS) and aggregate demand (AD) cross rather than where long-run aggregate supply (LRAS) and AD cross because the SRAS reflects the economy's ability to produce goods and services in the short-term, while taking into account the current utilization of resources and the prices of inputs.
What is the rationale for the above phenomenon?The economy produces where the short-run aggregate supply (SRAS) and aggregate demand (AD) intersect because the SRAS indicates the economy's potential to generate goods and services in the short run while accounting for current resource utilization and input pricing.
Long-run aggregate supply (LRAS), on the other hand, indicates the economy's potential to generate goods and services in the long run, when all inputs, including capital and labor, have adjusted to their optimal levels. As a result, the LRAS curve is often steeper than the SRAS curve. In the short run, the economy will produce where the SRAS and AD intersect, as this indicates the number of products and services that can be produced given existing restrictions and input costs.
Note that Long-term, the economy will ultimately shift to the point where the LRAS and AD meet because all inputs will have had time to adapt to their optimal levels and prices.
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Which of the following eras began when the Great Depression hit?
O the simple trade era
O the sales era
O the marketing department era
O the production era
Explanation:
Simple Trade Era (Pre-Industrial Revolution): The simple trade era was a time when everything was hand created and only available in a limited supply. It was also a time when basic commodities ruled. Households would produce what they consumed.
Mass Production Era (1860s-1920s): The production era began during the Industrial Revolution. Products were produced in mass and at a low cost. Typically businesses only produced one product at a time. Also during this era, businesses had the mindset of, “if produced, someone will buy” and thus increase profitability. Due to the current market, businesses could sell anything they produced.
Sales Era (1920s-1940s): As the market continued to become more saturated and intensify, competition increased among businesses. This created a need for marketing and sales techniques. Companies hoped through persuasion techniques that they could convince customers to purchase their products. However, companies were concerned with selling products simply to get rid of them for a profit, not because it would fulfill the needs of their customers. Everything in the sales era was about the price, not the quality of the products or the customer needs.
Marketing Department Era (1940s-1960s): The marketing department was defined during this era. We see advertising, sales, promotions, and anything marketing related all grouped into one department.
Marketing Company Era (1960s-1990s): This is an era when the marketing department takes control. We see the marketing department help guide a company’s direction. All employees are also involved in marketing, making it important for the success of the company.
In addition, there is a shift from mass production to the need to satisfy customers. The customers become king and are now the main focus. Businesses survive because they are here to fulfill the needs of customers. Distribution channels and pricing strategy are also defined during the marketing company era.
Relationship Marketing Era (1990s-2010): During the relationship marketing era, the focus is not only on creating relationships with customers but also long-term relationships. The ultimate goal for businesses is to create customer loyalty. Businesses want to create products that will ensure their customers come back every time.
Social/Mobile Marketing Era (2010-Present): Businesses focus on being social and connecting with clients in real-time. Due to technology, businesses and customers can communicate 24/7. The customer is in the driving seat now, not businesses.
I am better at my job than most of the other people who have the same job title agree or disagree
Disagreed. You cannot say that you are better at your job than others who have the same job title.
How to answer questionnaire questions?While providing the answer to a questionnaire, it is very important that a person would try to be as truthful as possible.
The reason they have to be truthful is so that they would be able to give the best answer that would be useful for the research.
In a question like this, I used disagreed because it is not possible that you have met all of the persons that have the same job description as you do.
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complete each of the following pairs: 1. columns and 2. debit and 3. net income and 4. assets and 5. accounts payable and 6. owner capital and 7. check stub
Columns and rows, debit and credit, net income and cash flow, assets and liabilities, accounts payable and rent expense, owner capital and rental capital, check stub and pay stub, and check and pay stub are the next pairs.
How do debits and credits work?In order for a company's accounts to balance, debits and credits must be employed in the bookkeeping process. Credits raise liability, revenue, or equity accounts while decreasing asset or expenditure accounts. Credits operate in reverse.
A debit balance is what?The net debit or credit amount somewhere at conclusion of any financial period is referred to simply as the accounts balance. The account does indeed have a debit if the total of the debit side is greater than the entire amount of the credit side.
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Mira hired emily to help her inside the store.emily's salary is 500/day .emily s wages were paid on December 30 2014 for work rendered until December 29 .Her pay for December 30 and 31 will be included in her January wages
Answer:
Explanation:
It is unclear what specific information is being requested. However, based on the given information, we can infer the following:
Emily was hired by Mira to work inside the store
Emily's salary is 500/day
Emily's wages for December 29 were paid on December 30, 2014
Emily's pay for December 30 and 31 will be included in her January wages.
It's important to note that the information provided does not specify the total amount of days worked by Emily, so it's impossible to calculate her total salary for the month of December.
Reading this textbook will require time and effort but doing so will help you improve your grade in this course. This statement is related to the
Reading this textbook will require time and effort but doing so will help you improve your grade in this course. This statement is related to the "cost benefit principle"
What is the cost-benefit principle?A cost-benefit analysis can be applied in any field. The cost-benefit concept is a method for deciding how to spend money or use resources.
It is a matter of evaluating the expenses (how much something will cost) against the advantages (what good things will happen if we do it). Sometimes the expenses outweigh the advantages, while other times the benefits outweigh the costs. If the advantages outweigh the costs, it's a smart idea to go forward with it. If the expenses outweigh the advantages, it's usually not a smart idea.
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1. Is technology by itself enough to ensure high-quality customer service?
Answer:
Explanation:
when Ellery says, "I see we'll have to do it the hard way, 'it creates Tention because it revels. how hard Ellery will have to work to solve the crime.
With the cost approach to value, what is the reproduction cost?
Answer:Reproduction Cost- the estimated cost to construct, as of the effective appraisal date, an exact relica of the building being appraised, insofar as possible using the same materials, construction standards, design, layout, and quality of workmanship, including all the deficiencies, super-adequacies
Explanation:
Bell Manufacturing is attempting to choose the better of two mutually exclusive projects
for expanding the firm’s warehouse capacity. The relevant cash flows for the projects are
shown in the following table.
The firm’s cost of capital is 15%.
Project (X) Project (Y)
Initial Investment 500000 325000
Year Cash Inflow Cash Inflow
1 100000 140000
2 120000 120000
3 150000 95000
4 190000 70000
5 250000 50000
a. Calculate the IRR to the nearest whole percent for each of the projects.
b. Assess the acceptability of each project on the basis of the IRRs found in part a.
c. Which project, on this basis, is preferred?
Answer:
Explanation:
a. To calculate the IRR for each project, we need to find the rate at which the net present value (NPV) of the cash flows equals zero.
For Project X:
Initial investment: -500000
Year 1: 100000 / (1 + 0.15)^1 = 86,961
Year 2: 120000 / (1 + 0.15)^2 = 97,739
Year 3: 150000 / (1 + 0.15)^3 = 113,118
Year 4: 190000 / (1 + 0.15)^4 = 137,898
Year 5: 250000 / (1 + 0.15)^5 = 183,333
NPV = -500000 + 86,961 + 97,739 + 113,118 + 137,898 + 183,333 = -40,949
The IRR for Project X is the rate at which NPV = 0, which is approximately 20% to the nearest whole percent.
For Project Y:
Initial investment: -325000
Year 1: 140000 / (1 + 0.15)^1 = 110,870
Year 2: 120000 / (1 + 0.15)^2 = 97,739
Year 3: 95000 / (1 + 0.15)^3 = 77,778
Year 4: 70000 / (1 + 0.15)^4 = 56,410
Year 5: 50000 / (1 + 0.15)^5 = 39,506
NPV = -325000 + 110,870 + 97,739 + 77,778 + 56,410 + 39,506 = -35,857
The IRR for Project Y is the rate at which NPV = 0, which is approximately 17% to the nearest whole percent.
b. The acceptability of a project can be determined by comparing its IRR to the firm's cost of capital. A project with an IRR higher than the cost of capital is considered acceptable, and one with an IRR lower than the cost of capital is considered unacceptable.
Based on the IRRs found, Project X has an IRR of 20% which is higher than the cost of capital of 15%, and it is acceptable. Project Y has an IRR of 17% which is less than the cost of capital of 15%, and it is considered unacceptable.
c. Based on the IRRs and acceptability, Project X is preferred as it has a higher IRR and it is acceptable.
In the Bell Manufacturing company, the following cases are:
a. The IRR of Project X is 15.67%, and Project Y is 17.29%.
b. Both projects are accepted because the IRR of the project is greater than the cost of capital.
c. Project Y is preferred.
The internal rate of return (IRR) is a financial research indicator used to determine the profitability of possible investments.
In a discounted cash flow analysis, IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero.
Here,
Calculate the internal rate of return as follows:
Years Cash Inflow Cash Inflow
Project X Project Y
0 500000 325000
1 100000 140000
2 120000 120000
3 150000 95000
4 190000 70000
5 250000 50000
IRR 15.67% 17.29%
Therefore, the following conditions are:
a. Project X is 15.67%, and Project Y is 17.29%.
b. Both are accepted.
c. Only project Y.
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A drug-free workforce does all of the following for the employer except
decreases high rates of absenteeism and turnover
increases the possibility of injuries on the job
prevents the possibility of drug use on the job
reduces the risk of accidents and injuries on the job
A drug-free workforce does all of the following for the employer except
increase the possibility of injuries on the job.
How have drugs impacted the work life?Employee substance and alcohol misuse results in a wide range of costly issues for company and industry, including lost productivity, accidents, and a rise in health insurance claims. 1 The National Clearinghouse for Alcohol and Drug Information estimates that corporations in the United States lose $100 billion annually as a result of employee usage of alcohol and drugs (NCADI).
These astonishing figures do not account for the expense of directing corporate resources away from other uses in order to deal with substance misuse problems. Additionally, it excludes elements like "pain and suffering" that cannot be quantified financially.
Alcohol and drug abuse among American workers leads to expensive medical, social, and other issues that have an impact on both employees and businesses.
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Joe lived all year with Carol and her daughter Cindy. Carol worked part-time and made $6,000. Joe pays all the household expenses and provides all the support for Carol and Cindy. Wht is joes filing status
Answer:
Joe's filing status would likely be "Head of Household" because he pays all the household expenses and provides all the support for Carol and Cindy. To qualify for Head of Household status, the individual must be unmarried or considered unmarried on the last day of the year and have paid more than half the cost of maintaining a home for themselves and a qualifying person, such as Carol and Cindy.
Explanation:
1. What does Accounting means and for what purpose we need it?
Answer:
Accounting is the process of recording, summarizing, analyzing, and reporting financial transactions of a business or organization. It is used to provide information to those who need it to make informed decisions, such as investors, creditors, and management.
Explanation:
Question 8 of 12
Which of the following are intersecting skills with critical thinking?
Select the 4 answer options that apply.
Cognitive flexibility
Emotional intelligence
Muscle flexibility
Stubbornness
Metacognition
Logic and reasoning
Cognitive flexibility, Emotional intelligence, Metacognition, and Logic and reasoning are intersecting skills with critical thinking. The correct options are A, B, E, and F.
What skills can we develop through critical thinking?The capacity for factual analysis and opinion formation is known as critical thinking. A type of emotional intelligence, it. When the situation calls for it, a person with critical thinking abilities can think clearly and logically. They are able to make decisions and solve problems more effectively as a result.
Bias detection, inference, research, identification, curiosity, and relevance assessment are essential critical thinking abilities. Let's examine the six critical thinking abilities you should develop and why they are so crucial to the critical thinking process.
Thus, the ideal selection is options A, B, E, and F.
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1 of 20
When using social media, which of the following are valid operations security measures? Select all that apply.
Never violate operations security by posting critical information to social media sites.
Always conduct extensive subject research to support your claims on social media sites
Turn off the global positioning system (GPS) function on your personal digital devices since photos posted to social media could reveal your geographical location
While deployed, don't report your specific location on social media.
Using social media, security measures are: Do not compromise operational security by posting sensitive information on social media sites and Do not post personal information on social media.
What does social media sites mean?Social media is a collective term for websites and applications focused on communication, community-based input, interaction, content sharing, and collaboration. People use social media to keep in touch and interact with friends, family, and diverse communities.
What is the importance of social media sites?Billions of people around the world use social media to share information and make connections. On a personal level, social media allows us to connect with friends and family, learn new things, develop interests, and have fun.
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3. Do you think that the benefits of using technology outweigh the costs for a local organisation? Justify your answer with two reasons.
Answer:
Technology can bring many benefits to a local organization such as improved efficiency, cost savings, and increased access to information and resources. However, there can also be costs associated with using technology, such as the need for training and maintenance, and potential security risks.
One reason the benefits may outweigh the costs is that technology can help an organization to streamline its operations, leading to greater efficiency and cost savings. For example, a business can use automation and other software to manage inventory, reduce paperwork, and improve communications with customers.Another reason the benefits may outweigh the costs is that technology can help an organization to reach a larger audience and expand its reach. For example, a non-profit organization can use social media and other digital tools to engage with supporters and attract new donors, while a local business can use online platforms to expand its customer base.Hope this helps! Enjoy Learning!:D
The Digby's workforce complement will grow by 10% (rounded to the nearest person) next year. Ignoring downsizing from automating, what would their total recruiting cost be? Assume Digby spends the same amount extra above the $1,000 recruiting base as they did last year.
Select : 1
Save Answer
$300,000
$3,270,000
$250,000
$2,725,000
Answer:
Explanation:
Answer: $2,725,000
you own perspective for the following cases. Copies (Imitates) once work is strictly forbidden. Date of Submission; Final exam date of Entrepreneurship. Case One On one of those pleasant cold February mornings, Sanjay Nandrajog, the Chief Executive Officer of Field Fresh Foods Private Limited, pondered the future. He had just returned to Delhi from the company's Agri Centre of Excellence (ACE), an R&D farm where he celebrated the dispatch of 500 metric tons of fresh baby corn to Europe. The top management team at Field Fresh was justifiably proud of this achievement as it had required tremendous effort to become an important exporter of Indian produce. Field Fresh had been incorporated in 2004 with the vision of linking Indian fields to the world. India had a number of natural advantages in terms of climate, acres in production, and labor force to become a major power in agriculture. However, a poor infrastructure and an antiquated regulatory regime had stymied efforts to unleash India's promise. Field Fresh hoped to overcome those challenges to bring India to the forefront of the world's agriculture. During its initial years of operation, Field Fresh had found out how difficult it was build a supply chain for produce in India. The company had been through a phase of experimentation where it tried different sourcing models, logistical options, and crops. After less than stellar results, the company had decided to concentrate on one crop, baby corn. Over the next 24 months, the Field Fresh team adapted logistics to overcome crowded and crumbling roads, irregular power supply, and bureaucratic procedures. The company worked with thousands of farmers to gain their trust. By 2010, the Field Fresh team had been able to create an efficient supply chain for baby corn across Punjab and Maharashtra at all levels input delivery, credit, irrigation, timely scientific advice, production as per specifications of European market, careful harvesting, improved produce handling, clean and fast transportation, proper management of cold chain storage environment, gaining safety certification, as well as grading, packaging, and labeling to meet international standards. But success brought with it the expectation of growth. Nandrajog had a number of questions to answer before he could articulate a plan.question number one;Should Field Fresh grow opportunistically into different foreign markets as retailers and wholesalers demanded different products for their respective markets?. question number two;Should Field Fresh continue to focus on baby corn, whose supply chain-market linkages it had perfected, or should the company expand the range of products it would supply? question number three;Field Fresh continue to maintain its primary export focus, or shift relative emphasis to the growing domestic market?
Field Fresh needs to expand into different markets in an entrepreneurial way. By expanding into unfamiliar business sectors, an organization can expand its ubiquity and reach more customers.
What does business sector means?Business sector include manufacturing, commercial, or service companies that perform the same main activity (with respect to the category of economic sector considered). For example, coal mines and farms both belong to the primary sector, but they are very different. Also, the company that makes chocolate and the company that makes car tires are different, but we are in the same industry. A business unit contains different companies. Some are smaller. Others are big.
What are the types of business sector?There are three business sectors: 1) Primary; The primary sector of industry deals with the extraction of raw materials or natural resources from land. 2) Secondary; The secondary industry deals with manufacturing. 3) Tertiary; The tertiary industry is concerned with the provision of services.
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