StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

ABC Financial Business - Research Paper Example

Cite this document
Summary
An effective business is vital in a company’s long term strategy.Having a business such as ABC Company there may be the difference between successfully raising it, and taking it to the ground. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
ABC Financial Business Research
Read Text Preview

Extract of sample "ABC Financial Business"

Download file to see previous pages

Business planning to expand its sales with a 25% increase requires the management and its shareholders to set their targets and goals through a forecast budget. An effective business will lays out the perfect strategy in realizing the companies’ goal of profit maximization. By having the capability to read the agency’s future, it is practical to form feasible strategies that work in favor of the additional products that can leverage the current ABC employee skill-set as well as the manufacturing facilities.

In this case, it is critical to form a financial plan to assist the agency’s long term objectives. This is especially if it is the first time trying to make it in this entrepreneurial venture. Some of the aspects that surround this business need addressing so as to make it simpler to deal with the hurdles that these project faces. This paper will examine such a plan in bide of setting aggressive growth target of reaching $3 million annual sales within the next 3 years and how it may impact the growth and development of the business, in the long run.

The paper also analyses the overall risk profile of the company based on current economic and industrial issues that it may be facing based on the track records of its financial statements. Discussion It is fundamental for one to be apprehensive about the issues the market may be facing. One of these issues may be an economic downturn. The economic activities that surround this manufacturing industry are a vital aspect in the continuation of the new proposed project (Chandra, 2011). An expansion of the activities occurring in the manufacturing environment means that, there is a chance of having restructuring other interdepartmental that do facilitate the production of final product.

As a growing business, the board of management needs to be sensitive to such customer needs and requirements. Overall customer satisfaction is another sensitive area to look into in the business. Customers prefer to have access to information. The ability to provide this access at a rapid pace means that, they will be inclined to get more involved with the business (Brigham, & Ehrhardt, 2011). This works in boosting the annual revenue acquisition. This is where technology comes into play in the business.

Offering customers information leads to more interaction, which is the primary focus of the product. Government regulations are also a sensitive area to look into while trying to grow the business in order not to derail the quality of their product (Chandra, 2011). The government policies could also improved access to financial services which on the other hand is help-full in raising the funds for such proposed expansion. All these sensitive areas might determine if the business will grow after expansion, or if it will remain stagnant as at the commencement of the pursuit of new venture.

It is very pertinent to acknowledge the presence of all factors present in the industry that might enable it to grow, decline, or remain stagnant (Brigham, & Ehrhardt, 2011). In order to attract a wide variety of customers, it is vital to have an image of the build cedar dollhouses that are to be offered in the market. The price would depends on alternative product which the competitors also do offer in market, that reflect the loyalty of the client, and how much they are invested in the business as a cost of production.

Loyalty in any business is fundamental in its growth as cabalist. However, diverting customers from the competition is instrumental in covering the business and some of its costs. In order to provide capital to enable the business to grow and give the shareholders their share,

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“ABC Financial Business Research Paper Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved de https://studentshare.org/finance-accounting/1472218-abc-financial-business-research
(ABC Financial Business Research Paper Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/finance-accounting/1472218-abc-financial-business-research.
“ABC Financial Business Research Paper Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/finance-accounting/1472218-abc-financial-business-research.
  • Cited: 0 times

CHECK THESE SAMPLES OF ABC Financial Business Research

Influence of Product Costing Variances on Operational and Business Decisions

Thus, Ford has been allocating huge amount of revenues to the research and Development (R&D) department in order to develop best-in-class vehicles that will provide superior quality, efficient fuel economy, safety, value for money and attractive design which best satisfies the consumer preferences.... Week 8 Assignment Table of Contents Table of Contents 2 Introduction 3 Thesis Statement 3 Allocation of Costs 4 Benefits of Activity Based Accounting and Activity Based Management 5 Impact of Standardized Costing and Inventory Costing Methods on the Financial Reporting 7 Influence of Product Costing Variances on Operational and business Decisions 9 Conclusion 10 Works Cited 11 Introduction One of the leaders in global automotive industry, Ford Motor Company manufactures and distributes automobiles across six continents....
6 Pages (1500 words) Research Paper

ABC Company Management

The challenge therefore can be solved by in depth understanding of international markets and diverse foreign cultures through better research of information for better analysis.... Company therefore should always be in line with this shifts so as to produce products that suit consumers needs Uncertainty Most business firms fear the challenges that may face the organization in the future.... … abc Company Management Addition of a new product line to a company is vital to the future of the company....
3 Pages (750 words) Research Paper

Cyber Security Industry

Cyber security industry is one of the emerging and evolving industries in the twenty first century as the business community and governmental agencies are commonly practicing the widespread usage of the internet.... For the hackers, it has become very easy to break through into… rs computers and information systems and get access to the confidential and private information that can come under utilization in the negative manner as well. In order to make the information system of the corporation securer and safer, the company by the name of ABC is initiating its business that can provide the customers with a safer IT working environment....
14 Pages (3500 words) Research Paper

ABC accounting versus Traditional Accounting

Activity-Based Costing often abbreviated abc refers to a particular costing technique applied by organizations on assigning resources to various costs.... hellip; Perhaps the main area that puts a clear distinction between abc and Traditional Accounting (TA) is the approach whereby the latter was based on the product-cost while the former on the activities.... In short, the abc method helps a company in the assigning cost of resources in the activities to help in delivery of products to its clients (Brown & Tower, 2010)....
12 Pages (3000 words) Research Paper

The Impact of Absorption and the ABC Method on Decision-Making

The business environment is becoming more dynamic and volatile not to mention the ever increasing competition.... Companies operate under the famous accounting concept (the going concern), which implies that the business' operations should continue indefinitely.... However, the life span of a business and more importantly, the performance are heavily influenced by the decisions made....
11 Pages (2750 words) Research Paper

Costing Techniques Benefits for JetBlue

The research incorporates analyzing such costing techniques by associating the same in context of JetBlue.... The research technique followed is essentially qualitative.... The flight services of JetBlue can be crucially be divided into two important segments, essentially business class and economy class.... The project tries to identify how the company can benefit by incorporating diverse costing strategies to give effect to better decision… Costing techniques facilitates the organization to utilize such financial resources more optimally....
15 Pages (3750 words) Research Paper

The Influence of Activity Based Costing in the Finance Sector

This research will explore that the Activity-based costing is a costing representation that distinguishes the cost centers, in an organization and allocates costs to goods and services depends upon the figure of actions or dealings involved in the procedure of supplying a product or service;… Consigning Service Department Costs to Activities Daly (2001) elucidate that the central theory behind the Activity-based costing system is that resource operating cost have to be allocated to the activities executed....
24 Pages (6000 words) Research Paper

Analysing the Impact of Taxes and Other Influencing Factors on Housing Prices in Australia

The Real Estate Institute of Australia states that in the financial year 2005/2006, property sales totaled $186.... nbsp;  A very recent report, however, by abc News, in its website abc News Online dated May 14, 2007 (2:33 pm AEST), states a reversal of the stable market.... rdquo; The surge in median house prices in the last seven years has shut many people out of the market, abc News quoted the Council as saying....
9 Pages (2250 words) Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us