(c) Explain how Perfect Shopper might re-structure its downstream supply chain to address the problemsidentified in the scenario. (10 marks)
(c) Explain how Perfect Shopper might re-structure its downstream supply chain to address the problems
identified in the scenario. (10 marks)
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5 Your manager has heard of Maslow’s hierarchy of needs theory and how it has some relevance to motivational techniques.Required:(a) Explain Maslow’s hierarchy of needs theory. (10 marks)
3 Local neighbourhood shops are finding it increasingly difficult to compete with supermarkets. However, three yearsago, the Perfect Shopper franchise group was launched that allowed these neighbourhood shops to join the groupand achieve cost savings on tinned and packaged goods, particularly groceries. Perfect Shopper purchases brandedgoods in bulk from established food suppliers and stores them in large purpose-built warehouses, each designed toserve a geographical region. When Perfect Shopper was established it decided that deliveries to these warehousesshould be made by the food suppliers or by haulage contractors working on behalf of these suppliers. Perfect Shopperplaces orders with these suppliers and the supplier arranges the delivery to the warehouse. These arrangements arestill in place. Perfect Shopper has no branded goods of its own.Facilities are available in each warehouse to re-package goods into smaller units, more suitable for the requirementsof the neighbourhood shop. These smaller units, typically containing 50–100 tins or packs, are usually small trays,sealed with strong transparent polythene. Perfect Shopper delivers these to its neighbourhood shops using specialisthaulage contractors local to the regional warehouse. Perfect Shopper has negotiated significant discounts withsuppliers, part of which it passes on to its franchisees. A recent survey in a national grocery magazine showed thatfranchisees saved an average of 10% on the prices they would have paid if they had purchased the products directlyfrom the manufacturer or from an intermediary – such as cash and carry wholesalers.As well as offering savings due to bulk buying, Perfect Shopper also provides, as part of its franchise:(i) Personalised promotional material. This usually covers specific promotions and is distributed locally, either usingspecialist leaflet distributors or loosely inserted into local free papers or magazines.(ii) Specialised signage for the shops to suggest the image of a national chain. The signs include the Perfect Shopperslogan ‘the nation’s local’.(iii) Specialist in-store display units for certain goods, again branded with the Perfect Shopper logo.Perfect Shopper does not provide all of the goods required by a neighbourhood shop. Consequently, it is not anexclusive franchise. Franchisees agree to purchase specific products through Perfect Shopper, but other goods, suchas vegetables, fruit, stationery and newspapers they source from elsewhere. Deliveries are made every two weeks tofranchisees using a standing order for products agreed between the franchisee and their Perfect Shopper salesrepresentative at a meeting they hold every three months. Variations to this order can be made by telephone, but onlyif the order is increased. Downward variations are not allowed. Franchisees cannot reduce their standing orderrequirements until the next meeting with their representative.Perfect Shopper was initially very successful, but its success has been questioned by a recent independent report thatshowed increasing discontent amongst franchisees. The following issues were documented.(i) The need to continually review prices to compete with supermarkets(ii) Low brand recognition of Perfect Shopper(iii) Inflexible ordering and delivery system based around forecasts and restricted ability to vary orders (see above)As a result of this survey, Perfect Shopper has decided to review its business model. Part of this review is to reexaminethe supply chain, to see if there are opportunities for addressing some of its problems.Required:(a) Describe the primary activities of the value chain of Perfect Shopper. (5 marks)
(b) Explain how Perfect Shopper might re-structure its upstream supply chain to address the problems identifiedin the scenario. (10 marks)
(b) Examine how adopting a Six Sigma approach would help address the quality problems at UPC.(10 marks)
(b) Explain how the process of developing scenarios might help John better understand the macro-environmentalfactors influencing Airtite’s future strategy. (8 marks)
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(c) Discuss how the manipulation of financial statements by company accountants is inconsistent with theirresponsibilities as members of the accounting profession setting out the distinguishing features of aprofession and the privileges that society gives to a profession. (Your answer should include reference to theabove scenario.) (7 marks)Note: requirement (c) includes 2 marks for the quality of the discussion.
(b) Using the TARA framework, construct four possible strategies for managing the risk presented by Product 2.Your answer should describe each strategy and explain how each might be applied in the case.(10 marks)
(b) ‘Strategic positioning’ is about the way that a company as a whole is placed in its environment and concerns its‘fit’ with the factors in its environment.With reference to the case as appropriate, explain how a code of ethics can be used as part of a company’soverall strategic positioning. (7 marks)
(c) Explain how absolutist (dogmatic) and relativist (pragmatic) ethical assumptions would affect the outcomeof Anne’s decision. (6 marks)
(c) Define ‘retirement by rotation’ and explain its importance in the context of Rosh and Company.(5 marks)
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(b) Identify and explain THREE approaches that the directors of Moffat Ltd might apply in assessing theQUALITATIVE benefits of the proposed investment in a new IT system. (6 marks)
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(b) Explain how the use of SWOT analysis may be of assistance to the management of Diverse Holdings Plc.(3 marks)
(ii) Explain THREE strategies that might be adopted in order to improve the future prospects of DiverseHoldings Plc. (6 marks)
(b) Explain how the adoption of residual income (RI) using the annuity method of depreciation might prove tobe a superior basis for the management incentive plan operated by NCL plc.(N.B. No illustrative calculations should be incorporated into your explanation). (4 marks)
(b) (i) Explain how the use of Ansoff’s product-market matrix might assist the management of Vision plc toreduce the profit-gap that is forecast to exist at 30 November 2009. (3 marks)
(ii) Comment briefly on how divisional managers might respond to the results achieved and ONE potentialproblem that might be experienced by Our Timbers Ltd. (2 marks)
(c) Explain the term ‘target costing’ and how it may be applied by GWCC. Briefly discuss any potentiallimitations in its application. (8 marks)
(ii) Briefly explain the extent to which the application of sensitivity analysis might be useful in decidingwhich refrigeration system to purchase and discuss the limitations inherent in its use. (3 marks)
(b) Explain FIVE critical success factors to the performance of HSC on which the directors must focus if HSC isto achieve success in its marketplace. (10 marks)
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(c) Explain the possible impact of RBG outsourcing its internal audit services on the audit of the financialstatements by Grey Co. (4 marks)
Carl Sagan believes that Venus might be colonized from earth because__________.A.it might be possible to change its atmosphereB.its atmosphere is the same as the earth'sC.there is a good supply of water on VenusD.the days on Venus are long enough