Business And Marketing Management 4

Title page

Table of contents
Task-

a. Definition of the term ‘market failure’ and how Tropical Salvage has built a good rapport with the government officials 3
b. Definition of the concepts and their application for Tropical Salvage 5
c. Budget income statement for tropical salvage’s Seattle store for 2015 6
d. The areas that need to be brought when planning international logistics 7
Task-2 7
a.Analysis of the Indonesian market and its implications to Tropical Salvage 7
b.Herzberg’s two-factor theory and assesses how Tropical Salvage is practicing this model in its HR practices 8
c. Identification and explanation of different items with reference to the case study 10
d. ‘cost based pricing’ and ‘resource usage’ and its applicability to Tropical Salvage 11
Task-3 11
a. competitive advantage and value chain analysis and critical evaluation of their applicability to Tropical Salvage 11
b. Differentiation between ‘Organizational management’ and ‘performance management’ and the importance of ‘performance management’ for an organization 13
c. capital budgeting and recommendation of an appropriate for expansion plan for Tropical Salvage in setting the Seattle store 14
d. description the role of marketing 16
Task-4 16
a.Characteristics of the consumers of (LOHAS) and how Tropical Salvage has aligned its business model in order to target this segment 16
b.Group management and managing workforce diversity and its importance and the challenges of managing diverse workforce for Tropical Salvage 18
c. Explanation of the importance of resource allocation for Tropical Salvage 19
d. Financial position of tropical salvage for the financial year 2014 and deifying the reasons for variations 20
Conclusion 21
References 22

Task-1
a. Definition of the term ‘market failure’ and how Tropical Salvage has built a good rapport with the government officials

‘Market Failure’ is one of the most common economic terms that encompass a situation where, in any given