Starbucks was founded by Jerry Baldwin‚ Zev Ziegler and Gordon Bowker in 1971 in Seattle‚ U.S.A. They named their company after Starbuck from the Moby Dick novel who was a coffee lover. Starbucks sold primarily whole bean Arabica coffee. They got their supply from Alfred Peet of Peet’s Coffee and were under the agreement that once Starbucks ’got too big‚ they would have to roast their own’. Their main focus was to sell a high quality cup of coffee. In 1984 Harold Schultz joined the company as a director
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Assess the reasons for the downfall of Lloyd George and the coalition government in 1922 In order to fully assess the question we would need to take a look at the Economic and social issues that David Lloyd George put across as well as his foreign policies and the Conservatives seeing him as outliving his purpose. For example‚ his domestic policies were a success – they achieved what he intended to achieve‚ and achieved more then many thought realistically possible with the resources at Britain’s
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TEAM ANDREWS EXECUTIVE SUMMARY For all the products we took into consideration the top 3 aspects that affected sales and profit. Manipulated those top 3 aspects and tried to stay as close to the "sweet spot" and revision dates as possible. Improved performance‚ size and increased quality‚ while staying within the age at revision threshold ABLE - Traditional Segment Marketing:For this product we already gained a significant market penetration in the first round. Therefore‚ we did not make
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Maya Angelou Maya Angelou paved the way for many of today’s black poets. She is famous for her poems and series of autobiographies. Angelou has had an interesting life filled with many accomplishments. Maya Angelou was born as Marguerite Johnson on April 4‚ 1928‚ in St. Louis‚ Missouri. (Encyclopedia of World Biography‚ 2nd Ed.) Her parents divorced when she was 3‚ she then lived with her mother. (Shaw‚ Taylor) At age 8 her mother’s boyfriend‚ Mr. Freeman‚ raped her. Angelou hid her dirty
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a. How Baldwin currently compete on the basis of Michael Porter’s (1980) competitive strategies: Customers: Major customers of Baldwin are those who had passion in riding bicycles‚ Baldwin offered wide range of product with 10 models for kids to adults. Hi-Valu was a potential buyer for bikes wanted to purchases bikes from Baldwin at lower prices than wholesale prices under a brand name called “Challenger”. Secondly‚ Hi-Valu wanted the Challenger bike to be somewhat different in appearance from
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states that Wright is a great writer and that one must analyze his past to understand how he is a great writer. In that perspective‚ he also commends Wright’s book‚ Native Son. He states: Native Son is unmatched in its power It is not true as Baldwin claims that Bigger Thomas‚ the doomed‚ frustrated black boy‚ is just another stereotype extreme in his wish to injure himself and do injury to others Pinckney
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BALDWIN BICYCLE COMPANY In May 1983‚ Suzanne Leister‚ marketing director of Baldwin Bicycle Company‚ was mulling over the discussion she had had the previous day with Karl Knott‚ a buyer from Hi-Valu Stores. Hi-Valu operated a chain of discount department stores in the North West. Hi-Valu’s sales volume had grown to the extent that it was beginning to add its "own-brand" (also called "private-label") merchandise to the product lines of several of its departments. Mr. Knott‚ Hi-Valu’s buyer for
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would be difficult to predict return due to the uncertainty of customer retention with the implementation of this deal. Q5. What are the major cash flow implications of the Challenger deal? Cash flow is a difficult situation currently for Baldwin. It takes the inventory approximately 125 days to turn and then another 46 days to get paid. This is a very long time. The Challenger deal states that they would pay within 30 days. This would help with the current 46 day AR turnover. The contract
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to accept the order of Hi-Valu Company‚ due to analysis and compare below. Advantages Outstanding profit Assume that Baldwin Company accepted the orders of Hi-Valu Company to make profits. In this condition‚ we should know whether Hi-Valu Company had enough short term assets to cover its short term debt. Therefore‚ we should calculate Working Capital ($) of Baldwin Company: The cost of each finished product in the first year: Materials + labors + variable cost (24.5*40%)=39.8 + 19
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Baldwin Cycle Case 1. Relevant Cost: Direct Material $39.8 Direct Labor $19.6 Variable Overhead(@40% of $24.5) $9.8 Total Relevant Costs $69.2 2. 2-months Raw material for 25‚000 bikes @ $38.9 $165‚833 WIP Inventory(1000 @ $69.2) $69‚200 Finished Goods(500 @ $69.2) $34‚600 A/R (30 days) @(25‚000/12*92.29) $192‚270 Total Inventory Costs $461‚904 Relevant Asset Cost (@5.5 %) $25‚405 Total Relevant Asset Cost $487‚309 Interest @ 18% $87‚716 Net Relevant Cost $399‚593 Price Per
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