Making Decisions Based on Demand and Forecasting

This paper briefly describes the details of a fictitious handicraft and completes an surroundingsal scan of LogoHats while de limitining if management should define to continue trading operations or shutdown. As the outside adviser I exit evaluate the financial performance of the corporation using all key drivers of performance, such as connection profit or loss for both the short term and long term. Upon completion of the financial analysis recommendations will be provided as to whether the company can improve its profitability and collapse a brief plan to implement the recommendations. Lastly, this paper will appreciate the circumstances in which the company should discontinue operations while providing a set of reasonable rationales.

The fictitious trade in this assignment is named LogoHats which specializes in embroidered hats and clothing. Currently, LogoHats has 100 workers that produce 6,000 units of output signal per month where the month consists of working 20 days. The daily engage per worker is $70, and the price of the firms output is $32. The court of other variable inputs is $2,000 per day. The firms fixed follow is high enough so that the firms thorough costs exceed its total revenue. Lastly, the marginal cost of the kick the bucket unit is $30.





The environmental scan factor refers to the macro environment and is the activity of acquiring information about events and relationships in a companys outside environment, the knowledge of which would assist overhaul management in its task charting the companys emerging course of action. (Aguilar,1967). Management will be able to correspond if the operation is to continue its business by analyzing the data provided to assess finance, marketing, and operations impact on plant operations.

Finance is prudent for acquiring financial resources at favorable prices and allocating those resources throughout the business, as well as budgeting, analyzing, investment proposals, and providing funds for operations. Marketing aims to canvas and...If you want to get a full essay, order it on our website: Ordercustompaper.com



If you want to get a full essay, wisit our page: write my paper