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Essay / Research Paper Abstract
This 7 page paper is based on a case study supplied by the student. The paper presents the potential covering notes and address to stakeholders that can be included in an annual report. The aspects covered include the business and strategy, the risk factors, financial condition, creditworthiness, competitive position and financial and accounting procedures. The bibliography cites 5 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEonmark.rtf
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Unformatted sample text from the term paper:
Accounting Procedures. 7 References 8 1. The Business and Strategy On Your Mark is a manufacturer of athletic clothing and equipment. Strident Marks1 is one of seven divisions, with each division
offering a unique range of products under the On Your Mark Brand. Strident Marks is responsible for the apparel that is manufactured and sold by the On Your Mark
Group. With sales of $8,994,000 the division is responsible for 17.99% of the group sales, making it an important part of the On Your Mark Group. On Your
Mark follows a decentralized strategy with each of the seven divisions being operated on a semi autonomous basis, responsible for their day today operations as well as sales and marketing.
Strident Marks is wholly responsible for all the manufacturing sales and marketing of the apparel. Located in a single facility Strident
Marks undertakes all aspects from the initial design of the apparel and the sourcing of materials, through to the sales and marketing. Support is provided by Head Office for some
administrative functions, which is a cost effective way of operating a firm; using a hub and spoke model (Mintzberg et al, 2003). In the coming years the firm will be
pursuing an aggressive growth strategy to acquisitions and/or new products are likely to be seen. 2. Risk Factors for the Firm A firm will face a number of risks,
some of which will be specific to the firm, others will be more generalized and impact on other firms in the same environment or all firms2. There is likely
to be a reliance of key personnel, including senior management and designers, which may cause a difficulty if they are lost. The firm
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