After reading this case study we have
come to the point that jot financial position is very well especially when
looking at its 5 year plan the revenue is increasing along with its sales.
However there are some ethical issues especially like JOT is not applying CE
stands for certified experts which we are reject it, to us the main reason JOT
is not using it is because of it might decrease its sales especially its
sophisticated toys like spaceships whish had many incidents reported ,marking
CE means adding more investment and jot already is on heavy loan beside its sales and profit also
increasing year by year. Technologies and research should be done side by side
with knowing the long side competition .As a suggestion which I suggest to JOT
is to be brave and ask its retailers or its 7 main sellers of its toys to make
early payment as by reading the case study it should of 60 days delayed time of
payment this might also decrease its payment to raw material suppliers and one step backwards in paying loans other then
this JOT hasn’t realized that it might
be losing money with this much delay for example like inflation being increased
1$ value will be inferior after some days then today , not only that by getting
payment early and keeping it in account JOT could actually have some more money
with interest rates .I myself did a little internship in bank while over there
I found out the universities getting a lot of money added after their students
submitted their fees with interest added after being submitted. The flying
spaceship fault to us is not the fault of the designer as the product was good
but a little research like this could e good especially like having improved
insulation before it was launched. They should more focus on testing its
product before it is launched , on specific group of customers just like
sampling to getting aware of problems and likes and dislikes regarding the
product .If the product after conducting
a survey shows the increase interest of customers in this spaceship then they
should definitely invest on it to improve it. Also they should focus on their
literature ,according to us it should be small and precise and more informative
rather nowadays there is still that old tradition going on sending a lot of
pages literature along with a lot of writing , honestly most of the people
don't read that full writing literature
regarding the product beside this there
should be only small and only minimal literature
like 5 to 6 sentences like telling how to operate it . The idea of Alana
regarding introducing smart phone
application for 9-11 yr age group is really cool and informative , John Grun
should definitely go for ,why be shy then go for this line although he is
right that it is a whole new segment but
it is a guarantee product which will definitely succeed like everyone is getting high tech with
passage of years and already mentioning in the case study of more sophisticated
products for this age group especially linking it with internet is go
signal from us ,financially to worry about this is good but there are few
option cutting down small portion of their pay for a time period ,from gross
profit and what about that those shares being listed in stock exchange with
having no dividend getting out and as a private company listed they should sell
small portions of their shares for time period or create more shares instead of
dividend to give. The problem regarding late delivery of Christmas product is sincerely
a big head ache at this near time while this point sale has more sale then the
year other quarters. Michael should let Gull to sell 75% of the products
because at this point it would be pretty hard to find any other supplier and to
make arrangements regarding companies interest and policies with that of
supplier interest it's just like doing a blind love marriage . Boris has a
right to be unimpressed by this situation and they should
Thursday, 18 April 2013
Pinpoint the mistakes in this passage varying from grammar to spellings
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