Stylish Ltd produced two types of coffee tables, namely Deluxe and Casual tables. It has recently...
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Stylish Ltd produced two types of coffee tables, namely Deluxe and Casual tables. It has recently expanded into the country, Aland. The competitive environment of Stylish Ltd is changing rapidly. The coffee table market used to be dominated by two large manufacturers which make simple and cheap coffee table. There are two other major international manufacturers apart from Stylish. One of these has already opened a factory in Aland and is producing tables similar to Casual type to compete directly with the existing local producers. The board of Stylish has set the following critical success factors (CSFS) for Stylish Aland's operations: To obtain a dominant market presence 1. 2. To maximise profits within acceptable risk 3. To maintain the brand image of Stylish for above average quality products The board is considering using the following key performance indicators (KPIs) for each product: total profit, average sales price per unit, contribution per unit, market share, margin of safety, return on capital employed (ROCE) and total quality costs. KPIs should be mainly catered for purpose. However, the KPIs considered by the board are mainly indicators, as they are likely to be useful for controlling In order to achieve CSF of dominant market presence, the relevant KPI is To achieve CSF of maximising profits within acceptable risk, the relevant KPI is The other KPI that could address CSF of maximising profits within acceptable risk is Stylish Ltd produced two types of coffee tables, namely Deluxe and Casual tables. It has recently expanded into the country, Aland. The competitive environment of Stylish Ltd is changing rapidly. The coffee table market used to be dominated by two large manufacturers which make simple and cheap coffee table. There are two other major international manufacturers apart from Stylish. One of these has already opened a factory in Aland and is producing tables similar to Casual type to compete directly with the existing local producers. The board of Stylish has set the following critical success factors (CSFS) for Stylish Aland's operations: To obtain a dominant market presence 1. 2. To maximise profits within acceptable risk 3. To maintain the brand image of Stylish for above average quality products The board is considering using the following key performance indicators (KPIs) for each product: total profit, average sales price per unit, contribution per unit, market share, margin of safety, return on capital employed (ROCE) and total quality costs. KPIs should be mainly catered for purpose. However, the KPIs considered by the board are mainly indicators, as they are likely to be useful for controlling In order to achieve CSF of dominant market presence, the relevant KPI is To achieve CSF of maximising profits within acceptable risk, the relevant KPI is The other KPI that could address CSF of maximising profits within acceptable risk is
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Related Book For
Managerial accounting
ISBN: 978-0471467854
1st edition
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
Posted Date:
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