Develop a set of four to five criteria

Assignment Help Financial Accounting
Reference no: EM13135154

DeGraaf Office Supplies is a national retailer of office supplies, equipment, and furnishings. The company opened its first store in 1932 in Columbus, Ohio. Currently, DeGraaf has 300 stores nationwide. Owner- managers purchase and run franchised stores. Kim DeGraaf, the founder’s daughter, currently is President and CEO of the corporation. Sales revenues grew steadily during the past decade, but 2006 sales were quite dis-appointing, down 8 percent from 2005. The company’s stock price has also taken a big hit during the past few months. Kim resisted developing an Internet presence for the company, and it appears now that this was a mistake. Online sales of office supplies are growing rapidly, particularly in the business- to- business sector as business organizations are finding it faster and more efficient to enter their office supply orders electronically. The following is a conversation between Kim and Peter Brewer, Vice President of Marketing. Peter: ‘‘ Kim, I warned you that we were going to see sales decline if we didn’t hurry up and get on the Internet. The established brick- and- mortar businesses in many industries are suffering.’’ Kim: ‘‘ You were right, Peter. I think I’ve been overly concerned about security and privacy issues. I also didn’t really believe that online sales in our industry would take off the way they have. I hope we’re not too late, because I want to move ahead immediately in developing a web site. I know other companies have a jump- start but hopefully our brand name recognition and reputation for quality will help us. I have contracted with a consulting firm to start the web site development and am going to give a press release this afternoon about our plans. Fortunately, our current enterprise software has electronic commerce features and the consultants tell me that our Internet site should be ready for business in about six months. I need you to have your staff prepare an analysis of our competitor web sites. I would also like as much information as possible related to providing retail and business customers with security and privacy over online transactions with us.’’ Peter: ‘‘ This is great news! I will get my staff busy at once providing you and the consulting team with the information they need. There will be a lot of decisions to make. I’ve studied all the office supply web sites and they are organized in a variety of ways. For instance, some sites provide customers with the option to select a type of product such as ballpoint pens and then show the vendor options in that category, while other sites are organized around the vendors. This type of site allows customers to select a vendor name, such as PaperMate, and then lists all the product offerings from that vendor. Hopefully, the consultants have a lot of experience with business web sites and they can help us with many of these issues.’’

Requirements

Develop a set of four to five criteria for evaluating their web sites.

1. Evaluate DeGraaf’s chances for catching up to competitors in the online marketplace.

2. Discuss the privacy and security concerns for companies doing business electronically. Make recommendations to DeGraaf Office Supplies for addressing these concerns.

Reference no: EM13135154

Questions Cloud

Basics of payback period of the project : The scrap value of the project's assets at the end of the project would be $28,000. The payback period of the project is closest to:
How much inventory was requisitioned for use on jobs : At the beginning of 2012, there was $1,600 of materials on hand. During the year, the company purchased $324,000 of materials; however it paid for only $314,000. How much inventory was requisitioned for use on jobs during 2012?
Lower productivity than manufacturing jobs : Why do you suppose that service jobs have lower productivity than manufacturing jobs? How can a company gain a competitive advantage by having higher productivity than its compettitors have?
What is the amount of her deductible charitable contribution : for the current year sheila jones had adjusted gross income of $100,000 during the year she contributed $6,000 to her church and a additional $3,000 to qualified charities.
Develop a set of four to five criteria : then lists all the product offerings from that vendor. Hopefully, the consultants have a lot of experience with business web sites and they can help us with many of these issues. Develop a set of four to five criteria for evaluating their web sit..
What is the ph of the solution : Find the activity coefficient of H+ in a solution containing 0.010M HCl plus 0.040M KClO4. What is the pH of the solution?
Circumference and area of circles : A stone is thrown into a lake, and t seconds after the splash the diameter of the circle of ripples is t meters. Express the circumference C of this circle as a function of t.
Payback period of the project : The annual net operating income from the project would be $135,000, which includes depreciation of $37,000. The scrap value of the project's assets at the end of the project would be $25,000. The payback period of the project is closest to:
Presuming that the bomb is perfectly insulated : Assuming that the bomb is perfectly insulated what is the temperature of the air in the bomb at the end of filling process? Assume air is an ideal gas with constant specific heats in a ratio Cp/Cv = γ = 1.4 and constant R= 287 J/kg K.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd