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Q. What do you mean by Inventory days?
(Average inventory / Cost of sales) x 365 days
Average inventory can be arrived by taking this year's and last year's inventory values and dividing by 2 - (Opening inventories + closing inventories) / 2. This ratio tells how long the inventory stays in the company before it is sold. The lower the ratio the more efficient company is trading, however this may result in low levels of inventories to meet demand. A lengthening inventory period may indicate a slowdown in trade and an excessive build up of inventories, resulting in additional costs.
Recognizing a Company's Strategy 1. A company's strategy is reproduced in its actions in the marketplace & the statements of senior managers regarding the company's current b
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conduct a strategic analysis, and write a report on a real-life business (MYER) . This report will focus on business-level strategy.
Question: a) (i) How many components are there in an ideal mission statement of a business organisation? (ii) Name these components? b) Using the above named component
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Corporate Strategy
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