Business Administration Research Paper Example | Topics and Well Written Essays - 2500 words

Business Administration - Research Paper Example The company endeavors to achieve this success. Guaranteeing customers 100 percent customer satisfaction. Contracting value oriented distributors so as to insure a value friendly service to our deemed customers. Constantly training our distributors to ensure that they are equipped with the necessary knowledge. Provide high quality products branded with our company logo so as to differentiate them from those of our competitors. Highlights 1.6 Objectives To open and operate a successful distribution shop in the New-York city which will employ more full time employees after the first year of operation. Achieve first year sales of $100,000 Maintain an average gross margin of 20 per cent Produce a net profit of at least 20,000 by the end of the second year of operation 1.7 Keys to success Innovative quality products Access to various manufacturers in India and China The principal owner being students will have an upper hand in distributing the products across the institutions of higher learning in the United States Fully integrated programs to help customers increase sales through creative promotions, advertising and cost marketing materials. 2.0 COMPANY SUMMARY Ones tone kitchenware is a new company located in New York and will be established on the basis of the following plan. 2.1 Company ownership One stone kitchenware is a privately owned company in total by the founders Davis Jones and Kelly Mark 2.2 Start up summary The start up expenses total $15,000 and include expenses such as advertising, equipment, IT facilities, legal health and safety regulations. Start up asset include $10,000 cash requirements $17,000 and $50,000 office furniture and starting inventory respectively. These starts up costs will be financed through a loan from...Onestone needs to create awareness to the retailer and the consumer through advertisements in newspapers made and network of salaries and common based sales representatives. Kitchenware products as an industry are a very mature industry that is a crowded with many suppliers and distributors. However many of these suppliers and distributors concentrate on electrical products hence we sell that by concentrating on efforts on non-electrical kitchen products we will acquire a sufficient market share over the next five years. Our initial start up cost will amount to x,000 of which P,000 will be used to rent operating premises purchase equipment install IT facilities, pay insurance for our shop and for the premises and for other health and safety registration. The balance will be used to create awareness to our deemed customers. The start up expenses total $15,000 and include expenses such as advertising, equipment, IT facilities, legal health and safety regulations. Start up asset include $10,000 cash requirements $17,000 and $50,000 office furniture and starting inventory respectively. One stone has identified five unique types of non-electrical kitchenware whose demand is very high in the United States and more especially among students in the institutions of high