The geometric average return on the portfolio is approximately 0.0924, or 9.24% (rounded to four decimal places).
To calculate the geometric average return, we multiply the individual annual returns and take the fourth root since we have four years of data.
Geometric Average Return \(= (1 + Return2018) * (1 + Return2019) * (1 + Return2020) * (1 + Return2021) ^ (1/4) - 1\)
Plugging in the given annual returns, we have:
Geometric Average Return = \((1 + (-0.101)) * (1 + 0.154) * (1 + 0.073) * (1 + 0.135) ^ (1/4) - 1\)
Simplifying the calculation:
Geometric Average Return = 1.092389 - 1
Geometric Average Return ≈ 0.0924
The geometric average return on a portfolio can be calculated by multiplying the individual annual returns and taking the nth root, where n is the number of years. In this case, the geometric average return on the portfolio can be determined using the provided annual returns for the years 2018 to 2021.
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Billing a customer for goods shipped is accomplished as part of the
A. controlling module
B. Sales and distribution module
C. MRP module
D. Financial accounting module
Billing a customer for goods shipped is accomplished as part of the Sales and distribution module.
This module is responsible for managing the entire sales process, from order management to delivery and invoicing. It handles the tasks related to customer orders, including order entry, order confirmation, picking and packing, and finally, billing the customer for the shipped goods.
Within the Sales and distribution module, the billing process involves generating an invoice based on the goods shipped. This includes capturing the relevant information such as quantity, pricing, discounts, and any applicable taxes. The module also takes into account the customer's payment terms and credit limits to ensure accurate billing.
By using the Sales and distribution module for billing, companies can streamline their invoicing process, improve accuracy, and maintain better control over sales transactions. It allows for efficient tracking of orders, timely invoicing, and integration with other modules such as financial accounting for proper recording of revenue and accounts receivable.
Overall, the Sales and distribution module plays a vital role in the billing process, ensuring that customers are billed accurately and in a timely manner for the goods they have received.
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Billing a customer for goods shipped is accomplished as part of the B. Sales and distribution module.
In the Sales and distribution module of an enterprise resource planning (ERP) system, the process of billing a customer for goods shipped is a crucial step. This module handles the entire sales cycle, from receiving the order to delivering the products and generating the invoice.
Here's a step-by-step explanation of how the Sales and distribution module enables billing:
1. Order processing: When a customer places an order, the Sales and distribution module captures the details, such as the products, quantities, and delivery address.
2. Goods delivery: After picking and packing the items, the module records the actual shipment of goods to the customer.
3. Shipment documentation: The module generates shipping documents, such as packing slips and delivery notes, which provide proof of delivery.
4. Invoicing: Using the information from the order and the shipment, the Sales and distribution module creates the invoice for the customer. The invoice includes the details of the goods shipped, prices, discounts, and any applicable taxes.
5. Accounts receivable update: The module updates the financial records, reflecting the sale and the customer's outstanding balance.
By integrating the Sales and distribution module with other modules like Financial accounting, the ERP system ensures accurate and efficient billing processes, reducing errors and improving overall business operations.
To summarize, billing a customer for goods shipped is accomplished as part of the Sales and distribution module in an ERP system.
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The four fundamental legal principles that are designed to protect the corporate structure are ____, corporate status as an entity, corporate constitutional rights, and corporate citizenship.
The Four essential felony concepts might be designed to guard the corporate shape of our corporate status as an entity.
The definition of corporate is something related to a commercial enterprise group or an enterprise that operates as a single legal unit. An instance of the company is a culture in an office. An example of a corporation is an enterprise that has filed papers and emerged as integrated.
Corporate means to big corporations, or to a specific massive company. hobby costs are better for corporate clients than for non-public clients. The economy is developing, and corporate earnings are rising. corporate method relating to massive companies, or to a specific big company.
Company shape refers back to the organization of different departments or commercial enterprise gadgets within an enterprise. relying on an organization's dreams and the enterprise wherein it operates, corporate shape can range drastically among businesses.
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What one question do you need answered that you feel would take you into the new school year successfully?
Answer:
will i ever be bullied?
Explanation:
Answer:
Be at the top, be the most populer.
Explanation:
Everyone will respect you
Which professional helps individuals and families minimize risk?
Answer:
insurance agent.
the career profession who would help individual and families to manage and minimise risk would be insurance agent.
Explanation:
insurance is a field that manages protection from financial loss thus risk to it iwould be a component that they manage. insurance insurance agent would recommend the best product for individual and families according to their lifestyle and age
Your organization has a new president. Within few weeks, the
president revised the mission and vision of your organization and
formed a committee to facilitate a stakeholder meeting to discuss
what th
The stakeholder meeting is a critical event that must be organized effectively to ensure the success of the organization.
After the new president revised the mission and vision of the organization, it is essential to hold a stakeholder meeting to discuss the impact of these changes on the organization. The committee formed by the president will facilitate this meeting and will play a crucial role in ensuring the success of this event.
The stakeholder meeting will allow the organization to obtain valuable feedback from the stakeholders regarding the changes in the mission and vision. The committee will be responsible for organizing the meeting, setting the agenda, and ensuring that the stakeholders are adequately informed about the changes and their impact on the organization. During the meeting, the stakeholders can provide feedback, suggestions, and ideas that can help improve the changes and make them more effective.
The committee must ensure that the meeting is productive, and all stakeholders have an opportunity to express their views. Once the meeting is over, the committee must compile the feedback and present it to the president. The feedback will help the president and the organization to make any necessary changes to the mission and vision to align them better with the stakeholders' interests and expectations.
In conclusion, the stakeholder meeting is a critical event that must be organized effectively to ensure the success of the organization. The committee must work closely with the president to ensure that the meeting is productive and that all stakeholders have an opportunity to express their views. The feedback obtained from the stakeholders will help the organization to improve its mission and vision and align them better with the stakeholders' interests and expectations.
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Anna wants to take seven days off from her job as an accountant to observe a religious holy week. Her employer is reluctant to allow the leave, because they are already short staffed for that week. He employer has over 15 employees, and is not a religious organization. Must they grant her request for leave
Answer: They must grant the leave only if it amounts to a reasonable accommodation
Explanation:
Based on the information given in the question, they must grant the leave only if it amounts to a reasonable accommodation.
A reasonable accommodation refers to an adjustment that is made in a system in order to accommodate the system for an individual due to the fact that there is a proven need. Such accommodations can be mental, physical, religious, academic or emotionally related.
NEED HELP ASAP PLEASE
please define these words for me
-Right to Redress
-Secure Credit
-Unsecure Credit
-Collateral
-Principal
-Mortgage
-Insurance
HURRY PLEASE
Governments throughout history have levied some very interesting taxes. each of the following taxes changed citizens’ behavior. determine whether it’s likely that the tax also addressed a market failure.
a. The Hat Tax: Adopted by the British government, requiring every hat to bear a stamp on the inside showing it was legal. b. The "Flatulence Tax": Proposed, but ultimately not adopted, in New Zealand to help reduce methane emissions from livestock.
c. The Window Tax: Levied by English King William III on the number of windows in a house, which tended to be more numerous in wealthier homes.
d. The Cowardice Tax: Introduced in medieval England and applied to people who refused to defend the country at the request of the king.
a. The Hat Tax is the tax did not address a market failure.
b. The "Flatulence Tax" is the tax did address a market failure.
What is the definition of a tax?A tax is a compulsory payment that a government must make to an individual or a company in order to finance public projects that provide the best services and infrastructure. The funds obtained are then used to finance other public spending programs.
The direct and the indirect taxes are the two main types of taxes. Taxes are essential because governments use the money they raise from them to fund social projects. Government assistance to the healthcare industry would not be possible without taxes.
c. The Window Tax is the tax did not address a market failure.
d. The Cowardice Tax is the tax did address a market failure.
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Five steps of production design
Answer: 1. Hypothesise 2.Build 3.Test 4.Launch 5.Monitor
Explanation: The five steps of Production Design are:
1. Hypothesise: Start by studying the customers to find out their needs.
2.Build: Design and create prototype and analyse them.
3.Test: Test you design and get feedback from team, family, friends and beta testers.
4.Launch: Launch your project when its ready.
5.Monitor: Get product feedbacks, customer support to monitor your design.
Michael puts $600 in a savings account that increases with a 5.25% interest compounded annually. Write a function that represents the amount of money in Michael's account and find how much money will Michael have in his account after 6 years if there are no withdrawals or deposits. Round to the nearest cent.
Answer:
FV = PV (1 + r) ^ n and $815.61
Explanation:
The amount of cash which will have accrued by a given date resulting from earlier single sum or period investments is known as the Future Value (FV) and represented by the following function :
FV = PV (1 + r) ^ n
where,
PV = Principle amount
r = interest rate
n = number of periods for which investment is to receive interest
Using the Function we can determine the amount Michael have in his account after 6 years :
FV = PV (1 + r) ^ n
= $600 x (1.0525) ^6
= $815.61
Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost $35 per person. Harrod earns a yearly salary of $52,000 and the 2 trainees earn $14.50 per hour each for a standard 40 hour work week. What were the total training costs?
Answer:
$1,232
Explanation:
the training costs include:
registration fees = $165 x 3 = $495
training materials = $35 x 3 = $105
trainees' wages = 2 x 8 x $14.50 = $232
Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400
total training cost = $1,232
Employees must be paid their normal salary when they attend training sessions.
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
To examine
the weekly payroll of all employees, one would look at the:
To examine the weekly payroll of all employees, one would look at the: d. payroll register.
What is the payroll register?The payroll register is a book or record that is used to fill in the details of all the employees and their payment logs. A record of this register is often kept in good condition in case of any future discrepancies that will have to be resolved.
A person who wants to examine the weekly payroll of all employees in an organization must be able to look at the payroll register to know what is obtainable. There, he would find the names of the employees, their job roles and payment record.
Options:
a. W-4
b. employee earnings record
c. W-2
d. payroll register.
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which company is the worst performing
There are many companies in various industries that could be considered the worst performing, depending on different factors such as financial performance, customer satisfaction, employee turnover rates, etc.
Can you please provide me with more context or specifics about the industry or sector you are referring to? Determining the worst performing company can be subjective and can vary based on different metrics such as stock price performance, financial indicators, industry comparisons, or other factors. It's important to conduct thorough research and analysis to make an accurate assessment.
If you're looking for information on the performance of a specific company, I recommend checking financial news websites, stock market analysis platforms, or consulting with financial professionals who can provide up-to-date information and insights on company performance.
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Give (2) examples how we deal with "Scarcity"
Answer:
Either increasing supply or lowering demand
Explanation:
increasing supply:
e.g. when less developed countries (LDCs) experience a famine or drought, other countries can supply food and/or water to them
lowering demand:
finding alternative solutions of the product (that have the same effect as the original product) or reducing the reasons for why there is a high demand
- e.g. crops not growing well due to weather/crop disease going around -> find a crop that is more resistant to the disease (reducing reasons for demand)
- e.g. rice field has an infestation -> not yielding enough rice to feed the population -> population feels hungry and other foods cannot help them feel full/sustain them -> find another crop to substitute, like yam or potatoes that are equally filling (alternative solutions)
but these two are pretty much the same so
also please note I don't take any courses on supply and demand other than geography so I might be completely wrong
(PLEASE ANSWER FAST!!) (19 POINTS)
One of the least important things you can do for yourself before you apply for a job is take an inventory of your skills and experiences.
A. True
B. False
. What information would be required to compute the risk-asset ratio under Basle I?
For calculating the risk-asset ratio under Basel I, it is necessary to determine the denominator and the numerator.
To compute the risk-asset ratio under Basel I, the following information is required:
Credit risk-weighted assets, which refer to assets with a risk weight of 0 percent or higher than that defined by Basel I
Operational risk-weighted assets, which are identified as a fixed percentage of gross income or total expenses by the bank.
Market risk-weighted assets, which are calculated by utilizing a standardized approach or an internal model approach.
For calculating the risk-asset ratio under Basel I, it is necessary to determine the denominator and the numerator. The denominator is a bank's total risk-weighted assets (RWAs), which include assets at 0% risk weight and those at higher risk weights. The numerator is the sum of the bank's Tier 1 and Tier 2 capital.
Risk-weighted assets are an important component of Basel I. As a result, accurate risk assessment and management are critical. These calculations provide information to assess a bank's capital requirements.
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Marigold Incasements manufactures protective cases for MP3 players. During November, the company’s workers clocked 820 more direct labor hours than the flexible budget amount of 25,040 hours to complete 101,800 cases for the Christmas season. All workers were paid $9. 31 per hour, which was $0. 49 less than the standard wage rate
Marigold Incasements' unfavorable direct labor efficiency variance for November is $7,634.20.
To calculate this variance, we will use the actual labor hours, flexible budget labor hours, and the standard wage rate.
The actual labor hours were 820 more than the flexible budget amount of 25,040 hours, resulting in a total of 25,860 hours. The standard wage rate was $9.31 per hour, which was $0.49 less than the original rate.
To find the direct labor efficiency variance, we will use the formula: (Actual labor hours - Flexible budget labor hours) x Standard wage rate. Plugging in the numbers, we get: (25,860 - 25,040) x $9.31 = 820 x $9.31 = $7,634.20. Since the actual labor hours were more than the flexible budget labor hours, the variance is unfavorable.
In conclusion, Marigold Incasements' unfavorable direct labor efficiency variance for November is $7,634.20.
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Complete question:
Marigold Incasements manufactures protective cases for MP3 players. During November, the company's workers clocked 820 more direct labor hours than the flexible budget amount of 25,040 hours to complete 101,800 cases for the Christmas season. All workers were paid $9.31 per hour, which was $0.49 less than the standard wage rate. Calculate Marigold's direct labor efficiency variance. (If variance is zero, select "Not Applicable" and enter O for the amounts.)
Unfavorable Direct labor efficiency variance:
charles, a self-employed real estate agent, attended a conference on the impact of some new building codes on real estate investments. his unreimbursed expenses were as follows:
Self-employed real estate agent Charles went to a conference on how new construction rules may affect real estate investments. These were his unreimbursed expenses: $150 for plane travel, $450 for registration fees, $75 for travel, and $125 for meals. Option D is correct.
Charles, as a self-employed real estate agent, can claim tax deductions for the unreimbursed expenses he incurred while attending the conference. These expenses can be categorized into registration fees, airfare, transportation, and meals.
To claim the deduction, Charles needs to use Schedule C (Form 1040) to report his business income and expenses. The expenses he incurred while attending the conference should be reported on line 17b (Other expenses).
For each of the expenses listed, Charles should keep records such as receipts, invoices, and credit card statements to support the deductions he claims. It's important to note that he cannot deduct expenses that were reimbursed by his employer or any other source.
In this case, Charles incurred a total of $1,850 in unreimbursed expenses related to attending the conference. To maximize his tax deduction, he should claim the full amount of these expenses on line 17b of his Schedule C. It's also worth noting that if Charles used his personal vehicle to travel to and from the conference, he can claim a deduction for the mileage using the standard mileage rate set by the IRS.
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Complete question:
Charles, a self-employed real estate agent, attended a conference on the impact of some new building codes on real estate investments. his unreimbursed expenses were as follows:
A) $500 for registration fees, $200 for airfare, $100 for transportation, and $150 for meals
B) $600 for registration fees, $100 for airfare, $50 for transportation, and $200 for meals
C) $400 for registration fees, $300 for airfare, $75 for transportation, and $100 for meals
D) $450 for registration fees, $150 for airfare, $75 for transportation, and $125 for meals
Town a is considering imposing a lump-sum tax of $300 on each hamburger stand in the town.
Assuming that the market for hamburgers is perfectly competitive, which of the following would occur?
In the scenario where Town A imposes a lump-sum tax of $300 on each hamburger stand, assuming a perfectly competitive market for hamburgers, the following would occur:
1. Short-run effect: Hamburger stand owners would face an increase in fixed costs due to the tax, leading to a higher break-even point. However, the market price of hamburgers and the output level would initially remain unchanged, as the lump-sum tax does not directly affect marginal costs.
2. Long-run effect: As fixed costs increase, some hamburger stands with lower profits may exit the market, reducing the overall supply of hamburgers. The reduced supply will cause the market price of hamburgers to rise, allowing the remaining stands to cover the tax burden. Market equilibrium will eventually be restored at a higher price and potentially lower output.
In summary, a lump-sum tax on hamburger stands in a perfectly competitive market may lead to an initial increase in fixed costs, possible market exits, and eventually higher prices for consumers.
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Betty has decided to donate some funds to her local community college. Betty would like to fund an endowment that will provide a scholarship of $25,000 each year in perpetuity (for a very long time),
Betty has decided to donate some funds to her local community college. Betty would like to fund an endowment that will provide a scholarship of $25,000 each year in perpetuity (for a very long time). An endowment refers to a fund set up by a foundation or nonprofit organization that uses the invested money to provide a perpetual stream of income to its recipients.
An endowment is meant to provide a reliable source of income, ensuring that the recipient organization can continue to provide the desired level of service even if future funding is unavailable. The local community college will receive a $25,000 scholarship each year in perpetuity through Betty's endowment fund. The principal amount of the endowment is invested, and the interest generated by the investment is used to finance the scholarship on an annual basis. Betty's donation to the community college is a great way to support the local community and ensure that students have access to a quality education regardless of their financial status. This donation will also have a long-term effect on the local community by helping to create a more educated workforce, improving economic conditions, and creating new opportunities for individuals to succeed in life.For more such questions on perpetuity
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how to politely remind your friend that they owe you money
When reminding your friend about owed money, choose an appropriate time and place, use a friendly and respectful tone, be direct and clear about the amount owed, offer options for repayment, and maintain open communication.
To politely remind your friend that they owe you money, follow these steps:
1. Choose the right time and place: Find a comfortable setting where you can talk privately without distractions. This will ensure a focused conversation.
2. Use a friendly and respectful tone: Begin the conversation by expressing appreciation for your friendship and mention that you understand if they forgot. Stay calm and avoid sounding accusatory.
3. Be direct and clear: Politely remind them of the amount they owe you and ask if they are ready to repay. You can mention the specific reason for the loan and emphasize the importance of settling the debt.
4. Offer options for repayment: If your friend is unable to pay the full amount immediately, suggest alternative options such as a payment plan or setting a specific deadline for repayment.
5. Maintain open communication: Throughout the conversation, listen to their perspective and be open to finding a solution that works for both parties. Remember that preserving the friendship is important.
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what was the main economic activity of the french?
Pharmaceuticals, manufacturing, and tourism are the three main sectors of France's diverse economy.
Briefing:-Despite maintaining a significant presence in industries like power, public transportation, and defense, the government has partially or entirely privatized several large corporations.
What are Paris's primary economic activities?Paris's economy is heavily centered on services and commerce: of the 390,480 businesses there, 80.6% are involved in trade, transportation, and a variety of services, compared to 6.5% in building, and only 3.8% in manufacturing.
What kind of business did the French and Indians conduct most frequently?Selling and trading animal furs (like beaver pelts). Native American tribes in North America were the primary focus of the French and Dutch colonists' fur trade.
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Which of the following expenses would be a good reason
to spend money from an emergency fund?
A.Buy new track shoes because they're in style.
B.Repair your laptop that you use for homework.
C.Upgrade your phone to the latest model.
D.Purchase concert tickets to see your favorite artist.
Answer:
here~w~
Explanation:
B. Repair your laptop that you use for homework
Expenses would be a good reason to spend money from an emergency fund is to repair the laptop that is used for the homework. Option B is correct.
What is emergency fund?The word “emergency fund” refers to money set aside for use in the event of a financial emergency.
An emergency fund is intended to promote financial stability by providing a safety net that may be used to cover unexpected expenses such as medical bills or substantial house repairs.
The emergency fund can be used for the emergency situation or some important condition, in the above case, the emergency fund is to repair the laptop.
Therefore, option B is correct.
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what should happen in the final steps of the performance management process? (select all that apply)
In the final steps of Performance management
Identify ways employees can make the most of their current strengths and address weaknesses.Provide consequences for achieving or failing to achieve performance outcomes.What do you mean by Performance management?
Performance management can be defined as an continuous process of communicating about job responsibilities, priorities, performance that helps in improving an individual performances. The good performance management can be counted as Planning, coaching, reviewing and rewarding.
Various types includes
Balanced Scorecard Objectives managementBudget-driven Business PlansTo know more about Performance management from the given link'
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Why is it important to be held accountable for your actions?
3 sentences
What does Boudreaux say is the purpose of having a savings account?
They allow for low income kids to become familiar with saving, and help them familiarwith financial institutions and the decisions that surround them. They can learn aboutthe possible challenges, and save money in order to work towards long-term goals.
Explanation:
mark me as brainliest thank you
Answer:
They allow for low income kids to become familiar with saving, and help them familiarwith financial institutions and the decisions that surround them. They can learn aboutthe possible challenges, and save money in order to work towards long-term goals.
Explanation:
QUESTION 1/10
Which of the following is the BEST reason to use cash for making purchases?
A. Knowing what you have spent your money on is simple.
C. Keeping track of how much you have spent is simple.
B. Splitting bills with friends is easier.
D. Getting more cash from an ATM machine is easy to do.
Answer:
A Knowing what you spent your money on is simple
On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease terms, Carlos pays 18 months’ rent ($18,000) in advance on December 1. How much can Carlos deduct for rent in 2021?
a. $12,000
b. $18,000
c. $1,000
d. $13,000
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is c.$1,000.
Rent in 2021When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
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what are some corrective actions (or recommendations) to strengthen Louis Vuitton’s business? provide a brief justification (or an evidence) to support your explanation (long answer)
Answer:
Louis Vuitton (LV) had the prolific year 2014 because it continued to grow, despite changes in its market environment. The company has been responsive in its strategies and has maintained a long-term future (LVMH 4). Nevertheless, the company continues to face competitive challenges in the luxury product market. It faces the challenge of sustaining its performance amid the growing difficulties in penetrating new markets and the improvement in the activities by rivals to target its dominant market segment. The company follows a differentiation strategy.
The overall strategies are taken by LV also lead to changes in the parent company, as LV is the main revenue contributor to the LVMH group. The company has to sell to three main customer segments without jeopardizing its reputation in any of them. The segments are absolute, aspirational, and accessible. The absolute segment is very critical of customer care, product quality, and overall brand reputation. It also has the widest variation in preferences in the main global markets of LV. Besides, it has a substantial demand that has forced LV to reconsider many of its decisions that could have affected its performance in this segment. The aspirational segment has mixed characteristics while the accessible segment is less critical to brands and, therefore, most prone to sway to the competition. All the customer segments are collectively influenced by a great brand and product innovation strategy that LV has been exploring in the past few years (LVMH 34-56). The European monetary problems are easing, which should present a good environment for growth in the market (LVMH 5).
Social
The company has relied on leaders brought in by its parent company LVMH. It has also relaxed its use of in-house production resources in the past to focus on outsourcing (LVMH 54-55). However, the decision was reversed to save the company’s brand. Another problem is that the personal luxury business is growing in different directions in separate markets that LV serves. Its biggest market continues to be China, Europe, Japan, and the United States. Its Chinese market characteristics are different from those of Europe and Japan. However, the company has to meet the challenges of these markets without seeming to abandon any of its quality standards for customer service and product development. For example, it cannot discount products or follow noncompany-owned distribution models even when such strategies would significantly lead to a rise in revenues in the respective markets. These issues include a balance of the values and heritage of Louis Vuitton. The company has a 150-year reputation that it has to uphold while responding to the modern challenges of the business (Mahbubani 4).
Technological
The company has a limited product range, and the main products are more than a century old. The leather bag collection and the trunks with a five number combination lock have been in production since the late nineteenth century. They can rely on this technological reputation to defend their market share and appeal to the absolute and aspirational customer segments that are fixated on getting true luxury regarding uniqueness, heritage, quality, and visibility. The product line allows LV to claim that it is offering the most beautiful specimens of French manufacturing (Mahbubani 2). The exclusivity of the designs and their ruggedness are reputations that help the LV brand to sell to existing and new luxury customers. Customers get information and look up things or exchange views online, which is the way they shop. The behavior shapes the direction that LV is taking when differentiating its experience online. The company is building a following in social media channels to improve interaction with its brand. The digital platforms also use new forms of advertising to different niches like soccer fans (LVMH 11).