Title
Instructor’s Name
Institutional Affiliation
Date
GARRY HALPER MEANSWEAR LIMITED –A LOAN REQUEST FOR AN EXPORT ORDER CASE
Q1
Market mix: Since the Garry Halper Company wants to expand it had to increase its operation within the enterprise and outside the firm. It can be well done where the corporation decides to diversify the company’s products to a greater choice of the potential customers who are men. It is an indication that the working capital of the company will have to be increased or even doubled according to the extent of the expansion. Menswear was the primary product of the company but for expansion it had to introduce sportswear in 2012 that made about 12% sales which doubled the company’s sales in 2013 respectively, (Chew, 2010) By 2015, the word market for menswear was expected to be over 400 million with many quality designs regarding colors, fabrics and patterns. It will create a broader base for their market but impose substantial costs in production. It is an excellent opportunity for the coming year, and quite larger amounts of capital are needed for investment, (Chew, 2010).
Competition from other cheaper menswear producing firms that reduced the …show more content…
Provide high-quality products to the clients. Remain relevant by meeting customer orders and improving the quality of the suits with the changing customer needs and preferences. The companies quoted amounts of loans were reasonable about the collateral securities provided for them. The bank rates and prevailing market rates are not much varied. Hence, the company is well suited to operate and make consisted profits remain even viable before the eyes of the stakeholders. Monitoring of the financing was made easy and possible by surrendering the accounts receivables of the firm to the bank they intended to obtain credit from, (Silva & Weible,
Instructor’s Name
Institutional Affiliation
Date
GARRY HALPER MEANSWEAR LIMITED –A LOAN REQUEST FOR AN EXPORT ORDER CASE
Q1
Market mix: Since the Garry Halper Company wants to expand it had to increase its operation within the enterprise and outside the firm. It can be well done where the corporation decides to diversify the company’s products to a greater choice of the potential customers who are men. It is an indication that the working capital of the company will have to be increased or even doubled according to the extent of the expansion. Menswear was the primary product of the company but for expansion it had to introduce sportswear in 2012 that made about 12% sales which doubled the company’s sales in 2013 respectively, (Chew, 2010) By 2015, the word market for menswear was expected to be over 400 million with many quality designs regarding colors, fabrics and patterns. It will create a broader base for their market but impose substantial costs in production. It is an excellent opportunity for the coming year, and quite larger amounts of capital are needed for investment, (Chew, 2010).
Competition from other cheaper menswear producing firms that reduced the …show more content…
Provide high-quality products to the clients. Remain relevant by meeting customer orders and improving the quality of the suits with the changing customer needs and preferences. The companies quoted amounts of loans were reasonable about the collateral securities provided for them. The bank rates and prevailing market rates are not much varied. Hence, the company is well suited to operate and make consisted profits remain even viable before the eyes of the stakeholders. Monitoring of the financing was made easy and possible by surrendering the accounts receivables of the firm to the bank they intended to obtain credit from, (Silva & Weible,