In the current corporate arena, the pissed decline of business has been evident with company closures, loss of jobs, and foreclosures on properties. For a business to survive in such a harsh environment, a sound business plan is infallible along with knowledge of the marketplace and the needs of consumers (The U.S. Small line of business Administration, 2012). A company also needs to review trading operations to ensure its processes are efficient and cost effective. As a business expands and ages, it requires updating equipment that integrates advanced technology. The proposed plan for financing new-fangled equipment and technology will reduce costs, increase product everlasting(a) margins, and maximize opportunities for dividends.
Executive Summary
Tootsie Roll Industries, Inc. (TRI) has manufactured and exchange confectionary products for over 100 years. The confectionary products include brand names, such as Tootsie Roll, Tootsie Roll Pops, Blow Pops, Junior Mints, Sugar Babies, and Dubble Bubble (Kimmel, Weygandt, & angstromere; Kieso, 2009). The company believes in retaining competent persons to perform superior work, maintaining a professional and friendly environment, and fostering good employee and management dealings to further the success of TRI (Kimmel, Weygandt, & Kieso, 2009).
The operation is continually reviewed to obliterate waste, reduce expenses, and strengthen operations and controls as deemed necessary. The organization enjoys an pick up as a value-branded confectioner that passes its savings to the customer (Kimmel, Weygandt, & Kieso (2009). To deliver the best quality product, the company invests in modifyd equipment to maximize production efficiencies. To continue to maintain its positive marketplace chain of mountains to consumers and vendors, TRI will use the loan proceeds to further update equipment and incorporate advanced technology.
Loan Justification
TRI products have captured a large(p) customer base for many years. Although no...If you want to get a full essay, order it on our website: Ordercustompaper.com
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