What are Nordstrom's greatest risks, and who are its biggest competitors? Nordstrom's greatest risks include an inability to distinguish itself from other retail offers.
Describe 2-3 areas of auditing risk in a retail business one might feel do not have sufficient controls. Explain what risks the organization faces by allowing these items to continue in their current form. 2. Using the 2-3 risk areas identified in question #1, explain the control procedures you would recommend establishing to mitigate the risk. Go on to explain the audit process you would use to audit each of your proposed solutions.
The two biggest risks in retail auditing are the two biggest operational functions/areas for retail stores. 1) their biggest asset, which is inventory, and 2) cash Because inventory is their biggest (and many times, their only) asset, it is highly
Apple closely studies the consumers to understand what they want and then accordingly make the products. Its products are a result of both extensive research and strong design. This leads to high customer-satisfaction rates.
Once this is performed and the results assessed, the company that poses the greatest threat to the business model in its short and long-term strategies will be the company's biggest competitor.
What are its biggest competitive advantages? The main competitive advantages that McDonald's enjoys are its high brand recognition. The brand has become a symbol of standard quality and well recognized products.
In many cases, security threats such as viruses and malwares are attached on those files which are unknown to the one who downloads them. Opening these files causes infection and invasion of the system from hackers and intruders.
The company has competitors who sell similar products and its largest competitor, Adidas, is a global leader in footwear for soccer players.
References: http://www.microsoft.com/en-in/default.aspx http://www.zdnet.com/pictures/microsofts-greatest-controversies-and-biggest-foul-ups/ http://nraomtr.blogspot.in/2014/11/role-of-finance-managers-in-enterprise.html This solution explains the
What currency risks does Huaneng face? ANSWER. The biggest problem for HPI is that its debt is denominated in dollars whereas its revenues are both denominated and determined in yuan.
The strategies used for mitigating the risks discussed above are the multinational firm should judiciously select its markets, and manufacturing locations.