Guillermo Furniture Store Concepts Paper

Guillermo Furniture Store Concepts Paper - Guillermo...

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Guillermo Furniture Store Concepts Paper Guillermo Furniture Store is a company that manufacturers furniture in Mexico. The store is owned by Mr. Guillermo Navallez. The location of the store is prime, in that Mr. Navallez can take advantage of cheap labor, cheap housing, and an ideal weather situation. For a very long time, Guillermo Furniture Store had few competitors, which allowed him to utilize a high markup percentage. This is not the case presently. Guillermo now has two competitors that combined forces and has hurt his business financially. Mr. Navallez must decide what is best for his business financially. In order to make proper decisions for his business, he needs to create several forecasts to determine the proper amount of cash flow, the amount of products he needs to sell and make, also the amount of overhead he can carry. Forecasting is an essential tool every company needs to utilize. This tool is basically planning financially. It can help determine deadlines and several pieces of important financial information. Now that Guillermo Furniture has stiff competition, Mr. Navallez must focus on the competitive economic advantage of his company. “A company’s competitive advantage
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This note was uploaded on 03/24/2010 for the course ACC 561 taught by Professor Cole during the Spring '09 term at University of Phoenix.

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Guillermo Furniture Store Concepts Paper - Guillermo...

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