Exercise 214: The Following Two-Page Purchase Agreement ✓ Solved
Exercrsv 214type The Following Two Page Nire Purchase Agree
Type the following two-page Nire Purchase Agreement on A4 paper with a top margin of 50 mm (2"). Use back of page one with reversed margins for page two.
THIS HIRE PURCHASE AGREEMENT BETWEEN SUPER PLUS LIMITED of Spanish Street Freetown (hereinafter called 'the Owner', which expression includes its successors in title and assigns) of the one part and ROY BRADFORD of Dusty Road Mountain Vic (hereinafter called 'the Hirer') of the other part WHEREBY the Hirer agrees to hire and the Owner agrees to let one Sharp twenty-six inches Colour Television with remote control and on-screen display Serial Number Y234 (called 'the goods') the cash sale being Three Dollars and the Hire Purchase Price being Three Thousand Seven Hundred Dollars upon the following terms and conditions:
1. THE HIRER will pay to the Owner the sum of One Thousand Dollars as down payment and the balance payable by ten monthly rents of Two Hundred and Seventy Dollars commencing the first of March and pay interest on any rent in arrears at the rate of ten percent per annum.
2. THE HIRER may pay off this contract in a shorter period by higher monthly rental than agreed, in which event a rebate will be granted.
3. THE HIRER may at any time terminate the hiring by returning the goods at his own expense to the Owner in good working order and condition.
4. THE GOODS shall remain the property of the Owner until the last and final installment is paid on or before the said period of hire, after which the Hirer shall become the owner of the goods.
5. IF after seventy percent of the Hire Purchase Price has been paid, unless the Hirer terminates the agreement, the Owner cannot repossess the goods without the Hirer's consent unless by an order of the court.
6. IF less than seventy percent of the Hire Purchase Price has been paid, unless the Hirer terminates the agreement, the Owner cannot repossess the goods without the Hirer's consent unless the Owner gives the Hirer twenty-one clear days' written notice of his intention to do so.
7. IF WITHIN the twenty-one clear days the Hirer pays the Owner all the amounts due at the date of the notice, the agreement will continue in force.
IN WITNESS whereof the said parties hereto have set their hands the day and year first hereinbefore written.
Signed by the said ROY BRADFORD in the presence of:
Signature of Witness: ____________________
Address: ____________________
Signed for and on behalf of SUPER PLUS LIMITED in the presence of:
Signature of Witness: ____________________
Signature of Hirer: ROY BRADFORD
Signature for and on behalf of SUPER PLUS LIMITED: ____________________
Paper For Above Instructions
PepsiCo is one of the world’s leading food and beverage companies, renowned for its diverse product range which includes not only its soft drinks but also snacks, juices, and other non-alcoholic beverages. This essay analyzes PepsiCo's corporate strategy and evaluates its various business segments as of 2018, focusing on the company's long-term attractiveness, competitive strength, strategic fit, resource fit, cash flow characteristics, and overall portfolio evaluation.
Corporate Strategy
In 2018, PepsiCo's corporate strategy revolved around innovation, brand diversification, sustainability, and expanding its global reach. The company aimed to not only maintain its dominance in the beverage industry but also enhance its snack food portfolio, thus achieving a balanced business model that minimizes reliance on any single product category. Moreover, sustainability initiatives were integrated into the company’s operations, focusing on reducing environmental impacts and promoting healthier product offerings (PepsiCo, 2018).
Business Strategies by Segment
PepsiCo's major business segments include Quaker Foods, North American Beverages, Frito-Lay North America, and Latin America and Europe Sub-Saharan Africa divisions.
1. Quaker Foods
Quaker Foods focused on healthy offerings, emphasizing whole grains and nutritional value. The segment capitalized on rising health trends through product innovations like ‘Quaker Oats’ and ready-to-eat cereals (Yahoo Finance, 2018).
2. North American Beverages
This segment, primarily focused on its carbonated soft drinks, adopted a strategy of reformulation to reduce sugar content while introducing new flavors. In addition, it embraced packaging innovations to enhance convenience and sustainability (Statista, 2018).
3. Frito-Lay North America
Frito-Lay maintained its stronghold in the snack market through continuous marketing, brand promotions, and a diverse product lineup, including healthier options to adapt to changing consumer preferences (IBISWorld, 2018).
4. Latin America and Europe Sub-Saharan Africa
PepsiCo leveraged growth opportunities in emerging markets by adjusting its product offerings to suit local tastes and preferences. This strategy included strategic acquisitions and partnerships to enhance market penetration and visibility (Forbes, 2018).
Industry Attractiveness Assessment
The long-term attractiveness of the industries represented in PepsiCo’s portfolio varies. The beverage industry is considered a mature market with significant competition; however, the rising health consciousness of consumers presents opportunities for innovation. The snack food sector is growing steadily, driven by innovation in flavors and healthier options. Emerging markets remain promising, while environmental and health regulations may pose challenges (MarketLine, 2018).
Competitive Strength of Business Units
PepsiCo’s competitive strength is reflected in its strong brand equity, a diversified product portfolio, and efficient distribution networks. Frito-Lay demonstrates significant strength due to its market leadership in North America, with the North American Beverages segment also enjoying strong brand recognition. Conversely, segments like Quaker Foods face challenges due to growing competition in the health foods sector (Business Insider, 2018).
9-Cell Industry Attractiveness/Business Strength Matrix
In a 9-cell matrix, PepsiCo’s units would be positioned based on their business strength and industry attractiveness:
- Strong Business Strength & High Industry Attractiveness: Frito-Lay North America
- Moderate Business Strength & High Industry Attractiveness: North American Beverages
- Strong Business Strength & Moderate Industry Attractiveness: Quaker Foods
- Moderate Business Strength & Moderate Industry Attractiveness: Latin America and Europe Sub-Saharan Africa
Strategic and Resource Fit
PepsiCo’s portfolio exhibits good strategic fit with valuable synergies across its brands, allowing for skills transfer, cost sharing, and cross-promotional opportunities. The company's strong supply chains provide a backbone for effective resource allocation and enhanced performance (McKinsey, 2018).
In terms of resource fit and cash flow, the strongest contributors to PepsiCo's free cash flows in 2018 were the Frito-Lay and North American Beverages segments. The Quaker Foods segment lagged, reflecting the need for further innovation to remain competitive (Reuters, 2018).
Overall Portfolio Evaluation
Overall, PepsiCo's business portfolio in 2018 provided shareholders with good opportunities for above-average market returns. The strategic initiatives targeting health-conscious consumers and the expansion into emerging markets positioned the company favorably for future growth (Yahoo Finance, 2018).
Conclusion
As PepsiCo moves forward, the company must navigate industry challenges while capitalizing on growth opportunities. Continuous innovation and adaptability will remain crucial in sustaining its market leadership and providing shareholders with significant returns.
References
- Business Insider. (2018). “PepsiCo's Competitive Strengths.” Retrieved from [link]
- Forbes. (2018). “PepsiCo's Global Strategy.” Retrieved from [link]
- IBISWorld. (2018). “Market Research Report: Snack Food Production in the US.” Retrieved from [link]
- MarketLine. (2018). “Industry Analysis: Beverages.” Retrieved from [link]
- McKinsey. (2018). “The Future of Food: The Global Future.” Retrieved from [link]
- PepsiCo. (2018). “Annual Report.” Retrieved from [link]
- Reuters. (2018). “PepsiCo's Financial Performance.” Retrieved from [link]
- Statista. (2018). “Soft Drink Market Overview.” Retrieved from [link]
- Yahoo Finance. (2018). “PepsiCo’s Strategy Overview.” Retrieved from [link]