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Kudler fine foods concentration
1. Running head: KUDLER FINE FOODS CONCENTRATION 1
Kudler Fine Foods Concentration
Fredrick Harris
MGT/521
September 25, 2010
Dr. Suzanne Cherry
2. KUDLER FINE FOODS CONCENTRATION 2
Kudler Fine Foods Concentration
Kudler Fine Foods is well known as a respectable gourmet grocery store with their exotic
foods and specialties they provide to their customers. Kudler Fine Foods can improve in several
areas of the business venture to become an outstanding company. The area that Kudler is well
diverse in is their ordering and inventory. Although the company discards at least 12% in
inventory every week, Kathy Kudleradapted in making new orders and purchases. The
concentration this falls in would be economics. The economics portal within Kudler Fine Foods
in demand and supply were not visible because of her decision to forbidthe use of preservatives
in her products. In order for Kudler Fine Foods to maximize their profits in demand and supply,
her customers would have to repurchase goods every two or three days. Economics is the “social
science that analyzes the production, distribution and consumption of goods and services”
(Nickels, Mchugh, &Mchugh, 2008, p. 3).
The production and consumption of materials that Kudler Fine Foods distribute does not
fall with the circular flow of quantity demanded. This led Kudler Fine Foods to be operated in a
short run management environment with accelerating vision for expansion. Understanding
demand and supply is an area that is of interest. If individuals could comprehend and predict how
supply and demand will be forecasted, not only will his or her knowledge be of instrumental
value but their business as well.
Another area of interest withinKudler Fine Foods concerning concentration is their
accounting department. The company strategic plan along with the company virtual organization
plan was in absolute chaos and not withstanding to be presented by any organizational official.
Understanding that a person want to implement a strategic plan however, all information has to
3. KUDLER FINE FOODS CONCENTRATION 3
be accepted and documented. For a firm to want a strategic plan, first they would want to know
when the last time an audit was complete on their business. Accountants are detail oriented and
very thorough in all they do and demonstrate in detailing financial positions of an organization or
firm.
Economics and Accounting are the two areas that develop the best interest in Kudlar Fine
Foods although business statistics plays an important role in all they do. Business statistics in
Kudler Fine Foods is the key factor in determining where their next business will be located as
well as their decision-making abilities. Strategic analysis and surveys dictate every avenue of
approach in determining whether a business will succeed or fail. Kudler Fine Foods realized with
the Del Mar store their economic profit would never surpass the opportunity cost to operate that
business.
Kudler Fine Foods is a business that is doing very well and like all business can be
improve upon. Finances are an area in which no business can ignore or not improve upon. Kudler
Fine Foods demonstrated the time value of money lack thereof with hiring an intern to
implement a strategic plan. Kathy Kudler understanding and knowledge in the value of an
organization asset is critical in forecasting and structuring for future operations and investments.
The area that Kudler Fine Foods demonstrated passion for was their finances.
4. KUDLER FINE FOODS CONCENTRATION 4
Reference
Mchugh, J., Mchugh, S.& Nickels, W., (2008).Understanding business.
Retrieved from University of Phoenix eBook Collection database
University of Phoenix. (2003). Kudler fine foods: strategic plan. Retrieved from
University of Phoenix, MGT-521 - Management website.