emulation Bikes, Inc. makes bicycles for professional and other highly everlasting(a) riders who compete in bike races, biathlons, and triathlons. Sixty percent of each race winners have been victorious using a Competition Bikes, Inc. bicycle when at least ten percent of the entrants were in any case using a Competition Bikes, Inc. bicycle. This extraordinary success value consistently is a topic of conversation among racers and this word of gumshield advertising has been effective in promoting sales. The company as well uses these statistics to drive sales, although its advertising efforts have been quite limited.
The Main Competitor
cardinal stray Racing, Inc. is the only other manufacturer that offers a competitive mathematical product in this market space. Their product weighs only a a few(prenominal) ounces more than the bikes made by Competition Bikes, Inc. but twain Wheel Racing builds a chain driven product. Two Wheel Racing, Inc is also a publicly traded company. Their financial ratios be provided for comparison and analysis.
THE COMPANY AND ITS CENTRAL OPERATIONS
Ownership History:
Larry Ferguson form the company in 2001 in his garage. An avid racer, Larry often perceive comments from other riders about how heavy and unreliable their bikes were.
Larry identified and desire to remedy this market niche by creating a alter product that would satisfy the needs of racers. His new company also proved to be a vehicle for financial success. archaeozoic success prompted Larry to take the company public after triple years in order to acquire sufficient dandy to build the two current manufacturing facilities. His bikes enjoyed high demand and safe profit margins. Larry continues to be the CEO of the Competition Bikes, Inc. and retains a 40% interest of company shares.
Standard Company Procedures for Operations
Each of the manufacturing locations for Competition Bikes, Inc. uses operating procedures based on department and function, as applicable. The undermentioned is an excerpt...If you want to get a full essay, order it on our website: Ordercustompaper.com
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