timing of when those resources will be needed (AICPA, 2015).
To audit Home Depot, it is important first to determine what the scope will be, as this will help to determine the resource requirements. A preliminary meeting with the company will help to determine this -- for example is it necessary to visit stores? Conduct inventory? Talk to Canadian HQ? Or is a visit to the main corporate HQ sufficient? Getting the contact information of the key people within the company will be key to this part of the process. Once the scope is determined, then the company can start thinking about… Continue Reading...
is B2C. This is seen a lot when looking at firms like Home Depot, Lowe's and HomeGoods, just to name a few, selling goods to consumers. However, B2B and C2C is also rather pervasive and the emergence of mobile commerce has only advanced and expanded that. B2B is manifested in the form of companies that sell products in retail stores or on the websites for the same. Before those goods are put on shelves for consumers to pick from, they have to be bought from the companies that make and market them. For example, when Kobalt sells a wrench set to Home… Continue Reading...
such as Target, Costco, The Kroger Co. and the Home Depot. Another aspect of having a competitive edge over rival companies is the fact that consumers are a large part of the retail business and therefore the company as to constantly reinvent itself in order to cater to incessantly changing consumer preferences and inclinations (Farfan, 2016).
Demand Management
In accordance to Mentzer, Myers, & Stank (2007), forecast ought to be motivated and steered by the actualities of the marketplaces and not the financial necessities of the company. A company that is efficacious at forecasting its sales and also in… Continue Reading...
competitors include, but they are not limited to, Wal-Mart and Home Depot.
Resources
In basic terms, Costco’s tangible resources are inclusive of some of its current assets as well as fixed assets. More specifically, the company’s fixed assets as per its most recent financial statements (i.e. for the year ended September 2018) are inclusive of: land (6,193 million); buildings and improvements (16.1 billion); equipment and fixtures (7.2 billion); and construction in progress (1.1 billion). The company’s inventory, on the other hand, is indicated as 11 billion.
The company’s intangible ‘resources are inclusive of all of its assets that do not… Continue Reading...
