BUS 343 Chapter Notes -Variable Cost, Fixed Cost, Eilistraee
5 Dec 2014
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Situational analysis: environments, internal environment, external environment, insights. Simon fraser company (sfc) as a private company started its trading operations in: sfc has accumulated a certain amount of profit and reputation up to 2013. Also, based on the analysis of the external environment, sfc has noticed the trend of internet of things (iot). It plan to invest in iot to follow the trend and try to earn profit from this market. Profits are not expected in the 1st year, but increases in market and profit in the 2nd year. Since sfc"s primary business is in importing such building supplies as tiles for british. Columbia house builders and contractors, we are going to invent a smart doorbell which relates to the building supplies to some extent. To differentiate sfc"s products with these existing competitors in wearable tech industry, our smart doorbell will have a special fingerprint recognition function.
