Slavory in the Chocolate Industry

e) Maintenance contracts - Maintenance costs should be included as incremental cash flows because they could change the NPV of the project if the maintenance costs are significantly different for each of the different projects.

During the time frame of 1450-1750, the Columbian Exchange was at its height of power and influence. Many products were introduced from foreign lands, like animals such as cattle, chickens, and horse, and agriculture such as potatoes, bananas, and avocados. Diseases also became widespread and persisted to distant lands where it wreaked devastation upon the non-immunized people. One such influential product during this time period was the cacao, or more commonly known as chocolate. First discovered and used in the Americas, cacao beans quickly traveled to and became a popular treat in European lands. It was valuable in the New World and even used as a currency by the Aztecs. Only the rich and privileged

People are not prone to agree with one another. If you gather a dozen people together for a dinner party and the subject turns to politics or religion, then there is inevitably going to be an argument. There is one thing, however, that there is a near universal consensus on: chocolate is a wonderful and delicious thing.

1. Should labor practices in another country be a relevant consideration in international trade? Why or why not?

Their biggest competitors in the overall chocolate industry are regional companies because Roger’s is relatively focused in a small area, but not all of these companies offer the high end chocolates like Roger’s. There are also only a handful of big chocolate companies, like Nestle and Ghirardelli, that they compete with outside of their local regions. This presents a very good opportunity for Roger’s to increase market exposure and increase their sales and profit potentials.

Another research method that is presented is unrepresented bias. Unrepresented bias is when the participants of the study do not represent an accurate population. In the first study, Dr. Sarpal surveyed only cyclists. As a result, most cyclists rewarded themselves by eating chocolate, which increased their motivation to do the task. Being cyclists, they are already considered “good” at the task, therefore they will have better results and most likely they do not need the added incentive of chocolate to improve, though it is not unwelcomed. In the second study, the group was made up of volunteers, most of which were not cyclists, and only half of them were receiving chocolate; this was their major motivator. They had nothing to gain out of performing

The basic characteristics of the marketing concept that could be identified in Clare’s Chocolates are as follows:

Its value is that they will be caring and considerate of their employees, customers, suppliers, shareholders, the community and the environment by showing respect to each other and valuing diversity, working together to achieve a safe, friendly and positive working environment, setting clear expectations, recognising contribution and developing their people, leading by example and taking responsibility for their actions, communicating clearly, inclusively, honestly and in a timely manner, having pride in their product and passion for the business, its heritage and its future and contributing to the community through corporate benevolence and environmentally sustainable practices (Haigh's Chocolates).

Opening a facility in Kentucky allows the company to ship their products to the Scharffen Berger retail stores located in New York City (Upper West Side and Greenwich Village), and other upscale department and retailers, such as Trader Joes, located throughout the United States. This will save transit time and freight costs substantially[2] .as compared to shipping directly from California to the stores. In a cost comparison researched showed that there was a delta of $4,167.43 when shipping from the West Coast facility to New York compared to shipping from the East Coast facility to New York. This opportunity to reduce transit time can ensure the integrity of the chocolate to conceal the freshness. With a new

As stated in the description of the Conche activity: 1.400kg of semisweet chocolate contains 850kg of nibs, in other words, 1kg of semi sweet chocolate  850/1400=0,6071kg of nibs

‘’organisations exist and function within society and consequently are subject to a variety of social influences. These influences, which include demography, social class and culture, can change over time and affect both the demand and supply side of the economy. Marketing organisations recognise and make use of these factors when segmenting markets for consumer goods and service’’ Worthington, I (2009) p.135.

The industry that I chose is the chocolate industry. Growing up in Pennsylvania the Hershey Company is well know throughout the state and is a factory I have visited on multiple occasions. While the chocolate tycoon has made some negative headlines over the past few years with outsourcing and layoffs, they have done a good share of philanthropy work for the state and the Dauphin County area.

Chocolate, as one of the most popular sweets around the world, not only satisfies people’s taste, but also provides a means of living for many countries. Ghana is an African country that lived upon its cocoa industry. Cocoa tree was introduced to the Ghana accidentally by a man named Tetteh Quarshie after his trip to Spain in the late nineteenth century (Off 96-97). Because of the increasing international demand for chocolate, the cocoa farmers in Ghana soon benefited from the cocoa trade (Off 97). By 1920, Ghana“ became the world’s leading cocoa bean exporter” (Off 98). The booming cocoa industry brought considerable wealth to Ghanaian cocoa farmers that they could build new houses and roads (Ryan 10). However, the cocoa industry in Ghana was not always

The unique selling point of Hazoorilal is providing elegant jewelry to women. Its tag line focusses not only on the Indian culture but also on the legacy which it has been carrying since 1952. It is positioned as someone which shows importance of heritage, style and innovation to its customers. Yet the designs are Indian but they give an outlook of international sensibility.

Although the cocoa farm owners make tons of money, they still pay their workers under $2 a day. This is way below the poverty line. As a result, child labor becomes the practical answer for poor families who work at these farms. There are two main ways how parents willingly make their children work at these farms. One is that they need more workers so they make their children help them. Another way is that the owners of these farms tell the parents to sell their kid to them. They say that it is easy work and they get food and an education. They then make them work from 4 A.M. to 4 P.M. This is a 12 hour work day for children. They usually are not able to break the poverty system because they are not educated. They sleep on wooden planks and are fed mashed corn with bread in limited amounts.