Analysis of Zircon Cars Company Essay Example | Topics and Well Written Essays - 3000 words

Analysis of Zircon Cars Company - Essay Example The essay "Analysis of Zircon Cars Company" analyzes if it is profitable to acquire the Korean Composites Company as Zircon Cars is contemplating on reducing its production costs. The diversification finance concept dictates it is advantageous to invest in several market segments, including investing in the new Korean fibre body shell market segment. On market’s profitability will reduce the risk of losses in another market. The above table 6 shows the combined financial report for two segments. The combined report is based on the 2016 accounting period. The United Kingdom is one of the chosen Zircon Cars market segments. The United Kingdom Zircon Cars market segment sales is  £113,100,000 and the Korean Composites global fibre body shell market segment generated 48,140,000,000 Korean Won Currency amount. The conversion or translation of the Korean currency to the United Kingdom currency, British Pound. The sales amount of the Korean Composites Company for 2016 is  £28,407,548.59. Combining the 2016 accounting period sales of both the Zircon Cars’ United Kingdom market segment and the Korean company’s sales, the total sales figure is  £141,507,548.59. Also the United Kingdom Zircon Cars market segment income before tax deduction is  £ 22,857,510 and the Korean Composites global fibre body shell market segment produced 9,621,706,787.40 Korean Won Currency amount income before tax deduction amount. There is the same conversion of the Korean currency to the United Kingdom currency, British Pound.

Pharmacy Essay Example | Topics and Well Written Essays - 1750 words

Pharmacy - Essay Example The differentiation of these departments is to make management easier and also to establish quality in control and offering standard services. Minimizing risks in the hospitals is important as it improves the safety, security and the welfare of the patients. Safety in hospitals is an assurance of better services to potential customers and the staff. Risk and quality management in hospitals is important and should be effected timely to make the running of hospitals smooth. The primary purpose of risk and quality management in the healthcare is to improve the quality and efficiency of health care. Risk management itself is important in hospitals is important as it helps control risks and improve the chances of achieving set objectives by the management. Quality management as its name suggests is effective in establishing standards of operations related to hospitals. Quality management aims at achieving customer satisfactions and reducing the number of reported complaints. It will in turn will improve the image of the hospital and place it at a better position in business. The purpose of risk management in relation to the hospital is to gear all operations in order to achieve the objectives. A hospital can target to purchase new equipment at a certain set date. It will be the duty of the management to determine the source of funds for the purchase and in turn finance the operation to achieve its objectives. The preparation to achieve objectives is what is being referred to as risk management. The purpose of quality management, on the other hand, is to maintain operation standards and ethics. Quality management mainly focuses on quality service delivery and customer satisfaction. Although there are variations between quality and risk, all address the issue of change and improvement. Concepts of risk and quality management in the hospital are established in order to enable proper and timely