Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Audience: BoD Purpose: Bottle return policy Intro: what is happening can be describe here Environmental concerns may hit the business sustainability : Recent negative publicity
Audience: BoD
Purpose: Bottle return policy
Intro: what is happening can be describe here
Environmental concerns may hit the business sustainability:
- Recent negative publicity on plastic bottles usage:New paper images, govt's concern.
- Repercussion of negative publicity:possible regulatory implications can be discussed on this.
- How it may affect numbers?Loss in revenues etc can be discussed here
What are the alternate solutions and cost analysis?
- Alternate solutions:Glass bottles, bottle return policy and other solutions can be discussed here.
- Costing and feasibility of alternate solutions: based on raw material availability, volatility in costs
- Margin analysis:(for each solutions margins can be calculated and highest margin solution can be selected)
Why bottle return policy is the best solution:
- First-mover advantage:gain in market share, credibility and better brand image can be discussed here.
- Environmental safety:how it will affect the landfills, lower pollution etc
- Impact on business:overall impact can be discussed here with extra costs and additional market share gain due to better brand image and first-mover advantage.
Conclusion: A broader conclusion can be provided using the above points e.g. possible repercussions, revenue loss, extra cost, brand image etc.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started