Use the table above to proofread the following items and correct them as needed. A. Please address
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A. Please address correspondence to the following address: General Mills, PO Box 1493, Minneapolis, MI.
B. The annually salary for General Mills CEO is higher than that of Kellogg Companys CEO by approximately $400 thousand.
C. With nearly half of their net sales to Wal-Mart, General Mills and Kellogg Company are extremely dependent on a single retailer.
D. General Mills has six childrens cereals with NPI rankings below 40, whereas Kelloggs has just three.
E. General Mills spends approximately 8.1 percent of its total revenues on advertising, whereas Kellogg Company spends roughly 8.8 percent of its total revenues on advertising.
F. Kelloggs childrens cereals are the least nutritious cereals in the industry.
G. Since only about one in four boxes of cereal is sold without deals of some kind, cereal producers must constantly market new and exciting discounts and coupons.
H. General Mills reached $1.5 million in yogurt sales last year.
I. One of Kellogg Companys worst negative publicity resulted from ammonia leaks at some its manufacturing facilities.
J. The United States cereal market accounts for approximately 35.1 percent of the world market.
Other statistics about the breakfast cereal industry:
Approximately two-thirds of all cereals are sold with a deal (discounts, coupons).
The total cereal market in the United States is approximately $9 billion.
Gross profit margins in the breakfast cereal industry average between 40% and 45%.
The global cereal market is approximately $28.7 billion.
The ten cereals most marketed on TV to children are the following (company and percentage of sugar content displayed in parentheses):
1. Cinnamon Toast Crunch (GM, 33%); 2, Honey Nut Cheerios (GM; 32%); 3, Lucky Charms (GM; 41%); 4. Cocoa Puffs (GM; 44%); 5. Trix (GM; 38%); 6. Frosted Flakes (K; 37%); 7. Fruity and Cocoa Pebbles (Post; 37%); 8. Reesses Puffs (GM; 41%); 9. Corn Pops (K; 41%); 10. Froot Loops (K; 41%).
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Related Book For
Business Communication Developing Leaders for a Networked World
ISBN: 978-9814714655
2nd edition
Authors: Peter Cardon
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