FreshTec Essay Example | Topics and Well Written Essays - 2000 words

FreshTec - Essay Example The growers of fresh produce always compete against senescence. The growers have a tendency to harvest the fruits and vegetables before they are ripened in a proper manner. This in turn has a negative impact on the nutritional value and the quality of these fruits and vegetables. The loss of fruits and vegetables after harvest was an issue globally. The high content of water as well as the soft texture of the plants and vegetables increased the chances of physical injury. The fruits and vegetables were affected by the injury caused due to the extreme hot and cold temperature. This resulted in significant effects like rapid decay due to the freezing or high temperatures. Moreover, in the post harvest produce diseases are caused by bacteria and fungi. It is generally spread by various microscopic spores. As a result it is not often visible by the producers, packers and the retailers. The main purpose of fresh produce is to supply fresh food worldwide (Fresh Tec, 2011a). It has come up with the Smart Pac Systems solution to provide a solution to the aforementioned issue. Fresh Tec has come up with a technology which is distinguished from the other technologies because of its two aspects (Fresh Tec, 2011b). The effective way of exchanging heat from the box complied with that of the industry pressurized cooling has a positive impact on the fresh produce. It also has a natural oxidation purification system which cleans as well as sterilizes the produce while it is in transit. This technology will help to reduce the damage caused due to the environmental factors. The Passive Modified Atmosphere Packaging provided by Fresh Tec extends the life of the fresh produce. It also helps to pick the fresh produce after its ripening and deliver it to the customers with improved quality and cheaper means of transport. The natural oxidation system of Smart Pac has a food safety solution which is differentiated from that of the traditional MAP systems. The strict standards related to the quality, ripeness and food safety will help Fresh Tec to succeed in its purpose. However, there are some other factors which might act as a barrier to the success of Fresh Tec. One such barrier is the consumer switching costs. Moreover there is an increasing rivalry from the existing companies in the fresh produce industry. This arises mainly because of the price competition and high values of fixed costs. The increasing rivalry among the existing companies in the fresh produce industry can create a barrier in the success of the company. As already mentioned earlier, the rivalry among the existing companies in the fresh produce industry can act as a barrier to the success of Fresh Tec. The company hopes to attract and win the customers because of the quality, subsidiary servicing and brand imaging. The company needs to choose the right strategy in order to achieve competitive advantage over its competitors. The Smart Pac technology is a unique technology in the fresh produce transporting chain. Fresh Tec is having the advantage to lead the industry by effective utilization of this technology. The right strategy to acquire a leading position in the market is by implementing the Smart Pac techn

Discussion Week 1b Assignment Example | Topics and Well Written Essays - 250 words

Discussion Week 1b - Assignment Example The first written language of accounting systems constitutes the use of symbols in various memoranda such as goods and business ideals (Albu, 2013). In early Babylonia and ancient Egypt society, a number of stone transaction dated back to 3600 BC were recorded indicating the beginning of auditing in the past centuries (Stone, 2014). In Ancient Egypt and Babylon there are a lot of evidences indicating that the scribes were well educated and involved in finances systems, businesses, auditing, accounting and other inventory balances in the Pharaoh government. Scribes had the ability to do simple arithmetic’s, read and write various government revenues policies (Albu, 2013). In the early Persian civilization system, tax collection and finance auditing were done by the king empire agencies (Stone, 2014). Furthermore, in Hebrew civilization, the scribes involved in financial auditing for goods received by the king. A number of scholars also argued that the Ancient Greece society uses slaves in order to conduct and embrace accounting and auditing practices (Boyd, 2004). The Athens uses around ten accountants and checking clerks in tax collection as well as reporting income profits and government revenues to the general public (Stone, 2014). The Roman Empire also practiced a number of accounting procedures including the provision of checks, financial recordings as well as counter checks practices (Stone, 2014). In the Middle Ages accounting system decline but was later reestablished in many European countries. It is also clear from the articles that the private sectors also involved in auditing and accounting systems in early centuries. Accounting system was not properly recorded in the early civilizations but from the Middle Ages onwards most of the accounting systems were well recorded (Stone, 2014). Therefore, from these articles it is clear that accounting is one of