Case Study Marketing: Nyquil

Contextual analysis Marketing: Nyquil Nyquil is a brand of over the counter medication delivered by Vicks, which is a division of the Procter and Gamble Company. This medication comes in type of syrup and fluid cases and tablets that are utilized to for the treatment of a wide scope of cold side effects. Showcasing of Nyquil is done both in the local market and globally by the Procter and bet through it Vicks auxiliary that it purchased from Richardson Vicks in 2005.Vicks is known world broadly for its advertising of marked purchaser human services items. Before its securing by PG the Vicks Company had in excess of thirty auxiliaries everywhere throughout the world some of which were procured by PG as well. One of them is the India Richardson Hindustan Limited (RVL) Company that has extraordinarily contributed in the assembling and appropriation of the Nyquil medicate (Richardson Vicks Inc. (RVI)).Nyquil is the main medication suggested by drug specialists for evening alleviation of cold among grown-ups and it is accessible in excess of 70 nations inside five mainlands where its appropriated by shifted PG merchants. Medication wholesalers in drug stores, government and private emergency clinic and pharmaceutical organizations get their Nyquil drugs transported to their nations with the by the fabricates and the Subsidiaries of PG pharmaceutical items. This physical dissemination of the medication is done through an efficient gracefully chain that spreads from the assembling to the shopper. The buying of this medication should either be possible by genuinely visiting the pharmaceutical organizations or by setting on the web offers through site like Amazon.com and Vicks.com Some pharmaceutical organizations that dont produce the Nyquil tranquilize go about as the appropriation places by purchasing the medication in mass from Vicks organization and other pharmaceutical related with PG and they repackage it with bearing and consent from the producer. Such organizations utilize deals specialists who sell the medication either straightforwardly or through the web. They advertise Nyquil to the wholesalers, private purchasers, medical clinics and here and there to chose retail vendors. The wholesalers purchase from such organizations, break the mass and redistribute the medication to the retail dealers in drug stores and little private clinics. This multi channel conveyance of Nyquil has made it simple to send out the medication to different markets everywhere throughout the world. The showcasing of the Nyquil tranquilize has for the longest of time been helped by its image quality. Notice Nyquil to any American and they will comprehend what you are taking about. Truth be told it could similarly qualify as the most mishandled cold over the counter medication since it has a steadying impact on its client. Broad TV radio and print promotion have made item mindfulness and made perfect market presentation for the medication. The fluid variety of Nyquil was tried without precedent for 1966, and formally propelled into the market in 1968 with a few TV and magazine notice and proposal from the clinical world. Thus, Procter and Gamble utilized $ 17 million dollars to advance fluid Nyquil during its dispatch in 1980(New York Magazine 12 Vol. 24, No. 38) Further more, Nyquil has become a typical name to most house holds in American families and its the for the most part suggested over the counter medication for curing cold manifestations. Its trademark that considers it The evening, wheezing, sniffling, hacking, throbbing, best-rest you-at any point got-with-a-cool medication is an eye catcher for anybody showing the referenced side effects of a virus. With this motto comes a rundown of Nyquil variety, each custom fitted to the various plans on offer. Progressively over the Nyquil Liquid prescription is accessible in scopes of the Soothing Original, Soothing Cherry, and Vanilla Cherry Swirl. The soonest advertising of Nyquil additionally made a specialty showcase for it as the greatest evening time ease for cold since it has a fixing that makes somebody lazy and assist him with dozing tranquil. This nature of Nyquil was recently scrutinized by the individuals who didnt need to utilize a virus cure with the goal of resting right away. To keep up the medications specialty and hold her clients Vicks organization thought of Dayquil, a daytime partner of Nyquil which doesn't contain the calming fixings or liquor that is found in Nyquil. In this manner, Procter and bet s ready to fulfill both the day time and evening time shoppers of compelling virus cure. Another showcasing technique utilized in the promoting of Nyquil is the utilization of Nyquil Coupons. This coupons which are appropriated by either Procter and Gamble Sunday News Circular enhancement called PG Brand Saver, from the doctors and allergists, week by week round of drug stores like Walgreens and CVS or in outsider Coupon Sites like Coupon.Com.These coupons empowers to one purchase Nyquil prescription at a limited rate during a recurrent buy and are attempting to pull in and support rehash purchasers of the item. To make it simpler for clients the coupons are accessible in clippable and printable online structure, thus any individual can get to them (Pharmacy Drug Guide.com). Another advancement methodology that was propelled for this item in 2009 was the utilization of online networking Facebook.According to the a client survey the most appealing thing about the Nyquil face book page was that the early on language utilized in it didn't attempt to get you directly to the item yet first informed you concerning the page itself specifying the developing number of its fans so as to cause somebody to feel like he was passing up something. During a similar period it had a free Nyquil T-shirt offer for the Nyquil clients who posted the best quiet resting photographs indicated to have been taken after one had taken Nyquil for their virus. As indicated by another blogger, it took just 7 days for the quantity of Nyquil fans to develop from 30199 to 95,125 and in the following twenty four hours they had developed to a hundred thousand. This sort of advertising has made a broad presentation to the item and intrigued purchasers from everywhere throughout the world can undoubtedly get to data on it. As a result, the methodology has helped in making wide spread item information and in beating the regular misinterpretations that contender once in a while spread about the item. Other than face book, advertisers at PG utilize various Websites to promote their item. For example, Vicks.com is a site that gives item data on all the varieties of Nyquil prescription and any advancements associated with its buy and where to search for it. For example, on the Nyquil and Dayquil item data page there is data on the accessibility of Combo bundles of the medication and on the advancement page there is a limited time advert that requests that somebody Search Nyquil on face book to enter the Vicks Nyquil/Dayquil look for the most committed NFL fan. The Promotion get line is In the NFL there are no days off. Such limited time exercises are planned for engaging the medication to the NFL fans (Vicks.com). The advertisers of Nyquil have likewise been known to showcase the item through production of its interest. This sort of promoting plays on human brain research by utilizing words that are appealing to the shopper. Most Nyquil promotions Market it as a drug that that work while an individual is resting. This is deciphered to imply that it doesn't meddle with a people daytime plan. This evening time advance joined with the reality Nyquil tablet comes in Tablet and container structure as well as in fluid structure helped increment the interest for the item. Fundamentally there front Nyquil is seen as the most powerful cool drug. This is a force approach that encourages in drawing in shoppers to the item without the maker pushing them to do as such. Despite the fact that NyQuil contains 25% liquor this cure has become the gold characteristic of cold prescription. Be that as it may, the variety of Nyquil given to youngsters just come in syrup structure and doesn't contain any liquor. With regards to client care, PG targets giving the best to her Nyquil clients who are spread everywhere throughout the world. The assignment of taking care of such a large number of clients can be a significant strategic weight and labor weight to one organization. There front, PG for the most part out-sources the client care administration from Public Relation specialists on contract premise. This additional assistance supplements and assists with working up the client aptitudes showed by PG faculties. For example on June 30th, 2003 the organization redistributed the client care skill of Syke Enterprises Incorporated on a multi year contract at an expense of 70 million. Sykes, a reknown monster in arrangement of client care administrations was to give client care the board administrations and help give answer for the P G buyer issue and help spare expense. Section 2 In spite of the fact that the above promoting techniques have helped open the business doors for Nyquil some of them have accomplished diminishing manageability. For example, at times PG has been blamed for taking part in unlawful advertising techniques in the advancement of Nyquil. Model was in the late 2009 when PG got itself under the investigation of the Federal Drug Administration (FDA) for illicitly touting two Vicks marked over-the - counter medications, Vicks Nyquil in addition to nutrient C and its day time partner Vicks daytime in addition to nutrient C as both a prescription for cold just as a dietary enhancements. The promoting language utilized on this medications said that they worked by joining the amazing multi side effect alleviation of Dayquil with over 150% of the suggested estimation of nutrient. This was done as a promoting procedure during the hour of a pig influenza pestilence yet FDA guaranteed that there isnt very much investigated and confirmed material that shows nutrient C helps in counteraction of colds. Thus, the organization was given 15 days to revise the infringement (Straczynski). Market contenders of Nyquil have likewise investigated the utilization of liquor as a fixing to the medication. This has prompted the wild maltreatment of the medication is scan for the high that is gotten from its overdose. In spite of the fact that its makers attempted

Strategy Evaluation Essay Example | Topics and Well Written Essays - 250 words

Technique Evaluation - Essay Example An instance of accepting accessibility of customary work power to embrace an undertaking that includes more drudgery yet is very practical may not work if better open doors are accessible to the focused on work power (Allan). On legitimate allotment of assets, despite the fact that necessary budgetary assets may have been masterminded , it probably won't have thought about the requirement for talented and able representatives. Further, the supervisor should likewise have the option to guarantee a similarity in the operational styles with different divisions and units in a similar association. The production of a domain for agreement and adequacy of thoughts over the gathering should be available for a practical system for the business. An unmistakable judgment on the time distribution for different procedures like market investigation, item age, test advertising and last dispatch must be cautiously position to forestall the misfortune in the invaluable position that the organization may have had at first (Allan). Because of every one of these reasons the procedure assessment frequently will in general be extremely perplexing and touchy exercise.

A Practical Guide to International Business Etiquette

A Practical Guide to International Business Etiquette Doing business isn’t just about knowing your numbers and being able to sell your product, it’s also about building relationships and creating trust with the people you work with. But building a mutual partnership can be especially tricky when you are dealing with people from different cultures.In order to navigate in today’s business world, you need to be able to do business with people from all around the world. Understanding international business etiquette, or the unwritten rules of behavior, has become increasingly important in this ever-closer business atmosphere.The following guide will help you understand what etiquette is and how important it is for people working in the business world. You’ll learn to understand the key themes that differ between countries and get specific tips when travelling in some of the countries of the world. The aim is to help you be better prepared for international business meetings. © Shutterstock.com | Andrey BashlykovIn this article, you will explore and learn about 1) what is etiquette and why is it important, 2) the key things to keep in mind when doing business abroad, 3) regional business etiquette tips, 4) how to prepare for doing business abroad, and 5) final thoughts.WHAT IS ETIQUETTE AND WHY IS IT IMPORTANT?Etiquette is an important part of social interactions and there are different etiquette rules for different situations.This guide looks into business etiquette, which refers to an unwritten code of conduct for business situations. It involves special rules that you should follow when you are conducting business, whether at a formal business meeting or a more informal meeting for networking and the like. It is about navigating through the world of business in countries that operate differently when it comes to talking about deals, shaking hands and exchanging business cards.What is etiquette?In this time of technology, you’ll end up conducting som e of your business online instead of face-to-face. Netiquette is the unique term to cover the set of unwritten rules you should follow when doing business over virtual mediums.This could be a guideline on how to write a good e-mail to your business partners or how to conduct business relations on social media.Why is etiquette so important?Both etiquette and netiquette are crucial for professional success. The ability to behave and conduct business in a respectful and efficient manner can naturally improve your ability to land important business deals or to even find a new company to work for, if you are looking for a different direction for your professional career.Good business etiquette helps leave a good impression. This shows the other person you have respect toward them and you value the professional situation.Good business etiquette becomes even more important if you are dealing with people from different cultures and countries. Each country has its own unique business etiquet te and by knowing the country-specifics, you can show deep respect toward your business partners.If you don’t show understanding of specific business etiquette and you disregard these hidden rules, you could stand to lose your important business connections. Even if you aren’t intentionally rude, it can easily be perceived this way and this could hinder your business relations.Understanding international business etiquette is not difficult and it can be extremely fun to learn new things about the countries of the world.The video below is a great introduction to etiquette in general and why it matters: THE KEY THINGS TO KEEP IN MIND WHEN DOING BUSINESS ABROADWhen it comes to international business etiquette there are things you can do no matter what country you are going to. If you are preparing for an international meeting and you aren’t sure about the cultures of the people at the meeting, the following guidelines will guarantee that you act in a respectful manner and remembe r to avoid sensitive areas.In addition, if you are heading out to a specific region or a country for business, you can do in-depth research based on the following key areas.The key differences in cultures you need to understandGender rolesWhen it comes to international business, gender roles can cause a lot of confusion. Understanding the appropriate gender etiquette can help you avoid uncomfortable situations.Most often, gender roles are about personal boundaries and physical contact with men and women. In many countries, especially in the Arab world, women shouldn’t shake hands with men, for instance. Furthermore, older generations in countries like Japan are not often comfortable shaking hands with Western women. If you are a woman traveling or you know there will be women at the business meeting, it is important to come to grips with the gender roles to navigate meetings in a respectful manner and to prepare yourself for how you might be approached in the country.Personal spac ePersonal space varies with respect to gender, but personal space is important in other contexts as well. In general, South American countries can be a lot more physical, even in a business context, than Asian countries.Naturally, there are differences within countries in the same continent. For example, European nations are very different when it comes to personal space. While the French don’t mind kisses on the cheek when greeting, the Finns are especially careful about their personal space.The alcohol cultureFood and drink are a big part of doing business these days. In many countries, a business dinner or lunch is part of the deal making process, so it is important to understand the food and drink culture of the country you are travelling to.The alcohol culture is especially important, as you don’t want to be ordering wine with your meal in countries where combining alcohol and business are a big ‘no-no’. It isn’t even just about cultures where alcohol is fully prohibi ted. Even countries such as Australia, where drinking is not unusual after work, drinking during business meetings is discouraged. On the other hand, in Russia, sharing a drink with your business partners can help establish a closer relationship.Business giftsWhen it comes to doing business, handing out gifts is often considered a lovely thing to do. But countries and cultures vary greatly on what type of gifts are considered appropriate. In many Western countries, gifts can often be considered inappropriate in the first place, while in Asia gifts are very much expected.Issues surrounding the business cultureFinally, you should be aware of the specific differences in the business culture within countries and cultures. There are great differences in cultures when it comes to the way you conduct business and maintain relationships. If you want your international business relationships to flourish, you need to master the specific aspects of the business culture.To master appropriate bu siness etiquette in the business culture, focus on the following themes:Showing respect â€" There isn’t a country in the world where you don’t need to be respectful but there are different ways of getting around it and you have to be extra cautious in certain situations. For example, in Japan it is extremely important to show your respect to the older generations, while this isn’t as important necessarily in Western countries. While shaking hands in the US is considered respectful, in Japan, a simple bow might be considered more respectful.Business cards â€" There are some cultures where the handing out business cards is especially important and in many cultures there are unwritten rules as to when and where you are able to hand out the cards. For instance, Japan takes business cards almost ceremonially, whereas Italians do not like exchanging business cards outside of business functions.Talking about deals â€" Whereas you might be able to get straight to the point in countrie s like Germany, there are many cultures, such as many Arab countries, where you need to keep it casual for a long time before starting to talk business.The word ‘no’ â€" Interestingly, your international business etiquette needs to tune into the use of the word ‘no’. While many Western countries can be very direct during business meetings without considering it rude, in other cultures you need to be very careful in how you decline things.REGIONAL BUSINESS ETIQUETTE TIPSWhile the above provides you with an understanding of the key etiquette areas on which to focus, the following section covers some essential country-specific etiquette tips. If you are traveling to any of these countries or doing business with people from these countries, these etiquette tips are crucial to keep in mind.AsiaChinaProvide a gift for the person you are conducting business with but keep the following in mind:When handing out the gift always use both hands.Don’t give a watch as a gift, as it repr esents death in China.Avoid black, blue or white wrapping paper.Chinese people will decline the gift three times, but you need to insist they take it. When you are provided with a gift, you should do the same.Chinese people appreciate a conservative dress code and you should avoid physical contact while conversing.If you happen to have family roots in China, you can give yourself a Chinese name to use when doing business in the country. This is considered a sign of respect, but you should only do it if you have Chinese roots or you have moved to the country to do long-term business.After a business meeting, allow Chinese partners to leave the meeting room first.JapanIn Japan, bowing is a typical way of greeting each other. Handshakes sometimes occur but you should let the Japanese person initiate it.The business meeting is often led by the senior member in the group, while younger members converse less out of respect.Furthermore, similarly positioned people in different groups shoul d sit across from each other. Junior position employees should never sit across from senior employees.Giving gifts is common, but you should pay special attention to how you present your gift. Never hand out a gift that isn’t wrapped!Japan is especially sensitive to the word ‘no’. In the country, it is customary to respond with a ‘yes’ even if you disagree with what is being said.IndiaWhile you can show up to meetings on time, don’t be surprised if Indian business partners are late.Like in Japan, the word ‘no’ can be considered rude in India. Try to use words like ‘We will see’ or ‘Possibly’ instead of saying ‘no’.If you are offered a meal by your business partner, never say ‘Thank you’ at the end of it, as it is considered to be a payment on your behalf and therefore insulting.Avoid eating beef at business meetings!Latin AmericaBrazilBusiness meetings often last longer than planned, but do not leave before the meeting has officially ended. Leaving ea rly is considered rude.In Brazil, physical contact during conversation is natural and highlights the trust between business partners.Unlike in India, eating with your hands in Brazil should be avoided. Even if you were eating a sandwich, you’d want to use a napkin or other such utensil.EuropeThe United KingdomWhen conversing with the British, try saying ‘Please’, ‘Thank you’ and ‘Sorry’ frequently, as this is considered polite.The British often don’t retain eye contact during a conversation.Unlike Brazilians, Brits like to have personal space, so don’t stand too close.GermanyBusiness events are well-structured and straight to the point. You don’t want to be joking during business meetings.Be punctual and on time â€" Germans are hardworking, so you want to highlight your respect toward this attitude.When entering business meetings, allow the oldest person to enter the room first.North AmericaThe United StatesYou can conduct business even outside meetings â€" for i nstance, Americans often talk business over breakfast, lunch or dinner.Don’t give gifts to your US business partners, as this can be considered bribery. Handwritten notes to say ‘Thank you’ are sufficient.The firmer the handshake the better impression you’ll make.CanadaLike Germans, Canadians are punctual and being on time is considered a sign of respect.OceaniaAustraliaAustralians are quite relaxed about the dress code, even in business meetings.New ZealandBe on time for business meetings and come early if possible.During a meal, conversing should be kept to a minimum and continued after the meal is eaten.Don’t talk business over dinner â€" if you need a business meeting over food, organize it for lunchtime.HOW TO PREPARE WHEN DOING BUSINESS ABROADThe above should provide you with essential information on specific countries, as well as help you focus on finding information on the key themes and differences in international business etiquette.You need to approach internati onal business travel carefully and make sure you prepare yourself well for doing business with people from different cultures. If you are appropriately prepared, you can have much more success with your business ventures.How should you start your preparations? Here are a few crucial tips to help you get started.As soon as you know where you are doing business, start learning about the culture. You can find amazing information on countries from basic travel guides, and it’s a good idea to talk to colleagues who have conducted business in the country before.Learning about the culture will give you an advantage and it shows a lot of respect toward your hosts as well. Even if you end up making small mistakes, you can recover a lot by showing real interest toward the culture. Understanding the key things about the culture will also help you feel more relaxed and confident â€" you can just focus on the essential, which is doing business!Use the above key themes as your guide when you ar e doing research. You can even jot down some notes about the key points and go over them while you are flying to your destination.Second, it is important to keep focused on the purpose of the meeting. For example, if you are invited to a business lunch with your partners, it doesn’t necessarily mean you are supposed to do business. Learn the etiquette to ensure you understand what the meeting is all about.This also encompasses the understanding of how much business you are supposed to talk at the official business meeting. If you are doing business in the Middle East, for example, official business meetings might involve quite a bit of small talk, while in countries like Germany you get straight to the point.Finally, international business etiquette isn’t only about knowing how to behave in the company of your international business partners. You also need to understand how you should keep in touch after the business meeting. Sometimes a card and a gift to say thank you will be required, but sometimes a simple e-mail will do.FINAL THOUGHTSThe above should provide you plenty of insight into the key aspects of international business etiquette. The importance of correct and respectful behavior is enormous and it could be the difference between success and failure. It is crucial to start preparing yourself early and learn enough about the specific country before you must travel or meet partners from these countries.Be mindful of the differences in the culture and try to showcase great understanding and interest toward the specific culture. Don’t be fazed by making mistakes. Good preparation should keep you safe, but if you happen to upset your business partners, apologize and explain yourself.If you are conducting long-term business in a specific country, learning the language can often be beneficial and it will enhance your understanding of the business culture. If you don’t have enough time to learn a language or prepare extensively, guides like this and professional interpreters can provide you with enough information to avoid making the most crucial mistakes.

Cuban Reform - 2384 Words

Since the Cuban revolution, Cuba has been characterized as having a powerful centralized government and as being socialist in nature. Fidel Castro maintained leadership of Cuba from 1959 until 2008 and guarded Cuba away from capitalistic ideology. Throughout his presidency, he was able to curtail the establishment of privatization and economic liberalization. For instance, as late as 2006 the public sector made up 78% of the economy and the private sector only made up 22% of the economy (Oxfam). However, with the election of Raul Castro in 2008 by the National Assembly, there seems to be a shift in ideology that is less antagonistic toward decentralizing power, privatization, and economic liberalization. Raul Castro has brought†¦show more content†¦Provisions to this plan include bonuses of as much as 5%of an employee’s base salary just for meeting production quotas and managers will be limited to a 30% wage increase for improved performance (Robles). 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Media Is Not A New Concept - 1548 Words

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Catholic Schools Week Free Essays

This year’s national theme for Catholic Schools Week is â€Å"Catholic Schools: A+ for America. † The five years I have been at St. Dominic’s, I have experienced that it is very different then a public school and is much better. We will write a custom essay sample on Catholic Schools Week or any similar topic only for you Order Now At St. Dominic’s, we go to church every Friday. During Church on Fridays, the Mass is run by the school so each class take turns serving and reading and being the gift bearers. We also have a Christmas play which is run by the 8th grade every year. On top of that we have a great religion class every day except on Friday’s and our priest will sometimes come over to school and read us a bible verse or two. To me, St. Dominic’s makes me feel like I am in a safe environment, to me it’s like a family. Here at St. Dominic’s our teachers do whatever they can to make us an A+ student. They care about are grades so we can have higher expectations and so we can live a better Christian life. So we do a lot of projects and activity to help us understand are work better. Here at St. Dominic’s we have one of every grade since it is a smaller school and we have smaller class sizes. So the friends you meet in pre-school are the friends you are going to graduate with and possible more. One of the projects we started a few years ago at St. Dominic School is recycling. The whole school gets involved. Each year we all have a competition to see which class collects the most recycling and whoever wins gets a reward. Recycling is something good for are county as well as our country. Also at St. Dominic’s, the 6th – 8th grade have to do service hours for a religion grade. I think this has a great impact on our country as a whole because we are making it possible to live in a safer environment by doing the smallest things like recycling and giving up are time for others in need. We also help out a round school like we rack the leaves in the fall and help put out salt in the winter. We also work with the younger students helping them learn how to tie their shoes or sitting with them at church to teach them how to behave during Mass. Something else that we do as 8th graders at St. Dominic school is we teach the 5th grade how to serve during church. Since the 8th graders are the oldest students, we are asked to help out a lot. Whenever someone needs something we are always there to help them. So we have to take the biggest role in leading our school to a better community. Once you leave St. Dominic you are on your own and hopefully you always leave a Christian life. St. Dominic has made me realize that I can do whatever I want to as long as I put my mind to it. How to cite Catholic Schools Week, Essay examples

Accounting Information System Retailing and Wholesaling

Question: Discuss about the Accounting Information Systemfor Retailing and Wholesaling. Answer: Introduction: Fruito is a grocery store who is retailing and wholesaling the fruits and vegetables in Australias retail market. This case study is revealing the work and risk involved with accounts payable department of this store. This study is done by me to understand the accounts payable and accounting benefits in an organization. This study is describing an audit done by the accounts payable officer in regards of Chief financial officer of Fruito to tell him about the risk which might face by the fruito in near future. This study is revealing about risk, their potential effect on the store, internal control system and some suggestion which will help the store to mitigate the risk. This study helped me in understanding the practical part of accounts payable. Accounting Risk Involving with order and Receive the Goods: The stock ordered by Fruito is of perishable nature. So while making an order of stock for fruito, many risk have been analyzed by me. The internal audit of fruito on accounts payable department is explaining many risks which are facing by Fruito or might face in future. This report is written to CFO of Fruito. The risks analyzed while auditing are credit risk, market risk, liquidity risk, legal risk, IT risk and many other risks. The credit risk is involving with Fruitos operation as while receiving the goods, store is only paying half amount and thus the credibility is increasing of the store. Debtors dont make the payment timely and because of the perishable nature of goods, it spoiled quickly and customer dont feel like but it and it causes a loss situation for store (Ewert Wagenhofer, 2005). Liquidity risk is involving with cash and quick asset issues. As store dont maintain quick asset so the liquid risk is always there. Market risk can be occur at any time as the factors of market risk like interest rate, suppliers etc are the external factors and store cannot have any control on it (Barnard, R. F., Cirulli, Flannery, Lanuti, Murphy, 2010). Ordering is also a big issue for store as the co ordination among all the departments is not good. Impacts of Risk: The risks which were analyzed while auditing the store can make a negative impact on the store at any time. Many of these risks cannot be controlled as these are related with external environment. But some of them can be mitigated by taking an action. Credit risk makes a negative impact on firms goodwill and credit points in the market and among the financers. As if the credit points are not good, nobody feel interested to give the loan to that firm. Liquid risk is impacting on firms cash, bank etc balance. As if there is not enough balance, it is a risk for Fruito to make payments to supplier and other stakeholders. Market risk is related to external environment. This can impact on fruito either by increasing the interest rate or by the suppliers. Legal and technology risks impact on Fruitos order making and receiving ways. Other risks are also involving with Fruito (Schuster, Dunaway, Keen, Vibbert, 2010). Implementing Internal Control: All the above risks are impacting negatively on Fruitos operations and other departments. There are many ways to make the risk keep away from the store. Internal control system helps an organization to make a control on all the challenges and risk which can be occur at any time. Following are the ways and techniques fruito can use to implement the internal control system. Another department must be built by Fruito for Risk management (Larcker, Richardson Tuna, 2007). This department must make such strategy that all the risk can be overcome. And this department must find out all the risk which can occur in future. Fruito is suggested to make an improvement in its documentation and update procedure. Fruitos departments must keep their eye on all the work which is going on (Hahn, Kuhn, 2012). New technology must be implemented in it. Thus these all internal control system will help Fruito to have a control on internal risk (Marinovic, 2013). Mitigation of Risk: Risk mitigation is important for all the organization. Firm cannot mitigate the external risk but it can have control on internal risk. Risk mitigation is important as if an organization will not make any effort towards risk control then it can impact badly and negatively in future. Same as with fruito, as if it will not control on risks, then it can lose its competitive advantage and market share (Biddle Hilary, 2006). Risk management team can help the Fruito to have a control as well as mitigate the risk. Changes in some policies and procedure can also help Fruito to mitigate the risk and overcome all the risk. Choose the best supplier in the market and make a deal with him can also help the organization. Preserve the goods in best manner and loading and unloading must be done in a better way to keep the fruits and vegetable fresh (Bartov Mohanram, 2004). The supplier must provide good quality product by charging less, it only can help the organization to maintain the good accounts and make profits. Maintaining good relation and liquidity of Fruito will also help it in mitigating. Technology aspect are also useful in mitigating the risk. Conclusion: After doing a research on this case study, it can be concluded that Fruito is facing many problem in its accounts payable department and other department also. All the departments must be work with a good co ordination and a risk management department must be introduced by Fruito. The accounting is the main part of every organization as it controls all the financial activity of an organization. References: Bartov, E., Mohanram, P. (2004). Private information, earnings manipulations, and executive stock-option exercises. The Accounting Review, 79(4), 889-920. Biddle, G. C., Hilary, G. (2006). Accounting quality and firm-level capital investment. The Accounting Review, 81(5), 963-982. Ewert, R., Wagenhofer, A. (2005). Economic effects of tightening accounting standards to restrict earnings management. The Accounting Review, 80(4), 1101-1124. Larcker, D.F., Richardson, S.A. and Tuna, I., 2007. Corporate governance, accounting outcomes, and organizational performance. The Accounting Review, 82(4), pp.963-1008. Hahn, G. J., Kuhn, H. (2012). Value-based performance and risk management in supply chains: A robust optimization approach.International Journal of Production Economics,139(1), 135-144. Barnard, R. F., Cirulli, P. J., Flannery, K. J., Lanuti, C. J., Murphy, J. M. (2010).U.S. Patent No. 7,702,533. Washington, DC: U.S. Patent and Trademark Office. Schuster, J. V., Dunaway, J. C., Keen, G., Vibbert, M. (2010).U.S. Patent No. 7,672,884. Washington, DC: U.S. Patent and Trademark Office. Marinovic, I. (2013). Internal control system, earnings quality, and the dynamics of financial reporting.The RAND Journal of Economics,44(1), 145-167.