Management Strategy for MHM Assignment Example | Topics and Well Written Essays - 4250 words - 1

Management Strategy for MHM - Assignment Example The company has been continuously meeting the increased demand for electrical equipments and parts with their comprehensive products and competitive prices. The firm is driven by the mission of customer satisfaction. The aim of the company is to expand its range of offering through the innovative usage of technology, skills, knowledge, team work and efficient communication. The customers of the company belong to the industries like construction, infrastructure and public utilities, oil and gas & industries and process control (M.H. Al Muftah EST). Therefore, the company should keep in mind the market condition of these sectors as any changes here would affect the operations of the firm. 1. The website has got a lot of flaws. A website is meant for providing details about a company while website of MHM is having no information about the firm’s annual turnover or even its presence in recent news articles. Moreover there are so many grammatical errors in the presentation of the information and in the construction of the sentences which will definitely affect the reputation of the firm. 2. The company’s logo is not at all appealing and has no relevance with its business. A logo should create an everlasting impression in the minds of the people but the M.H. Al-Muftah Est. logo failed to do so. 3. The company is a leading supplier of famous brands of electrical equipments. However in the present business era, the customers would always prefer to purchase the products from the original manufacturer as the suppliers are known to add carrying cost to the goods. 4. The customers are mostly industry based but there is a lot of scope for the company to acquire individual customers for their simple, day-to-day household products like switches, sockets, fittings and fixtures. 6. Due to poor quality of the website, the company fails to attract foreign clients at a huge number. Also the company lacks proper advertising and promotional campaigns;

Interpret the law of secured transactions Essay Example | Topics and Well Written Essays - 500 words - 1

Interpret the law of secured transactions - Essay Example According to common jurisdictions, the lender in this case who is the First Savings Bank can accept intangibles as security for loans borrowed. This mostly applies where the accounts receivable are traded to the creditor just like in the case of Money Games Incorporation. According to the scenario, the accounts receivable acts as collateral whether the financial statement is filed or not (Miller, 2011). A security interest arises in exchange of the loan whereby the debtor agrees that the secured party may take collateral owned by the debtor if he or she defaults in the payment of the loan (Miller, 2011). Security agreements are contracts according to the law of business (Legal Information Institute, 2000). The collateral interest of the bank vests upon the signing of the guarantee contract. In this case, the bank security is attached. However, it has not perfected its collateral interest. In most situations, perfection can be easily achieved through filing of a financial statement. This document should include the signature of the debtor, a brief description of the collateral item and addresses of both the creditor and the debtor (Cheeseman, 2009). In normal circumstances, when the debtor delivers the note and executes the security agreement, the bank swiftly authorizes for liberation of the funds that are being borrowed. When the money is released to the debtor, then the bank’s security is attached since, it has executed a security agreement that describes the collateral and has also offered valuable security that applies to the loan. The bank is required to perfect its security interest and its claim against the accounts receivable which subordinates to the claims against the accounts receivable. This is because the bank’s security interest attaches from the agreement that secures the payment of the debt. For instance, the beneficiary of the security interest has certain rights in