Guardian Toys (GT) GT is a public limited company. It was set up 50 years ago in country Y. Shareholders were the main s

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Guardian Toys (GT)
GT is a public limited company. It was set up 50 years ago in
country Y. Shareholders were the main source of capital when the
business expanded but bank loans have also been used. The company
has recently allowed its employees to join a trade union which will
have an effect on GT and its employees. The company manufactures a
range of toys for babies and young children below school age. These
toys are sold to large toy shops throughout country Y and in other
countries. However, the Marketing manager wants to develop online
sales. He thinks GT’s toys should only be sold using e-commerce,
not through retailers. This will help prevent any communication
barriers. The Operations manager thinks that GT needs to reduce
average costs to remain competitive in the global market. GT uses
batch production to manufacture all the many designs of toys it
sells. The Operations manager also thinks that the development of
new toys should be changed for the different markets in other
countries. Each market needs something different to make the toys a
success. GT buys from suppliers in country Y that it has dealt with
for many years. GT uses just-in-time inventory control. The design
of the toys has not been changed for a number of years. Sales have
fallen over the past 12 months. Prices were increased last year to
maintain profit margins. The Human Resources (HR) manager is
worried about low levels of worker motivation and the time taken to
negotiate a new wage agreement for the production workers.
f) Discuss any THREE (3) different pricing strategies available
for Guardian Toys (GT) in selling toys in the Malaysian market. (9
marks)
g) Guardian Toys (GT) produces and sells a wide range of toys
suited for the local market.
i) Based on for Guardian Toys (GT), explain the TWO (2)
production processes used.
ii) Briefly explain any FOUR (4) types of the production
processes for Guardian Toys (GT) from i). (12 marks)
h) You are required to state any THREE (3) differences between
between Managerial Accounting and Financial Accounting for Guardian
Toys (GT). (9 marks)
i) Division of function explains that various department play
vital organisation roles in a Department. Identify and explain
briefly FOUR (4) division of function of Guardian Toys (GT). (8
marks)
j) Guardian Toys (GT) needs to hire urgently a position for a
project, you are to discuss the SIX (6) steps of a typical
selection process. (12 marks)
(Total 50 marks)