THE REALITIES ABOUT POULTRY The Modern Farm - The Realities About Poultry_Seco | Page 149

firm’s competitiveness. Take an example of Coca-Cola and Pepsi-Cola products that are packed
in different quantities and/or sizes.
 Facilitates product display: It is much easier for a business to attractively display packaged
goods at the point-of-sale (or purchase) than those that are not. This is because they appear
more attractive while on display. Attractively displayed packaged goods attract impulse buying
making it possible for an organization to realize an increase in sales.
 Packaged goods are easy to load and unload: Loading packaged goods on to the trucks and
transporting them or storing them respectively is easily done. Packaged goods get less damaged
in the process of loading and unloading which makes the business suffer limited losses.
 Fosters value addition: Value reflects the relationship of benefits to costs, or what customers
get for what they give. Value addition relates to a product or service whose value has been
increased especially by special manufacturing, processing, marketing or distribution. There is a
high degree of value addition related to packaged goods.
Poultry Markets
Organizations that can help a poultry farmer
FINANCIAL MANAGEMENT ON A POULTRY FARM
Financial Management Defined
Income Statement
An income statement is a financial statement that measures a company's financial performance
over a specific accounting period.
Balance Sheet
A balance sheet is a summary (or snapshot) of an organization’s financial position at a specific point
in time. This means a balance sheet is static.
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