• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Elmia Swedish Based Company. Elmia is the third largest trade fair center in Sweden (Elmia, 2011). The company is guiding the exhibition in Stockholm, with millions of profits in 2009

Extracts from this document...

Introduction

_contents: I _ company II _ presentation III _ budget IV _ expo V _ costings VI _ report ? _I Elmia was founded in 1961, starting a trade show for agriculture and forestry (Elmia homepage, 2011). The company was established in Jonkoping, Sweden and was dealing with exhibitions, thematic exhibitions, conferences and agreements as well as renting or leasing space. Elmia is the third largest trade fair center in Sweden (Elmia, 2011). The company is guiding the exhibition in Stockholm, with millions of profits in 2009, followed by Sweden 647 Revenue Report. The company organizes around 15 trade expos every year. Some of the largest exhibitions are Elmia Wood, Elmia Subcontractor, the Cargo Report and the Scandinavian Report.The fairs usually attract 350,000 visitors annually (Elmia, 2011). The companies are often controlled, not for economic purposes but to know the number of visitors and other similar statistics. The largest shareholders of the company are the city hall of Jonkoping, which owns 82% of the company. Other shareholders are among the many Commerce Chamber Players and the Association of Smaland. The objective of Elmia is a company in the Expo future in the field of entrepreneurship, creating added value for customers. ...read more.

Middle

Most of the costs at the above table, are direct and pre-determined. This occurs due to the large number of staff and personnel. Fixed costs are usually separated from other costs. These include rent and electricity. The electricity for each stand is a separate charge. The staff is divided as to given duties, thus no problems of collective costs occur. Internal transaction costs are not being taken into consideration. Elmia does not assess secondary costs into total costs. ? _IV At Elmia Exhibitor Service they take care of designing, lighting and creating the right flows at the expo stand. They also offer design stands as well as customized standard solutions. Elmia Exhibitor Service can help exhibitors who already have a stand solution, but with additional requirements such as furniture, power connections, wire suspensions, signs, hangings, coffee machines and Internet connections, as well. Many different aspects need to fall into place when designing a stand, from following a specific company profile, to lighting and creating the right customer flow in the stand. Elmia's experience of stand design helps in creating the right conditions for a successful fair. ...read more.

Conclusion

then the cost price is: 8000 / (25 * 5) 6,4 SEK/minute After a 5 minute set up, the cost for each wall is 32 SEK. However, after cost has been increased, then this wall is priced at 250 SEK. _V For every square meter not sold to the exhibitor, Elmia has a loss. Due to that uncertainty, the costs for an exhibition cannot be calculated accurately. Furthermore, every stand must be built due to what the costumers want and it is difficult to calculate costs from owned products. That is the reason that Elmia does not use the ABC system (costing model that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each). A company of self renting products puts many sources into a presentation, without really knowing the ending of it. There are really well made stands (that is where the money is!) but is difficult to make accurate calculations on those. On the other hand there are more plain stands that are about 80% of stands sold. Internet profits on stands are about 5% of total. One issue is that calculations have to be made throughout the whole duration of the exhibition. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Business Studies section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Business Studies essays

  1. This essay will compare two hotels, the five star hotel- Jumeriah in Knightsbridge and ...

    (Brotherton 2000) How are these applied to your examples? Market changes? Link to next paragraph? The hospitality industry has tended to regard its processes and related technologies as unique concept in relation to process choice, process configuration and process technology can be applied to all sectors, including hospitality industry.

  2. Market analysis for Tapal tea.- today Tapal has become the largest, 100% Pakistani owned ...

    Tapal Jasmine Green Tea is blended to perfection using the finest tea leaves and specially selected Jasmine to give a refreshing experience of light taste and soothing aroma. It is available in metal-free tea bags specially enveloped for extra freshness.

  1. Ford Company Analysis - corporate structure and financial analysis

    1.8.2 Qualifications Directors should have the highest personal and professional ethical standards, integrity and values and commit to represent the long-term interests of the shareholders. They must also have practical wisdom and mature judgment, be objective and inquisitive. Ford recognizes the value of diversity and endeavor to have a diverse Board, with experience in business, government, education and technology.

  2. What impact has NAFTA had on trade among the three member countries?

    Canada is seeing NAFTA as a strong foundation for future growth and as a set of valuable example of the benefits of trade liberalization.

  1. Business Plan - EDGE is a video production company that aims to create self-promotional ...

    We however, are much more unique by producing videos personally with different angles, at different perspectives, and edit the clips into videos rather than simply churning out raw footage. We will make our company successful by making a product that is simply at a higher level than any person can

  2. Customer Service

    This is why the customer is always right. This doesn?t mean they are right all the time, but to win a point may be to lose a customer, and that means you are still the loser. It is therefore extremely important that any staff member dealing directly with customers has well-developed contact skills, starting with a positive mental attitude?.(Twomey, M.(2007)

  1. Questions on Globalisation and International Trade

    Evaluate this statement. Answer: People who believe in this view, and the firms that they work for, may find that they do not achieve their full potential (at best) and may ultimately fail because of their myopia. As barriers to trade decrease and state of the art technological developments take

  2. My paper on the Deltic Timber Corporation provides an overview of the company, and ...

    As we have said many times our strategy is to harvest the forest on a sustainable yield basis and do that consistently. We believe that's the appropriate approach to maintaining the forest and maximizing growth rates, and maintaining the overall health in the forest. What about the opportunities for growth?

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work