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YourRole/AssignmentYou are a business planner andaccountant. Part of your expertise is in helping prospective business ownersevaluate the various manufacturing and supplier options available based on theproduct they manufacture. You have a long history of working with widgetmanufacturers, which is why Gloria is meeting with you. Additionally, you arean expert in global business issues and can help Gloria review foreign supplyoptions, including the applicable laws, customs regulations, and taximplications of using a foreign supplier versus a domestic supplier. Gloria hascome to you to get some advice on which supplier will best meet her needs andobjectives.KeyPlayersGloria SmithsonGlorias business is doing well. Shehas been manufacturing widgets in the United States, however, the costs for theraw materials have increased 200% with her current supplier. She has found anew U.S. supplierGreenleaf Manufacturingthat is willing to negotiate costswith her. Gloria has scheduled an appointment with its CEO, Richard Franklin.She is also considering manufacturing her widgets overseas. She traveled toChina and met with Jun Chin, who is interested in the contract. She also wentto Brazil and met with Mateo Bonilla, who also discussed production with her.Currently, Gloria has been selling approximately 12,000,000 widgets per year,but she recently got a purchase order from a large retailer for 8,000,000widgets and a guarantee for a minimum of 13,000,000 widgets over the next 24months. The purchase order states that continued business is dependent on payingno more than $7.34 per widget. Glorias current cost to manufacture widgets is$6.22 and she has been selling them for $9.18. Doing business with this largeretailer will take Glorias business to the next level, but she has to get hercosts down.Richard FranklinHe is the CEO of GreenleafManufacturing, which is a company located in the same state as Gloriasbusiness. He has submitted the following proposal to Gloria Smithson: He willmanufacture up to 6,000,000 widgets per year at a cost of $6.37; another6,000,000 widgets per year at $5.41; and a final 6,000,000 widgets per year ata cost of $5.01 each. However, Greenleafs proposal contains a clause that requiresGlorias acceptance by 5:00 p.m. on March 3, 2015.Jun ChinShe is the CEO of Sunrise Ltd. inQuanzhou, China. Her company has recently begun doing business with Americancompanies. Ms. Chin is able to manufacture 100% of the widgets Gloria Smithsonneeds annually at a cost of $4.01 each.Mateo BonillaHe operates Groupo Embraco. GroupoEmbarco has never done business with an American company, but like GloriaSmithson, he wants to expand his business. Presently, it can supply Gloria with10,000,000 widgets annually at a cost of $3.83. Bonilla is willing to expandhis operations in order to manufacture more widgets.AssignmentYou are a business planner andaccountant. Gloria has come to you to get some advice on which supplier willbest meet her needs and objectives. Prepare a paper that addresses thefollowing.What elements are necessary for a valid contract toexist? Define what constitutes a "valid offer." Evaluateeach proposal and discuss whether each of the offers constitutes a validoffer. Why or why not?Each proposal involves a different country. What arethe particular concerns for Gloria in doing business in other countries?What contract provisions does she need to include in any business contractin order to protect her business?How can Gloria continue to protect herself and herfamily from personal liability if she obtains her widgets from a foreignmanufacturer?Use your textbook and library references to answerthese questions. Evaluate each proposal. Does it constitute an offer?Assignment RequirementsYour paper should be four to five pages long, exclusiveof the cover page and references page, and it should be double-spaced. Itshould comply with APA 6th edition formatting.Cover pageReferences page12 point, Times New Roman font
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