Coast4Life

Coast4Life Cruises is in the business of offering ocean cruises along the Canadian West Coast. Their mission and vision is to have Coast4Life as commencement exercise choice for vacationers by providing safe, enjoyable, high quality level of table service at affordable pricing. Currently to remain profitable during the downswing the family is looking at various ways to make do costs to generate additional revenue. The company also encountered defame to the Coastal Native Cruise, which requires additional hirement as the ill-use insurance is unaccompanied limited. Coast4Life Inc. is also currently trying to growing their market segment.

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Alternatives & Analysis
1.Sell the dry dock
a.The dock refurbishes the two ships and ensures the ships atomic number 18 up to standard with the companys vision of providing a safe and well maintained cruise. This compliments the reputation of the company as well.
b.Looking at Appendices 2, the Coast4Life will lose its outer revenue by $ 4 Million when dock is non in use by the ships. It also eliminates revenue divine guidance from inter division transactions. The company will have to pay triad party approximately the same amount to quicken and maintain the dock as the damage insurance is only limited.
c.



The dock and head office are located in good location, this increases opportunity for the dock to obtain contracts to refurbish third party ships that are currently dominating the market.
d.Can shape up relationships with the government to intake cruise ships and freighters during slow times. Based on increasing liquidity ratio the government will be able to contribute to the growth of the company, by providing funding for especial(a) projects.
e.Appendices 1. Reduces operating income hence reduces profitability if sold.
f.Based on Appendices 1 and 2 the dock is proven to be more in effect(p) to keep.

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2.Consider registering Coast4Life ships in Liberia and hire unskilled crew and hospitality workers for low wage workers.
a.This option reduces cost by...If you want to hail a full essay, order it on our website: Orderessay



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