This assessment will cover the following questions :
- What are the data collection methods and describe which method is consistent with the research philosophy?
- Discuss the issues which impact the reliability of the research method.
- Implement and develop the necessary analytical and critically focussed interpretive approaches towards an identified field of research enquiry.
Literature review is the process in which literature of different author are being searched and evaluated for the choosen topic of area. A literature review is a scholarly paper, which includes the current knowledge including substantive findings, as well as theoretical and methodological contributions to a particular topic. Literature review help in reducing the redundancy in the sourcing of different information regarding the topic of the research methodology. Also, this literature review will help in contributing a good amount of the information regarding the topic at the time of the conversation. Literature review regarding working capital in consumer goods sector has helped in gaining the variety of the knowledge which can be used in the future for conducting the different study related to this topic. This literature has highlights the concept of working capital by highlighting the different aspect which is involved in the working capital of the organization. After that literature review highlights impact which is brought by the working capital on the profitability of the business in the long run of the business by analysis both positive and negative impact which is brought by working capital on the business. In the end literature review highlights Challenges that are faced in the working capital management and the profitability of the business.
Theme 1: âConcept of working capital in consumer goods sectorâ
Working capital is defined as a part of the capital which is used to carry out day to day operation of the business. Whereas consumer good sector is defined as a sector which includes the organization which used to provide the item to the consumer in the organization. In published paper Afrifa and Padachi, (2016) has pass on the view point that, working capital in the consumer good sector is known as circulating capital. Generally this capital is used by the company in procuring raw material, investment in stock, credit granted to customer etc. Main objective of working capital in consumer good sector is to make sure that organization is able to continue its operation and has a sufficient amount of cash to satisfy short term as well as different operational expenses of the
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