IJAIR NAAS Score : 3.99 ,ISSN : 2319-1473

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    Impact of Tea Brokers’ Advisory Services on Financial Performance of Tea Manufacturers

    I. M. C. G. B. Ranasinghe; R. M. C. W. M. Rathnayake; R. M. P. S. Rathnayake
    75% of the tea manufacturers in all 03 tea grown regions in Sri Lanka rely on manufacturing advisory service and special muster-reporting service provided by tea brokers. Nearly 90% of all tea manufacturers use information and guidelines given in muster-reports to improve their teas. Majority of tea manufacturers (75%) visit their respective tea brokers to seek advice on how to manufacture a better produce. Pearson’s Correlation Analysis was employed for determination of the impact of tea brokers’ advisory services on financial performance of tea manufacturer. There is a positive correlation between Net Sale Average (Pearson’s Correlation constant 0.551), Variation (Net Sale Average vs Elevation Average) (Pearson’s Correlation constant 0.590), Cost of Production (Pearson’s Correlation constant 0.258), Profitability (Pearson’s Correlation constant 0.459), Capital Acquisition (Pearson’s Correlation constant 0.035) and Level of Implementation of tea Brokers’ Advisory Services whereas there is not enough evidence to prove existence of a correlation between Capital Acquisition of a tea manufacturer and level of implementation of tea brokers’ advisory services at a significance level of 0.05.
    Select Volume / Issue:
    Year:
    2016
    Type of Publication:
    Article
    Keywords:
    Tea; Manufacturer; Broker; Financial Performance
    Journal:
    IJAIR
    Volume:
    4
    Number:
    5
    Pages:
    842-844
    Month:
    March
    ISSN:
    2319-1473
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