1.NED’S CATALITYC CONVETER BUSINESS CONCEPT 1.1 BUSINESS
Verified
Added on 2023/04/07
|25
|4367
|342
AI Summary
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
1.NED’S CATALITYC CONVETER BUSINESS CONCEPT 1.1 BUSINESS OVERVIEW What is your business (or value) proposition and why do you think it’s a good idea? The business idea is to form the Catalytic Converter (NED’s Catalytic Converter) only for Diesel Cars, as this will help the automobile manufacturing companies to produce 100% fresh emission diesel cars. This has been found in the recent research that many diesel cars such as Skoda Fabia, Toyota Avensis and Vauxhall Corsa are ditched for good in UK in 2018 (Smith, 2018). This is the reason due to which the people are unable to buy these vehicles. The idea of business not only provide the assistance to the people who bought these cars but will help the automobile manufacturing companies as they will start producing those cars over again. The idea can expand by manufacturing NED’s Catalytic Converter for petrol cars but also begging will emphasis only for diesel cars, as there is huge gap present in the market. Designing a Catalytic Converter is a good idea because it makes 100% free diesel emission cars for the customers of the United Kingdom. Besides this, the key motive of designing Catalytic Converter is that it helps in converting oxygen with Carbon monoxide; unburned hydrocarbons are converted to produce carbon dioxide and water. In addition to this, the converter reduces the oxides of the nitrogen. Besides this, it makes use of differentiation product strategy, which inspires it to offer Diesel Oxidation Catalyst and three-way Catalytic converter. 1
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
How have you confirmed there is a need for your business? Overview of the Catalytic Converter Market in UK In a report published during 2017, it is reflected that the market for catalytic converter in UK has a compound annual growth rate of around 8.05 percent while the same is taken to reach to a net worth of $55.16 (£41,69) billion by the close of 2021(PR Newswire , 2017). Market trends in the Catalytic Converter industry The market trends in the catalytic converter industry on a global platform reflect that the projection for the market of catalytic converter products is taken to reach to a figure of $272.95 (£206.30) billion by the close of 2024. This huge growth rate in the market for catalytic converters is mainly attributed to the regulatory mechanisms of the different national governments of different developed countries like United Kingdom and thereby their institutional practices for controlling of automobile emissions along with new innovations and changes brought about in the manufacturing of automobiles(PR Newswire , 2018). Market size of the industry for Catalytic Converter included the UK The global market size of the catalytic converter industry in terms of market value is taken to amount to $46.546 (£35.18) million by the close of 2018 while the same bearing a growth rate of around CAGR 8.2 percent is taken to amount to around $79,772 (£60.29) million by the close of 2025(Globe Newswire , 2019). Key players in the Catalytic Converter Market in the UK Key global players that tend to effectively compete in the market of catalytic converters are Faurecia SA based in France, 2
Tenneco Inc. based in United States, Benterler International AG based in Germany and Magneti Marelli based in Italy. Toyota based in Japan also tend to potentially compete in marketing their catalytic converters to the automobile manufacturing companies and other consumers in the global market(PR Newswire , 2017). Selection of customer samples Use of the stratified random sampling method is made for selection of around 100 responds from two different consumer groups like the car manufacturers and also the direct consumers in availing Ned’s Catalytic Converter. The use of the stratified random sampling method is taken into use such that it would help in reducing the chances of emergence of errors associated to the application of the random sampling method and in carrying out research on a focused basis(Whittington, 2015). Consumer Surveys Consumer surveys were carried out for the 100 respondents through the development of structured questionnaire sets and thereby in carrying out surveys based on the use of the online survey tool like SurveyMonkey. Telephonic surveys were also carried out where it was difficult in gainingphysical appointment and access to respondents. Please, see the Survey Questionnaire in Appendix 1. The responses received from the respondents to the question number eight are reflected in terms of a pie-chart produced as follows. 3
The pie-chart reflects that the majority of the business and non-business consumers of around 40 and 50 percent agree to the fact that the application of the catalytic converter adequately helps in reducing the level of emissions of harmful gases from automobile exhausts. The responses gained from the respondents to the question number nine are tabulated in an excel sheet and reflected in terms of pine chart rendered as follows. 4
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
The above graphical illustration shows that majority of the respondents of around 70 percent are interested in switching over to a new catalytic converter that would help in generating total protection from the impacts of harmful and toxic gases generated from the exhaust pipes of automobiles. Around 20 percent negate to the fact of switching over to a new alternative while 10 percent remain indifferent to the suggestion. Inferences gained from the above surveys along with the facts and figures concerning the catalytic converter market reflect the market need for Ned’s Catalytic Converter and thus aims at effective business opportunity for the new venture. 5
2.1 WHO ARE YOUR CUSTOMERS AND HOW WILL YOU REACH THEM? Customer ProfileWhyareyou targeting them? Howareyou going to get their attention? Howareyou goingto convince them to buy from you? Whatspecific activities does this mean you need to do? Whatapproximate levelofspendwill youneedoneach activity? 1.Automobile Manufacturer s Theautomobile manufactureristhe targetedbecause theyareproducing dieselandpetrol carsforwhichthey requireadiesel converter in the UK market so that they canoffercarsthat are free from diesel Themanufacturer ofautomobile companiesinthe UKwillbe attracted by brand nameaswellas themeetingswill be conducted. The personalmeetings withthe manufacturerwill Theproposalor effectivedealin termsofprice comparingitwith thecompetitorsis one of the effective thingsthat convincethe customers to make thepurchaseof Hiringaneffective MarketingManager that can handle the dealandmeeting willbeoneofthe activities. 5days x 8 hours per day x £10.63 per hour = £425.2 (Pay Scale, 2019) 6 2.MARKETING
emissions. Thus, the automobile manufacturer requiresthedigital catalytic converter as thishelpsthemin reducingthe emissionintheUK market.The catalytic converterisan importantproduct for them,asthiswill leadtothe satisfactionof customersthatwill leadto anincrease inthesalesand revenueofthe company. helpthecompany inofferingan effective proposal. the product 2. Distributors of Automobile Thedistributorsof the automobile parts Thecompanyis goingtograbthe Thecompanyare goingtoconvince Thecompanywill hire a marketer that AccordingtoCount SEO(2019),the 7
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Partstargetedbecause they are the one who deals in both new as wellasusedcars parts. The customers generallymakethe purchaseofthe automobileparts fromthelocal market. The product isrelevanttothem asintheUKthere are many customers whomakethe purchaseofdiesel emission engine. attentionof distributorswith thehelpofsocial media, as they will enhancetheir presence.In addition to this, the companythrough hoarding which will grabtheattention ofthedistributors andwillmake them purchase the productswilldo the advertisement. thedistributorto purchasethe product by offering effectiveprices withunique features. willusethesocial mediaplatformsin generating awarenessthrough social media. GooglePlusforsix months(£59per month)+Facebook for six months (£119 per month) + Twitter for six months (£179 permonth)+ Pinterestforsix months(£289per month) + 2 days x 8 hoursperdayx £10.63perhourfor hiringaMarketing Manager (Pay Scale, 2019 = £4,046.08 3. End usersIntheUKmarket, many customers are stillusingdiesel models thatleadto dieselemissionin Theenduser’s attentionis attendedwiththe helpofpersonal sellingand Thecompanyare goingtoconvince theendusersto purchasethe product by offering Thehiringof effectiveMarketing Managerwhoare equippedwith knowledgerelated AccordingtoPay Scale (2019) Hiring a Market Manager for 5 daysx8hoursper day x £10.63 per hour 8
theenvironment. Thus,thisisthe reason due to which thecompanies consider this as the targetmarket. Further,theend usersofthe companyfindthe product relevant, as theyneedtomake theirvehiclefree fromtheemission. Thus,customerscan easilypurchasethe productsfromthe company. publicity events, as this will help them inunderstanding thebenefitsthat they will be getting with the installation of the products effectiveprices, uniquefeatures, andafter-sales services.Very fewercompanies in the UK actually help the customers whenitcomesto after-sales services. to the automobile as well as technology. will cost £425.2 9
2.2WHO ARE YOUR COMPETITORS AND HOW WILL YOU BEAT THEM? Competitor profileWhat willyou be competingwith them on? Whydo customersbuy from them? Whywould customersswitch to you? Whatspecific activities will you need to do? What approximate level of spend will you need on each activity? 1.BASF A Public Company thatcaterstothe need of automobile customersfor catalytic converters foraround36 years. Thebasisof competitionwith BASFwouldbe qualityparameter forthecatalytic converter. Customers tend to dependonBASF owingto its large- scaleofferingsof catalytic converters. Advertisements needtobe generatedalong variousmediums for highlighting the efficiencyof catalyticconverter ingenerating100 percentpureair free of pollutants. -Generatingvideos reflectingcustomer testimonials for use ofcatalytic converters. -Developmentof presentationsthat canbeshownin venuesof automobile dealers. -Cost of producing videosand promotinginthe social platforms are alreadymention. Therefore, there is no additional costs. -Cost of developing presentations by a Marketer will be in1 dayx8hoursx £10.63 per hour = £85.04 (Pay Scale, 2019) 10
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
2.Johnson Matthey Thecompany focusesonthe generationof sustainable solutionsinthe fieldof environmental technology.It focuseson investingin Researchand Development. Competitionwould be carried out with JohnsonMatthey basedonproduct featuresfor catalytic converters. Thegenerationof innovativeproduct solutionsregarding catalyticconverter helps customers in enjoyingvalue- added benefits. Customerscanbe attractedinterms ofhighlightingthe featuresand efficienciestobe gained from use of Ned’sCatalytic Converter. -Generationof customer meets -Providing demonstrationsof catalytic converter AccordingtoTag Venue(2019),the costofbooking venuesfor customermeets and product demos would be 8 hours x £50 per hour + The priceforthe Marketing Manager (Pay Scale, 2019) 8 hours x£10.63 per hourwillbe £485.04 3.CATALER A privatefirm that specialisesin generatingdiverse catalytic converters for different sectors Competitionwith CATALERwould becarriedout basedonprice points for attracting customers. CATALER provides differenttypesof product solutions in the field of catalytic convertersthat attract customers. Customerscanbe encouragedto switchoverbased onthe incorporationof discounts and price offers. -Carryout promotional activities along car dealership venues -Offeringofdigital coupons Includedinthe Social/Media Packetwhicha statedinthe Marketingsection above.Hence,no additional costs. 11
3.1 HOW WILL YOUR PRODUCT BE PRODUCED OR HOW WILL YOUR SERVICE BE CARRIED OUT? If you will be producing a product, how, where and when will it be produced? If you will be providing a service: who will deliver your service? Does it involve transport or equipment? What preparation will be needed? Where will this take place? Will you need special premises etc In all cases, detail the estimated associated costs in the boxes on the following pages. You may also find it useful to include a flow chart. At the initial stage, the company will conduct the research and development. This research will help the company in identifying the material that they will use in the manufacturing of the product. The cost of research and development projects that will be incurred by company is £10,000 (Odutola, 2019). The manufacturing of the product requires different material, but it varies according to the vehicle. For the automotive engine, Converter Company needs to source ceramic monolith with a honeycomb structure. This A metallic foil monolith is made up of the iron-chromium-aluminium combination is used by a company. The company source the required material from the distributors in bulk from china where they find it at low cost. So, the price will be £17.63 per piece with minimum order of 1000 piece which is equal to 1000 x £17.63= £17630 (Made in china, 2019) Later, there is a need for the machinery and equipment for manufacturing of product. The below given is the equipment that is used by the company in manufacturing product according to its small business. The price of the machine is around £15,000 (Taiwan Trade, 2019). 12 3.OPERATIONS
Picture 1.0 - Car Catalytic Converter Canning Production Line Equipment Source: (Taiwan Trade, 2019) The company uses the carrier like a truck for transportation of machinery and sourced material at the production site. The production site is land taken by the company on lease with the motive to conduct the activity of manufacturing. The cost of transportation can be varying according to number of kilometres. Thus, cost of diesel of £1.34 per litre x £10.63 per hour (max for 1 hour) x number of days x 30 days x number of kilometres. It is assumed that maximum kilometres will be 15 (Pay Scale, 2019). This is equal to approx. £6,410 plus the cost of vehicle taken by the company for delivery that might be £500. Thus, the total will be £6,410+£500 which is £6910. The company will reach to the customers with the help of website and online mode through which they can offer the product. Moreover, the tie-ups of the company will help the company in enhancing the reach of the product. The price for the website creating for small business is £500, which include the brochure style (Expert Market, 2019). 13
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
The hiring of the employees is required inthe operations of the company as the effective personnelcontribute to the manufacturing of the Products. The company will initially hire approx. 12 employees with the pay of 10.63 Per hour*8 hours and 2 managers with 12.53 per hour x 5hour. The total amount is approximately £1020.48 + £62.65= £1083.13 for 20 days it will be 21,662.6 which is paid by company (Pay Scale, 2019). After the manufacturing of the product, the company will offer the product and services to their targeted customers who are performing the business operation in the market. The preparation that is required to undertaken by the company includes research and development. The company take land on the lease where operations take place. The land will be located in in Bracknell, outside of the London at price of £101,953 for 6 months. The calculations are made by £10.75 Sq Ft xSize:18968 Sq Ft = 203,906 per year(Property Link, 2019).This is anindustrial area so that production does not create an impact on the public. COST DETAILS: BELOW, GIVE COST DETAILS1ESTIMATED COSTS How will the product(s)/service(s) be delivered to the customer? And how much will this cost? Thetransportationcost,whichis estimated, is £6910 (Pay Scale, 2019). Quality: Please describe your quality control process. How will you ensure that your product and service is produced and delivered to your required standard? (Any costs associated with this?) Quality standard are taken care while producing the product in procedure. The product will be delivered with effective 1 14
standards so that customers get clear in MOTtest.Theamountcannotbe determinedasitvariesaccordingto operations of business. Payment processing: How will payments be accepted? (e.g. cash, credit cards, PayPal) (What costs might be associated with this?) For the business, PayPal takes 2.9% of thepaymentplus30centsper transaction.Forcreditcards1.6-1.8% and for debit 0.7-0.9% for commercial cards (McDunnigan, 2018). 3.2 STAKEHOLDERS –who will be involved in your business besides you? How will you manage their involvement and their expectations? What costs will be associated with them? E.g. self, staff, suppliers, shareholders, others List the stakeholdersAny issues which may arise and how you will manage them Any costs associated with this 1.CustomersCustomersofcompanymightface prices or quality issue. The company provide the benefit of refund in case customer found the issue. Thus, Quality issue will lead to refund of product price that is £ 330(Car treatments, 2018) 2.EmployeesEmployeesmightfacetheissueof health and safety while working with machinery. According to Health and safety executive (HSE) has enforces the law majorly on the employer’s liability insuranceas well as HSEinspectorsthatcancheckthat employers has completed their obligations by offering approved insurer for at least £5 million. 15
Thecompanyneedtofacethefindof £2500 for any day on which the company remained without any suitable insurance (Health and Safety Executive, 2019). 3.SuppliersThe supplier’s monopoly might be an issue for company No amount is associated. 4.GovernmentIf in case any breach in government regulations The penalty will be charged which vary according to the breach done by company. 3.3 PRICING - In this section you need to outline your pricing plan Product or Service – list up to 3 Price you will chargeWhy is your price set at this level? How does this price compare to your competition? 1. Diesel Oxidation Catalyst£330 (Car treatments, 2018)This price is affordable for the customers Competitors in the market are also offering the same slot of prices. 2. Three-way Catalytic convertor £330 (Car treatments, 2018)This price is affordable for the customers Competitors in the market are also offering the same slot of prices. 2. Two-way Catalytic convertor £330 (Car treatments, 2018)This price is affordable for the customers Competitors in the market are also offering the same slot of 16
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
prices. 3.4SALES – QUANTITY– for the above products or services, what is the value of your predicted sales forecast within what timeframe? Product or Service (from table above)Predicted sales (££)Timeframe (e.g. within x weeks or months of launch; or daily/weekly/monthly sales etc) Notes: How have you arrived at this figure? How have you used your market research or test trading to forecast your target sales figures? Consider all relevant factors e.g. are your sales likely to be seasonal? Do you already have some customers lined up? What may adversely affect your sales? 1. Diesel Oxidation Catalyst49500MonthIncrease in demand 2. Three-way Catalytic convertor16500MonthMost used catalytic engine 17
Your business needs to operate according to relevant legal frameworks and regulations. You should also ensure you arecovered by appropriate insurances should anything go wrong. NeedsAssociated costs? Do you need any licences to operate your business?Yes, the business is required to take the Licence for manufacturing the catalytic converter engine. It also will need a SR2010 N13 - Use of waste Licence and FLEGT Licence for Environmental Regulations (GOV UK, 2019a). Motor Vehicles (Replacement of Catalytic Converters and Pollution Control Devices) Regulations 2009(GOV UK, 2019b). The Prices cannot be determinate as it must be stated by the Government after the approval of the business. What legal requirements are applicable to your business? (e.g. food hygiene and safety; child safeguarding; copyright; data protection; health and safety etc) Technical and legal requirements under the Consumer Rights Act 2015 for safety, design, packaging and insurance, to ensure products are safe and fit for purpose apply to business (GOV UK, 2019c). The costs of the 18 4. LEGAL/REGULATORY/INSURANCE MATTERS
technical and legal requirements cannot be determined as it must determinate by the Government. What insurance might you need to cover your business? (e.g. health and safety; professional indemnity; incapacity; 3rdparty property damage etc) Employee Health and safety insurance might be needed to cover. The insurance of the product that is offered by the company is also covered. Employee Liability (Compulsory Insurance) Act 1969, is must to be abide by the companies by the UK government. The failure of this will lead to penalty of £ 2500 under section 5 (GOV UK, 2019d). Anything else to consider? E.g. intellectual property protection, trademarks, copyright etc The company needs to consider the trademarks as well as the copyrights so that their products and service remains secure with the company (GOV UK, 2019e). Trade mark cost £170+ £42.50= 212.5 is the amount that will be faced by company (Copyright Services, 2019). 19
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Over a period of 6 months, summarise all projected costs2and turnover previously identified in your plan. Categorise them into 3 sections: Set-Up, Operational, and Projected Turnover. Add extra lines if you need them. Where a monthly cost is appropriate, use these columns. Where not, you can simply include a total BASED ON THE PRICES YOU MUST CHANGE EVERYTHING HERE! 1. SET-UP – LIST ACTIVITIES BELOWMONTHLY COSTSTOTAL COSTS OVER 6 MONTHS 123456 Research and development (Industry)10,0000000010,000 Purchase of machinery15,0000000015,000 Lease for location101,95300000101,953 TOTAL FOR SET UP£ 126,953 2. OPERATIONAL – LIST ACTIVITIES BELOW123456TOTAL COSTS OVER 6 MONTHS Purchase of Direct material17,63018,00019,50025,00027,50030,000137,630 Recruitment and Selection21,662.621,662.621,662.621,662.621,662.621,662.6129,735.6 Advertising & marketing4,896.48000004,896.48 2Santander website 20 5. FINANCIAL SUMMARY
Marketing and other misc. cost212.5570.80000783.3 Provision for insurance0000025002500 Price for creating website50000000500 Transportation cost69106910691069106910691041,460 TOTAL FOR OPERATIONAL£ 317,505.38 GRAND TOTAL SET-UP + OPERATIONAL OVER 6 MONTHS£126,953+ £317,505.38= £444,458.38 3. PROJECTED TURNOVER – LIST ACTIVITIES BELOW 123456TOTAL TURNOVER OVER 6 MONTHS Sales70,00077,00084,70093,170102,487112,736540,093 TOTAL PROJECTED TURNOVER£ 540,093 GRAND TOTAL:PROJECTED TURNOVER - (SET-UP + OPERATIONAL) =£ 444,458.38- £ 540,093= £ 95,634.62 Note:- The amount of direct material is kept according to 1000 pieces but in the coming months the demand for raw material will change due to which the data is assumed. Further, the amount of sales has been assumed. It is assumed that there is possibility that the company might need to deal with penalty related to insurance due to which it is considered in provision for insurance. The company is assuming as an expense because it might arise anytime and need to be face by company. 21
6.References Cartreatments(2018)6SymptomsofaBadCatalyticConverterandReplacementCost.Availableat: https://cartreatments.com/catalytic-converter-symptoms-and-replacement-cost/(Accessed: 11/03/2019). Copyright Services (2019)Online processing fees. Available at:https://www.copyrightservice.co.uk/services/price_list(Accessed: 11/03/2019). Count SEO (2019)Social Media Packages Pricing UK.Available at: http://www.countseo.co.uk/social-media-packages-pricing-cost- management-uk/ (Accessed: 11/03/2019). Expert Market (2019)How Much Does a Website Cost in 2019?Available at:https://www.expertmarket.co.uk/web-design/how- much-does-website-cost(Accessed: 11/03/2019). Globe Newswire (2019)Global Catalytic Converter Market Will Reach USD 79,772 Million By 2025: Zion Market Research. Availableat:https://globenewswire.com/news-release/2019/01/29/1706543/0/en/Global-Catalytic-Converter-Market-Will-Reach- USD-79-772-Million-By-2025-Zion-Market-Research.html (Accessed: 06/02/2019). GOV UK (2019a) Manufacturing. Available at:https://www.gov.uk/topic/business-enterprise/manufacturing(Accessed: 11/03/2019). GOV UK (2019b)Catalytic converters[Online]. Available from:https://www.gov.uk/government/publications/catalytic-convertors (Accessed: 11/03/2019) GOVUK(2019c)ProductSafety.Availableat:https://www.gov.uk/guidance/product-safety-for-manufacturers(Accessed: 11/03/2019). 22
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
GOVUK(2019d)Employers'Liability(CompulsoryInsurance)Act1969.Availableat: https://www.legislation.gov.uk/ukpga/1969/57/contents(Accessed: 11/03/2019). GOV UK (2019e)How copyrights protect your work.Available at:https://www.gov.uk/copyright(Accessed: 11/03/2019). HealthandSafetyExecutive(2019)Employers’Liability(CompulsoryInsurance)Act1969.Availableat: http://www.hse.gov.uk/pubns/hse40.pdf (Accessed: 19/03/2019). Madeinchina(2019)Products.Availableat: https://www.made-in-china.com/products-search/hot-china-products/Honeycomb_Ceramic_Monolith_Substrate.html(Accessed: 11/03/2019). McDunnigan, M. (2018)What Percentage Does PayPal Take Out?Available at:https://smallbusiness.chron.com/percentage- paypal-out-75971.html(Accessed: 11/03/2019). Odutola,T.(2019)IsthereaminimumamountofexpenditureforanR&Dtaxcreditclaim?Availableat: https://forrestbrown.co.uk/knowledge-bank/minimum-amount-expenditure-r-and-d-tax-credit-claim/(Accessed: 11/03/2019). PayScale(2019)AverageMarketingManagerSalary.Availableat: https://www.payscale.com/research/UK/Job=Marketing_Manager/Salary (Accessed: 11/03/2019). PRNewswire(2017)CatalyticConverterMarketWorth55.16BillionUSDby2021.Availableat: https://www.prnewswire.co.uk/news-releases/catalytic-converter-market-worth-5516-billion-usd-by-2021-618314533.html (Accessed: 06/02/2019). 23
PR Newswire (2018)Automotive Catalytic Converter Market Size to be Valued Close to $270 Billion By 2024 | Million Insights. Availableat:https://www.prnewswire.com/news-releases/automotive-catalytic-converter-market-size-to-be-valued-close-to-270- billion-by-2024--million-insights-680095993.html (Accessed: 06/02/2019). Propety Link (2019)The UK's leading real estate marketplace.Available at: https://propertylink.estatesgazette.com/property- details/6202479-unit-1a-sterling-centre-bracknell-rg12-2pw (Accessed: 19/03/2019). Smith, L. (2018)Diesel cars ditched for good in the UK in 2018 - You can no longer buy these vehicles.Available at: https://www.express.co.uk/life-style/cars/1055158/diesel-cars-UK-ditched-2018-scrappage (Acceded: 18/03/2019) TagVenue(2019)TheEngineRoom.Availableat:https://www.tagvenue.com/rooms/london/1206/runway-east-moorgate/the- engine-room (Accessed: 18/03/2019) TaiwanTrade(2019)CarCatalyticConverterCanningProductionLineEquipment.Availableat: https://www.taiwantrade.com/product/car-catalytic-converter-canning-production-line-equipment-1418222.html(Accessed: 11/03/2019). Whittington, O.R. (2015)Wiley CPAexcel Exam Review 2016 Study Guide January: Auditing and Attestation.Hoboken: John Wiley & Sons. 24
7.Appendices Appendix 1: SurveyQuestionnaire Survey Questionnaire: Guide: Please, fill or cycle your answers. Q.1Name: Q.2Age Group: 16-2526-3536-4546+ Q.3Gender: MaleFemaleOther Q.4.Marital Status: Q.5.Occupation: Q.6.Household income: Q.7.Are you a parent? YesNo Q.8. How much do you agree to the point that the use of catalytic converters in automobiles restricts the level of emissions of harmful gases from automobiles? Totally disagreeDisagreeIndifferentAgreeTotally agree Q.9. Would you like to try on a new catalytic converter that promises in generating total purification from the harmful impacts of the toxic gases for the non-electric vehicles? YesNoIndifferent 25