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    {
        "page": 1,
        "items": [
            {
                "page": 1,
                "type": "TITLE",
                "location": {
                    "l": 163.44,
                    "t": 409.44,
                    "r": 634.56,
                    "b": 308.16
                },
                "text": "Developing a Cooperative Marketing Plan",
                "reading_order": 0,
                "level": 2
            },
            {
                "page": 1,
                "type": "TEXT",
                "location": {
                    "l": 121.68,
                    "t": 192.48,
                    "r": 623.52,
                    "b": 121.44
                },
                "text": "Kentucky Center for Agriculture & Rural Development (KCARD)",
                "reading_order": 1
            }
        ]
    },
    {
        "page": 2,
        "items": [
            {
                "page": 2,
                "type": "TITLE",
                "location": {
                    "l": 177.36,
                    "t": 491.28,
                    "r": 575.76,
                    "b": 448.8
                },
                "text": "What is a Cooperative?",
                "reading_order": 0,
                "level": 3
            },
            {
                "page": 2,
                "type": "TEXT",
                "location": {
                    "l": 78,
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                    "r": 360,
                    "b": 375.6
                },
                "text": "Simple Definitions:",
                "reading_order": 1
            },
            {
                "page": 2,
                "type": "TEXT",
                "location": {
                    "l": 75.6,
                    "t": 367.2,
                    "r": 661.68,
                    "b": 262.56
                },
                "text": "“An enterprise or organization owned by and operated for the benefit of those using its services” (Merriam-Webster Dictionary)",
                "reading_order": 2
            },
            {
                "page": 2,
                "type": "TEXT",
                "location": {
                    "l": 76.8,
                    "t": 213.84,
                    "r": 672.96,
                    "b": 109.68
                },
                "text": "“A cooperative is a business owned and controlled by the people that it services.” (Larry Snell, former Ex. Director, KCARD)",
                "reading_order": 3
            }
        ]
    },
    {
        "page": 3,
        "items": [
            {
                "page": 3,
                "type": "TITLE",
                "location": {
                    "l": 76.32,
                    "t": 490.56,
                    "r": 597.84,
                    "b": 447.6
                },
                "text": "Co-ops Today by the Numbers",
                "reading_order": 0,
                "level": 3
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            {
                "page": 3,
                "type": "TEXT",
                "location": {
                    "l": 77.76,
                    "t": 406.56,
                    "r": 583.44,
                    "b": 377.28
                },
                "text": "More than 400,000 cooperatives in the US",
                "reading_order": 1
            },
            {
                "page": 3,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
                    "t": 366,
                    "r": 559.92,
                    "b": 336.96
                },
                "text": "Serve more than 130.5 million members",
                "reading_order": 2
            },
            {
                "page": 3,
                "type": "TEXT",
                "location": {
                    "l": 77.76,
                    "t": 325.68,
                    "r": 627.12,
                    "b": 195.84
                },
                "text": "Nation's 100 largest co-ops, representing agriculture, finance, housing, energy, and hardware sectors reported over $226 billion in sales in 2012",
                "reading_order": 3
            },
            {
                "page": 3,
                "type": "TEXT",
                "location": {
                    "l": 76.08,
                    "t": 186.48,
                    "r": 439.44,
                    "b": 160.08
                },
                "text": "(Source: National Cooperative Bank)",
                "reading_order": 4
            }
        ]
    },
    {
        "page": 4,
        "items": [
            {
                "page": 4,
                "type": "TITLE",
                "location": {
                    "l": 73.92,
                    "t": 516,
                    "r": 617.52,
                    "b": 426.72
                },
                "text": "Kentucky Co-ops: Hopkinsville Elevator",
                "reading_order": 0,
                "level": 2
            },
            {
                "page": 4,
                "type": "TEXT",
                "location": {
                    "l": 78.48,
                    "t": 408.48,
                    "r": 521.76,
                    "b": 381.84
                },
                "text": "Established in 1968 with 180 members",
                "reading_order": 1
            },
            {
                "page": 4,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
                    "t": 373.44,
                    "r": 547.2,
                    "b": 317.76
                },
                "text": "6 locations with over 2300 members from surrounding 34 counties",
                "reading_order": 2
            },
            {
                "page": 4,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
                    "t": 310.56,
                    "r": 510.96,
                    "b": 252.24
                },
                "text": "Agri-Chem, HEC Crop Insurance, and Commonwealth Agri-Energy",
                "reading_order": 3
            },
            {
                "page": 4,
                "type": "FIGURE",
                "location": {
                    "l": 222.48,
                    "t": 240.24,
                    "r": 498.24,
                    "b": 33.6
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                "text": "",
                "reading_order": 4
            }
        ]
    },
    {
        "page": 5,
        "items": [
            {
                "page": 5,
                "type": "TITLE",
                "location": {
                    "l": 76.08,
                    "t": 515.28,
                    "r": 572.16,
                    "b": 426.72
                },
                "text": "Kentucky Co-ops: Lexington\nFarmers Market",
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                "level": 3
            },
            {
                "page": 5,
                "type": "TEXT",
                "location": {
                    "l": 78.72,
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                "text": "Established in 1975",
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            {
                "page": 5,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
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                    "b": 348.48
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                "text": "75+ members",
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            },
            {
                "page": 5,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
                    "t": 338.88,
                    "r": 642.48,
                    "b": 282
                },
                "text": "Members pay annual dues, booth space rental per marketing day, gate fees per marketing day",
                "reading_order": 3
            },
            {
                "page": 5,
                "type": "TEXT",
                "location": {
                    "l": 79.44,
                    "t": 275.04,
                    "r": 291.84,
                    "b": 249.36
                },
                "text": "Multiple locations",
                "reading_order": 4
            },
            {
                "page": 5,
                "type": "FIGURE",
                "location": {
                    "l": 90.48,
                    "t": 241.44,
                    "r": 330.72,
                    "b": 60
                },
                "text": "",
                "reading_order": 5
            },
            {
                "page": 5,
                "type": "FIGURE",
                "location": {
                    "l": 383.52,
                    "t": 247.44,
                    "r": 630.48,
                    "b": 61.92
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                "text": "",
                "reading_order": 6
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        ]
    },
    {
        "page": 6,
        "items": [
            {
                "page": 6,
                "type": "TITLE",
                "location": {
                    "l": 75.36,
                    "t": 515.28,
                    "r": 561.6,
                    "b": 423.6
                },
                "text": "Kentucky Co-ops: Kentucky Organic Farm & Feed",
                "reading_order": 0,
                "level": 2
            },
            {
                "page": 6,
                "type": "TEXT",
                "location": {
                    "l": 77.76,
                    "t": 408,
                    "r": 352.32,
                    "b": 378.24
                },
                "text": "Established in 2009",
                "reading_order": 1
            },
            {
                "page": 6,
                "type": "TEXT",
                "location": {
                    "l": 77.76,
                    "t": 367.68,
                    "r": 618.96,
                    "b": 335.76
                },
                "text": "Organic Feed Mill Located in Guthrie, KY",
                "reading_order": 2
            },
            {
                "page": 6,
                "type": "TEXT",
                "location": {
                    "l": 78.72,
                    "t": 327.12,
                    "r": 552.96,
                    "b": 265.2
                },
                "text": "18 Members who are Organic Dairy Producers",
                "reading_order": 3
            },
            {
                "page": 6,
                "type": "FIGURE",
                "location": {
                    "l": 144.24,
                    "t": 264,
                    "r": 557.04,
                    "b": 64.08
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                "text": "",
                "reading_order": 4
            }
        ]
    },
    {
        "page": 7,
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                "page": 7,
                "type": "TITLE",
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                    "l": 76.08,
                    "t": 515.52,
                    "r": 592.8,
                    "b": 426.48
                },
                "text": "Kentucky Co-ops: Central KY Growers Association",
                "reading_order": 0,
                "level": 2
            },
            {
                "page": 7,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
                    "t": 407.52,
                    "r": 576.24,
                    "b": 377.28
                },
                "text": "Established in 1998, Georgetown, KY",
                "reading_order": 1
            },
            {
                "page": 7,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
                    "t": 370.08,
                    "r": 519.12,
                    "b": 339.36
                },
                "text": "Vegetable marketing cooperative",
                "reading_order": 2
            },
            {
                "page": 7,
                "type": "TEXT",
                "location": {
                    "l": 79.2,
                    "t": 333.36,
                    "r": 589.68,
                    "b": 266.88
                },
                "text": "Cabbage, cucumbers, fall décor, green peppers, pumpkins",
                "reading_order": 3
            },
            {
                "page": 7,
                "type": "FIGURE",
                "location": {
                    "l": 72.24,
                    "t": 242.16,
                    "r": 318.48,
                    "b": 56.4
                },
                "text": "",
                "reading_order": 4
            },
            {
                "page": 7,
                "type": "FIGURE",
                "location": {
                    "l": 371.04,
                    "t": 240.72,
                    "r": 639.6,
                    "b": 50.4
                },
                "text": "",
                "reading_order": 5
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        ]
    },
    {
        "page": 8,
        "items": [
            {
                "page": 8,
                "type": "FIGURE",
                "location": {
                    "l": 0,
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                    "r": 47.04,
                    "b": 160.08
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                "reading_order": 0
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            {
                "page": 8,
                "type": "TITLE",
                "location": {
                    "l": 76.32,
                    "t": 488.64,
                    "r": 647.28,
                    "b": 451.2
                },
                "text": "Economic Principles of Cooperatives",
                "reading_order": 1,
                "level": 3
            },
            {
                "page": 8,
                "type": "TEXT",
                "location": {
                    "l": 78.72,
                    "t": 406.8,
                    "r": 665.04,
                    "b": 353.04
                },
                "text": "User-Owned: The people who own and finance the co-op are those who use it",
                "reading_order": 2
            },
            {
                "page": 8,
                "type": "TEXT",
                "location": {
                    "l": 77.52,
                    "t": 343.2,
                    "r": 670.56,
                    "b": 260.4
                },
                "text": "User-Controlled: The people who use the co-op control it via “One Member-One Vote” on major organization decisions and electing board of directors",
                "reading_order": 3
            },
            {
                "page": 8,
                "type": "TEXT",
                "location": {
                    "l": 76.56,
                    "t": 251.28,
                    "r": 665.28,
                    "b": 82.08
                },
                "text": "User-Benefited: The sole purpose of the cooperative is to provide and distribute benefits to members on the basis of their use of the services of the cooperative. (Operation (Service) at Cost, Patronage Refunds, Improved Pricing, Market Access to Goods and Services otherwise not available)",
                "reading_order": 4
            }
        ]
    },
    {
        "page": 9,
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            {
                "page": 9,
                "type": "TITLE",
                "location": {
                    "l": 76.08,
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                    "r": 464.4,
                    "b": 447.12
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                "text": "Cooperative Principles",
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                "level": 3
            },
            {
                "page": 9,
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                    "l": 0,
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                    "r": 47.52,
                    "b": 154.32
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                "text": "",
                "reading_order": 1
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            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 77.52,
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                    "r": 485.76,
                    "b": 375.6
                },
                "text": "Voluntary and Open Membership",
                "reading_order": 2
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
                    "t": 365.76,
                    "r": 434.64,
                    "b": 337.2
                },
                "text": "Democratic Member Control",
                "reading_order": 3
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 76.8,
                    "t": 325.92,
                    "r": 474,
                    "b": 296.16
                },
                "text": "Member Economic Participation",
                "reading_order": 4
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 76.8,
                    "t": 285.12,
                    "r": 439.44,
                    "b": 255.36
                },
                "text": "Autonomy and Independence",
                "reading_order": 5
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 77.52,
                    "t": 245.28,
                    "r": 528,
                    "b": 215.28
                },
                "text": "Education, Training, and Information",
                "reading_order": 6
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 78,
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                    "r": 485.04,
                    "b": 173.76
                },
                "text": "Cooperation among Cooperatives",
                "reading_order": 7
            },
            {
                "page": 9,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
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                    "b": 133.92
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                "text": "Concern for Community",
                "reading_order": 8
            }
        ]
    },
    {
        "page": 10,
        "items": [
            {
                "page": 10,
                "type": "FIGURE",
                "location": {
                    "l": 0,
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            {
                "page": 10,
                "type": "TITLE",
                "location": {
                    "l": 76.08,
                    "t": 490.8,
                    "r": 611.28,
                    "b": 447.84
                },
                "text": "Cooperative Business Structure",
                "reading_order": 1,
                "level": 3
            },
            {
                "page": 10,
                "type": "TITLE",
                "location": {
                    "l": 78.48,
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                    "r": 246.72,
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                },
                "text": "Cooperative",
                "reading_order": 2,
                "level": 4
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 101.04,
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                    "r": 475.44,
                    "b": 336.96
                },
                "text": "Control - Members elect board.",
                "reading_order": 3
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 101.28,
                    "t": 326.4,
                    "r": 514.32,
                    "b": 294.96
                },
                "text": "Capital - Members provide equity.",
                "reading_order": 4
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 101.28,
                    "t": 285.6,
                    "r": 659.76,
                    "b": 255.36
                },
                "text": "Liability - Liability is limited to their investment.",
                "reading_order": 5
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 102,
                    "t": 245.52,
                    "r": 664.08,
                    "b": 180.48
                },
                "text": "Earnings - Profits are shared by members based on patronage; limited by law (8% in KY)",
                "reading_order": 6
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 101.04,
                    "t": 170.88,
                    "r": 604.8,
                    "b": 107.52
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                "text": "Taxes - Income taxed either as corporate income or as member income.",
                "reading_order": 7
            },
            {
                "page": 10,
                "type": "TEXT",
                "location": {
                    "l": 100.8,
                    "t": 97.44,
                    "r": 456.24,
                    "b": 68.16
                },
                "text": "Life - Perpetual existence.",
                "reading_order": 8
            },
            {
                "page": 10,
                "type": "FIGURE",
                "location": {
                    "l": 549.12,
                    "t": 66.96,
                    "r": 676.32,
                    "b": 7.68
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                "text": "",
                "reading_order": 9
            }
        ]
    },
    {
        "page": 11,
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                "page": 11,
                "type": "FIGURE",
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                    "l": 0,
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            {
                "page": 11,
                "type": "TITLE",
                "location": {
                    "l": 76.08,
                    "t": 490.08,
                    "r": 435.84,
                    "b": 448.32
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                "text": "Cooperative Benefits",
                "reading_order": 1,
                "level": 3
            },
            {
                "page": 11,
                "type": "TEXT",
                "location": {
                    "l": 78.72,
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                "text": "Cooperatives exist to meet their members needs. Focus is on service not investment.",
                "reading_order": 2
            },
            {
                "page": 11,
                "type": "TEXT",
                "location": {
                    "l": 78,
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                "text": "Cooperatives are owned and controlled by their members. Increased local control keeps the co-op in the community.",
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            },
            {
                "page": 11,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
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                    "r": 657.12,
                    "b": 162.24
                },
                "text": "Earnings return to members. Co-ops keep money in the community.\nBenefits reflected with: patronage refunds, better prices, services otherwise unavailable, access to markets, and assures sources of supplied",
                "reading_order": 4
            },
            {
                "page": 11,
                "type": "TEXT",
                "location": {
                    "l": 78,
                    "t": 153.84,
                    "r": 655.2,
                    "b": 64.56
                },
                "text": "Benefits reflected with: patronage refunds, better prices, services otherwise unavailable, access to markets, and assures sources of supplied",
                "reading_order": 5
            }
        ]
    },
    {
        "page": 12,
        "items": [
            {
                "page": 12,
                "type": "TITLE",
                "location": {
                    "l": 76.32,
                    "t": 490.32,
                    "r": 603.6,
                    "b": 447.6
                },
                "text": "Disadvantages of Cooperatives",
                "reading_order": 0,
                "level": 3
            },
            {
                "page": 12,
                "type": "TEXT",
                "location": {
                    "l": 77.76,
                    "t": 406.56,
                    "r": 297.84,
                    "b": 376.08
                },
                "text": "Access to capital",
                "reading_order": 1
            },
            {
                "page": 12,
                "type": "TEXT",
                "location": {
                    "l": 76.8,
                    "t": 366.48,
                    "r": 529.68,
                    "b": 336
                },
                "text": "Cost of member and public education",
                "reading_order": 2
            },
            {
                "page": 12,
                "type": "TEXT",
                "location": {
                    "l": 76.56,
                    "t": 325.44,
                    "r": 484.56,
                    "b": 295.68
                },
                "text": "Investment in democratic process",
                "reading_order": 3
            },
            {
                "page": 12,
                "type": "TEXT",
                "location": {
                    "l": 77.04,
                    "t": 285.6,
                    "r": 425.04,
                    "b": 255.36
                },
                "text": "Limit in scope of operations",
                "reading_order": 4
            },
            {
                "page": 12,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
                    "t": 245.04,
                    "r": 622.8,
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                "text": "Co-ops are only as good as their members ask them to be.",
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            }
        ]
    },
    {
        "page": 13,
        "items": [
            {
                "page": 13,
                "type": "TITLE",
                "location": {
                    "l": 124.32,
                    "t": 490.56,
                    "r": 631.2,
                    "b": 448.08
                },
                "text": "Elements of a Marketing Plan",
                "reading_order": 0,
                "level": 3
            },
            {
                "page": 13,
                "type": "TEXT",
                "location": {
                    "l": 78,
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                    "r": 699.6,
                    "b": 73.92
                },
                "text": "Market Research & Analysis\nDevelopment of Marketing Goals\nIdentification of Target Market\nMarketing Mix (4 P's of Marketing)\nProduct\nPrice\nPromotion\nPlace\nEvaluation Methods",
                "reading_order": 1
            },
            {
                "page": 13,
                "type": "TEXT",
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                    "l": 0,
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                "text": "Price",
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            }
        ]
    },
    {
        "page": 14,
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            {
                "page": 14,
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                "page": 14,
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                    "l": 76.08,
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                "text": "Market Research & Analysis",
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                "level": 3
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                "page": 14,
                "type": "TITLE",
                "location": {
                    "l": 79.2,
                    "t": 407.28,
                    "r": 293.76,
                    "b": 377.52
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                "text": "Identify Trends",
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                "level": 4
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                "page": 14,
                "type": "TEXT",
                "location": {
                    "l": 112.56,
                    "t": 368.4,
                    "r": 641.52,
                    "b": 282.48
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                "text": "What are the trends that are impacting your business? Examples could include local food movement; product differentiations; food safety",
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                "page": 14,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
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                "text": "Understand the Market",
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                "page": 14,
                "type": "TEXT",
                "location": {
                    "l": 112.56,
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                    "r": 295.44,
                    "b": 208.32
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                "text": "Demographics",
                "reading_order": 6
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                "page": 14,
                "type": "TEXT",
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                    "l": 113.04,
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                "page": 14,
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                    "l": 113.52,
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                "page": 14,
                "type": "TEXT",
                "location": {
                    "l": 79.44,
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                    "r": 390.48,
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                "text": "Sources of Information",
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                "page": 15,
                "type": "TITLE",
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                "page": 15,
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                "location": {
                    "l": 111.84,
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                "page": 16,
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                "text": "Goals may include measures for:",
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                "page": 16,
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                "location": {
                    "l": 113.28,
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                "page": 16,
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                "page": 16,
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                "type": "TITLE",
                "location": {
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                "page": 17,
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                "location": {
                    "l": 113.28,
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                "page": 17,
                "type": "TEXT",
                "location": {
                    "l": 77.28,
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                    "r": 346.32,
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                "page": 17,
                "type": "TEXT",
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                "page": 17,
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                "location": {
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                "text": "Products & Services",
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                "level": 3
            },
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                "page": 18,
                "type": "TEXT",
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                "page": 18,
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                "page": 19,
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                "page": 19,
                "type": "TITLE",
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                    "l": 76.32,
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                "text": "Market Positioning",
                "reading_order": 1,
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                "page": 19,
                "type": "TEXT",
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                "page": 19,
                "type": "TEXT",
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                "page": 19,
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                "text": "Pricing",
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                "page": 20,
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                "page": 20,
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                "page": 20,
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                "text": "Pricing Strategies",
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                "page": 21,
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                    "b": 375.6
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                "page": 21,
                "type": "TEXT",
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                "text": "Cost-Based or Margin-Based Pricing",
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            },
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                "page": 21,
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                "page": 21,
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            },
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                "page": 21,
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                "page": 21,
                "type": "TEXT",
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                "reading_order": 7
            },
            {
                "page": 21,
                "type": "TEXT",
                "location": {
                    "l": 78.96,
                    "t": 166.56,
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                "page": 22,
                "type": "TITLE",
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                "page": 22,
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                    "l": 0,
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                "text": "Identify Marketing Channel and Distribution Requirements\nIn-house or Third Party Transportation\nWholesale Marketing Channels\nGrocery\nRestaurant\nInstitutions\nDirect Marketing Channels\nFarmers Market\nOn-Farm Store\nCSA\nInternet/Mail Order",
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        "page": 23,
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                "page": 23,
                "type": "TITLE",
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                "page": 23,
                "type": "TEXT",
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                "page": 23,
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            },
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                "page": 23,
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                "location": {
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                "page": 23,
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                "text": "Signs",
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                "page": 23,
                "type": "TEXT",
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                "text": "Events",
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                "page": 23,
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                    "l": 113.52,
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                "page": 24,
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                "text": "Evaluation Methods",
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                "page": 24,
                "type": "TEXT",
                "location": {
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                "page": 24,
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                "location": {
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                "page": 24,
                "type": "TEXT",
                "location": {
                    "l": 113.04,
                    "t": 221.28,
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                "text": "Financial Benchmarks",
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                "page": 24,
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                "text": "Key Performance Measures",
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                "page": 24,
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                    "b": 50.16
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                "text": "Sales Forecast\n3-5 years\nBroken down by Product Line",
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    },
    {
        "page": 25,
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                "page": 25,
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                "page": 25,
                "type": "TITLE",
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                "text": "Financial Benchmarks",
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                "level": 3
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                "page": 25,
                "type": "TITLE",
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                    "l": 79.44,
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                "text": "Profitability Ratios",
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                "level": 4
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            {
                "page": 25,
                "type": "TEXT",
                "location": {
                    "l": 112.08,
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                    "r": 429.12,
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                "text": "Profit Margin (Net Income/Sales)",
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            {
                "page": 25,
                "type": "TEXT",
                "location": {
                    "l": 112.08,
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                    "r": 439.2,
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                "text": "Gross Margin (Gross Profit/Sales)",
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                "page": 25,
                "type": "TEXT",
                "location": {
                    "l": 112.08,
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                "text": "Return on Equity (Net Income/Total Equity)",
                "reading_order": 5
            },
            {
                "page": 25,
                "type": "TITLE",
                "location": {
                    "l": 79.44,
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                    "b": 231.36
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                "text": "Liquidity Ratios",
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                "level": 4
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            {
                "page": 25,
                "type": "TEXT",
                "location": {
                    "l": 111.6,
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                "text": "Current Ratio (Current Assets/Current Liabilities)",
                "reading_order": 7
            },
            {
                "page": 25,
                "type": "TEXT",
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                    "l": 112.08,
                    "t": 197.04,
                    "r": 587.04,
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                "text": "Working Capital (Current Assets-Current Liabilities",
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        ]
    },
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                "text": "Financial Benchmarks",
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                "level": 3
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                "type": "TITLE",
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                "page": 26,
                "type": "TEXT",
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                    "l": 111.6,
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                "text": "Labor to Sales Ratio (Total Personnel Expenses/Sales)",
                "reading_order": 3
            },
            {
                "page": 26,
                "type": "TEXT",
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            {
                "page": 26,
                "type": "TEXT",
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                    "r": 473.28,
                    "b": 293.52
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                "text": "Inventory Turnover (COGS/Inventory)",
                "reading_order": 5
            },
            {
                "page": 26,
                "type": "TITLE",
                "location": {
                    "l": 79.2,
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                    "r": 348.72,
                    "b": 227.28
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                "text": "Debt and Risk Ratios",
                "reading_order": 6,
                "level": 5
            },
            {
                "page": 26,
                "type": "TEXT",
                "location": {
                    "l": 111.6,
                    "t": 219.84,
                    "r": 578.16,
                    "b": 196.56
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                "text": "Debt to Asset Ratio (Total Liabilities/Total Assets)",
                "reading_order": 7
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            {
                "page": 26,
                "type": "TEXT",
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                    "l": 112.08,
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                    "r": 618.96,
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                "text": "Debt Service Coverage ((Net Income + Depreciation + Interest)/Loan Payments)",
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    },
    {
        "page": 27,
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                "page": 27,
                "type": "TITLE",
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                "text": "Performance Measures",
                "reading_order": 0,
                "level": 3
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 78.24,
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                    "r": 613.68,
                    "b": 343.2
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                "text": "Designed for Your Business and Beyond\nSales and Expenses",
                "reading_order": 1
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 78.48,
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                    "r": 644.64,
                    "b": 270.48
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                "text": "Measure Performance for Specific Areas of Business",
                "reading_order": 2
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 78,
                    "t": 260.16,
                    "r": 336.24,
                    "b": 228.48
                },
                "text": "Examples include:",
                "reading_order": 3
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 112.8,
                    "t": 220.56,
                    "r": 384.96,
                    "b": 190.8
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                "text": "Sales per transaction",
                "reading_order": 4
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 113.04,
                    "t": 182.88,
                    "r": 332.88,
                    "b": 153.6
                },
                "text": "# of transactions",
                "reading_order": 5
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 113.28,
                    "t": 145.68,
                    "r": 357.6,
                    "b": 115.68
                },
                "text": "Labor cost per unit",
                "reading_order": 6
            },
            {
                "page": 27,
                "type": "TEXT",
                "location": {
                    "l": 114,
                    "t": 107.76,
                    "r": 437.76,
                    "b": 77.52
                },
                "text": "# units produced per hour",
                "reading_order": 7
            }
        ]
    },
    {
        "page": 28,
        "items": [
            {
                "page": 28,
                "type": "TEXT",
                "location": {
                    "l": 75.36,
                    "t": 491.28,
                    "r": 211.92,
                    "b": 446.4
                },
                "text": "Closing",
                "reading_order": 0
            },
            {
                "page": 28,
                "type": "TEXT",
                "location": {
                    "l": 78.72,
                    "t": 407.28,
                    "r": 362.88,
                    "b": 365.52
                },
                "text": "Any Questions?",
                "reading_order": 1
            },
            {
                "page": 28,
                "type": "TEXT",
                "location": {
                    "l": 79.2,
                    "t": 354.96,
                    "r": 236.64,
                    "b": 316.08
                },
                "text": "Thanks!",
                "reading_order": 2
            }
        ]
    }
]