unit (such as a department) did not exist‚ would this cost not be in existence?” Indirect costs‚ in contrast‚ are incurred for the overall operation and not for any one unit. Because they are shared‚ indirect costs are sometimes called joint costs or 49 6 Progress Notes After completing this chapter‚ you should be able to 1. Distinguish between direct and indirect costs. 2. Understand why the difference is important to management. 3. Understand the composition and purpose of
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2. Individual Level M-PESA’s initial individual level business model focused on the person-to-person transfers‚ but it has grown to include person-to-business and business to business transactions. The former transaction‚ person to person‚ is for facilitating individual’s access to financial services like mobile money transfer and the latter is for mobile payment involving business. Person to Business (P2B) and Business to Business (B2B) M-PESA has evolved into a payment platform that lets businesses
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Table 7.5 A company makes four products that have the following characteristics: Product A sells for $50 but needs $10 of materials and $15 of labor to produce; Product B sells for $75 but needs $30 of materials and $15 of labor to produce; Product C sells for $100 but needs $50 of materials and $30 of labor to produce; Product D sells for $150 but needs $75 of materials and $40 of labor to produce. The processing requirements for each product on each of the four machines are shown in the table
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Archimedes was one of the greatest philosophers who lived from 287 BC to 211 BC in Syracuse. Archimedes was a physicist‚ astronomer‚ engineer and mathematician who discovered and invented machines such as the Archimedean screw‚ Archimedes principle‚ Archimedean spiral‚ Archimedes claw‚ planetarium‚ compound pulley system and many war machines. His greatest contributions were in geometry and his methods and ideas started the idea of calculus and finding the density of an object without damaging the
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diagram. The phases of the business cycle from points A to D are‚ respectively: A. peak‚ recession‚ expansion‚ trough. B. trough‚ expansion‚ expansion‚ peak. C. expansion‚ recession‚ trough‚ peak. D. peak‚ recession‚ trough‚ expansion. 2. Refer to the above diagram. The straight line E drawn through the wavy lines would provide an estimate of the: A. recession fluctuation. B. growth trend. C. natural rate of unemployment. D. expansion trend. 3. Most economists believe that the immediate
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prefer to “learn as you go”? Since I was 3 years old‚ my mother took me to English classes once a week until I was 13 years old. I went to a Spanish school‚ and I vaguely remember learning grammar at that school. As I´m bilingual my Spanish teacher let me read English books or even do my homework from my private English classes. I remember my Spanish schoolmates asking me to help them with their homework‚ and asking me why I had done it that way‚ and I would say that I didn´t know why‚ but for me
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Assignment 7: Careers 1. Describe at least three specific individual differences that may give you an advantage inthe workplace. One specific difference that can give you an advantage in the workplace is diversity. Rapidinnovation can also be essential in the workplace. Productivity is another good advantage in theworkplace. 2. Choose an industry you might be interested in working in‚ and explain why this industryinterests you. An industry that I would be interested in working in would be the fashion
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on its understanding of customer‚ a company develops its marketing mix. Marketing creation of customer interest and retention of customers if this can be done at a profit. H&M spends a hefty 4 percent of revenue on marketing as valuable investment. At current sale level‚ the chain is the largest apparel retailer in Europe. H&M is not just a store chain; it is a money-making machine. The marketing orientation vs production orientation Marketing orientation companies focus on customer needs like
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&mHistory of H&M H & M‚ (Hennes & Mauritz AB) is a Swedish multinational retail-clothing company‚ known for its trendy fashion clothing for men‚ women‚ teenagers and children. It started out as a single womenswear store in 1947‚ and subsequently transformed to a global company offering fashion for the whole family‚ and their home. The business concept is to give the customer unbeatable value by offering fashion and quality at the best price. H&M ensures the best price by having
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Support your arguments with evidence from the case study. (20%) Question 2. Conduct a value chain analysis to assess H&M’s capabilities and derive its core competencies. (35%) Question 3. Based on these competencies identify the generic competitive strategy which H&M is pursuing. (10%) Question 4. It is suggested in the case study that the fashion industry is full of companies that have confidently expanded into international markets but later have been forced to retreat. Analyze the international
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