Revenue and sales maximization Revenue maximization Maximizing sales revenue is an alternative to profit maximization and occurs when the marginal revenue‚ MR‚ from selling an extra unit is zero. The notion that business firms (especially those operating in the real world) are primarily motivated by the desire to achieve the greatest possible level of sales‚ rather than profit maximization. On a day-to-day basis‚ most real world firms probably do try to maximize sales rather than profit. For firms
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Production data: | | Pounds in process‚ May 1: materials 100% | | complete; conversion 90% complete | 70‚000 | Pounds started into production during May | 350‚000 | Pounds completed and transferred to the next department | ? | Pounds in process‚ May 31: materials 75% complete; | | conversion 25% complete | 40‚000 | Cost data: | | Work in process inventory‚ May 1: | | Materials cost | $86‚000 | Conversion cost | $36‚000 | Cost added during May: | | Materials cost | $447
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| Do a large amount of revision and get the course work handed in by the end of term. | 2 weeks (course work)3 months (exam) | Pass AS Level Sociology. | Do revision and learn the key sociologists for each topic. | 3 months (exams) | Pass the 3 units of BTEC Level 3 Health and Social care. | Create a timetable and make deadlines for myself to get my work. | 3-4 months (coursework) | Pass my driving test. | Get my coursework finished and save money to pay for lessons. | 4 months – 1 year (theory
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article: Break-even (economics) In economics & business‚ specifically cost accounting‚ the break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain‚ and one has "broken even." A profit or a loss has not been made‚ although opportunity costs have been "paid‚" and capital has received the risk-adjusted‚ expected return.[1] It is shown graphically as the point where the total revenue and total cost curves meet. In the linear case the break-even
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Course MBA – 2nd Semester Subject Operations Research Assignment MB0048 – Set 1 Q.1. (a) what is linear programming problem? (b) A toy company manufactures two types of dolls‚ a basic version doll- A and a deluxe version doll-B. Each doll of type B takes twice as long to produce as one of type A‚ and the company would have time to make maximum of 1000 per day. The supply of plastic is sufficient to produce 1000 dolls per day (both A & B combined). The deluxe version requires
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1.0 Introduction Point-of-Sales or POS with Inventory System‚ it can help the company in billing‚ monitoring the stocks‚ and issuing of receipts‚ importing all the product and goods in a system by using databases. Large companies used inventory system even small kind of business. As we observed‚ Gee Cee bakeshop Branch V. Tiomico Corner Gen. Hizon CSFP having a difficulties in billing and monitoring and issuing of receipts and they are finding ways or solutions to improve their business and make
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often be defined by the type and value of the shoes they wear‚ but the same could be said for the opposite. People define shoes. Certain qualities and attributes of shoes are similar to those of the people one surrounds himself with. In every walk of life one will come across these shoes (and people) through experiences and adventures. However‚ similar to people‚ not every pair of shoes are suitable for every occasion. From difficult people to fitting shoes‚ some may harm while others benefit. Different
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POINT OF SALE SYSTEM FOR GOFER DRUGSTORE CHAPTER 1 THE PROBLEM AND ITS SETTINGS INTRODUCTION Technology became the fastest rising sector in the society. It is already a course in college because more and more people are becoming aware of its great help to human functions. Systems applications are being developed to minimize effort during transactions for personal use and at most to business purposes. Living in a complicated and rushed time‚ people go out and work to earn a living‚ too
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such as shoes‚ Jordan’s‚ Nike‚ and Vans. I myself I like shoes‚ but not to the extent were I have boxes and boxes piled up in my closet like some people. For example‚ I have friends who buy $300 dollar shoes or camp the night at foot locker just to get the latest Jordan’s‚ I find this shocking to believe what people are willing to do just to get a new pair of shoes. Some of my friends have a collection of Jordan’s stacked up against their wall of a value roughly around 3 to 4‚000 dollars shocking
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REVIEW OF RELATED LITERATURE 2.1 INTRODUCTION The data collection used as references to gain information during the research conducted. This literature reviews discuss about the information gathered by reading journals and websites. It explains several important terms being used in developing a Student Information Management System. While‚ project methodology is methods or technique used to complete this project. This chapter covers the related literature and brief analogy of
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