1A) What is the definition of opportunity cost? The best alternative that we forgo‚ or give up‚ when we make a choice or a decision is called the opportunity cost of that decision. 1B) Eason wants to spend $15 to buy a pack of sandwiches or a bowl of fish-ball noodles form a street hawker. Explain the effect on Eason’s opportunity cost of buying the sandwiches if a cockroach is found inside the noodle soup. Eason’s opportunity cost of buying the sandwiches is a bowl of fish-ball noodles‚ however
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Dell’s Business Environment Breena Stevens MANAGEMENT/521 October 01‚ 2012 Holly Hitzemann Businesses have to compete against other organizations and an effective way to analyze a business financial status is by completing a business analysis. Investors have to review reports to determine the company’s financial health. Business analysis consists of gathering financial data‚ trend analysis‚ business strategies‚ and market research. Essential to gather the financial data to compare when
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You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below. Business Plan Business Plan 1. Provide complete answers to each question. Be specific in your responses. 2. You are expected to utilize any research you have done or knowledge about the business to describe your plan. 3. Be sure to describe your rationale for crucial
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THE UTILITY CONCEPT THE term utility refers to satisfaction a consumer gets from whatever goods and services he consumes. It will be useful to discuss between two utility concepts: (i) total utility (ii) marginal utility Total utility attained from a commodity refers to the sum total of satisfaction which a consumer receives by consuming the various units of the commodity. The more units he consumes‚ the greater will be his total satisfaction upto a certain point. As he keeps on
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Analysis Of Strategic Direction Of The Organisation Business Essay Strategy is a word of military origin and now refers to a plan of action designed to achieve a particular goal. In military usage strategy is distinct from tactics‚ which are concerned with the conduct of an engagement‚ while strategy is concerned with how different engagements are linked. Strategy is a certain course of action to meet designed goals and objectives‚ generally supposed to remain unchanged for a fairly long time period
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Macro Business Environment: There are many different environments in marketing which will influence how successful a product will be. With a well rounded marketing plan‚ and taking into account the many different aspects of the environment any product can have a chance at success. The air blade fits extremely well into the macro business analysis. Aspects such as trends technology‚ economic‚ natural area‚ cultural will domestic will be discussed . Every area in the macro business environment is important
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when the subject is a taboo or uninteresting in reality‚ the writer can make its readers suspend their objections and judgments‚ opening a room to rethink and explore on the subject. Using two poet’s works as comparison‚ we can see how prosody can be represented in the text. Using selected poems by these two writers‚ Langston Hughes and Gwendolyn Brooks‚ also helps us in determining how significant prosody in the completeness of the poems. Born in 1902‚ Langston Hughes was raised mainly by his
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action can affect BA’s operation can be stakeholders of British Airways. Stake holder can be either internal or external. Internal stakeholders: are those who are involved with business internally for example owners‚ shareholders‚ managers and employees. External Stakeholders: are those who are involved in business externally for example customers‚ suppliers‚ local community and government. Owner: Since BA is public Limited Company so it belongs to its share holders. More control goes to
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CU685 Produce documents in a business environment. 1. 1.1. The different styles of documents that could be used are spreadsheets‚ data sheets‚ slide shows‚ letters‚ fax documents and memos. The documents could be printed or they could be electronic format. 1.2. When you create a document and store it onto your computed you can save it as different formats e.g. plain text (.txt) Microsoft word (.doc). PDF is another format that can be used but is not editable but you are able to change the
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A STUDY ON CUSTOMER RELATIONSHIP MANAGEMENT (CRM) IN SELECTED COMMERCIAL BANKS IN TAMIL NADU INTRODUCTION This aim of a business concern is to get profits. This concern works for a business having a long-term approach towards satisfying customer needs. Customer retention is the purpose of their business. The trend in marketing towards building relationships with customers continues to grow and marketers have become increasingly interested in retaining customers over the long run. Building
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