Sales Maximization A reasonable‚ and often pursued objective of firms is to maximize sales‚ that is‚ to sell as much output as possible. Clearly sales lead to revenue‚ meaning that maximizing sales is also bound to maximize revenue. But as the analysis of short-run production indicates‚ maximizing sales does NOT necessarily maximize profit. So why do firms do it? Are firms unreasonable? Are they irrational? Do they NOT understand the basic economic principles of short-run production? For some firms
Premium Profit maximization Economics
Introduction Since the time of Enlightenment‚ Western ideas of health have been dominated by the biomedical approach. The basis on which these opinions are founded is that an individual is not responsible for their illness and that the mind and body work separately from each other. Health‚ in the eyes of this approach can be deemed as simply the absence of disease. Part of the reason this vision of health has dominated so much‚ is that it’s practiced by the majority of the health professionals and
Premium Illness Disability Health
that involve the contribution of neuron structure‚ electrical and chemical synapse‚ as well as neurotransmitters. Nerve cells are the basic functioning component in the nervous system. Every part of the system is comprised of neurons that collect and distribute information to make the body function. All neurons consist of four main components; a soma‚ dendrites‚ an axon and its terminals. The soma is a cell
Premium Neuron Nervous system Action potential
The Components of an Information System A system is a group of components that work together to achieve a purpose. There are five components that make up an information system. The five components are Hardware‚ Software‚ Data‚ Procedures‚ and People. These five components make up every information system from the smallest system to the most complex system. The first component is the hardware‚ which are electronic components and related gadgetry that input‚ process‚ output‚ store‚ and communicate
Premium Computer Computer program Computer software
Management Approach ------------------------------------------------- PERFORMANCE Overview and Strategy PepsiCo has the world’s largest portfolio of billion-dollar food and beverage brands‚ including 22 different brands that each generate more than $1 billion in annual retail sales. As well as our core brands—Pepsi-Cola‚ Lay’s‚ Quaker Oats‚ Tropicana and Gatorade—we make hundreds of other nutritious and delicious‚ convenient and fun foods and drinks that bring joy to our consumers in more than
Premium Sustainability Agriculture
Discuss and illustrate by way of examples the role that a sales person plays in modern marketing organisations There are various types of personal selling jobs‚ and the role of personal selling can vary from one company to another. Selling is one of the oldest professions in the world. The person in charge of the sales go by many names: salespeople‚ sales representatives‚ account executives‚ sales consultants‚ sales engineers‚ agents‚ district managers‚ marketing representatives‚ and account development
Premium Sales Marketing Customer service
Sales and Marketing Paper August 24‚ 2009 Intro While sales and marketing are sometimes split into two different areas it is important that these two areas work together to achieve a goal for the lodging industry‚ this goal‚ simply put‚ is to increase revenue. This paper will discuss how the sales and marketing departments work together to achieve this goal‚ and how they differ. Included in the discussion will be the importance of STP (Segmentation‚ Targeting and Positioning) and the
Premium Sales Marketing Customer service
problem of the study is that store is having difficulties in sales transaction and monitoring of sales. B. Specific Problem: 1. Slow transaction 2. Unorganized sales reports * Objectives of the Study A. General Objectives: The general Objectives of the study is to generate an Point of Sales and Inventory System for the Bernada’s Store to eliminate the difficulties in sales transaction and monitoring of sales. B. Specific Objectives: 1. To make the
Premium Sibling Credit card English-language films
there were circumstances when the inventory record in the admin does not tally with the actual amount of the available items. Another thing to consider in manual inventory is prone to errors since it is unavoidable that the employee assigned to do the sales and inventory would commit mistakes. Introduction Technologies have
Premium Time Theory of Forms Inventory
1. What is working memory? Please describe the components of working memory and discuss the status of empirical evidence for each of them. Working memory and its components The term working memory refers to that portion of memory used for temporary storage when doing cognitive tasks like multiplying numbers‚ solving syllogisms or remembering something a lecturer said before writing it down. It stores information intermediately as it is worked with. Working memory can thus be compared to a sketchpad
Premium Working memory Frontal lobe