Lecture Topic 1 : The Service Sector Reading : Chapter 1‚ Services Marketing : People‚ Technology‚ Strategy by Kotler & Wirtz‚ 7th Edition. The Service Sector- some facts : • In the West‚ business conditions generally remain difficult for service sector firms with falling prices hitting profitability. - The service sector typically accounts for between 66% and 75% of GDP in most of the more highly developed economies. (Central Intelligence Agency‚ 2011)
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INTRODUCTION ‘Design is directed towards human beings. To design is to solve human problems by identifying them and executing the best solution’. (Ivan 2009) Creation of design involves the selection of individual design elements and the arrangement of them within a spatial enclosure to satisfy certain functional and aesthetic needs and wishes. This arrangement of elements in space includes the act of making patterns. No one single element in space stands alone. Ina design pattern all the elements
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INCOME CONCEPTS The Purpose of Income Reporting Income is used… 1 As the basis of one of the principal forms of taxation. 2 In public reports as a measure of the success of a corporation’s operations. 3 As a criterion for the determination of the availability of dividends. 4 By rate-regulating authorities for investigating whether those rates are fair and reasonable. 5 As a guide to trustees charged with distributing income to a life tenant while preserving the principal for a remainder man
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Historical Cost Concept What is historical cost? Historical cost is a term used instead of the term cost. Cost and historical cost usually mean the original cost at the time of a transaction. The term historical cost helps to distinguish an asset’s original cost from its replacement cost‚ current cost‚ or inflation-adjusted cost. For example‚ land purchased in 1992 at cost of $80‚000 and still owned by the buyer will be reported on the buyer’s balance sheet at its cost or historical cost of $80
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On one side we have Intelligent Design‚ or I.D. which claims that something in nature are simply too complex to happen by chance. In their view there is a higher being (God) who us being it all. On the other side of the debate we have evolution‚ which consists of Darwin’s theory of natural
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relation between safety and comfort‚ the latter being the correct relation between temperature‚ humidity‚ lighting and ventilation.The very definition of the bioclimatic experience excludes the possibility of any kind of universal model.The bioclimatic concept is‚ above all‚ a commitment between climate‚ place‚ culture‚ local traditional materials and the architectonic programme itself. The synthesis of this is an always individualised ‘inhabitable wrapping’.Nature provides us with climatic conditions (variation
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COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
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DEFINE TWO GROUP SIMPLE RANDOMIZED DESIGN TWO GROUP SIMPLE RANDOMIZED DESIGN: This is a form of completely randomized design (C.R. design). In a two-group simple randomized design‚ first of all the population is defined and then from the population a sample is selected randomly. Further‚ requirements of this design is that items‚ after being selected randomly from the population‚ be randomly assigned to the experimental and control groups (such random assignment of items to two groups is technically
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|Term-Concepts |Definition | |Purpose of Accounting |Communicating financial information to end users so they can make informed decisions. | |Accounting Entity |The financial affairs of the business are separate and distinct from the financial affairs of the owner. | |Monetary Concept |All transactions are recorded in
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contemporary landscape design commonly incorporate traditional approaches with applied technologies and newer finishes. This kind of design is unconsciously found nearly everywhere like in a 1950’s home remodel. Newer finishes of stainless steel appliances in a new classic home is another example. It could be seen as enlivening the old by adding modern materials‚ clearer functions and technologies while maintaining an organic‚ simple and beautiful landscape. Contemporary landscape design today lay more
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