to prepare financial reports by the Corporations Act 2011‚ the General Government Sector (GGS) and entities in the for-profit or not-for-profit private or public sectors that are reporting entities. However when the first standards came out it was applied to for-profit organisations only. Today‚ most standards still focus on business entities that make government and not-for-profit entities unable to meaningfully apply the same set of standards as do business entities for many different reasons. Some
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Ltd through the use of retained profits I support this strategy of financing expansion through retained profit as Goodprice has £33 million. Looking at the two proposals for the development of a Goodprice supermarket in Ashton under Ribble‚ Option A would cost Goodprice £12 million to develop. Option B would cost the Goodprice £3.6 million. Therefore Goodprice has enough retained profit to afford both these options and still be able to save some of its retained profit. This may benefit Goodprice as
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For the UK airline industry discuss the way in which its market structure affects the ability for firms to set prices and to make profits. (16 marks) Market structure is the state of a market with respect to the degree of competition amongst buyers and sellers. The market structure of the industry helps to determine its ability to set prices and make profits. The UK airline industry contains a number of different types of companies from budget airlines to private jets‚ but is essentially
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this leverage to further bargain down prices. To make matters worse‚ established steel makers were typically unionized‚ and a combination of high wage rates and inflexible work rules raised labor costs‚ making it even more difficult to make a profit in this brutally competitive industry. Strong unions‚ together with the costs of closing a plant‚ were also an impediment to reducing excess capacity in the industry. For decades‚ the United States steel industry was in deep economic malaise
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LTD is a large biscuit factory that employs a culturally diverse workforce. This report is aimed at recognising current situation and evaluating the organisation‚ and allocating problems and possible problems. Providing guidelines that will increase profit‚ efficiency‚ happier work environment and effective communication are the intention of the report. Proposed program to assess prejudice and stereotyping‚ learning about cultures and behaviours‚ improve relationships and specially communication. Biscuit
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that‚ because price discrimination enables firms to make more profit‚ firms‚ but not consumers‚ benefit from price discrimination Price discrimination is where a firm changes different consumers different prices for the same service. Consumer Surplus is the difference between what the consumer is willing to pay and the price they actually have to pay. In all three degrees of price discrimination firms are able to make more profit and eliminate any excess capacity they may have. Firms are
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1. Give an example of a firm’s goal(s) in a situation when they may not profit as much in the short-run as they would in the long-run. Why might a firm choose to do this? Give an example of this in Vietnam. (100 words) Competitiveness is the core key for every business firm to remain in a particular market segment. There are too many rivals in the market‚ although the demand is still high. Price should be in the best and the firm with short-run oriented planning and implementation cannot afford
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McDonald’s demonstrates that the advertising costs of McDonald’s were $787.5 millions in 2012 (McDonald’s Inc. 2012). Meanwhile‚ these super companies also have already possessed a vast and loyal customer base‚ which can ensure their sales revenue and profits. In 2008‚ McDonald’s owned 30‚000 branch stores in more than 100 countries‚ offering food for 52 million consumers per day (de Mooij 2009: 29). This essay will focus on the marketing field and analyze the positive reference of advertising to market
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4. page 98: What alternative strategy might Xerox have followed in responding to the first signs of declining revenues and profits? Task number one: outsource Xerox’s manufacturing. An often criticized and unpopular move‚ outsourcing was critical to Xerox’s cost-saving efforts. Burns oversaw the process in a way that preserved quality while achieving the desired cost benefits. With the restricting of manufacturing‚ Xerox’s workforce dropped from 100‚000 employees to 55‚000 in just four years. This
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times in terms of money‚ profits and businesses making money for shareholders. Professor Freeman only ‘thinks’ this is the problem and that there is a need for business‚ profits & ethics having to link together. “Well it’s a really a little bit of both”. Freeman‚ E. (2009) Lateline Business. Profits are more important than ethics. If businesses do not make profits they would not be here today‚ therefore‚ you would have no customers‚ suppliers or employees. Profits are the driving force for
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