Now‚ as the process of tropical deforestation progresses‚ the population of these amazing Macaw Parrots is decreasing because they are greatly dependent upon these very forests to provide them with food and nesting sites. For the last 100 years‚ over half the world’s tropical forests have been destroyed. And it is estimated that worldwide‚ 26 hectares of forest are lost every minute - that’s an area equivalent to 37 football pitches. Macaw Parrots nest high up in dead trees into which they gnaw
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Price Differentiation vs. Price Discrimination Price differentiation and price discrimination: two terms used in Marketing and Economy. First of all‚ it is appropriate to make an accurate definition for both of the terms. Price differentiation is a pricing strategy that “charges different segments of customers altered prices for the same products or services.” Likewise‚ we can meet with the same definition if we look for price discrimination definition. Then‚ is there a difference between price
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PRICE HIKE To understand this term we divide this term into two parts; Price and Hike and explain both the parts separately. Price is the value paid by the provider or supplier in the form of currency for rendering goods & services. While Hike is an abrupt increase or rise. It means that there is rise in prices of the goods/services required by the people living in the world. These goods/services belong to following sectors; 1. Agriculture 2. Health and Medicine 3. Education 4. Manufacturing/Industries
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am of the belief that increasing petrol cost is not the only solution to resolve the traffic issues and inevitably‚ governors should choose alternative parameters to decrease the potential causes of such difficulties. Living in the 21st century has increased people`s tendency to use their private cars excessively in comparison to the past‚ chiefly because of the modern lifestyle that people have chosen for themselves. In addition‚ expensiver petrol price might be a constructive measure for the
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Definition of ’Price Elasticity Of Demand’ A measure of the relationship between a change in the quantity demanded of a particular good and a change in its price. Price elasticity of demand is a term in economics often used when discussing price sensitivity. The formula for calculating price elasticity of demand is: Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price If a small change in price is accompanied by a large change in quantity demanded‚ the product is said to
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3 Cost-Volume-Profit Analysis Learning Objectives 1. Explain the features of cost-volumeprofit (CVP) analysis 2. Determine the breakeven point and output level needed to achieve a target operating income 3. Understand how income taxes affect CVP analysis 4. Explain how managers use CVP analysis in decision making 5. Explain how sensitivity analysis helps managers cope with uncertainty 6. Use CVP analysis to plan variable and fixed costs 7. Apply CVP analysis to a company producing multiple
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CHAPTER 3 BRIEF SUMMARY PRODUCT COSTING AND COST ACCUMULATION IN A BATCH PRODUCTION ENVIRONMENT Learning Objectives 1. Discuss the role of product and service costing in manufacturing and nonmanufacturing firms. 2. Diagram and explain the flow of costs through the manufacturing accounts used in product costing. 3. Distinguish between job-order costing and process costing. 4. Compute a predetermined overhead rate‚ and explain its use in job-order costing for job-shop and
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workforce. Yet‚ the cost to students of post-secondary education has risen rapidly over the last few years as government funding has dropped dramatically. Since the early 1980s‚ public funding of post-secondary education in Canada has gone down by 30 percent. In addition‚ across Canada‚ about 1.1 million full-time students were enrolled in post-secondary institutions in 2001‚ but thousands have been turned away because of lack of space or they have not applied for admission because the cost of tuition is
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assign overhead cots to products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely
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Polysar Limited--recent assignment. BACKGROUND Rubber Group is the largest of the three operating units of Polysar Limited. The primary users of its products‚ such as butyl and halobutyl‚ are manufacturers of automobile tires; other users are from various industries. In 1986‚ Rubber group contributed 0.8 billion which is 46 percent of the company annual sale. The operation of the group is divided into four divisions‚ NASA (North America and South America) and EROW (Europe and rest of the world)
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