Task 1 Task 1 A start-up cost is a cost that you start with for example in the flower shop it would be a deposit on the shop and the first month’s rent. Also the first lot of stock‚ advertisement a sign‚ table‚ counter‚ till and a credit card machine. The operating costs are costs that you carry on paying for throughout the time your business is open‚ for example in the flower shop they would be rent‚ wages‚ heating and lighting‚ insurance‚ loan interest‚ drawing (personal salary) ‚ ribbons
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ENGINERING COLLEGE Department of Mechanical Engineering ME 2027 – Process planning and Cost estimation Final Year Mechanical Engineering Question Bank Part A ( 2 Marks) 1. Define method study 2. Mention the objectives of method study 3. What are the applications of method study 4. Define work measurement 5. Mention the types of process chart 6. What is outline process chart? 7. What is a two handed process chart 8. What is travel chart? 9. What is multi activity
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determine how consumers make decisions is at the core of strategy for marketers as the work to maneuver the various principles of marketing. Consumers have their own maneuvering to do as they seek to determine which products and services to buy or not buy‚ which brands to use‚ and which brands to ignore. This paper will examine the major decision-making elements that guide the decision making processes used by consumers and to provide clarity when attempting to find the right mix of variables to market
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Each one has different capabilities to make a difference; difference that can change one’s family‚ school‚ community‚ country‚ and even the world. But before he can do a difference around him‚ he must first make a difference within himself. As a scholar of this prestigious university‚ the University of Bohol‚ I can also make a difference. But as I said‚ in order for me to make a difference in my surroundings‚ I must first make a difference within me. I was once a stranger in this university
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In the process of buying my first home there were many factors to decide. This was going to be a life changing experience for me and my family. Trying to decide on how much could I afford? What side of town would be best for me? How many bedrooms should I get according to my current household size as well as my future for having children? What lender should I use? There were so many critical decisions to make for one major purchase. So I had to evaluate and process the situation in order to
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two reasons for the companies to implement variable pay plan are: motivating employees and reducing cost. In this paper we try to point out the challenges the organizations might face when they apply variable pay system by reviewing related literature. We find that it is difficult for the company to have a reliable measure for the variable pay system. In addition‚ the focus of the variable pay plan should be on motivating employees or cutting cost and how to strike a balance between these two is also
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INTRODUCTION We all have to make choices. One of those most important decisions made in our life are based on the market - buying goods. No one buy goods unless they have a problem‚ a need or a want. The Consumer Decision Making Model can be applied with any economics decision you have to make. The goal in creating this model was to analyze how individuals sort through facts and influences to make decisions that are logical and consistent for them. Think like an economist with this convenient tool
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List and describe THREE major activities that make up the system selection process? The three major essential activities that make up the system selection process are Education: Understanding the Market‚ Down Selection: Narrowing the field‚ and Formation of the System Selection Governance Structure and Functions. First‚ Education and Understanding the market. In a highly profound market with numerous quality items‚ the vendor’s status and services may characterize to the greatest differentiator
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complex decision-making process a consumer goes through. The variety of products is always expanding‚ but with the consumers ’ limited temporal and cognitive resources‚ they cannot simply analyze all the products. Making rational choices does not only require access to options‚ but also the necessary time and information needed to choose. Consumers increasingly face information overload and consequently are unlikely to process all available product or service specifications. Marketers can strategically
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3/ 3.5 Explain how to minimise risks through the planning process Learning Outcome 3 – Understand how to plan assessment 3.5 Explain how to minimise risks through the planning process As discussed in 3.4‚ health‚ safety‚ and the learners welfare are of paramount concern when planning assessment. In addition to this there are other risks that are involved in my subject specialist area. I work with both an Internal Verifier and an External Verifier to confirm that my assessments are academically
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