Cost-based pricing is the simplest pricing strategy. Using this strategy price is set by adding some mark-up to the cost of the product. This strategy works if firm’s prices are not too high as compared to the competition. (Kotler P. ‚ Armstrong‚ Saunders‚ & Wong‚ 2005) Another cost-oriented pricing strategy is Break-even Pricing. Firms determine the price at which they can recover manufacturing and marketing cost‚ or make targeted profit. (Nagle & Hogan‚ 2006) Competition-based Pricing is when
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BUREAUCRATIC ORGANISATION Bureaucratic organization has a hierarchical or pyramidal structure to help achieve the most rational and efficient operation at the lowest cost. It was then influenced by the thinking of Max Weber. A bureaucratic organization is one with rigid and tight procedures‚ policies‚ constraints‚ and the company reacts with stringent controls as well as a reluctance to adapt or change. Bureaucracies are very organized with a high degree of formality in the way it operates. Organizational
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| | | ORGANISATIONAL BEHAVIOUR ABSTRACT The purpose of this assignment is to assess my ability to analyse‚ synthesise and evaluate the leadership styles of a successful organizational leader. It is also designed to enable me to apply the relevant theories of leadership that I have learned in my Organizational Behaviour course to explain why the leader is successful. This assignment
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finding proper information that may help me more to do better. The data on rural finances are not available in organized manner. Many firms render rural finances through improper distribution channel and don’t maintain database. Micro Finance A type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately‚ the goal of microfinance is to give low income people an opportunity
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culture and cultural continuum theories. Specialized coffee has become all the rage nowadays with coffee shops opening left right and center. However‚ it all started with the very first few entrepreneur who made the coffee industry what it is today. One of these entrepreneur was a man named Herb Hyman who brought the concept of a specialized coffee to America after visiting Europe. He opened his first coffee shop in Los Angeles California and called it The Coffee Bean & Tea Leaf (CB&TL) in
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Micro Economics:- Microeconomics is a branch of economics that analyzes the market behavior of individual consumers and firms in an attempt to understand the decision-making process of firms and households. It is concerned with the interaction between individual buyers and sellers and the factors that influence the choices made by buyers and sellers. In particular‚ microeconomics focuses on patterns of supply and demand and the determination of price and output in individual markets (e.g. coffee
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falls into. b) Explain how the way the school is managed reflects the points included in the brief notes prepared for each category? 3. Prepare a presentation or information leaflet for parents at the school which explains the various stages of education from the early years up to the end of compulsory education (remember to include entitlement and provision for early years educational) 4. Summarise the options open to students from the age of 16 Task B - Understand how schools are organised in
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extend do you accept the view that conflict is an inevitable feature of management and organizational behaviour? Suggest how management can attempt to avoid the harmful effects of conflict. Introduction All organizations‚ by their very nature‚ have built in conflicts Conflict is seen as an inherent feature of organisations and induced‚ in part‚ by the very structure of the organisation. The causes might stem from individual characteristics‚ interpersonal factors‚ communications‚ behavior‚ structure and
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How Divorce Affects Children 2 Unfortunately divorce has become a common occurrence in children’s lives‚ both for young children and young adolescents. According to the American Psychological Association‚ the statistic of divorce in the United State has reached forty to fifty percent levels. Approximately half of the forty to fifty percent of divorced couples in the United States affect children under the age of eighteen. Although‚ it is both psychological and painful for all children
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attracting employees to that job‚ screening and selecting applicants‚ hiring‚ and integrating the new employee to the organization. Recruitment is the process of searching the candidates for employment and stimulating them to apply for jobs in the “organisation”. Recruitment is the activity that links the employers and the job seekers. A few definitions of recruitment are: A process of finding and attracting capable applicants for employment. The process begins when new recruits are sought and ends when
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