“Internet marketing saves time and cost” Nowadays because of technological changes it becomes very easy for every marketer to market the product or business through internet. The growth of Internet technology has enormous potential as it reduces the costs of product and service delivery and extends geographical boundaries in bringing buyers and sellers together. The Internet provides opportunities for an organization to enhance its business in a cost-effective and practical manner. It became
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manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
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mobile phones play a very important role in life. Mobile phones are a huge distraction. During the class‚ lot of students are being engaged on their cell phones by being socially active on Facebook‚ Twitter‚ Instagram‚ etc. which definitely distracts them from studies. Most teen’s grades have dropped dramatically because of cell phone use. Some students take a great advantage of these devices while others misuse it by visiting inappropriate sites which results in bad academic performance. A cell phone
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basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one additional basketball per day‚ total costs would increase to $10‚100. From these amounts‚ we can tell that a. the firm has negative profit. b. marginal cost equals $100. c. marginal cost equals $150. d. marginal cost equals marginal revenue. 2. A retailer has to pay $9 per hour to hire 13 workers. If the retailer only
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worth the cost and the time. College does cost a lot and is time consuming but it also prepares students for more than just a job. There are many opportunities to gain from college but is it worth the cost and time? Some high school graduates choose to not have any further education or training at all after high school. They start working for places like a restaurant‚ clothing stores‚ or small businesses. Doing this they do not have to spend all kinds of money to go through four years of college
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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Cost/Benefit Analysis Evaluating Quantitatively Whether to Follow a Course of Action You may have been intensely creative in generating solutions to a problem‚ and rigorous in your selection of the best one available. However‚ this solution may still not be worth implementing‚ as you may invest a lot of time and money in solving a problem that is not worthy of this effort. Cost Benefit Analysis or CBA is a relatively* simple and widely used technique for deciding whether to make a change. As its
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Cell Phone and Social Graces Have you ever talk to someone and they did not reply because they are busy playing on their cell phone? We all have that experience. We cannot blame on the cell phone because people are responsible for their behavior. In the essay “ Cell phone and social graces”‚ Charles Fisher elaborates on the use of cell phone and shows how careless‚ sometimes inconsiderate‚ and needy most people are when using their cell phones. Charles Fisher pointed out the negative when people
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The question of whether cell phones should be allowed in schools has been hotly debated over the years. The reality is‚ bans on cell phones are hard for schools to enforce. A 2010 Pew Internet & American Life Project study found that 65 percent of cell-owning teens at schools that completely ban phones bring their phones to school every day anyway. Most schools now allow students to have cell phones but try to require them to be turned off during class because they can be disruptive and distracting
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