lower its cost as it expands capacity. However‚ like any firm in a market situation where there is imperfect competition or in a less-than-competitive market‚ a natural-monopoly firm‚ when left to its own‚ tends to limit its output to a point where its marginal cost equals its marginal revenue but charge a much higher price than what would have prevailed when there is a highly-competitive market. In a highly-competitive market‚ the output tends to settle at a point where marginal cost equals marginal
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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Structure (Background) Organizations are complex structures with a vast variety of people and systems that function together to achieve a common goal. As a result‚ the task of analzying making sense of them prove to be quite difficult. Organizational metaphors can be used to further analyze and understand organizations (Alvesson‚ 2011). In this assignment‚ we will be taking a closer look at a multinational enterprise‚ The Coffee Bean & Tea Life (CB&TL)‚ using the aid of two selected metaphors
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Notes on Pricing Decisions In this note‚ we will discuss the pricing of a given product or a service. We will only discuss the pricing of an individual product/service and not the pricing across a set of products in a product line. Thus in the discussion that follows‚ we assume that the pricing decision of the product/service under consideration has no bearing on the profitability of other products/services in the portfolio of the firm. 1. Overview of the Pricing Decision: While making
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In the News By: Geovani Flores BUSN-412 Week 2 There is an article in the news regarding the pricing of milk over the last couple of years. According to this article milk sales set records in 2014‚ but due to plummeting prices dairy farmers are due to take a huge loss. The issue here is that in 2014 dairy farmers could hardly keep up with the demand of milk so prices were really high. Dairy farmers were forced to do whatever they could to produce more milk to keep up with the demand. This included
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Organisations and Behaviour (Unit 3) BTEC Higher National Diploma (HND) in Business Edexcel QCF-4 Nelson College September/October 2012 Hamza Said Introduction 1.1: Compare and contrast different organisational structures and culture. What is Organizational Culture? The values and behaviours that contribute to the unique social and psychological environment of an organization. Organizational culture includes an organization’s expectations
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influence the individual’s behaviour at work 4. Compare the effectiveness of different leadership styles in different organisations 5. Explain how organisational theory underpins the practice of management 6. Evaluate the different approaches to management used by different organisations 7. Discuss the impact that different leadership styles may have on motivation in organisations in periods of change 8. Compare the application of different motivational theories within the workplace 9. Evaluate
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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sheet. • Work together effectively as one team FORDS GOAL • An exciting viable ford delivering profitable growth for all employers and shareholders • Ford plan expands on the company’s four point business strategy for achieving success globally. ORAGNISATION STRUCTURE Fords organisation structure is hierarchical‚ Ford employment Fords job description depends what kind of personality experience and education are needed. The mental and physical tasks involved namely planning managing‚ How
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to achieve ….. Power is the opportunity to build‚ to create‚ to nudge history in a different direction” Discuss the above quotation and its relevance to acquisition and use of the traditional and managerial power bases within organisations POWER IN ORGANISATIONS Richard Nixon wrote‚ “The great leader needs the capacity to achieve.......Power is the opportunity to build‚ to create‚ to nudge history in a different direction”. In order to appreciate the above quotation‚ one must understand
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