Calculating the break-even point To avoid making a loss every business must at least break-even by achieving a level of sales that covers its total costs. But what level of sales is necessary to break-even? To explore the concept of break-even‚ we need to define some basic terms: Fixed costs: Costs that do not vary with output or sales e.g. managers salaries‚ rent and rates on business premises. Variable costs: Costs that vary with the quantity produced or sold e.g. costs of materials
Premium Variable cost Costs Fixed cost
Filipino Factors that Hinder Financial Success • Lizard Brain The Lizard Brain is a part of our Paleomammalian brain which seemingly supports a variety of functions including emotion‚ behavior‚ motivation‚ long-term memory‚ and olfaction. One of the things that the Lizard Brain controls is our fear. It makes us feel that we are not up to the task; that there is a bigger chance that we do not succeed at the end; that we will end up in failure. It is very common for Filipinos
Premium Philippines Brain Donald Trump
Coco-Cola Key Success Factors IntroductionThe Coca-Cola Company is the world’s largest non-alcoholic beverage company; Coca-Cola is a dominating force in the beverage industry and sets a very high standard of competition. Operating in over 200 countries with over 50‚000 employees and more than 800 production and distribution centers. . Research shows that its trademark is recognized by over 94% of the world’s population1-What have been the key success factors for Coca-Cola?There are many factors contributing
Premium Advertising Marketing Coca-Cola
employees and more than 800 production and distribution centers. . Research shows that its trademark is recognized by over 94% of the world’s population 1-What have been the key success factors for Coca-Cola? There are many factors contributing to Coca-Cola’s success‚ however‚ I believe that their key success factors are Marketing‚ Innovation‚ and Globalization. ●Marketing: Coca-Cola is seen as one of the founding fathers of the modern day marketing model. They were among the pioneers
Premium Coca-Cola
The Pharmaceutical Industry: Key success factors High profit after launching the product: Before a pharmaceutical company establishes a new product it takes them a lot time and work. The whole project‚ from the beginning until the end‚ where the medicine can be launched can last about 12 years. But once the drug is on marked the producing company has very high margins. On average‚ a Blockbuster drug is for about eight years on the marked and each year it has revenues in the range of one
Premium Pharmacology Medicine Pharmaceutical drug
References: ____Yukl‚ G. (1998). Leadership in Organizations. (4th ed.). Upper Saddle River‚ NJ: Prentice Hall_____ Kotter‚ P. John‚ (1996). Leading Change‚ Boston: Harvard Business School Press_____Lawson‚ R.B.‚ Shen‚ Z. (1998). Organizational Psychology. Oxford: Oxford University Press_____Robbins‚ P. Stephen‚ (1990)
Premium Organizational culture Culture
Pharmaceutical Industry - Key Success Factors There’s a time for everything. For Dr Ramakanta Panda‚ it was time to build a ’modern hospital’ in India. As a cardiac surgeon from the prestigious Cleveland Clinic‚ US‚ he was known for his super-safe hands. But his ideas proved too radical for the design team. Whoever heard of picture windows to ward off ICU psychosis? Or counselling areas for patients’ relatives? How would cafeteria‚ convenience store‚ library‚ public booth‚ Internet access‚ and
Premium Health care Patient Health care provider
Success in business is possibly the ends towards which every organisation intends to achieve. However‚ this achieving such ends is no easy task. Management theories and organisational studies already exist in literature to provide businesses and organisation some semblance of a formula for success. Though some models may have been tried and tested in the field‚ there are instances that show that it is not cut-and-dried. Some models are not wholly applicable to each and every organisation making organisational
Premium Singapore Airlines Airline Management
Key to Success What is education? According to the Oxford Pocket Dictionary of Current English it is defined as “the process of receiving or giving systematic instruction‚ especially at a school or university and the theory and practice of teaching”. In my opinion success requires not only formal education but the positive attitude‚ drive and vision through informal education. What is formal education? It is the interaction between students and a teacher that is required for a student
Free Education Teacher School
Question: Undeniably‚ breaking even is not the ultimate goal of firms. Why then bother about the break-even analysis? THE IMPORTANT OF BREAK-EVEN ANALYSIS It is an undisputable fact that every business’ objective is to survive and make profit as compensation of being in existence. Frankly‚ predicting a precise amount of sales or profits is nearly impossible. No business aims at making losses whatsoever. Given this‚ a person starting a new business often asks‚ ‘’ At what level of sales will my
Premium Variable cost Costs Fixed cost