ECONOMIES OF SCALE Economies of scale are basically the increase in efficiency of production as the number of goods being produced in a firm increases. Typically‚ a firm that achieves economies of scale lowers the average cost per unit through increased production since fixed costs are shared over an increased number of goods. Fixed costs are those costs of production that do not change when output changes. There are two types of Economies of Scale: Internal economies External economies Internal
Free Economics Management Costs
P2-6B Condensed balance sheet and income statement data for Fellenz Corporation are presented below. FELLENZ CORPORATION Balance Sheets December 31 Assets 2012 2011 Cash $40‚000 $24‚000 Receivables (net) 90‚000 55‚000 Other current assets 74‚000 73‚000 Long-term investments 78‚000 60‚000 Plant and equipment (net) 520‚000 407‚000 Total assets $802‚000 $619‚000 Liabilities and
Premium Balance sheet Generally Accepted Accounting Principles Asset
Defining Marketing Paper Marketing is a business function that deals with consumers which is an important tool that helps companies’ sale their products and services. With the proper use of marketing companies are able to attract new customers by promising value and keep current customers by delivering satisfaction. Marketing can come in the form of advertisements that fill our TV screens‚ mailbox ads‚ magazine ads‚ and media. In today’s business‚ marketers have created new marketing approaches
Premium Marketing
When a tornado forms or passes over a water surface‚ it is called a waterspout. Like tornadoes‚ they form in many shapes and often occur in series or families. Measurements of tornadoes can be a few kilometers an hour to as high as 64 to 80 kilometers per hour. We should know what to do before‚ during‚ and after a tornado has hit our town. Tornados cause much damage and we people should be prepared before a tornado‚ during a tornado and what to do after a tornado. Before a tornado‚ we should listen
Premium Wind Tornado Tropical cyclone
This pack of CJA 234 Week 4 Discussion Questions consists of: DQ 1: How would you describe prison life? How has the evolution of prison life changed over time? What recommendations would you suggest for life of prisoners at the state and federal level? DQ 2: What are prisoner special needs? How do special needs‚ mentally ill‚ and substance abuse prisoners impact the jail and prison systems at both state and federal levels? What would happen if these prisoners were not cared for properly? Law -
Premium Prison
Economies of scale are the factors that lead to a reduction in average costs as a business increases in size. There are five economies of scale Purchasing Economies When businesses buy large numbers of components‚ for example materials or spare parts‚ they are able to gain discounts for buying in bulk. This reduces the unit cost of each item bought and gives the firm an advantage over smaller businesses which buy in small quantities. Marketing Economies
Premium Business Management Small business
other’s sick jokes and smiled more genuinely than they ever had. They found themselves getting rid of their “late night only” phone numbers and bringing up each other’s names in conversations with their friends. They started making plans further than a week in the future‚ and calling just to say goodnight. They fell in love‚ and it scared them both beyond comprehension. Carmen‚ a twenty-four year old executive assistant for a small
Premium Love
p. 93). Similar to any other industries‚ hospitality marketers are pressurized to measure the marketing performances and justify the effectiveness of marketing activities as well (Christodoulides & de Chernatony‚ 2010‚ p. 43). Brand equity measurement has become “part of a set of marketing performance indicators”. The analysis of brand equity and the way it is measured has a wide range of believers and practitioners that contribute the idea of “black box orientation” (Christodoulides & de
Premium Brand Brand management Branding
Please pick 3 of the provided topics‚ your choice‚ and define AND provide a solid real-life example for each topic. Each question is worth (1) point total. It will be scored ½ point for your definition and ½ point for your example. Please post all completed quizzes to your Individual newsgroup. DUE THURSDAY!!! 1. Neutrality: State of being neutral‚ being unengaged between others‚ and taking no part in sides. Example‚ the mother of Tiffany had to remain neutral when deciding upon allowing her to
Premium Management Arithmetic mean Standard deviation
Operations Management The first problem I noticed with the highland Financial Services is‚ the Manager. Why did it have to take him up till two years to look back and realize there was a problem with the pattern of demand of their services from the previous years? Looking at the chart presented‚ the problem with Highline Financial services is that the demand for their services is very inconsistent in some quarters. The demand for services begins with good numbers in the first quarter and
Premium Management Economics Marketing