1.0 PROBLEMS DEFINITION 1.1 Types of Strategies used for Local and International Markets Under the International Strategic Management approach‚ companies can choose to either venture their business towards the Global or Regional strategy. The Global Integration strategy looks at production and distribution of products and services of a homogenous type and quality on a worldwide basis. National Responsiveness strategy requires understanding of individual consumer tastes imposed by autonomous
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order‚ how much would that affect the minimum total annual cost? D = 4‚860 bags/yr. S = $10 H = $75 DS a) Q = 2H = 2(4‚860)10 = 36 bags 75 b) Q/2 = 36/2 = 18 bags c) D = 4‚860 bags = 135 orders Q 36 bags / orders TC = Q / 2H + d) e) Q = TC = D S Q = 36 4‚860 (75) + (10) = 1‚350 + 1‚350 = $2‚700 2 36 2(4‚860)(11) = 37.757 75 37.757 4‚860 (75) + (11) = 1‚415.89 + 1‚415.90 = $2‚831.79 2 37.757 Increase by [$2‚831.79 – $2‚700] = $131.79 3)
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expended to decrease entropy - since heat naturally flows from high to low‚ the entire universe should eventually cool down to a final common temperature Important Equations: - Tk= Tc + 273 ( Celsius to Kelvin) - Tc= Tk- 273 ( Kelvin to Celsius) - Tf= 1.8Tc +32 (Celsius to Fahrenheit) - Tc= Tf- 32/ 1.8 ( Fahrenheit to Celsius) - H= mcdeltaT (specific heat) - H= mL (latent heat) - P a NT/V - (P2/P1)= (V1/V2) (
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Managerial Economics Unit 6 Unit 6 Cost Analysis Structure: 6.1 Introduction Case Let Objectives 6.2 Types of Costs 6.3 Cost-Output Relationship: Cost Function 6.4 Cost-Output Relationships in the Short Run 6.5 Cost-Output Relationships in the Long Run 6.6 Summary 6.7 Glossary 6.8 Terminal Questions 6.9 Answers 6.10 Case Study Reference/E-Reference 6.1 Introduction In the previous unit‚ we learnt that output does not always increase proportionately‚ with increase
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is required. Never record the child’s name or the name of the childcare facility. Use codes to name the child (TC= Target child) or describe the childcare setting in general terms. Should not share this information outside the workplace setting. Accurate description: Record what is directly observable‚ not our own assumptions Example: TC appears to be very angry instead of TC is very angry. Objectivity: Observer must not be influenced for previous knowledge of the child‚ own emotional
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Introduction: Facial expressions are being brought on to the public eye more and more due to media exposure (as psychology is entering public domain interest‚ this is even more particularly found in facial expressions reading) Authors like Malcolm Gladwell that have wrote for the prestigious journal “The new Yorker” state that some people have an uncanny ability to spot liars or border lining mind reading (such as the title indicates “The naked face: Can you read people’s thoughts just by
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COST ANALYSIS OBJECTIVES INTRODUCTION MEANING DEFINITIONS TYPES OF COSTS MONETARY COSTS REAL COSTS OPPORTUNITY COSTS ECONOMIC COSTS ACCOUNTING COSTS INCREMENTAL COSTS SUNK COSTS FUTURE COSTS PRIVATE‚ EXTERNAL AND SOCIAL COSTS FIXED / SUPPLEMENTARY / OVERHEAD COSTS VARIABLE / PRIME COSTS REPLACEMENT COSTS PRODUCTION COSTS SELLING COSTS CONTROLLABLE COSTS DIRECT COSTS INDIRECT COSTS SHORT RUN COSTS CURVES LONG RUN COSTS CURVES OBJECTIVES To understand the meaning of cost. To discuss different types
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Case No: 1 BPO – BANE OR BOON ? Answers: 1. Which of the theories of international trade can help Indian services providers gain competitive edge over their competitors? 1. Suggested Theory to gain dynamism and competitiveness in Operation A. Developing executive leadership at three levels top team‚ the personal development of individual executives as leaders and the Chief Executive Officer (CEO) B. Success Brand Development and Brand Strategy : An effective brand strategy will
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Lecture on Production and Cost of Production Basic Economics Production is the transformation of inputs into outputs. Production Function shows the relationship between quantities of various inputs that can be produced with those inputs per unit of time expressed in a table‚ graph or an equation. Q = f (K ‚L) given a technology Where: K = Capital and L = Labor Periods of Production 1. Short – run – the use of at the least one factor of production cannot be changed‚ or there are
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6.2a The objective of this problem is to found the price charged by Peter. Firstly‚ the below table illustrate all P‚ TR‚ TC‚ MR and MC when there is different Number of member served (Q). No. of member served (Q) Price per member(P) Total revenue (TR) Total cost (TC) Profit Marginal revenue (MR) Marginal cost (MC) 1 400 400 190 210 400 190 2 380 760 380 380 360 190 3 360 1080 570 510 320 190 4 340 1360 760 600 280 190 5 320 1600 950 650 240
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