12-Sep-13 Objectives of firms 1. Profit Maximisation In neo-classical economics it is assumed that the interest of owners or shareholders are the most important. Just as consumers attempt to maximise utility‚ shareholders main motivation is to maximise their gain firm the company. Therefore‚ one of the main objectives of firms is to maximise profit. Profit is the reward for the risk-bearing function of the entrepreneur. The firm is in equilibrium‚ and is maximising profit‚ when it
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Pricing objectives are goals that describe what a firm wants to achieve through pricing. Pricing objectives must be stated explicitly‚ and the statement should include the time frame for accomplishing them. There are six stages of setting prices. They are developing pricing objective‚ assessing the target market’s evaluation of price‚ evaluating competitors’ prices‚ choosing a basis for pricing‚ selecting a pricing strategy‚ and determining a specific price. Cost-based pricing is adding a
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Strategic Objective Summary Ed Mathewson BUS/475-INTEGRATED BUSINESS TOPICS 3/23/15 Nels Holmgren Balanced Scorecard Targets Strategic Objectives Measurements Year 1 Year 2 Year 3 Metric Financial Improve profits Return on investment capital 3% 5% 7% The market will allow us to determine our marketing sharing results. There should be an increase of 2% each year for our marketing sharing. Improve profit margin 2% 4% 6% Increase market sharing Market sharing bottom
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’The Objective of Education Is Learning’ *’The Objective of Education Is Learning‚ Not Teaching’* *In their book‚** *Turning Learning Right Side Up: Putting Education Back on Track*‚ authors Russell L. Ackoff and Daniel Greenberg point out that today’s education system is seriously flawed -- it focuses on teaching rather than learning. "Why should children -- or adults -- be asked to do something computers and related equipment can do much better than they can?" the authors ask in the
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Reading: Chapter 7 Watch and Learn: Mitosis http://www.youtube.com/watch?v=1cVZBV9tD-A&feature=share&list=UUEik-U3T6u6JA0XiHLbNbOw Meiosis http://www.youtube.com/watch?v=rB_8dTuh73c&feature=share&list=UUEik-U3T6u6JA0XiHLbNbOw Basic Learning objectives After completing the readings and practice exercises‚ students should be able to: Describe the process of binary fission. Describe the features and components of eukaryotic chromosomes and sister chromatids. Describe the phases of the eukaryotic
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Cassandra Lou Exercise 2: E-MODULE Topic: Digestive system Audience: Grade 4-6 students Rationale: The study of human organ system is very interesting‚ especially to the curious mind of a growing child. The wonder of something like food and water to energy and nutrients it gives to the waste product of our body can be very hard to comprehend‚ especially to 9-12 year old. That is why this group has decided to teach the topic “Digestive System” to Grade 4-6 students via E-Module. The group has
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Q1. What were you able to get to work? (Illustrate with screen shots.) I (we) had to revise our orginal idea for developing a mobile application for a website as the site was not compatible with development for X-Code‚ & more specifically Objective-C language. So we switched gear and built an app for ourselves. This iPhone application (supposed to) log books that you want to read in the future (or authors‚ subject matter)‚ search it on Amazon and then store it to a list to make it viewable at
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1. Purpose‚ Scope and Objectives Matriculation Assessment and Budget Projection Tool for an Academic Institution Project consists of three modules namely‚ Tuition and Miscellaneous Fee Projection Module‚ Asset Evaluation Module‚ and the Trimestral/ Semestral/ Quarter and Facilities Utilization Monitoring Module. This modules work together in order to provide needed information such as tuition and miscellaneous fee breakdown and computation. The first module of the project is “Asset Evaluation
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Training and Development The human resources department help organizations meet training and development objectives. It helps determine the training needs of the company and creates and conducts training programs for employees. HR staff members organize training manuals and determine the most appropriate method of delivering training to meet the needs of the organization. Department training specialists consult with managers and employee supervisors to assess performance improvement needs and to
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The Auditors’ Objectives in Audit of Inventories and Cost of Goods Sold are to: 1. Consider internal control over inventories and cost of goods sold. 2. Determine the existences of inventories and the occurrence of transactions affecting cost of goods sold. 3. Establish the completeness of inventories. 4. Establish that the client has rights to the recorded inventories. 5. Establish the clerical accuracy of records and supporting schedules for inventories and cost of goods sold
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