Chapter 5 -5.1 Revenue: which are related to the sale of goods or services. (an increasing in equity resulting from the sale of goods or services) Expenses: which are the costs related to the revenues. Drawing: which are the owner’s withdrawals for personal use. Purpose of expanding the system: -The new accounts in the equity section of the ledger have one main purpose. -Provide essential information about the progress of the business. -Information need by managers and owners
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considered. Liberalisation also forces open markets‚ giving more opportunities and competition around the globe in the spirit of globalization. Increasingly more foreign companies are coming to Malaysia hence the competition is also becoming stiffer in the domestic market. The YTL Corporation Berhad celebrated its 52th anniversary in 2007‚ and in more five decades since its inception‚ has grown from a small construction firm into a sprawling business empire that features five subsidiaries governing various
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Task: Identify three business terms. Define each from three different sources. Terms & Definitions: Product Differentiation Making products that stand out from the competition in terms of price‚ quality or service. Methods include: Establishing a strong brand image for a good or service. Making the unique selling point of a good or service clear. Other competitive factors‚ such as having a better location‚ design‚ appearance or price than rivals. A marketing process that showcases the
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Louis Rodgers MW 2:00 Homework #2 Gucci Gucci‚ the brand name responsible for many trendy and fashionable products‚ has been in business since the early 1920’s. Their high-end‚ expensive line of clothing and accessories is the standard in the affluent ready to wear luxury product industry. In the middle of the company’s lifespan‚ they lost their way by trying to create too many products that overextended their market. This had a negative impact on the exclusivity of the brand. It wasn’t until
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Michael Porter‚ a professeur in Harvard Business School developed a popular model that is still used today to develop strategies that increase companies’ competitive edge. These are commonly known as the Five Forces that demonstrate how information technology and information systems can make a company more competitive. One of the forces was the bargaining power of suppliers in the market. In the renewable energy industry the suppliers don’t have as much bargaining power today as they did in the
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2.1 FACTOR OF PRODUCTION According to Porter (2004)‚ factor conditions are factors of production such as labour‚ land‚ natural resource‚ capital and infrastructure. Moreover‚ a disadvantage might be an advantage. Local disadvantages in factors of production force to innovate to over come their problems. This innovation often results in a national comparative advantage. The big number of population in China provides retailers with a huge and cheap labour power. Furthermore‚ according to Day (1996)
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Porter’s Five Forces Wine Industry Contents 1. Bargaining power of buyers………………………………………………………………………….1 2. Bargaining power of suppliers………………………………………………………………………2 3. Rivalry between existing companies………………………………………………………….…4 4. Threat of new entrants………………………………………………………..……………………….5 5. Threat of substitutes…………………………………………………………………………………….6 6. References………………………………………………...……………………...…………………………8 1. Bargaining power of buyers The buyer’s power within the wine industry
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PORTERS Five Forces Model The porter’s five forces model argues that the more limited is the ability of the firm to raise the prices and earn greater profits. A competitive force plays an important threat in reducing the profit to the company. Bargaining power of Suppliers Suppliers always play vital role in any industry because the quality of the raw materials will influence the value of the finished goods that are delivered by that organization. If the supplier’s power is high it will increase
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[pic] UNIVERSITY OF MALAYA STRATEGIC MANAGEMENT ACCOUNTING CAEA 3301 AIRASIA BERHAD DATE OF SUBMISSION: 2 APRIL 2008 QUESTION 1 COMPANY BACKGROUND AirAsia is one of the businesses that have successfully adopted cost leadership through operational effectiveness and efficiency. The cost advantages have enabled AirAsia to become the Asia’s leading low fare airline. Established on 12 December 2001‚ AirAsia has been such a big phenomenon in airline industry especially in Asia. By using a
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2.2 Porters Five Forces Analysis Bargain Power of Customers: High • VYP’s customers are very large broadcasting corporations‚ which gives the corporations high bargaining power. • The Indie market is saturated. Bargain Power of Supplier: Medium • There is a large number of outsourcing companies that specialize in a variety of services. • There is a large pool of actors and experienced directors to choose from in the market. Competitors’ Rivalry: High • There is a large number of production
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