CHAPTER 13 SHORT-RUN DECISION MAKING: RELEVaNT COSTING 1 DISCUSSION QUESTIONS 1. Tactical decisions are short run in nature; they involve choosing among alternatives with an immediate or limited end in view. Strategic decisions involve selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity
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MARKETING includes identifying unmet needs; producing products and services to meet those needs: and pricing‚ distributing‚ and promoting those products and services to produce a profit. Marketing is an integrated communications-based process through which individuals and communities discover that existing and newly-identified needs and wants may be satisfied by the products and services of others. Marketing is defined by the American Marketing Association as the activity‚ set of institutions‚
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Specific Features of Financial Services Marketing It has been suggested that there are two characteristics‚ which are specific for financial services marketing. The first one would be fiduciary responsibility and the second one is the two-way information flows. 1.1Fiduciary Responsibility Fiduciary responsibility is one of the most important features within the financial sector. It has been described through Arthur Meidan as "the responsibility of any financial services organisation to guard the interests
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Introduction This Essay critically examines British Airways ‚its core competences which differentiates it from others in the Industry‚ it is also going to show how these competences give British Airways competitive advantage ‚ value added will be discussed as well and lastly how internal and external factors will affect British Airways and its ability to achieve its core competence. Definition According to Ansoff‚ Mcdonnell (1990) as cited in Cole‚ G.A (1994) “Strategic management is a systematic
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com The Impact of Core Competencies on Competitive Advantage: Strategic Challenge Jehad S. Bani-Hani Department of Business Administration‚ Jadara University‚ Irbid‚ Jordan E-mail: dr_jbanihani@yahoo.com Tel: +962-777404102; Fax: +962-2-7201210 Faleh‚ Abdelgader AlHawary Department of Business Administration Applied Science Private University‚ Amman‚ Jordan E-mail: Alhawary2002@yahoo.com Tel: +962-795777198; Fax: +962- 6- 5232899 Abstract This study examines the impact of core competencies on competitive
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SOCIAL RESPONSIBILITY‚ CONSUMERISM‚ AND THE MARKETING CONCEPT Robert D. Winsor‚ Loyola Marymount University ABSTRACT This paper compares the often-criticized "selling orientation" or "selling concept" with the commonly-praised "societal marketing concept "from the perspectives of consumer rationality and persuasibility. It is suggested that both orientations view consumers as relatively irrational and as easily prone to manipulation by marketers. The implications of this similarity are explored
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consumers a better knowledge and understanding of financial reporting. It provides an insight to basic goals‚ the users of the financial information‚ definition of key essential terms and the primary concepts to Accounting. WestOne Services‚ the Conceptual Framework in Australia‚ Accounting and Finance 3B‚ Concepts and Regulations‚ viewed 33rd of September 2011‚ . Accounting standards are not basic natural law however it is in an economy’s best interest to have them implanted as they will assist with
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product strategy‚ franchise strategy‚ and promotion strategy and so on. McDonalds state that the customers are core of the business activities‚ and their satisfaction is fundamental for the growth of the company and they are moreover the reason for their existence‚ due to this they place their experience and satisfaction at the central part of the organization‚ by provision of high quality service. This assignment topic is about McDonald’s which is one of the biggest fast food restaurants. There is 40
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[pic] Definition of Retail Marketing Retail is the activity of selling goods direct to the public‚ usually in small quantities. Retail is the sale of goods and services from individuals or businesses to the end-user. Retailers are part of an integrated system called the supply chain. A retailer purchases goods or products in large quantities from manufacturers directly or through a wholesale‚ and then sells smaller quantities to the consumer for a profit. Retailing can be done in either fixed locations
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The Green Belt movement was founded 1977 in Kenya by Professor Wangari Maathai‚ under the auspices of the National Council of Women of Kenya. The Green Belt movement is an indigenous‚ grassroots‚ non-governmental organization that takes a holistic approach to development by focusing on environmental conservation‚ community development and capacity building. The Green Belt Movement organizes women in rural Kenya to plant trees‚ combat deforestation‚ restore their main source of fuel for cooking‚ generate
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