Marketing Break-even Analysis Fixed Cost – costs that remain constant over a range of activity irrespective of the quantity produced • ex: rent‚ insurance‚ depreciation‚ office overheads Variable Cost – costs that vary directly with the quantity produced • ex: direct labor‚ direct materials‚ sales commissions Break-Even Point – the point of production at which Total Revenue = Total Cost Total Revenues = P X Q Total Cost = TFC + TVC Total Variable Cost (TVC) = VC/unit X Q Contribution
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Analyzing Adolescent Behavior Problems Erik Erikson came up with 8 stages of development. He believed that each of these stages were a part of a sequence and in each stage there was a crisis attached to it. The following are Erikson’s stages of development: 1. Trust vs. Mistrust – This occurs from birth to two years old. 2. Autonomy vs. Doubt Crisis – This occurs from the ages of 2 -3. During this stage of development children are trying to gain some independence but they also experience doubt
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In most organizations‚ supply chain collaboration between the organization and suppliers can reduce inventory costs with the use of information technology (IT). Laudon and Laudon (2007) suggest that IT consists of all hardware and software that a firm needs to use in order to achieve its business objectives. Computers‚ printers‚ and handheld personal digital assistants are considered hardware components. Software includes operating systems such as Linux or Windows‚ the Microsoft Office desktop productivity
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Cost Theory in Economics A central economic concept is that getting something requires giving up something else. For example‚ earning more money may require working more hours‚ which costs more leisure time. Economists use cost theory to provide a framework for understanding how individuals and firms allocate resources in such a way that keeps costs low and benefits high. 1. Function * Economists view costs as what an individual or firm must give up to get something else. Opening a
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change consumer and supplier relationships? The Internet is one of the great inventions of human kind. Go along with the development of science and technology‚ Internet changed the face of the world. Especially‚ in business‚ Internet plays a vital role because it connects all factors to create the success of business. Internet links customers and suppliers into the stable and mutual benefit’s relationship. Firstly‚ Internet changes the relationship between customers and suppliers from indirect to direct
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factors between marketer and customer. So that this paper began to discuss these two situations follow by value and brand image. Finally‚ customer leaning will be analyzed to show why a customer can find the relevance‚ purpose and significance which even creator is not aware of. moreover‚ in order to prove the reliability of the article argument‚ this essay will investigate some academical literatures‚ which includes customer value‚ brand value‚ brand image and customers learning. Values "Marketers
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BLT1 CREATING CUSTOMER VALUE Most of the companies nowadays utilise customer-centric approach as to ensure the quality service brought to the customer (Bolton 2004). Moreover‚ recruiting new customers cost always more than maintaining loyal customers that ultimately aims for profit for the organization (How not to let business slip away: Don’t upset old customers when tempting new ones‚ 2010). As a result‚ a lot of attentions have been drawn from the customers by the organizations via different
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neither of the two. Outsourcing calls for the process of obtaining goods from a foreigner outside source. Almost every organization outsources in some way; typically‚ the function being outsourced is non-core to the business. By choosing to outsource jobs in developing countries‚ businesses can attain massive benefits while simultaneously strengthening the economies of the two partners. To some outsourcing may seem as a choice‚ but in reality its cost saving factors may be the only option. In America
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Esther Olayinka Ogbonnikan JOB SATISFACTION AND EFFICIENCY AMONG HOTEL WORKERS Case Study of Giant Star Hotel Lagos‚ Nigeria Thesis CENTRAL OSTROBOTHNIA UNIVERSITY OF APPLIED SCIENCES Degree Programme in Tourism March 2012 CENTRAL OSTROBOTHNIA UNIVERSITY OF APPLIED SCIENCES Date March 2012 Author Esther Olayinka Ogbonnikan Degree programme Degree Programme in Tourism Name of thesis JOB SATISFACTION AND EFFECIENCY AMONG HOTEL WORKERS: Case Study of Giant Star Hotel
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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