not all cost and revenue data is relevant. The cost data relevant for decision-making is referred to as relevant costs and that which is not useful for decision-making is non-relevant costs. On the revenue side‚ the only relevant revenue is the incremental & differential revenue. Relevant and Non-Relevant Costs: 1. Future Costs and Sunk Costs (IR): A future cost is that cost yet to be incurred and since the decision is in the future‚ future costs are relevant. A sunk cost is a historical
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Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider strategic behaviour of
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of personal selling is the development‚ organisation and completion of a sale in a market exchange based transaction. The company’s heavy reliance on online sales differentiates it from the traditional market leaders and reduces costs. Interactive marketing provides marketers with opportunities for much greater interaction and individualization through well-designed Web sites as well as online ads and promotions. Interactivitiy one of the key characteristics of personal selling. Personal selling
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To what extent is there sufficient clarity and certainty in the establishment of contractual terms for transactions completed online. Incorporation of terms by signature and notice. The astonishing electronic creation of the internet has changed the boundaries of business-consumer contracts‚ presenting an economic rise of businesses and individuals (Saul). Development of traditional contract law was formed to deal with unfair communication though its effectiveness is raised; current principles of
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There are a few cultural factors in international selling. Culture is the distinctive way of life of a person that is not biologically transmitted and it will be passed on from one generation to another‚ evolving and changing over time. Sales approach should be adapted for different cultures‚ with regarding to issues like Aesthetics‚ Religion‚ Education‚ Language and Social Organisation. Aesthetics is a non material cultural factor which may have an influence on the development of overseas market
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Personal Selling & The Marketing Concept Personal Selling - A Definition and a Philosophy Personal Selling is a process of developing relationships; discovering needs; matching the appropriate products with these needs; and communicating benefits through informing‚ reminding‚ or persuading. The development of a personal selling philosophy for the information age involves three prescriptions: 1) Adopt marketing concept. 2) Value personal selling. 3) Assume the role of a problem solver or partner
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You Are What You Wear Whoever said “clothes make a man” had the right idea about people perceive each other on the first look. Whether you like it or not‚ a big part of the first impression that we make when you meet someone depends on how you look – which is basically how you’re dressed. Looking good is an obsession with people these days. We love to keep up on the latest trends and make sure we’re sporting the latest fashion. Just take a look around you. Bangalis seem to be really catching
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Do you consider Proctor to be heroic? As Proctor signs away his soul and seals himself to lies‚ he cries the agonising statement that renders the audience and readers helpless. “Proctor: [with a cry of his soul] … I have given you my soul‚ leave me my name!”Is Proctor a hero? What is a hero? What makes somebody a hero? Hero: a man of distinguished courage or ability‚ admired for his brave deeds and noble qualities. [dictionary.com] Every hero has a flaw; an Achilles heel‚ so to speak. This
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You are what you say The essay‚ " you are what you say " is written by Robin Lakoff‚ a Professor of Linguistics at University of California. She has explicated her view on how English language has functioned to revile and debase women‚ why women are thought to be juvenile‚ dependent and frivolous species. Certain views which makes fair sex less thriving than men. The subject is of great interest as it illustrates that women only say what they mean‚ but what they say is inferred by men in a pejorative
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Jim Mathis Mrs. Carr AP Language and Composition 16 September 2014 What to Consider When Creating a Memorial A memorial is a materialistic piece that is intended to make people remember and have an emotional relationship with the event that took place‚ or person that accomplished a goal or made a great sacrifice that made an impact. What deems something or someone worthy of having a monument created? What should be considered when planning and constructing the monument? There are several factors
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