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Planning and Budgeting - Research Paper Example

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Summary
The companies have to cope up with many factors when launching a product and have to analyze even more factors when setting up the price for that product. The laws set up by the government play a vital role in setting up the business to perform its operations…
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Planning and Budgeting

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Under the U.S. Robinson-Patman Act, a manufacturer is not permitted to price-discriminate between two customers if the intent is to lessen or prevent competition for customers. [4]
The government sometimes sets up Price Ceilings or Price Floorings to prevent the companies to price their products above or below a certain limit to protect smaller companies.
The Sherman Act was designed to protect freedom of competition, thereby freeing prices to fluctuation subject to market forces. [3]

All these laws do act as a guide for the companies of how to price their products but in reality it is a hindrance as the companies are not completely free to price their products as they want to.

2.
I agree with the statement issued by the manager of the R&D department but there is a way around the problem. It is true that the research and development department only has a vague idea what the end result will be. That is why goals set for the research department are flexible. And based on these flexible goals the expected net present value can be found. The R&D manager can specify a range in which the expected net present value can lie as to give the company some idea how to budget and what to expect. This is the best that is possible since exact values are really difficult to predict.

Part Three
The company, EVENTIS is an event creator, organizer and manager. It has organized various events in its short history of 8 months and has come to be known as a very competent company. The company's portfolio includes organizing events such as weddings, concerts, gigs, conferences, seminars and the biggest event as yet, the Australian Cultural Festival. In this short span of time, EVENTIS has gathered a force of 400 young, talented and highly...
[4]
I agree with the statement issued by the manager of the R&D department but there is a way around the problem. It is true that the research and development department only has a vague idea what the end result will be. That is why goals set for the research department are flexible. And based on these flexible goals the expected net present value can be found. The R&D manager can specify a range in which the expected net present value can lie as to give the company some idea how to budget and what to expect. This is the best that is possible since exact values are really difficult to predict.
The company, EVENTIS is an event creator, organizer and manager. It has organized various events in its short history of 8 months and has come to be known as a very competent company. The company's portfolio includes organizing events such as weddings, concerts, gigs, conferences, seminars and the biggest event as yet, the Australian Cultural Festival. In this short span of time, EVENTIS has gathered a force of 400 young, talented and highly motivated employees through its friendly and goal oriented work environment. The satisfied customer base is increasing day by day and the future looks bright for EVENTIS at least for the near future.
Responsibility centers are those parts of the organization which complement its functions. The business is broken down into different segments which are controlled by different managers. ...Download file to see next pagesRead More
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