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The prices of goods and service we purchase in the marketplace can have an elastic or inelastic demand. Three items I recently purchased are coffee, premium ice cream, and a ticket to watch an entertainment event. The first product coffee has an inelastic demand because its demand is not affected by price. The other two products have elastic demand. If the Ice cream or the entertainment ticket would have been too expensive it would have been possible that I would not have purchased the items.
Price discrimination occurs when one customer is charged a different price for the same product at the same store. For example universities are participants of price discrimination. International students get charged a higher price for education than American citizens. The Avatar 6:00 P.M. example also qualifies as price discrimination. The people that enter the first movie run which starts prior to 6:00 P.M. get charge at times less than the people that go to the theater in the
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The present intraday market capitalisation of the company is approximately $313.5 million. In 2011 the company had a global sales record of $229.8 million. The cash from operation of the company was $32.7 million. Oyster Bay Marlborough Sauvignon Blanc won the premium white wine for the consecutive sixth year at the Australian Liquor Industry Awards in 2010.
in 2007 – 2009, the natural rate of unemployment in this nation was considered to be around 5 percent by most economists. Now this rate has been hiked up to 6 percent. But the official unemployment rate is 8.1 percent. The article tries to find out the reasons behind such a high unemployment in this nation.
3. Material B requirements 10*300=3,000 10*250=2,500 Cost of unused material=$500 The unused inventory of material B will form part of direct cost for material B to be used in the manufacturing process. 4. Machine components Direct cost of components 500*8=$4,000 Purchase from external market 500*14=7,000 Machine component cost forms part of the general expenses incurred while running the project.
Managerial accounting is the identification, collection, classification, and reporting of financial and non-financial information, which is useful to internal users in planning, controlling and decision making (Rich and Jones 667). Managerial accounting is a vital function of an organization. It aids in planning for the future.
This is done better by the use of economic and financial information in planning and controlling the activities of such entities (Dopson, 2009).
A managerial accounting course will enable the managers use financial information in making future decisions of the business.
Changes in cost; fixed cost remained unchanged as they acquired the premier league rights as operation cost increased to addition of channels while marginal cost increased as the company had to acquire an extra channel as they decided to broadcast on its own sports (Hubbad &
), he stated that increased level of globalisation and advancement in information technology has led to the development and adoption of various organisational learning concepts. This present essay is aimed at evaluating the learning process from an organisational level. The
There are certain scenarios in which CSR implementation by a firm appear to be beyond compliance. It then comprises of doing activities for social good and not for firm’s interests. This is a process that
Today, practically all managers in both public and private organizations acquire different levels of power to complete various organizational goals required of them to accomplish. However, this is always dependent on their knowledge in understanding the different sources of power at their disposal
However positive a managers intention are without proper communication approaches he/she is likely fail as a leader. Communication can be a big problem more so for first time business leaders. Serving at the front line as an employee does not require much
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