Legal costs

The Worthless Pennies What is the penny? To some its a coin, to some, its a waste of time and money. The penny should be abolished and is unnecessary in todays society. We usually throw our pennies in the road or in our car somewhere anyways so whats the point of even having them. I know that the penny is a reminder of the great president Lincoln, but the penny is just a waste now in the present. Even though pennies resemble Abraham Lincoln and are still used today, they should be abolished…

Luxuries Versus Necessities In today’s generation, people mislead the value of their luxuries over their necessities, rather than vice versa. There is multitudinous amount of luxuries that people value more than their necessities. There are also many ways as to how this topic refers to transcendentalism. To begin, most luxuries that people uphold higher than their everyday necessities, are those of little importance. For example, a phone is the most common luxury that is held at a higher…

1.1 Economic Fundamentals: Identify the factors of production and discuss their importance as the bedrock of the theory of the firm. The factors of production are the inputs used to manufacture products and provide services. These inputs include labor, land, and capital. The theory of the firm is a microeconomic model referring to businesses and corporations and how those entities exist to make profits. Firms interact directly with the market to determine the demand for their goods so they can…

would be sub-optimal because as long as it achieved its variable costs it makes sense because it has unused capacity. 5. Setting a market price for DIV A products when there is still no market for the intermediate product means that the managers have to find a comparable product to estimate the price for DIV B which might not be really…

for higher prices, while buyers would offer less for certain goods or services. Through deals, they would come to a mutual agreement of price acceptance. Price is the only attribute in marketing mix that yields revenue, all other attributes produce costs (Kotler, 1997). Companies often use different pricing techniques to stimulate early purchase specially to accommodate differences in customers, products and locations. Marketers often refer to such pricing as discriminatory. Price…

CYCLE COSTING LIFE CYCLE COSTING  Life cycle costing is defined as the total cost throughout its life including planning, design, acquisition & support costs & any other costs directly attributable to owing / using the asset.  Category of LCC capital assets: • Initial costs • Operating costs • Disposal costs SIMPLE FORMULA FOR LCC LCC= Capital + Lifetime operating cost + Lifetime maintenance cost + Disposal cost –Residual value NUMERICAL EXAMPLE 1. A company is planning a new product.…

Question 1 What is a supply chain system? A supply chain system is the flow of material which may be considered as raw, which in turn is transformed, and then sold to customers. This flow of material is normally split into three parts, which are the Upstream, Internal and Downstream. The Upstream is where the procurement of the material or multiple different materials is done. In a case where to produce a particular product, several raw materials are needed, then the different companies which…

Aldi uses a Cost-Focused competitive strategy. This can be seen by the way that Aldi takes more consideration of the middle class people that live in rural and suburban areas by introducing the lower prices on most of its products. Aldi focuses more on high volume and fewer products, so that they are able to increase their sales and still offer lower prices. Another thing that Aldi does to implement the cost-focused competitive strategy is that they are not open for twenty-four hours like many…

everyday because other people want to drive and text. I agree with the no texting while driving. In fact, if you drive while texting you are putting your life in danger. You are also putting others life in danger. The repairmen of your car and injury’s cost millions of…

Continuance Commitment: Continuance commitment is the “need” component or the gain/loss of working in an organization. Continuance commitment is the degree with which employees realize that if they left the organization, the loss of it would be greater than the benefit. The perceived losses can be monetary (pay and benefits); social (friendship); or professional (might have seniority). If there is higher level of continuance commitment, the degree of attachment with the organization will be…