Total cost

other food stalls at the market, Suzi is sure that she can attract at least 5% of market share to start with. The following calculation gives the potential rand value of this market share: Number of consumers 1 880 Average spending per day R16.50 Total spending of consumers per day R31 020.00 Percentage spent on food 20% Potential rand value R6 204.00 Suzi's percentage of market share 5% Rand value of Suzi's market share R310.20 The rand value of Suzi's sales comes to R310.20 per…

It may also negatively impact the customer’s perception of our company. Cost Management (.2) By improving and focusing on cost management, we would gain a competitive advantage in our industry. Wavelength (.2) This area is indicative of our relationship status with our suppliers and the better our relationship is with them, the more willing they are…

into producing it because the capitalist and landlord must get a share of the overall price. Therefore, Smith abandoned the labour cost and command theories as they can only be applied to primitive societies and not in advanced societies like the one he was living in which led him to develop and adopt his third theory. Karl Marx had a similar theory to Smiths labour cost and command theory where Marx’s theory follows a pre capitalist way of life where “producers own their own means of…

Portion control is important for body weight management as the weight is defined by the total calorie intake. Portion control is about knowing the correct measures or serving sizes as per calorie counts and fat content for different foods and beverages. A must for losing weight in a healthy way, portion control is something which stands right…

With the amount of money this will cost us if it passes, the future doesn't look very bright for those of us on a strict budget. By-the-way, Patty has been in contact with me, too. She's very concerned about any increases; and when I told her Ed has been using his credit card to purchase…

products could fail. * The company may overestimate market size. * The actual product may be poorly designed. * It might be incorrectly positioned. * Launched at the wrong time. * Priced too high. * Poorly advertised. * Or the cost of product development is higher than expected. To create successful new products, we must: 1st. Understand its customers, markets and competitors thoroughly. 2nd. Develop products that deliver superior value to customers. To meet…

lower cost provider. If they maintain competitive prices, the realization of greater profit may lead to expansion in the marketplace because of better access to capital, and they may even be in a position to acquire local competitors (Cleverley, Cleverley, & Song, 2012). Capital intensity can also have an influence on pricing. Firms that are heavily capital intensive often have higher levels of fixed cost. It is also likely that their variable cost of production as a percentage of total cost…

Why wa sthe pony express important in history? In 1860, the telegraph line (from east to west of America) only reached St. Joseph in Missouri. Between San Jose and Sacramento on the West Coast there were almost 2000 miles away wich made sending messages by land or sea for months. Then came the question that how to send messages to California in a faster way. Due to this need a horse-lined mailing system called The Pony Express was created. The riders had to carry the mail as quickly as…

Theory Power, as we know, consists of two components, active and reactive power. The total sum of active and reactive power is called as apparent power. 1.1.1 Active Power “Power is a measure of energy per unit time. Power therefore gives the rate of energy consumption or production. The units for power are generally watts (W). For example, the watt rating of an appliance gives the rate at which it uses energy. The total amount of energy consumed by this appliance is the wattage multiplied by…

The death rate of a population is the direct relationship between the number of people who die in a given population contrasted against the total number encompassing that population as a whole and measured with a specified unit of time. Immigration is the term for establishing residency in a geographical area non-native to a person's genetic country of origin . Emigration involves the same root process as immigration, moving to a new country independent from one's country of original origin,…