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Business
This statement should be true in the short term. To understand why, you must first understand what makes up total cost. Total cost is the sum of the variable costs and fixed costs for producing a...
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Business
When collecting data using questionnaires, it’s not guaranteed that your respondents will answer all questions. No researcher wants blank spaces or unmarked responses. The lack of participation...
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Business
The way I interpret this statement, it means that the manager’s main task has to do with the state of mind of the employees. In other words, the manager’s task is to make sure that the workers...
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Business
A decentralized organization, as the name suggests, allows for more decision making at a departmental, local, and regional level and the horizontal as well as vertical flow of information. In a...
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Business
The way in which a company uses its accountant or accountants is key to its success, and if you are one of those accountants, you can take the lead in ensuring that your skills benefit your...
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Business
The study commissioned by the owner of a baseball team and local stadium shows that the demand for stadium seats is given by the P = 22 - 0.2Q where P is the price of the ticket and Q is the number...
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Business
The price elasticity of demand coefficient of a good is given by the ratio of percentage change in demand and the percentage change in price. For most goods it is seen that the demand increases...
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Business
There have been several major changes in the nature of the workforce, driven to a large degree by technological capabilities as well as economic factors. Perhaps the most significant technology to...
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Business
The Ansoff Matrix was proposed by Igor Ansoff and presented in the Harvard Business Review in 1957 as a means for "marketers and small business leaders" to quickly develop a growth strategy...
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Business
Process strategies are interventions that are made to make the best out of a business using currently-available resources rather than outsourcing and having to spend more. It also entails higher...
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Business
Although it is common to refer to "the law of diminishing returns," this concept does not act in a certain or predictable way even within economics. When applying it to academic study, the results...
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Business
Here at eNotes, we are not allowed to provide you with fully written and developed answers with regard to your question. However, I can give you some ideas as to how you might want to approach this...
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Business
An analysis of opportunity costs help people make better financial and lifestyle decisions. An opportunity cost is profit lost when one choice is made over another. In this case, one is comparing...
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Business
Opportunity cost is a term often used in business when assessing various investment options. In short, opportunity cost is the profit that you lose when you choose one alternative rather than...
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Business
Usually, this statement would be true. Marginal cost refers to the cost of producing the next unit of output. By contrast, variable costs are all the variable costs associated with all the output...
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Business
The relationship between the average ticket price and the number of seats is linear and so one way to find the maximum revenue that can be earned is to graph the function. If you substitute y for P...
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Business
The AFL-CIO (American Federation of Labor and Congress of Industrial Organizations) is a confederation of 55 national and foreign unions that represent over 12 million laborers in different...
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Business
Several factors increase aggregate demand, which represents the total amount of demand for a product at every price point along the supply-demand curve. To clarify, demand for widgets generally...
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Business
There are, generally speaking, few downsides to a decrease in the unemployment rate. Most economists agree that it is good for an economy to have a high and stable rate of employment. The more...
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Business
A good way for you to answer this question is to analyze why some European countries opted not to enter the Eurozone (in other words, adopt the euro and use it instead of their own national...
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Business
The characteristic functional areas of an organization constitute the areas of: Accounting Human Resources Customer Service Marketing They can include more or less areas, depending on the type...
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Business
The variable costs in creating one unit of the game is £66 and the fixed costs are £495,000. The selling price of each unit of the game is £99. Let the number of units required to be sold for a...
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Business
Most organizations have in place what they call an organizational or business tree. This is a schematic/diagram that represents the various departments in the company and by way of a flow chart...
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Business
A private limited company or limited liability company is a business entity that offers almost all the legal liability protection benefits of a C corporation, without the added compliance and...
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Business
The best advice is to be relaxed and well prepared before going in to conduct a sales position interview that aims to select a new sales associate for your firm. To be prepared, thus relaxed,...
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Business
There is no way to give an intelligent answer to this question given the amount of information you have given us. I assume that this is part of a longer question that has specific numbers that you...
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Business
To find the beginning of the month inventory, you add the ending inventory to the cost of goods sold then subtract the cost of new inventory. Your "net sales" represents your cost of goods, and...
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Business
The marketing process consists of the strategy of segmenting, targeting, positioning and differentiating the product, service or brand. The function of the marketing manager in this process...
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Business
Classical economists would blame this largely on unions and contracts. The idea behind classical economics is that wages will be able to move down very quickly. That would mean that businesses...
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Business
The official currency of the Dominican Republic is the Dominican Peso. Within the Dominican Republic, the symbol for the peso is $. Of course, that sign is used for other currencies. In...
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Business
I think it depends on the type of factory that you are talking about. So many of today's factories are so automated that there is little to fo a motion or time study on. These were common when...
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Business
A high multiplier means that for every dollar the government "spends" (either by spending it or by not taking it in taxes) there is a higher return in terms of having GDP go up. So, if the...
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Business
Organizational diversity refers to the promotion and inclusion of a multicultural workforce within a company. This allows an organization to leverage and draw from a diverse range of talents and...
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Business
In any capitalist economy, businesses play a huge role. Businesses are the major provider of jobs and the major drivers of economic growth in a typical capitalist economy. In a capitlist economy,...
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Business
Since Qantas was founded in 1920 in the Queensland outback of Australia, there may be much opportunity to check to see if the company structure has kept abreast of the times. SWOT is the analysis...
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Business
The contribution margin ratio is the contribution margin divided by the sales. The price of each pizza to be sold at the pizza parlor is $10 and the variable costs per pizza are $6. The...
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Business
For me, the biggest difference between these two is that financial accounting is more for the benefit of outsiders than for insiders. It is meant to give information to investors and the...
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Business
There are several theories. One is simple pragmatism, in which one accents the practical outcomes of things. In this model, if an action works, it would be good. A related but more complex theory...
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Business
Well, this assignment seems just like a general explanation of your product as well as some background on the company and founder. In this case, it is fairly straightforward. First, explain your...
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Business
The World Is Flat: A Brief History of the Twenty-first Century is a book by Thomas L. Friedman about globalization. The issue here is one of understanding metaphor. The world, on a literal level,...
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Business
This response will offer evidence that can be used to respond to the first of these questions. Many activists and watchdogs argue that Google has not always done enough to promote or even protect...
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Business
There are numerous challenges to economic globalization as the world approaches 2020. In theory, economic globalization is a positive thing, because it fosters growth in the world economy. But...
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Business
There are numerous comparisons that can be made when doing a ratio analysis because you can compare any number of values on a company’s financial statement. In the end, however, there are two...
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Business
Johnson & Johnson has been ordered to pay well over half a billion dollars as a response to the ruling that they created a public nuisance that has contributed to the growing opioid crisis and...
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Business
Business ethics (also known as professional ethics or corporate ethics) is a term which is used to describe all of the written and unwritten moral and ethical principles, norms, policies, and...
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Business
The ethical climate of an organization refers to the organization's shared beliefs and opinions on what is ethically and morally right and wrong, what is proper ethical and moral behavior, and the...
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Business
Ethics as a subject is crucial when it comes to being a successful entrepreneur and business owner, which is why it should be a part of all educational and business school programs. If there is no...
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Business
Ethics can and should certainly be taught in business schools. In fact, more often than not, business ethics is a core part of the curriculum at many institutions, just as it is an annual...
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Business
Most organizations have a pretty standard ethical climate. They advocate doing good in the community and keeping everything above board—not receiving impermissible gifts or benefits, ensuring that...
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Business
Many studies show that business organizations that have a good ethical climate are much more successful in comparison with organizations and companies that have a poor ethical and organizational...