(Version 1) or Kotler‚ Philip and Armstrong‚ Gary‚ 2009‚ Principles of Marketing: A global perspective‚ Pearson. (Version 2) b) Reference books or resources Instructor Manual with CD-ROM 04.02e-BM/DH/HDCV/FU 1/2 1/11 3) Implementation plan in details * Topics/ Chapters/Unit Chapter 1: Marketing: Creating and Capturing Customer Value Slot number Content Syllabus – Introduction of the course objectives‚ schedule and assessments Chapter 1 – Marketing: Creating and Capturing Customer Value
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Contract of sale Table of content 1. The seller’s duty to protect 2. The seller’s duty to deliver 3.1 The meaning of delivery 3.2 How delivery occurs 3. The seller’s ability for latent defects 4.3 General principles 4.4 Requirements for liability 4.5 Scope of the seller’s liability 4.6 Waiver at the time of conclusion of the agreement 4.7 Latent defects in repairs 4. The manufacture & dealer’s liability for latent defect 5
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amounts which are set aside out of the profits for a specific purpose e.g. provisions for bad debts‚ doubtful debts or depreciation‚ etc. These provisions are made in view of some expected events. Any expected loss in the future relating to the current accounting period must be charged (i.e. debited) to the profit and loss account of the current period. Similarly‚ any expected gain in the future relating to the current year must be credited to the profit and loss account of the current year. N
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additional gaming revenues. Terrence Wei‚ the new property president‚ feels that his department managers appear to be in conflict with each other. The managers of each department have expressed concerns when it comes to running their department under the profit center approach. Overall‚ complementary costs and allocated overhead included in the direct costs pose more of a problem in determining the amounts to allocate. More specifically‚ the hotel manager complained about capacity constraints. It is difficult
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ECON 600 Lecture 3: Profit Maximization I. The Concept of Profit Maximization Profit is defined as total revenue minus total cost. Π = TR – TC (We use Π to stand for profit because we use P for something else: price.) Total revenue simply means the total amount of money that the firm receives from sales of its product or other sources. Total cost means the cost of all factors of production. But – and this is crucial – we have to think in terms of opportunity cost‚ not just explicit
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| Your answer has been saved and sent for grading. See Gradebook for score details. | | | A collection of people working together in a division of labor to achieve a common purpose refers to a(n): | mission. | | organization. | | club. | | labor union. | | team. | Test Bank Question 109 | | | | Your answer has been saved and sent for grading. See Gradebook for score details. | | | According to Archie Carroll‚ if a manager doesn’t subscribe to
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Profit Determination Prepared by John Hoggett and Clare Innes Measurement of Profit • Cash basis • Cash income received - Cash expenses paid – Revenues recorded when received – Expenses recorded when paid • Accrual basis • Profit = Income (incl. Revenues) - Expenses – Revenue is recognised when the anticipated inflow of economic benefit can be reliably measured – Expenses when the consumption of benefits can be reliably measured 2 Adjusting Entries • The need for adjusting entries-
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Altamirano 1 Victor J. Altamirano Professor Powers Business and its Publics 25 February 2012 Subsidizing Profits In contemporary United States policy‚ the conception of free market principles result in negative externalities for the public as well as market inefficiencies. To address these issues‚ the government has developed methods to sway commercial enterprise and its services through taxes and subsidies. Taxes are used to discourage certain transactions and production operations
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profit maximization Definition A process that companies undergo to determine the best output and price levels in order to maximize its return. The company will usually adjust influential factors such as production costs‚ sale prices‚ and output levels as a way of reaching its profit goal. There are two main profit maximization methods used‚ and they are Marginal Cost-Marginal Revenue Method and Total Cost-Total Revenue Method. Profit maximization is a good thing for a company‚ but can be a bad thing
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Both not for profit and for profit companies have many similarity and differences. A lot of companies start with the intent of making a profit. These companies also pay taxes and are called profit or for profit companies (Rodwell‚ & Teo‚ 2013). Other companies‚ while they can make a profit begin with the intent of helping others. These companies are not for profit or non-profit organizations. Nonprofit organizations are not allowed to make a profit‚ and do not pay taxes‚ but they might generate
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