ACC 561 Incremental Analysis Paper
Incremental Analysis
ACC 561
February 16, 2015
Incremental Analysis
Distance and heading; two of the most important items necessary when taking flight, regardless of aircraft type. This allows the pilot to know what direction, and how far away he or she is travelling. The same rules apply in business. If the business model, or plan, is not clear and concise, the potential for becoming lost or worse becomes real. The following will discuss the differences between financial and economic factors and running a business. Additionally, how these factors affect business strategies, and how each inform making business decisions, concluding with an example from Motorola.
Financial Factors vs Economic Factors
Businesses measure success in terms …show more content…
Economic factors frequently influencing the function of a business consist of employment, consumer confidence, inflation, and interest rates (Diffen, 2015). There are a number of differences between financial and economic factors. Economics assist in explaining the factors involved in the insufficiency or excess of merchandise and services, which influence and used in every business (Diffen, 2015). Finances mainly consist of saving and lending funds, keeping in mind the time obtainable, cash on hand, and any threats involved (Diffen, 2015). Finances therefore reflect as a slight subsection, or a counterpart, of …show more content…
(2015). Retrieved from http://businesscasestudies.co.uk/first-group/managing-external-influences/political-and-economic-factors.html#axzz3RwWTd3hD
Diffen. (2015). Economics vs Finance. Retrieved from http:/www.diffen.com/difference/Economics_vs_Finance#
Kadocsa, G., & Francsovics, A. (2011). Macro and Micro Economic Factors of Small Enterprise Competitiveness . Acta Polytechnica Hungarica , 8(1), 23-40. Retrieved from http://www.uni-obuda.hu/journal/Kadocsa_Francsovics_27.pdf
Kimmel, P.D., Weygandt, J.J., & Kieso, D.E. (2011). Accounting: Tools for business decision making (4th ed.). NJ: John Wiley & Sons
Kono, P., & Barnes, B. (2010). The Role of Finance in the Strategic-Planning and Decision-Making Process. Graziadio Business Review, 13(1), . Retrieved from http://gbr.pepperdine.edu/2010/08/the-role-of-finance-in-the-strategic-planning-and-decision-making-process/
The Worst Business Decisions of All Time (2012). Retieved from
ACC 561
February 16, 2015
Incremental Analysis
Distance and heading; two of the most important items necessary when taking flight, regardless of aircraft type. This allows the pilot to know what direction, and how far away he or she is travelling. The same rules apply in business. If the business model, or plan, is not clear and concise, the potential for becoming lost or worse becomes real. The following will discuss the differences between financial and economic factors and running a business. Additionally, how these factors affect business strategies, and how each inform making business decisions, concluding with an example from Motorola.
Financial Factors vs Economic Factors
Businesses measure success in terms …show more content…
Economic factors frequently influencing the function of a business consist of employment, consumer confidence, inflation, and interest rates (Diffen, 2015). There are a number of differences between financial and economic factors. Economics assist in explaining the factors involved in the insufficiency or excess of merchandise and services, which influence and used in every business (Diffen, 2015). Finances mainly consist of saving and lending funds, keeping in mind the time obtainable, cash on hand, and any threats involved (Diffen, 2015). Finances therefore reflect as a slight subsection, or a counterpart, of …show more content…
(2015). Retrieved from http://businesscasestudies.co.uk/first-group/managing-external-influences/political-and-economic-factors.html#axzz3RwWTd3hD
Diffen. (2015). Economics vs Finance. Retrieved from http:/www.diffen.com/difference/Economics_vs_Finance#
Kadocsa, G., & Francsovics, A. (2011). Macro and Micro Economic Factors of Small Enterprise Competitiveness . Acta Polytechnica Hungarica , 8(1), 23-40. Retrieved from http://www.uni-obuda.hu/journal/Kadocsa_Francsovics_27.pdf
Kimmel, P.D., Weygandt, J.J., & Kieso, D.E. (2011). Accounting: Tools for business decision making (4th ed.). NJ: John Wiley & Sons
Kono, P., & Barnes, B. (2010). The Role of Finance in the Strategic-Planning and Decision-Making Process. Graziadio Business Review, 13(1), . Retrieved from http://gbr.pepperdine.edu/2010/08/the-role-of-finance-in-the-strategic-planning-and-decision-making-process/
The Worst Business Decisions of All Time (2012). Retieved from