warehousing and shipping cost is not really correct. The current method is direct method which ignores In term of Shipping and Warehousing cost‚ low volume products should incur this cost instead of both high volume and low volume products. Because‚ high volume products are deliveried directly to customer so it does not incur the cost of shipping. The low volume products which are sent to distribution center incurred the cost of shipping and warehousing. However‚ the cost of shipping and warehousing
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Never Back Down Have you ever had one of those moments when you wished nothing more than to just give up and leave everything behind? Stupid question‚ everybody has those moments. Well‚ for me it was more like I couldn’t simply lie down and give up. This big realization came to me when I was about ten years old‚ during the third practice football game of the season. “TWEET!” The whistle to start the game finally came. My stomach was buzzing with angry butterflies. However‚ in my case they felt
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Outcome 2.1 Show macro and micro environmental factors which Influence marketing decisions -Gatorade is not PepsiCo official product in Vietnam but it isn’t produced in Vietnam ‚ it was imported from foreign country so the price of the product is higher and isn’t really suitable for Vietnam average income. There are two main environment elements which affect the price of the Gatorade: Micro environment -Competitors: There are many other products to choose in the soft drink market include
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In Watership Down‚ a group of rabbits consisting of ‚Hazel‚ Fiver‚ and their companions travel away in the search of a new warren. On their journey‚ Hazel and the rabbits he brought went through many troubles including‚ crossing a river and Cowslip’s warren‚ a warren that was surrounded by snares‚ until they reach the down. Though they had found their home they wouldn’t keep it for long if they didn’t find does. Kehaar‚ a gull they found at the down‚ told them how to find does. They traveled to
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1 Do you think that education of children with Down syndrome is really important? 2 Do you think there is any specific process for educating this kind of children? . 3 As a doctor‚ do you think having an educational website will be useful and will affect these children’s life? 4 In your opinion what could be the most important aspect in designing this website for children with Down syndrome? 5 Do you think by designing a suitable website according to their disabilities these children will
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DECISION MAKING INTRODUCTION Decision making is an essential aspect of modern management. It is a primary function of management. A manager’s major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager’s activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives
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units of output at a price of $4 each. Which of the following statements is correct? Any typo or mistake is on me. Any questions‚ email me. xgu@econ.rutgers.edu i) Marginal revenue equals $4. ii) Average revenue equals $100. iii) Total revenue equals $1‚600. a. b. c. d. i) only iii) only i) and iii) only i)‚ ii)‚ and iii) 4. For a certain firm‚ the 100th unit of output that the firm produces has a marginal revenue of $10 and a marginal cost of $11. It follows that the a. production
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have a sound knowledge of cost behaviour ie fixed costs‚ variable costs‚ semi-variable costs and sunk costs. Answer: Understanding cost behaviour helps manager in anticipation of changes in cost when there is a change in their activities like production‚ sales‚ inventory pile up etc. It provides good assistance in planning‚ cost management and decision making. A number of behaviour patterns exist ranging from fixed to variable and from linear to curvilinear. Many cost predictions techniques are
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Opportunity Cost Lets start with a small introduction to the topic Opportunity Cost. Opportunity cost is the cost of any activity measured in terms of the value of the next best alternative forgone (that is not chosen). It is the sacrifice related to the second best choice available to someone‚ or group‚ who has picked among several mutually exclusive choices. The opportunity cost is also the "cost" (as a lost benefit) of the forgone products after making a choice. Opportunity cost is a
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COST OF PRODUCTION CONTENTS 1. Introduction 2. Types of costs 3.1 Opportunity‚ implicit and explicit costs 3.2 Fixed and variable costs 3.3 Average costs 3. Types of cost curves 4.4 Marginal cost curve 4.5 Average cost curves 4. Costs in Short run and in the Long run 5.6 Short run 5.7 Long run 5.8 Economies of scale 5. Cost analysis in the real world 6.9 Economies of scope 6.10 Experiential
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