Illustration based on business opening hours, Business Management

Assignment Help:

Business opening hours

a) Opportunity cost refers to the cost of the next best alternative that is foregone in a decision. In this case, it refers to the loss income by not opening supermarkets on Weekends.

b) Illustration of opportunity cost mentioned include

  • Loss of supermarket sales by not operating on Sundays or weekends or by not operating "24-hour stores".
  • Banks potentially losing clients on Weekends.
  • Fines for refusal.

These factors will obviously affect commerce decision making, e.g. whether to do business on Sundays or 24-hour a day.

 


Related Discussions:- Illustration based on business opening hours

Problems that reload might come across includ, b) Problems that Reload migh...

b) Problems that Reload might come across include  Rivals such as Delifrance and Subway are better known multinational companies with well-established customer networks. This p

Benefits of just in time manufacturing, 1. Reduction  of wastes ( defects  ...

1. Reduction  of wastes ( defects  scrap and rework  ) and  increased ability to remain  competitive  through  customer focus and  delivering superior performance of both goods  an

IPhones, what kind of legal or socioculture issues might Apple be facing r...

what kind of legal or socioculture issues might Apple be facing rolling out their new iphone?

Business ethics, what is utilitarianism and what are its benefit in busines...

what is utilitarianism and what are its benefit in business

Safety and environmental issues, You must present a complete HAZOP for one ...

You must present a complete HAZOP for one part of the process. The HAZOP should be accompanied by a commentary explaining what decisions were made? Why? What changes are required?

Mission and vision of your organization, QUESTION (a) Describe the five...

QUESTION (a) Describe the five basic propositions which form the premise of Neher's view on organizational communication. (b) (i) Differentiate between the functionalist

Explain the term internal environment of an organisation, QUESTION Many...

QUESTION Many business people tend to forget the importance of the internal environment for the success of their organisation. They rather give more importance to the impact of

What do you mean by managerial motivation, What do you mean by Managerial M...

What do you mean by Managerial Motivation? Managerial Motivation: This motivation is the means or inducements that impel or inspire a person to intensify his willingness

The two-tier and three-tier web client-server architectures, QUESTION (...

QUESTION (a) Compare the two- and three-tier Web client-server architectures, and indicate the role of each tier in each architecture. Which architecture is the most likely can

Costco, Describe Costco’s two primary internal core business principles

Describe Costco’s two primary internal core business principles

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd