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

Organizing , critically discuss the 5 fundamentals of organizing

critically discuss the 5 fundamentals of organizing

Illustrate the term accounting, Illustrate the term accounting? Accou...

Illustrate the term accounting? Accounting: It is an art of classifying and recording data. Here, the data considers to transactions consisting of monetary or financial v

Strategy, Explain strategy as an organizational process?

Explain strategy as an organizational process?

What are functions are included for the industrial manager, What are functi...

What are functions are included for the Industrial Manager? The Industrial Manager is included in the illustrated functions as follows: a.    design products which will find a

Describe michael porter''s five forces, (a) Outline the method of carrying ...

(a) Outline the method of carrying out a quantitative survey which is used in the market research. (b) Describe Michael Porter's five forces that is used to analyse the micro en

Organising behaviour, what could you do to make Rajinder?s transition easie...

what could you do to make Rajinder?s transition easier?

Assignment, Hi I have one assignment. Can you please give me a quote? It is...

Hi I have one assignment. Can you please give me a quote? It is Advanced Diploma of Business''s assignment and workbook in which you need to answer the questions in workbook and th

What is the grievances handling, What is the Grievances Handling? Gri...

What is the Grievances Handling? Grievances Handling: Individual workers usually have several complaints called grievances in opposition to the working rules of the busin

Preparation of maintenance request, The maintenance report is simply a ...

The maintenance report is simply a document or various maintenance suggestion and recommendations given by the inspection report. The suggestion and recommendation s give

What are the pitfalls and benefits of planning, Question 1: i) Differen...

Question 1: i) Differentiate between internal and external environment in which an organization operates. ii) How managers will reduce the influence of the external environ

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