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

You are employed by an events management company and, You are employed by a...

You are employed by an events management company and your team is tasked with managing the project planning and events management for a tour involving a number of events. Your clie

Reflect report, how much it cost for proof reading and editing checking gra...

how much it cost for proof reading and editing checking grammar etc for 2500 words#

Who is an entrepreneur, Who is an entrepreneur? An entrepreneur is a pe...

Who is an entrepreneur? An entrepreneur is a person who is capable to express and carry out the urge; skill, innovative and motivation capability to establish a business or ind

The benefits of quality standard iso 9000, BC4 is a manufacturer of bedroom...

BC4 is a manufacturer of bedroom furniture with four factories in the south of the country. As a result of declining company financial performance, the Managing Director (MD) engag

Budget, Define master budget

Define master budget

What is meant by inventory, QUESTION 1 What is meant by inventory? 2...

QUESTION 1 What is meant by inventory? 2 Name the typical items carried in inventory 3 What are the assumptions for the Economic Order Quantity (EOQ)? 4 What are the c

Show the sales for a product, a) Copy the sales data provided on the VLE in...

a) Copy the sales data provided on the VLE into a separate worksheet within your Garden workbook and call it Sales Database. Sort this data into sales for each month in 2010 and s

Nature of the key organisation, The aims of this assignment are for you to:...

The aims of this assignment are for you to: Develop your understanding of the nature of the key organisation perspectives and their related theories. Demonstrate an understa

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