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

Organizational approaches toward managing stress, Question 1: (A) Indu...

Question 1: (A) Industrial psychology is the area of psychology dealing with job analysis, defining and measuring job performance, performance appraisal, tests, employment int

Breakdown maintenance, As the name suggest corrective maintenance occurs...

As the name suggest corrective maintenance occurs when there is a work stoppage because of machine breakdown. In this sense maintenance becomes repair work. Repairs are

Intellectual laws, 5. What is your opinion of intellectual property rights?...

5. What is your opinion of intellectual property rights? Do you think people should have rights to intellectual property and, therefore, be protected by law? Why or why not? For

MTMG320 Business Information Systems, Hi I am Nelson Daniels I am checking ...

Hi I am Nelson Daniels I am checking up on my Ticket ID EM13830601 I see my payment has been authorized I need help on my 5.5 - Research Exercise: Microsoft Dynamics Research Rep

Sources of change in the modern business environment, Section - Introductio...

Section - Introduction An introduction to either   An industry or   A profession or   A particular business or   A iwi/hapu group Give an introduction t

What are the important provisions for employee safety, What are the importa...

What are the important provisions for employee Safety? Safety: The provisions regarding safety are as illustrated here: a. Fencing and Encasing of machinery b. Work ont

Strategic operations, Integrate operations management analysis into general...

Integrate operations management analysis into general business management planning and decision making

Which media you will use to communicate to stakeholders, QUESTION Your ...

QUESTION Your company is going through an economic crisis due to the worldwide recession. The losses have exceeded Rs 45,000,000 and staff will neither be paid any performance

Identify the best organizational structure, Identify the best organizationa...

Identify the best organizational structure: Q. Southern Industrials Ltd. wants to develop a competency-based approach to executive selection. Which leadership perspective main

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