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

Describe the difficulties that you may encounter, Probelm 1: Show the o...

Probelm 1: Show the official roles of the chairperson, the secretary and members before, during and after formal meetings. Probelm 2: Consider that you are the team lea

Prepare a business report with statistics of a company, You are a business ...

You are a business analyst working for a company called Combined XYZ Pty Ltd. You have been asked to prepare a business report with statistics in it for the managing director. He w

Elaborate on the non-verbal communication, QUESTION (a) Determine the t...

QUESTION (a) Determine the ten factors that lead to a successful individual counselling between the counsellor and the client. Answer with examples and one case study. (b) E

LAW, What are the reasonable limits on loyalty to one''s employer?

What are the reasonable limits on loyalty to one''s employer?

Advrtising, What is the role of advertising in an integrated promotional st...

What is the role of advertising in an integrated promotional strategy for Dell inc..

Function of maintenance, The important functions of maintenance can be ...

The important functions of maintenance can be stated as follows: 1. To develop maintenance policies procedures and standards for the organization. 2. To schedule planne

Difficulties that you might encounter while communicating, QUESTION You...

QUESTION You have been appointed as a Team Leader for a mission in a foreign country. In this context, (a) Explain the difficulties that you might encounter while communicat

Levels of the organisation, QUESTION You are required to advise the man...

QUESTION You are required to advise the management of UTM Ltd about the different types of information systems that it might require at the various levels of the organisation.

Different delivery styles , Explain the different delivery styles that spea...

Explain the different delivery styles that speakers can select for their presentation

Estimate the benefits the internet offers, QUESTION (a) (i) Describ...

QUESTION (a) (i) Describe how the internet works and identify any five of its major services. (ii) Estimate the benefits the Internet offers. (b) List four devices pr

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