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

Explain behavioural segmentation, QUESTION a) Elaborate on three advant...

QUESTION a) Elaborate on three advantages and three disadvantages of online survey. b) One to one marketing is a type of relationship marketing. Explain what is meant by thi

Why people resist organizational change, Question : Reynolds (2004) sug...

Question : Reynolds (2004) suggested that to create a learning culture that acts as a growth medium it is necessary to develop organizational practices that raise commitment am

The major characteristics of physical development, QUESTION Based on wh...

QUESTION Based on what was discussed during your lectures on how children learn, answer the following questions. (a) Explain 4 strategies that you would use to enhance the l

Future wage rate, A human resources department must know if the wage rate i...

A human resources department must know if the wage rate is stable, will increase or decrease. If equilibrium exists, wages are stable, if excess demand exists; wages will increase

Tqm in design, A broad definition of quality by design is a team of spe...

A broad definition of quality by design is a team of specialists who simultaneously design and develop a product to ensure ease of reducibility and customer satisfaction. Figu

Define worker stress, Question 1: a) Define conflict and explain how i...

Question 1: a) Define conflict and explain how it can arise in an organization b) Describe the levels at which conflict can occur c) Describe fully two sources of inte

Ethics and Governance, Is leadership essential to the development of ethica...

Is leadership essential to the development of ethical decision making in modern organisations?

Thought it was safer than starting his own business, is fred ill suited to ...

is fred ill suited to be a franchisee or perhaps dis he just not understand what he was getting into at the contact signing

Define the conceptual skills of a successful manager, Define the conceptual...

Define the conceptual skills of a successful manager. Conceptual skill: Conceptual skill is the capability to see the organization as an entire, to recognize inter-relati

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

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