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

Quantitave Analysis for management, Bakery produces muffins and doughnuts. ...

Bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the

Explain the step in developing a global outsourcing strategy, List and expl...

List and explain the seven steps in developing a global outsourcing strategy. Seven steps in developing a global outsourcing strategy - Segment the marketplace, Project change

Competitive strategies for information system, Q. Competitive strategies fo...

Q. Competitive strategies for Information system? Business is capable to develop competitive strategies to counter the action of the competitive forces they confront the market

Marketing, micro and macro environment assignment example

micro and macro environment assignment example

Marketing Planning, How organizations like Pepsi response to ethical issues...

How organizations like Pepsi response to ethical issues?

Wordings of dale yoder about performance appraisal, Illustrate the wordings...

Illustrate the wordings of Dale Yoder about performance appraisal? According to Dale Yoder about performance appraisal : The performance appraisal is like “all formal pro

GE matrix, What are the characteristics of each component of the GE matrix...

What are the characteristics of each component of the GE matrix?

Definition of entrepreneur by harbison and peter f. drucker, Describe the d...

Describe the definition of entrepreneur according to Harbison and Peter F. Drucker. According to Harbison : "An entrepreneur, it is not an innovation but a business builder

What are the job affecting factors of the morale, What are the job affectin...

What are the job affecting factors of the Morale? Job affecting factors of morale: a. Nature of job, b. Boredom and Fatigue related along with the job, c. Employees

Explain the various types of leadership, Question 1 (a) Explain on the...

Question 1 (a) Explain on the process of communication, laying emphasis on the various elements that characterise the communication process. (b) What are the different

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