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

International trade , the assignment question: Which theory of internation...

the assignment question: Which theory of international trade do you consider to be most appropriate to multinational corporations? Make comparisons with other international trade

Explain the elements of the negotiation process, Question 1: Explain br...

Question 1: Explain briefly the seven elements of the negotiation process known as the Seven Pillars of the Negotiational Wisdom which need to be considered before and durin

EU, Provide a historical perspective of the EU by discussing how it started...

Provide a historical perspective of the EU by discussing how it started and where it is today. In addition, research the Christian Democratic Union (CDU) which is a Christian-based

Importance of communication networks in an organization, QUESTION 1 Dis...

QUESTION 1 Discuss the importance of communication networks in an organization like the fisheries. Draw a diagram of one of the network you usually use and discuss its advantag

Business leader''s, Explain the business leader's primary business or busin...

Explain the business leader's primary business or businesses, highlighting how the leader got started and examine the leader's three (3) main business challenges in establishing an

What are the important terms of the 1948s factories act, What are the impor...

What are the important terms of the 1948s factories act? Important Terms of the Act: (1) Factory: A place wherein ten or more persons are working and in which a manufact

General partnership as business structure, Rene's decision In 2004, Rene...

Rene's decision In 2004, Rene opened his shop with only one full-time employee. Since then Rene has added two general partners and greatly expanded the operation. Over the past

.purchasing and supply function, steps in the process of evaluating the pur...

steps in the process of evaluating the purchasing and supply function

What are the objectives of the inventory control, What are the objectives o...

What are the objectives of the Inventory Control? Inventory control is concerned with achieving an optimum balance between two objectives which are:- 1. For minimising inves

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