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

Gpss simulation model , The sales counter next to the soft toy display in S...

The sales counter next to the soft toy display in Shambles receives a customer every 2-4 minutes.  Most of these customers (80%) are buying toys and are dealt with by the cashier i

Furniture making firm could use is and it, Describe the ways in which a fur...

Describe the ways in which a furniture making firm could use IS and IT to transform its manufacturing operations. Computer aided design (CAD) CAD can improve designs and s

Describe the levels and stages of decision making, QUESTION (a) Describ...

QUESTION (a) Describe the levels and stages of decision making (b) What is the difference between a structured, unstructured and semi structured decisions? (c) List the t

Corporate advertising, Corporate Adver tising: A sub functions...

Corporate Adver tising: A sub functions of company communication that different from product publicity or marketing communication. Instead of trying to sell an organiz

How is line and staff functions affected in organisation, How is the line a...

How is the line and staff functions affected in the organisation? Line and Staff functions: every activities of an organization can be categorised in Supporting and Prima

Functions of management, various function of management that constitute pro...

various function of management that constitute process of management

Organizational behaviour, using as exsiting company write on how organizati...

using as exsiting company write on how organizational behaviour can play a major role in the company''s organizational development enhancing organizational performence as well as i

Office administration, 1.how to draw a stock control card and discuss the c...

1.how to draw a stock control card and discuss the completion process . 2.Discuss the layout of the work space, to prevent accidents and injuries. 3.Explain the difference in level

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