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

What are the important provisions for employee health, What are the importa...

What are the important provisions for employee health? Important provisions of Factory Act, 1948 about health: The given are the significant provisions for employee

Differences, Difference between selling concept & marketing conceptt

Difference between selling concept & marketing conceptt

Macville, macville current information technology capability

macville current information technology capability

How does organisational culture develop, Question 1: (a) How does organ...

Question 1: (a) How does organisational culture develop? (b) What are the functions of an organisational culture? (c) What are its drawbacks? Question 2: (a) What are t

european union , a)  Talk about the significance of international trade to...

a)  Talk about the significance of international trade to UK business organisations b)  Examine the impact of global factors on UK business organisations c)  Detail the impac

What are the functions of lower management, What are the functions of lower...

What are the functions of lower management? Lower Management: This includes Foremen, Office superintendent, Supervision or charge-hands and Inspectors and many more. L

Explain abraham maslows hierarchy of needs theory, Question 1: (a) What...

Question 1: (a) What do you understand by the term ‘Job Satisfaction'? (b) What are the factors that influence job satisfaction in an organization? (c)How does an organis

Communism, importance of communism?,,to a business?

importance of communism?,,to a business?

BSBMGT616A, ? Develop a separate summary statement for each potential ally ...

? Develop a separate summary statement for each potential ally for a co-operative venture that describes their alignment with MacVille’s vision, mission, values and attributes, as

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

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