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

Productions and manufacturing budget based factors, Which factors are the p...

Which factors are the productions and manufacturing budget based? The productions and manufacturing budget based is based onto: 1. Sales budget, 2. Factory capacity (Prod

Feedback mechanism, The last step under planned maintenance procedure...

The last step under planned maintenance procedure is the application of corrective and control actions as and when required on the basis of feedback information. These

Business ethics, what is utilitarianism and what are its benefit in busines...

what is utilitarianism and what are its benefit in business

Intellectual laws, 5. What is your opinion of intellectual property rights?...

5. What is your opinion of intellectual property rights? Do you think people should have rights to intellectual property and, therefore, be protected by law? Why or why not? For

Elaborate - we communicate primarily with words, QUESTION At the Season...

QUESTION At the Seasons Inn . . . Bala is waiting in her supervisor's office. She has come to talk with Manoj about a problem concerning next week's staff schedule. Just aft

Lock-in, Lock-in, as explain by Hax and Wilde, is achieved when?           ...

Lock-in, as explain by Hax and Wilde, is achieved when?                Ans) An company achieves a proprietary position in its business.

Create a business plan, - This is a project in which you have to create a b...

- This is a project in which you have to create a business plan. The aim for the creation and development of a business plan is to ensure that all critical parts of a new company o

E-strategy, Estimate the Contribution of an E-Strategy to the Achievement o...

Estimate the Contribution of an E-Strategy to the Achievement of an Organisation''s Objectives

Explain the difference between countries with high context, QUESTION (...

QUESTION (a) Explain the difference between countries with high context and low context cultures. Also describe what managers operating in international environments need to p

How does scm help a company in gaining competitive advantage, QUESTION ...

QUESTION (a) After seeing the results obtained from table above, Ah Kong decides to implement an ERP system. List down two advantages and two disadvantages of implementing such

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