Institutional cost and its implications for educational development (M.phil Education (2014-16)) INTRODUCTION Before discussing the concept of cost of education, it is necessary to distinguish between the terms, ‘expenditure’ on education and ‘costs’ of education which are often synonymously used. That part of expenditure which has some relationship with the production process and the output only can be referred to as costs. A major part of costs are a part of expenditure but not vice
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Business Studies (Unit 3) | Corporate Objectives It is important that these goals are communicated across all levels of the organisation so that everyone is aware of what the business is trying to achieve. Common Corporate Objectives include… * Maximise Profit * Survival * Growth Once Corporate Objectives have been set, each functional area of a business will then set their own targets which reflect the overall Corporate Objectives of the business. Functional Objectives These
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price rises. Both of the terms are technically used in stating the law of demand. Question 3. :-Opportunity cost / alternative cost? Answer:-It is measure in terms of the forgone benefits from the next best alternatives use of a given resources in simple words scarifies or loss of alternative use of a given resource is turn as an opportunity cost. The alternative or opportunity cost of one unit of product A is the amount of product B that has been sacrificed by allocating the resources to produce
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purchasers and American must sell. I would be more willing to purchase the plant given that demand for sodium chlorate is expected to continue increasing. On the other hand, power costs which account for the majority of manufacturing costs were rising making it more expensive to produce. 2) Which firms are relevant for obtaining an asset beta for the Collinsville investment? Using the betas, determine the appropriate discount rate for the investment. Evaluate the investment. We are interested
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is Transportation Problem, where the objective is to minimize the cost of distributing a product from a number of sources (e.g. factories) to a number of destinations (e.g. warehouses) while satisfying both the supply limits and the demand requirement. Because of the special structure of the Transportation Problem the Simplex Method of solving is unsuitable for the Transportation Problem. The model assumes that the distributing cost on a given rout is directly proportional to the number of units distributed
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lower cost per click (CPC) to advertisers than Overture (its main competitor), drawing more business. The combination of Page Rank, the lower CPC, and the two-sided externality was sufficient to launch the business. Then, Google developed two innovations that grew its advertiser base. First, it created a pricing model that adjusted the CPC by the predicted productivity of the ad based on its click-through-rate (CTR). More productive ads (whose actual to predicted CTRs were higher) cost the advertiser
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determine the cost of a product related to the revenue it generates. The two common costing systems used in business are traditional costing and activity-based costing. Traditional costing assigns manufacturing overhead based on the volume of a cost driver, such as the amount of direct labor hours needed to produce an item. A cost driver is a factor that causes cost to incur, such as machine hours, direct labor hours and direct material hours. Activity-based costing allocates the costs of manufacturing
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Executive Summary De Havilland (Havilland) is Canadian aircraft manufacturer that was recently acquired by Boeing. The parent company has requested Havilland take on several initiatives including seeking 25% price reductions from suppliers, reducing the total number of suppliers and seeking more long-term fixed pricing agreements. Havilland recently received submissions for an RFQ for the supply of supply flap shrouds and equipment bay doors. The pricing received raises some concerns however,
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Executive Summary De Havilland (Havilland) is Canadian aircraft manufacturer that was recently acquired by Boeing. The parent company has requested Havilland take on several initiatives including seeking 25% price reductions from suppliers, reducing the total number of suppliers and seeking more long-term fixed pricing agreements. Havilland recently received submissions for an RFQ for the supply of supply flap shrouds and equipment bay doors. The pricing received raises some concerns however,
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freight and passenger road transport is the operating cost per tonne or tonne-km (or per passenger or passenger-km). Level of service aspects such as travel time, reliability, safety, comfort and security are also important, as well as environmental impacts. Trucks: In countries where large-scale intercity trucking operates efficiently in medium-income countries with predominantly flat terrain, recent experience is that the transport cost per km for a truck-trailer is between US$0.75 and US$
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