The concept of opportunity cost reflects that when an asset is used, that asset cannot be used for something else. So if she chooses to buy a new car, the resources used to make that purchase cannot be utilized anywhere else. This is particularly important when resources are scarce. In her case, she needs to think about what the decision is. Is the choice between a new car and a used one? Is it a choice between living in an outer suburb with lower rent and a new car, or a hip inner city neighborhood with higher rent and no new car? A new car usually represents some sort of trade-off, and Stella needs to think about what those trade-offs are before committing to this purchase.
The table of total costs is as follows:
This shows that the method with the lowest total cost is method #2.
From an organizational architecture point-of-view, the problems at Enron were created by a couple of factors. One was that there were few checks and balances on senior executive behavior -- from a structural point-of-view they had free reign, and they should not have. Another issue was with the organizational culture, which encouraged a very high level of competition, where only profits and winning were rewarded, and there were no meaningful punishments...
For utility companies, executives should not make output and pricing decisions based on short-run fixed costs. There are a couple of reasons for this. One, there is a high cost to the infrastructure that utilities use -- I'm not sure these costs are short-run. But let's say that they are. There are high costs associated with exiting the business. These high exit costs mean that even if the company has to lose money in the short-run, the long-run strategy says that it is cheaper to lose a little money in the short run, because the cost of exiting and re-entering the business is greater than the losses that these companies will incur. As long as the company is covering its variable costs, it should remain in business. Thus it is the variable costs that should dictate output and pricing decisions, not short-run fixed costs (BIS, 2015).
5. A firm that is in an oligopoly market is Microsoft, with Windows. This product is one of only two or maybe three operating systems that people use for personal computers. Windows has a market share over 90%…
Dunkin Donuts Internship When most people think of Dunkin Donuts, they will often associate it with the many franchises and the quality of the products they provide. This has helped the firm to become very popular and to reach out to new segments of customers in an ever changing marketplace. One of the reasons why they have been so successful is from their ability to understand the needs of cliental. (Boone,
Opportunities Opportunity: Dunkin' Donuts can keep customers by responding to consumers' health concerns. The company ahs already moved towards a trans-fat-free frying oil for their donuts (Ordonez, 2007). Since they have begun offering breakfast sandwiches, more health-conscious offerings would allow to company to transcend their image as having only fat-laden breakfast offerings. Dunkin' Donuts has a definite opportunity in the market for healthier breakfast foods and drinks. Opportunity: Dunkin' Donuts' coffee are
It seems as if they are branching out to become almost a fast-food location, rather than just a coffee and donuts location, and that makes me wonder about the quality of all these new food items. The video shows a company that is concerned, even obsessed with quality. The Web site shows a company that is concerned with quality, but that is attempting to broaden its customer base by including
Dunkin Donuts An Overview of Dunkin' Donuts There are few names that are as recognizable to morning commuters as Dunkin' Donuts. The nationwide fast-food style purveyor of fried donut pastries, coffees, bagels and a limited assortment of other breakfast and snack items is a household name that has achieved a rarified level of cultural and economic success in the United States. However, like any company, Dunkin' Donuts is not impervious to the
Introduction Being a regional director for a major restaurant chain like Dunkin Donuts presents unique challenges and opportunities. Factors like job design, organizational design, recruiting and selection, and training and performance appraisals will reflect the demographics of the target market, and the unique geographic features of the region. Moreover, choices in organizational design and human resources will reflect the organizational strategies and climate of the parent culture. There are ways that
Dunkin' Donuts: A vision for the future in the Midwest region Dunkin' Donuts has experienced stratospheric growth in recent years. To capitalize upon its success in the Midwest region in the five new locations opening up over the course of the next two years requires playing to the organization's strengths in terms of the quality and efficiency of service it offers at a relatively low price. Recruiting top talent, even at entry