The costs of production Production Decisions about production require individual agents to make decisions about the allocation and use of physical inputs. · Objectives of agents, technology, availability and quality of inputs determine the nature of these decisions. Since the objectives are often pecuniary, it is often necessary to relate the decisions about the physical units of inputs and outputs to the costs of production. · If the prices of the inputs and the production relationships are known (or understood), it is possible to calculate or estimate all the cost relationships for each level of output. In practice
INTRODUCTION OF SUPPLY CHAIN MANAGEMENT (SCM) A supply chain is a network of facilities and distribution options that performs the functions of procurement of materials, transformation of these materials into intermediate and finished products, and the distribution of these finished products to customers. Supply chains exist in both service and manufacturing organizations, although the complexity of the chain may vary greatly from industry to industry and firm to firm. Supply chain management is typically viewed to lie between fully vertically integrated firms, where the entire material flow is owned by a single firm and those where each channel member operates independently. Therefore coordination between the various players in the chain is key in its effective management
How do we want to achieve our vision, given our current mission`? Steps: 1. Situation appraisal 2. Choice of the best strategy 3. Operationalisation 4. Organisation, budgets and control Internal analysis: strengths and weaknesses External analysis: opportunities and threats, the environment (CCC analysis: consumer, channel, competition). Lecture 3: Finance and accounting Turnover (sales) in numbers = total number of units sold Turnover in money = sales level, average sales price per unit x total number of units sold. VAT (Value Added Tax) 9%. Landed cost: a special case The total of: purchase price, shipment costs, insurance, customs clearance costs. Break even point gives the relationship between costs, turnover and profit/margin. Costs: - fixed costs: these are costs that do not vary with the change in sales. - variable costs
structural competition or "pure competition" The main characteristics of competition: 1. Number of firms 2. Type of product 3. Control over price 4. Conditions of entry 5. Nonprice competition 6. Information flow Pure Competition · Involves very large numbers of sellers and buyers. · Firms producing identical or homogeneous products. · Standardized product (a product identical to that of other producers). (ex. corn or cucumbers). · Free Entry and Exit: no significant legal, technological, financial, or other obstacles prohibiting new firms from selling their output in any competitive market No control over the price: "Price Takers" ( the firms have no market power) . The individual firm has very little to no impact on the market. · Demand is perfectly elastic.
Swichboard model Efficiency model Blockbuster model Profit multiplier model Entrepreneurial model De Facto Industry standard model Business model generation Osterwalderi ärimudel: 4 valdkonda ja 9 bulding blocki 1. How a. Capabilities, Key resources, Partner network 2. What a. offer 3. Who a. Distribution channels, customer relations, customer segments 4. Cost/income ($, ) cost structure, revenue flows Korporatsiooni väärtusahel: Strategic operations issues: Intermittment systems item is normally processed seqentally, but the work and sequence of the process vary Continuous systems work is laid out in lines on which products can be continuously assambled or processed Operating leverage impact of a specific change in sales volume on net operation income
................................................................................. 23 1.3. Banking system.......................................................................................................... 27 1.4. Starting a business in Ukraine ................................................................................... 32 1.5. Market entry strategies .............................................................................................. 33 1.5.1. Direct Sales ........................................................................................................ 33 1.5.2. Agency and Commission arrangements ............................................................. 34 1.5.3. Joint venture with a Ukrainian partner.............................................................. 34 1.5.4. Representative office (commercial and non-commercial) ................................. 34 1.5.5. Ukrainian subsidiary ................
is used to suggest the nature of problems that may exist when firms or agents have market power and are able to distort prices away from the purely competitive optimum. The existence of market power is tied to the demand conditions the firm faces. If their product is (or can be differentiated), consumers may have a preference for one firm's output relative to others. A negatively sloped demand function (less than perfectly elastic) allows the firm to raise its price and not have its sales fall to zero. In pure competition, the firms may all try to influence market demand but individual producers do not advertise their own product. · Many agricultural markets are close to pure competition. · In many cases some producers try to differentiate their products. In pure competition, the firms' outputs are homogeneous. · If the firm has is no opportunity to differentiate their product they have no incentive to
Such a document can be: certificate of ownership of any non-residential premises lease office (production) of non-residential premises (usually with a copy of the certificate of ownership of the lessor's premises); Registration is also possible at the address of permanent residence (residence registration) on the territory of St. Petersburg and the Leningrad region of its head (CEO). The tax authorities have the right to inspect the actual location of the company at the address specified in the statute. In the absence of registration at the company could be fined in the amount of 5,000 rubles ( EUR 120). Most often, the fact of being the company's registered address is checked by banks, customs authorities and leasing companies. However, a recent increase in the address verification by the security services of major Russian companies with state participation. For major tenders
........................................................kohustus 11. A matter-of-fact selling relationship ................asjalik müügi suhe 12. A payment order ..............................................maksekorraldus 13. A previous office experience - ............................eelneva kontoritöö kogemus 14. A Production engineer .....................................tootmisinsener 15. A purchase .......................................................ost 16. A sales call .......................................................visiit ostja juurde 17. A sales force .....................................................müügipersonal 18. A sales-directed communication ......................suhtlemine müügi eesmärgil 19. A slot machine .................................................raha sisse-kaup välja automaat 20. A strong incentive to purchase .........................tugev ostmisajend 21. A trusted advisor ............................
Monopolistic Competition Market Power Firms in monopolistic competition or imperfectly competitive markets are more likely to have limited market power because there are many firms with differentiated products (there are substitutes) and there is relative ease of entry and exit into the market Market Power among Sellers · Monopolistic competition - a market with a large number of sellers and relatively free entry; each firm "differentiates" its product. · Oligopoly - a market characterized by significant barriers to entry and "a few "sellers who recognize their interdependence in the market; products may be homogeneous or differentiated.
1. Plan. 2. Ploy. 3. Pattern. 4. Position. 5. Perspective. As a Plan, strategy needs to be developed in advance and with purpose. As a Ploy, strategy is a means of outsmarting the competition. With strategy as a Pattern, we learn to appreciate that what was successful in the past can lead to success in the future. With Position, strategy is about how the organization relates to its competitive environment, and what it can do to make its products unique in the marketplace. Perspective emphasizes the substantial influence that organizational culture and collective thinking can have on strategic decision making within a company. Understanding and using each element helps you develop a robust, practical and achievable business strategy. *a strategy in a small organization, *learning organization, what is a policy, Õppiv organisatsioon on selline organisatsioon, mis oskab luua, säilitada ja siirdada teadmist ning kohandab
.......................... 2 1.2. Potential future utilization..............................................................................4 1.3. Why Don't We Use More Renewable Energy? ...........................................5 2. Energy Types 2.1. Wind Energy.......................................................................................................6 2.1.1. Annual Generation........................................................................................7 2.1.2. Growth and cost trends................................................................................8 2.1.3. Theoretical potential.....................................................................................9 2.1.4. Benefits of wind energy................................................................................10 2.2. Solar Energy........................................................................................................11 2.2.1 Development, deployment and economics.................
17 4 1. INTRODUCTION The Global Reporting Initiative (GRI) is a long-term, multi-stakeholder, international process whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines. These Guidelines are for voluntary use by organisations for reporting on the economic, environmental, and social dimensions of their activities, products, and services. The aim of the Guidelines is to assist reporting organisations and their stakeholders in articulating and understanding contributions of the reporting organisations to sustainable development. Trends The key trends during the last two years are: Expanding globalization – Expansion of global capital markets and information technology continue to bring unprecedented opportunities for the creation of new wealth.
Italian restaurant in Tallinn. The signature line of innovative, premium, pasta and risotto dishes include pesto with smoked salmon, pancetta and peas linguini in an special sauce, and fresh mussels and clams in a marinara sauce. Toscana also serves distinct salads, desserts, and beverages. Toscana Gourmet will reinvent the Italian food experience for individuals, families, and take out customers with discretionary income by selling high quality, innovative products at a reasonable price, designing tasteful, convenient locations, and providing excellent customer service. The basic market need is to offer individuals, families, and take out customers' fresh, creative, attractive, pasta and risotto dishes, salads and desserts. Toscana uses homemade pasta, fresh vegetables, and premium meats and cheeses. Toscana Gourmet possesses good information about the market and knows a great deal about the needs of our most loyal customers.
GLOSSARY Bankruptcy pankrot Erialasõnastik Benefits in kind keskmine hind Break even point tasuvuslävi A Budget eelarve Account aruanne Accounting equation aruande C võrdsustamine Capital kapital Accounting period aruandeperiood Capital allowances rahalised annetused Accounting policies majanduspoliitika
30 Objective to maximize 31 Revenue $319 618 A B C D E F G H I J K L M N O P 1 Repco production process model 2 We claimed in the drug production model, that we could either 3 Inputs used (along side) to make one unit of product (along top) constrain the units produced to be greater than or equal to 4 Drug A Drug B Drug C 5 Labor hours 1 2 3 the units used by the production or the units sold to be 6 nonnegative. We chose the former. Modify the model to
3. Students 200 220 244 268 294 10% 4. Others 100 110 121 133 146 10% Total 1200 1320 1454 1598 1756 10% Sales Overview Sales by Month About the Sales Forecast Sales projections start in the month of September 2012. Sales will be slow for the first and second month of operation, due to our “first two months student price” promotion. After that point, sales will increase as new members pay for their membership fees. Sales steadily increase along with the awareness of the gym through October.
Fundamentals of Economics. Фундаментальные понятия ökonoomika economics экономика Ceteris paribus „Other –things-equal” assumption, «при прочих равных условиях» „Muude tingimuste samaks Ceteris paribus jäädes” põhimõtted Principles принципы Teaduslik meetod Scientific method Научный метод seos tradeoffs связь piiranalüüs Marginal analysis Предельный анализ kompositsiooniviga Fallacy of composition Композиционные ошибки Positiivne tõus Positive slope Положительный наклон
Private consumption is a central concern of welfare economics. The private investment and trade portions of the economy are ultimately directed (in mainstream economic models) to increases in long-term private consumption. If separated from endogenous private consumption, 2. Government consumption can be treated as exogenous. Different government spending levels can be considered within a meaningful macroeconomic framework. Income Approach This method measures GDP by adding incomes that firms pay households for the factors of production they hire- wages for labor, interest for capital, rent for land and profits for entrepreneurship. The "National Income and Expenditure Accounts" divide incomes into five categories: - Wages, salaries, and supplementary labour income - Corporate profits - Interest and miscellaneous investment income - Farmers' income - Income from non-farm unincorporated businesses
INVESTBULGARIA AGENCY WHO ARE WE InvestBulgaria Agency (IBA) is a Government institution providing information, contacts and project management support to potential investors. IBA services: Macroeconomic data on Bulgaria Data on operational costs Regional information Personalized administrative servicing Legal advice Liaison with central and local governments Liaison with branch chambers and NGOs www.investbg.government.bg GENERAL INFORMATION Official name: Republic of Bulgaria Area: 110 994 sq.m. Population: 7.4 million Capital: Sofia Time zone: EET (UTC+2)
..........................................93 APPENDIX 1: CRUSELL BRIDGE CASE STUDY .........................................................................97 6 CHAPTER 1- INTRODUCTION Over time the Architecture, Engineering, and Construction (AEC) industry has become more complex and demanding. Clients are no longer expecting only to meet schedule, cost and quality objectives but also to guarantee safety, human satisfaction and minimal negative environmental impact (Vanegas, DuBose and Pearce 1996). Traditional construction project delivery methods and models have failed to satisfy the expectations of both contractors and clients. The main problems and their causes are analysed in the second chapter of this thesis. Thus people in the AEC industry, including scholars and
natural resources and specific activities. The procedures of issuing licenses and permits were significantly simplified to the "one-stop shop" and "silence is consent" principles. Customs Reform - From January 1, 2011 the new Tax Code of Georgia took effect which also includes the provisions regulating customs. Tax Code established business friendly customs pro- cedures. Customs Tariffs Reform significantly eased and sharply reduced the costs connected to the foreign trade. Number of import tariffs were abolished on approximetaly 90% of products and only 3 tariff rates (0%, 5%, 12%) exist instead of previous 16. Georgia sets import taxes on only several kinds of agricultural goods and constructing materials. In addition, there are no quantita- tive restrictions (quotas) on imports and exports. 3
and International flows of technology. Irland-s standing high is due, in part, to its rapid integration into the European Union wich greatly expended its International trade and investment flows. Everybody dosnt like globalization. They fear it. Because it causes change and change can cause Hardship. U.S Domestic production consumed at home 82% and Exports 18%. A chapter about the open economy, there I found out whats happening in tuna Fish . It means fresh and good tuna, costs a lot! Mostly becouse of sushi lovers and Japanese market demanding.First tuna will go to Japanese Tokyo and from there goes all around the world.Exports and Imports - an open economy differs from the closed economy because consumers and investors will find it advantageous to import some goods from foreign producers. There are many ohter International payments in addition to those related to exports and imports of goods and services
• The mean average volume is 182 m³ per hectare Energy • There are different ways of getting the energy out of a wood: –Traditional burning –The gasification of wood The calorific values • The calorific values, in terms of 20% of moisture regain: alder – 700 kWh/ton birch – 1500 kWh/ton Wood gas • Wood gas is produced by heating biomass (wood) in a temperature over 700°C without air access or in a method of pyrolysis. Wood gas consists of carbon dioxide, methane and carbon monoxide. The calorific value of wood gas is approximately 1,25 MWh/1000 m³ wood. 34...40 m³ of wood gas can be produced out of a 100 kg of wood Biomass from nature protection area • Ecologically pure • Low cost • Sustainable Biomass from nature protection area – an environmental friendly input for biogas Jaak-Albert Metsoja
Retailers - Jaemüüjad sellers Shop store Pood - place, where you can buy things Outlets - Firma esinduspood a retail outlet Retail chains - Jaeketid - one company but many shops Shopping centres - Ostukeskused - malls Hypermarkets or superstores hüpermarketid vs supermarketid Retail Park - Ärikeskus - there is number of large stores Department store - Kaubamaja - large shop which sell a wide variety of products Assuming Eeldamine expecting Consumer Tarbija person who buys goods for their own use Bargain hunter - Otsima allahindlusi - look for cheap goods High fidelity - Suur usaldusväärsus Flexibility - Paindlikkus Suppliers - Varustaja Sales pitch what salespeople say to convince you to buy s.th. Quirky or unusual, untypical Veider vs ebatavaline Alternative or not traditional Alternatiivne vs ebatraditsiooniline Pushy Edasipürgiv rude in trying to get what you want
Preparing for exam. Focus areas Defining innovation ● “An innovation is an idea, practice, or object that is perceived as new by an individual or other unit of adoption.” (Rogers 1952) ● CIS survey: “Product innovations must be new to your enterprise, but they do not need to be new to your market”. ● “Companies achieve competitive advantage through acts of innovation. They approach innovation in its broadest sense, including both new technologies and new ways of doing things” – (Porter 1990) ● “An innovative business is one which lives and breathes “outside the box”. It is
Balance sheet 2. Deposits inflow. Assets ( ths.) Liabilities ( ths.) Cash 45000 Deposits 40000 Bank Capital 5000 Neither owners nor the depositors would be happy with the situation in so called full-reserve banking or 100-percent-reserve banking. Someone should 5 cover the costs of safe keeping of the money and the owners are certainly also expecting the opportunity cost of their invested capital to be covered. That would certainly lead to the fees to be paid by the depositors instead of getting interest from the bank on their money (lent to the bank!?). Many potential depositors would find the system unsatisfying and would keep their money in "pillows". Currently, there is no country which would practice full-reserve banking. Instead,
emissions. Barriers to DH in the UK, Ireland, France, Romania and the Czech Republic have been compiled through publications and interviews. DH systems require large investments, have negative initial cash flow and long payback time, which obstructs financing. One actor should control DH from source to consumption. If the value chain is fragmented, contracts are required between the links. It increases risks and financing costs, like in the UK and Ireland, where DH is not established. There are few multi- family houses with central heating and it is expensive to build DH networks in built areas. Most French DH systems are operated according to long-term concessions by companies that sell electricity and gas. No strong actor provides unbiased DH support. In the Czech Republic, gas offers DH severe competition. Much DH is produced at the expense of electricity that is
Cat. No. W317-E1-11 SYSMAC CPM1A Programmable Controllers OPERATION MANUAL CPM1A Programmable Controllers Operation Manual Revised October 2007 iv Notice: OMRON products are manufactured for use according to proper procedures by a qualified operator and only for the purposes described in this manual. The following conventions are used to indicate and classify precautions in this manual. Always heed the information provided with them. Failure to heed precautions can result in injury to people or dam- age to property. ! DANGER Indicates an imminently hazardous situation which, if not avoided, will result in death or
How life became a bed of roses The 10 most popular second careers Four years ago Clare Stokes, 34, worked as a pharmacist. Today, she's a florist "I used to be a full-time pharmacist and ran pharmacies for Boots. I enjoyed it but realised I needed something to help me switch off from the day-to-day stresses of the job. So I studied floristry at night school and after three years, I qualified as a florist. It so happened that a florist shop came up for sale in my area and I couldn't resist the idea of running it. So I bought it, took on the existing staff and I haven't looked back. I think a lot of people are creative. Once they find an outlet for it, they find they want to do it all the time. But it's not just the creative side of my new career that I love. I also enjoy the contact with people and the business side. Some days I don't make as much money as others, but generally it's going well. Then there's the complete lack of stress
In the mid-twentieth century there was a remarkable similarity of survey procedures and methods. Most surveys of significance were done by face-toface interviews in most countries in the world. Self-administered paper surveys, usually done by mail, were the only alternative. Yet, by the 1980s the telephone had replaced face-to-face interviews as the dominate survey mode in the United States, and in the next decade telephone surveys became the major data collection method in many countries. Yet other methods were emerging and in the 1990s two additional modes of surveying— 3 the Internet and responding by telephone to prerecorded interview questions, known as Interactive Voice Response or IVR, emerged in some countries. Nevertheless, in some countries the face-to- face interview remained the reliable and predominantly used survey mode.
Ott Speek Subject: English Geodesy Study group: GI-21b PETROLEUM PRESENTATION Petroleum (L. petroleum, from Greek: Πέτρα (rock) + Latin: oleum (oil) is a naturally occurring flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. The name Petroleum covers both naturally occurring unprocessed crude oils and petroleum products that are made up of refined crude oil. A fossil fuel, it is formed when large quantities of dead organisms, usually zooplankton and algae, are buried underneath sedimentary rock and undergo intense heat and pressure. Petroleum is recovered mostly through oil drilling. This comes after the studies of structural geology (at the reservoir scale), sedimentary basin analysis, reservoir characterization (mainly in terms of porosity and permeable structures). It is refined and
BUSINESS PLAN MP CANNED FOOD LIMITED 2018 Business and owner details Business name MP CANNED FOOD LIMITED Owner(s) name MARTIN PÕLD Business address and postcode 12 CARLISLE STREET LEICESTER LE3 6AF Business telephone number +447726779223 Business email address [email protected] Home address and postcode (if different from the above) Executive summary 1.1 Business summary: My business idea is simple: MP CANNED FOOD LIMITED is importing canned food (meat products and ready meals) from Estonia to the United Kingdom. Unique products like "Wild Boar In Its Own Juice", "Elk In Its Own Juice" and "Venison In Its Own Juice" are hard to find in the United Kingdom. We are selling Rannarootsi and Frank Pott brands and sell them online, http://www.mpwildgame.co.uk Future plans are to start trading also in Leicester Market in November/December as a Market Stall, supplying deli shops (including North European and International),
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