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Author: Frederick St. Leger Daly
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
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Book Description
Author: Frederick St. Leger Daly
Publisher:
ISBN:
Category :
Languages : en
Pages : 49
Get Book Here
Book Description
Author: Kalyan T. Talluri
Publisher: Springer Science & Business Media
ISBN: 0387273913
Category : Business & Economics
Languages : en
Pages : 731
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Book Description
Revenue management (RM) has emerged as one of the most important new business practices in recent times. This book is the first comprehensive reference book to be published in the field of RM. It unifies the field, drawing from industry sources as well as relevant research from disparate disciplines, as well as documenting industry practices and implementation details. Successful hardcover version published in April 2004.
Author: Joshua Ronen
Publisher: Springer Science & Business Media
ISBN: 0387257713
Category : Business & Economics
Languages : en
Pages : 587
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Book Description
This book is a study of earnings management, aimed at scholars and professionals in accounting, finance, economics, and law. The authors address research questions including: Why are earnings so important that firms feel compelled to manipulate them? What set of circumstances will induce earnings management? How will the interaction among management, boards of directors, investors, employees, suppliers, customers and regulators affect earnings management? How to design empirical research addressing earnings management? What are the limitations and strengths of current empirical models?
Author: Onyeanusi Uchenna Joachim
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
PROFIT MAXIMIZATION A Business Secrete What is meant by profit maximization? Profit maximization is an economic principle that seeks to maximize the net profit of a business, allowing it to operate at the highest efficiency and with the lowest cost possible. The key word is "profit." Profit maximization may not always mean increasing sales or decreasing costs, but finding ways for a company to be more efficient and profitable. What is profit maximization with example? The following is an example of a travel company attempting to achieve profit maximization. The travel company has to maximize profits so that they can provide the best holiday experience for their customers. One way to do this is by ensuring that they know, in advance, the number of people who will be travelling with them at any given time. This means that they must select the right amount of hotels and restaurants for those numbers. In order to determine these numbers, they must make sure that the hotels are either booked out or close enough to capacity. They need more restaurants open than they initially think as well so sales levels can be maximized during peak hours and less expensive meals can be offered when there are fewer guests eating out during off-peak times. **How do you calculate profit maximization? The formula needed to calculate profit maximization is: Marginal Cost = Marginal Revenue The formula needed to calculate the marginal revenue: Marginal Revenue = Change in revenue / Change in quantity The formula needed to calculate the marginal cost is: Marginal Cost = Change in cost / Change in quantity Profit maximization is the act of achieving the highest revenue or profit. The sales level where profits are highest is at the strategic level. It is typically used as a benchmark for the best situation and for planning purposes. Profit maximization is simply, using a product in order to generate a desired profit or return on investment. Profit maximization can be achieved in a variety of ways, but usually requires a high level of specialization and knowledge because minimizing costs and maximizing revenues are two key concepts that must be addressed for this to occur. The most common benchmark for profit maximization is called breakeven point, which means that if a company can increase sales above this point, then they will not just maximize profits but also create an opportunity to grow in the future. **Profit Maximization Theory The profit maximization theory is the principle that every firm should operate in order to make a profit. Profitable companies can achieve this by selling more by charging higher prices for their goods or services and reducing production costs. They have the opportunity to do so because they have better access to more resources that other companies may not have. There are many cases where the profit maximization theory has been put into practice successfully in the workforce and has resulted in people's wages being increased. In economics, the profit maximization theory asserts that a firm will select the course of action that results in the maximum profits. Profitability is a measure of a company's ability to generate maximum revenue while incurring minimal costs. In the most basic sense, profit goes up as sales increase and/or costs decrease. In reality, though, achieving profitability is anything but simple. Because sales and costs are not necessarily incremental, focusing too much on increasing sales could leave you at risk if there is a sudden, unforeseen decrease in demand. And cutting costs by subbing in lower-quality materials could lose you customers. For this article, we'll focus specifically on two topics: What does it mean, exactly, to maximize profit? And how can we also increase resilience and customer satisfaction?
Author: Abbas Ali
Publisher: Psychology Press
ISBN: 0789004127
Category : International business enterprises
Languages : en
Pages : 356
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Book Description
Globalization of Business: Practice and Theory will give executives and business students a current, in-depth look at becoming globally competitive in today's complex market. This essential guide offers you insight into issues every global businessperson needs to understand, such as the practice and theory of globalization, globalization dimensions and discourse, the nature of the global business environment, the roles of global corporations, strategic approaches, and global leadership. By identifying competitive and innovative practices, networks, and alliances, this text will help executives or beginners be a successful leader in the global business community. Offering new perspectives and approaches, this vital book contains new and updated information to help you and your company play a profitable and integral part in the international marketplace. To view an excerpt online, find the book in our QuickSearch catalog at www.HaworthPress.com.
Author: Ian Worthington
Publisher: Pearson Education
ISBN: 9780273685609
Category : Business & Economics
Languages : en
Pages : 560
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Book Description
"Economics for Business is suitable for undergraduate students studying business economics as part of a business degree. The book will also be appropriate for DMS students and MBA modules in economics."--BOOK JACKET.
Author: Tim Mazzarol
Publisher: Springer Nature
ISBN: 9811395098
Category : Business & Economics
Languages : en
Pages : 597
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Book Description
This textbook familiarises students with the theory and practice of small business management and challenges assumptions that may be held about the way small business management can or should adopt the management practices of larger firms. For students interested in establishing and managing their own small firm, this book helps them to focus their thinking on the realities of life as a small business owner-manager – both its challenges and its rewards. For postgraduate students that are keen to ‘make a difference’, this text enables them to understand how they might consult to small firms and assist owner-managers to establish and grow their ventures. In addition to students, this book is also useful to small business owner-managers as a general guide on how they might better manage their operations. Managers in large corporations and financial institutions who deal with small businesses as clients or suppliers, and professionals such as accountants, lawyers and consultants who provide advice and other services to small businesses will also find the book of interest.
Author: Robert Kemp
Publisher: Cognella Academic Publishing
ISBN: 9781516510726
Category : Business & Economics
Languages : en
Pages : 526
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Book Description
Bright, eager business students deserve a rigorous, exciting introduction to the fundamentals of business. How Business Works: Making Profits, Taking Risks, and Creating Value in a Global Economy is a dynamic introduction to business textbook that takes a holistic, comprehensive, real-world approach, incorporating both theory and practice. The global business challenges facing today's students are more complex than ever before. How Business Works prepares students to meet these challenges head-on, and become successful learners and leaders. The book offers a fresh, timely perspective on the way business is taught by organizing concepts around the unifying framework of value. A serious textbook for serious business students, this text addresses the quantitative and technical topics often glossed over in competing books, such as risk versus return, foreign exchange, and the time value of money. Written in a conversational, easy-to-read style, How Business Works is more than an outstanding textbook--it provides transformational learning and teaching experiences. Robert Kemp, DBA, CPA is the Ramon W. Breeden, Sr. Research Professor at the McIntire School of Commerce, University of Virginia. During his 30 years at the school, he has taught numerous undergraduate and graduate courses, as well as executives around the world. His scholarly works include over 70 completed projects, including books, monographs, articles, cases, and working papers. He has worked with and taught for organizations such as Navigant, Bank of America, Wellington Management, Ernst & Young, the Russian Bankers Association, and other prestigious organizations. He is a Certified Public Accountant and possesses a baccalaureate, masters, and doctorate in business administration. Adam Kemp, CPA has worked over 15 years in the fields of accounting and taxation in the private and public sectors. His experience covers state, local, federal, and international taxation of corporations, flow-through entities, and non-profits. Mr. Kemp has worked with some of the largest organizations in the United States, including Sallie Mae, MCI, and the PCAOB. He has drafted guidance and provided instruction on various topics, such as nexus standards, alternative tax systems, and deductible versus capital expenditures. Mr. Kemp is a Certified Public Accountant and holds a bachelor's of science in accounting from the University of Virginia and master of professional accounting in taxation from the University of Texas at Austin. Kelley Kemp, JD, Esq. is a practicing attorney in central Virginia, assisting clients in criminal and civil matters. She also serves as an adjunct instructor at various colleges, teaching courses on a variety of legal topics. Prior to becoming an attorney, Ms. Kemp worked in the field of securities regulation at FINRA (formerly NASD). Ms. Kemp received her bachelor's degree from the University of Virginia and attended law school at the Washington College of Law at American University.
Author: Katy Barnett
Publisher:
ISBN: 9781472561176
Category : Breach of contract
Languages : en
Pages : 257
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Book Description
This book defends the view that an award of an account of profits (or 'disgorgement damages') for breach of contract will sometimes be justifiable, and fits within the orthodox principles and cases in contract law, and examines the circumstances in which such an award should be made.
Author: Z. Christopher Mercer
Publisher: John Wiley & Sons
ISBN: 0470178663
Category : Business & Economics
Languages : en
Pages : 291
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Book Description
Praise for Business Valuation: An Integrated Theory, 2nd Edition "The Second Edition of Business Valuation: An Integrated Theory manages to present the theoretical analysis of valuation from the first edition and expand on that discussion by providing additional guidance on implementing the relevant valuation theories, notably in its expanded discussion of the Quantitative Marketability Discount Model." —Dr. David Tabak, NERA Economic Consulting Your Essential Valuations Reference Whether you are an accountant, auditor, financial planner, or attorney, Business Valuation: An Integrated Theory, 2nd Edition enables you to understand and correctly apply fundamental valuation concepts. Thoroughly revised and expanded, the Second Edition demystifies modern valuation theory, bringing together various valuation concepts to reveal a comprehensive picture of business valuation. With the implementation of new accounting pronouncements mandating the recognition of numerous assets and liabilities at fair value, it has become critical for CPAs charged with auditing financial statements to understand valuation concepts. With thoughtful and balanced treatment of both theory and application, this essential guide reveals: The "GRAPES of Value"-Growth, Risk and Reward, Alternative Investments, Present Value, Expectations, and Sanity The relationship between the Gordon Model and the discounted cash flow model of valuation The basis for commonly applied, but commonly misunderstood valuation premiums and discounts A practical perspective on the analysis of potential business acquisitions Grounded in the real world of market participants, Business Valuation, 2nd Edition addresses your need to understand business valuation, providing a means of articulating valuation concepts to help you negotiate value-enhancing transactions. If you want to get back to valuation basics, this useful reference will become your guide to defining the various levels of value and developing a better understanding of business appraisal reports.
