How Business Is A Business

Under an ABC system, the allocation of costs to products is achieved through at least four analytical steps. Firstly, costs are grouped into activity levels. Secondly, cost drivers are

Activity-based costing (ABC) methodology is an instrument designed to provide accountants and managers with valuable costing information that will allow them to make sound strategic decisions. It is used as a secondary methodology rather than a replacement for the company’s primarily costing system. The ABC methodology identifies activities in an organization and for each activity it assigns a cost. The cost reflects the actual resource consumption by each activity that has been identified.

In using ABC overhead costs are distributed differently across the three products, but in total they are the same, in total. However, ABC changes the information that managers receive to make effective business decisions, which will ultimately result in improved business results.

The ABC method means that all the individual activities part of a process can be accurately cost. This is what Super Bakery needs to set the value of the company based on the activities of individual assets (management, staff, manufacturing and warehouse). The activity- based cost system allows the company to identify where high (and low) costs are being incurred and the cause. How can a company survive with a 20% growth rate in twenty year duration? The desire to change was required and ABC is the best cost system for Super Bakery. The ABC method helps with future product planning and the cost of all activities associated with a product or service can be accurately determined before it is launched. This can help with determining pricing, and any associated expenditures of the company.

HP in 1994 decided not to integrate the ABC in the Cost Accounting Information System (abbreviated CAIS) for a number of reasons. The first reason is that at that time the CAIS was implemented in all HP business units worldwide. This system was considered very complex and difficult to change. Because ABC was only used in one business unit it was thought to be insensible to change the whole system. The second reason is connected to the codification of the operations in the CAIS. If the ABC would be integrated this system would have to be reorganized and all the employees would have to learn to operate the new

What does business mean to me? Another way of saying commerce? A term that describes production, purchasing or selling? In my point of view, business is a fabulous world where to consult financial situations, expressing the passion in interacting commercial cases. Because I enjoy the beauty of this business world, there is no doubt in my mind that I want to take global business and advertising, marketing, and consumer culture at your summer school.

I would use television to advertise because it has the most reach and I could actually show my kit, tell how it works, include testimonials, and offer the link to my website. Even though it is expensive, it would be the best way to gain recognition for my product, and also give people the option of going on my website.

• Purchase these items in the one location - if possible – to ensure discounts.

The three careers I chose were Fashion Writer, Information Security Analyst, and Software developer. A fashion writer is a writer who specializes in the area of fashion. For example, fashion magazines, online magazines, blogs, and advertisements. An Information Security Analyst is a protector of information systems. They focus on shielding company’s computer systems from cyberattacks and things of that nature. A software developer develops applications or develops the underlying systems needed to run devices that control networks. Based on the criteria given salary and passion are the most important factors for me when it comes to a career. However, passion is a slightly more important because as long as you love what you are doing, you will find happiness no. Which is why salary is rated 30 percent, while passion is rated 35 percent. Location is the next vital aspect, because depending on your location your salary can differ, which is why location is weighted 20 percent. How many hours you work a week is another career determining aspect. However, it is not the most important which is why I gave a score of 10 percent. Environment is the least important to be because if I have passion where I am working does not matter. Also, my choice of careers will automatically reflect on my working environment. This is why I rated environment five percent.

Maslow’s theory relates motivation to a hierarchy of needs. At the bottom are essential physiological needs such as air, food, shelter and clothing. As individuals satisfy one level of need, their motivations

Since costs (Fixed and Variable) affect the profitability of the business directly, the managers can easily see these changes through break-even analysis. This would help them control costs, and make sure that they remain within a given range.

ABC applies overhead on the basis of activities and cost drivers associated with each activity. The ABC system allows for more accurate allocation of overhead costs and leads to better pricing decisions. Although ABC is not a new concept, computerized systems make an ABC system much easier to implement and manage. (Bagranoff, et. al., 2006)

The difficulty lies in translating the theory into action. Many companies were not ready to give up their traditional cost-control mechanisms in favour of ABC. The common factors affecting the adoption of an ABC system can be categorised into contingency factors and technical factors.

Same sex households are now acceptable in human society. There were fewer controversies on it compared to the issues years ago. The modernity of the world and the development of the technology might have brought effect on it. According to a census report from America, the percentage of same – sex households are scattered at New York, San Francisco and Los Angeles whereas the highest fraction goes to Asian-Asian partners and Asian-Black partners ranked the lowest.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.