1.Explain why it is more difficult to work out the contribution per unit of different pieces of...
Question:
Using the example of someone considering investing in further fixed costs in their sole trader business to improve future profitability, explain the concept of contribution analysis for a whatif situation. Your example should show, using the amended breakeven formula, how planned changes in fixed costs can improve decisionmaking in terms of planned profit.
Briefly discuss the essential differences for a business between shortterm, daytoday decisions, and longterm, yeartoyear ones. Your answer should include an example of each type of decision relating to an organisation with which you are familiar.
Explain the essential differences for a business between action and results controls. Discuss with reasons, which of these two controls would be most relevant for a particular organisational task for an organisation with which you are familiar.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr