Discuss the growth, development, future trends and ecological sustainability of Sydney. Sydney is the most populated city in Australia, home to 4.8 million people (2013), about one/fifth of the nation. It is the capital city of New South Whales, located on Australia’s east coast, 33°S, 151°E. It is one of the most diverse and multicultural cities in the world with approximately 40% being born overseas. The city is constantly transforming due to its growth, development, future trends and ecological sustainability.
Traditional allocations with one resources to spread overhead often charges products an "average rate" and so fussy and difficult products get a break (charged less than they consume or "under costed") and easy low-hassle products look worse than they are (charged more then they consumer or "over costed"). Companies that benefit from ABC are those that have significant levels of variable overhead and those with products that use disproportionate share of overhead resources. Companies with small overhead or products that all use overhead in about the same proportion would get about the same overhead allocation under traditional and ABC methods. Since ABC methods are more work (so more expensive), if there isn't a benefit, it is better to stick to a simpler and cheaper method. Krishnan (2006) implemented ABC at a university (actual university was kept anonymous in the study) to help them understand their costs and cost drivers in order to better understand why their operation costs were so high.
1. ABC Passenger Service Airlines has determined the breakeven point, both in dollars and passengers, necessary to breakeven. Explain how an increase or decrease of passengers from the breakeven point would affect the profit or loss of the firm. As long as the fixed costs for the airline are truly fixed and not step fixed, the contribution margin of increased passengers should increase profits. Conversely, any reduction of in the number of passengers from the breakeven point will result in a loss for the firm.
The Great Olympic Economy The Olympics help to boost the economy by adding massive amounts of revenue for an entire country where they are held. It employs several thousands of people for the duration of the events. It adds major revenue sources in the form of ticket sales, tourism sales and advertising revenue from various activities that are done by businesses in and out of the host city. Aid is also given to a country for rebuilding of their infrastructure in order to host the games. The planning and work required to host the event takes significant time and effort.
Time is classified into short and long period market. Competition is classified into perfect and imperfect competition. In a perfect competition, firms are small and produce practically the same products so there is no consumer preference. No firm is large enough to have control over prices, and new competitors can come and go as they please. It also requires a large number of buyers and sellers, identical goods, and perfect information is possessed by both parties about the selling and buying opportunities available.
“We envision using these initial years to gain the experience and teamwork necessary for establishing the best caregiver/resident proportion”. Will projects or projected services/directions impact on the business? The proportion of the population aged over 65 will increase from 12 percent in 2001, to approximately 18 percent in 2021. The Manager confirmed that the main workload driver for the organization would be the estimated growth in the aged (over 65 years) population. Furthermore, Australians enjoy one of the highest life expectancies in the world - 81.9 years for females and 76.5 years for males.
Activity based costing (ABC) is the perfect cure for the problem of overhead allocation within organisations." This statement demonstrates the relationship between activity based costing and the process of overhead allocation. Activity based costing is simply an accounting method that identifies all activities and the costs associated with these activities; it then assigns the cost associated with the activity directly to the pricing of the output of that activity, rather than averaging the cost across all outputs (Proctor, 2009). This is obviously not required in organisations that produce only one good or service, but in most organisations there is more than a single good or service produced. The use of activity-based costing reduces the potential for overpricing or underpricing, thus allowing the firm to offer more precise prices to its consumers.
3.The existing competitors, substitute is strong, bargain power of buyers is strong. 4.The bargain power of supplier is weak and new entrance is weak. In firm: Mission statement: EasyCar.com’s mission statement is “At eayCar we aim to offer you outstanding value for money. To us value for money means a reliable service at a low price. We achieve this by simplifying the product we offer and passing the benefits to you in the form of lower prices”.
Slashing prices as they have over the many years lures in consumers to bring in more sales. Wal-Mart’s rapid growth strategy is aggressive as well. In 2003, 425 stores were added. Then, consumers demanded Super Centers so Wal-Mart supplied 4,000 globally. This leader began its massive international expansion of stores from “2,181 in 2006 to 2,757 in 2007 and 3,121 in 2008.
Consider the cost of missed opportunities - The biggest risk that people fail to consider is the benefit they lose by avoiding high risk/high reward opportunities. In his guide to career planning, Netscape founder Marc Andreesen compares a well managed career to a diversified portfolio. The ideal career contains a wide range of job opportunities (some risky, some safe) that combine to form a relatively safe career with a high potential for growth. Taking high risk opportunities is essential because they offer the greatest reward: The issue is that without taking risk, you can’t exploit any opportunities. You can live a quiet and reasonably happy life, but you are unlikely to create something new, and you are unlikely to make your mark on the world.