production and cost curve :: essays research papers

Production/Cost Curves   Ã‚  Ã‚  Ã‚  Ã‚  Every company has some kind of Revenue and they all have costs that are associated with running the company. It is also true that if a company wants to increase their Revenue, their costs will increase too. It is every company’s goal to maximize revenue and either through Production or Services, and minimize cost. These things are easy to figure out, but actually identifying the production and figuring out how it will increase or decrease with change is very difficult.   Ã‚  Ã‚  Ã‚  Ã‚  In Fred Meyer our output like in all grocery stores, is not a product but the amount of items we sell. Sales is what drives the company, it is the source for our Revenue. Similar to manufacturing companies where they have numbers that tell them how much they produced, we have numbers that tells us how much we have sold. Every department has a goal that they have to reach. They have to sell their products to come to that number. The number varies daily, and managers expect from every department that they will sell more products compared to last year.   Ã‚  Ã‚  Ã‚  Ã‚  For departments to achieve that, managers have to look at the output level and decide how they can increase profit. It will be very difficult for them to do that because if they want to increase the production/output which is sales in my situation, they would incur costs. So if managers decide to try and sell more products, they could hire more employees to persuade customers to buy more products. We can see that when we go to â€Å"Circuit City† and â€Å"Best Buy†, they have employees just standing around and not doing anything, but once a customer shows up, they are all over them. So for managers in my Home-electronic department they could hire more employees to sell more products. That concept would not be very efficient after a certain number of employees are hired. If we h ire 10 more employee, than a lot of them would just stand around and be in the way of customers and even each other. This situation could be a bottleneck for people that are trying to get something done. Graph A could best describe this example. This graph shows you what happens to the output when more labor is added. The output will slowly level off and then start to decline. If the managers want to maximize the output they would have to look at the max point on the graph to get the highest output with the lowest labor force.

Breaking Up with Someone You Love Essay

During my first year in college, I fell in love with a co-freshman. We went steady after a two-month courtship. However, only after a few months of seeing the movies together, eating at our favorite restaurants, visiting the most exciting bars in the locality, staying up late together to study, and just even staring into blank space together, we finally broke up. Allow me to share with you the details of our break up: On a Sunday morning, while I was jogging around our neighborhood as part of my daily routine, somebody called me on my cellular phone. The caller, who is actually someone that I go to English class with first asked how I am doing, which I answered with the typical response, â€Å"Hi, fine I guess, thank you, and how about you? † She actually did not pay attention to my question, which I found very odd since she is the type who would always politely respond to anything an individual asks. After that she asked if I was already done with our project/homework that is due the following day. Again, I thought that was really bizarre, she is very independent as a student and does not engage herself with such. I felt really weird and so I eventually had the courage to ask her why she really bothered to call me. After a lot of â€Å"uhmms†, â€Å"errs†, and other speech impediments, she finally said it. She saw my boyfriend being exceedingly intimate with another girl. I believe I heard her say goodbye after saying â€Å"take it easy, girl, leave him and get on with life; there are too many guys out there who deserves to be with you far better than him†. I was not able to respond though. Right then and there, I felt extreme weakness; I could no longer go on with my jogging, in fact, I could barely walk. Then I told myself, â€Å"I have not seen him do that† or â€Å"Maybe that was a cousin whom he is extremely close with† or â€Å"Maybe my classmate in English just wanted to make fun of me†. Those lines did not help to make me feel better though, in fact, it became worse. I felt excruciating pain, like a cold knife that cut through my heart. I felt absolutely terrible. When I arrived home, I decided to weigh things over again. I told myself, â€Å"My classmate may be telling the truth, but I actually haven’t seen it for myself†. So with that, I felt a little better. I decided to change from my sporty attire to a casual one since I needed to go to the bookstore and buy a few things required by the school. Upon arriving at the bookstore, I first went to the books section to check on the new releases, as well as, the best sellers for the week. To my dismay, I saw my boyfriend there at the fiction section getting intimate with another lady. With what I saw, I already forgot what I was going to do or buy there, what I did was: I immediately rushed out the door and went home. I stayed in my room, just sat in my bed, and stared into blank space. Then I went down to the kitchen to prepare a few dishes, just like what I always do when I am terribly pressured, stressed or in a lot of pain. I also cleaned the refrigerator, took out the veggies that seem to be no longer edible, and then reorganized everything inside it. I also cleaned my room. Then I called him up and asked if we could meet. He excitedly and gleefully said yes and decided on the meeting place. When I arrived at the coffee shop we agreed to stay in, I sat for a few minutes, composed myself, making sure I would not cry or get mad before I told him this, â€Å"I was told about what you did†¦I did not believe it at first, however, when I saw you earlier today at the bookstore, I realized, my classmate was not at all making fun of me†¦I am sorry but this is goodbye†. I even asked him if there was anything he wanted to say but he simply nodded so I smiled at him to show him I wasn’t bitter and that I am happy I discovered his dishonesty early then I left the premises. Works Cited * Since this is an essay which entails a personal experience, no reference has been utilized for this.

Corporate Management Theories - 1721 Words

Group 1 Corporate Governance Theories of corporate management and Process Definition:- According to the business directory, management theory is a collection of ideas which set forth general rules on how to manage a business or organization. Management theory addresses how managers and supervisors relate to their organizations in the knowledge of its goals, the implementation of effective means to get the goals accomplished and how to motivate employees to perform to the highest standard. Nexus-of-Contracts Theory Nexus-of-Contracts Theory argues that the firm, or the modern corporation, is a complex adaptive system comprised of definable subsystems, called stakeholders. A stakeholder is any individual or group of individuals†¦show more content†¦So the basic argument is that the various stakeholder groups come to the bargaining table with competitive disadvantages, and that Stockholder Theory often leads to the exploitation of employees, consumers, financiers, suppliers, and/or local communities. In other words Stakeholder Management implies a special moral obligation to advance the interests of the â€Å"least advantaged† (or the most vulnerable) stakeholders. Stakeholder theorists focus more on public property, economic security of all stakeholders, and follow their manta: â€Å"When in Rome do what’s right.† What role should government play? Stakeholder Theory seeks to empower government to protect the least advantaged stakeholders; usually employees and consumers. Hence Stakeholder theorists tend to support policies such as a social safety net and/or a living wage. However, Stockholder Theorists prefer to address the needs of the least advantaged via individual philanthropy and/or voluntary associations rather than government programs. Stockholder Theory of Corporate Management Leaders are morally and legally obligated to serve as agents of the stockholders, and advance their interests regardless of how those decisions might affect the other stakeholders. Whose Ends are Served by the Corporate Leaders? Stockholder Theory states that the CEO is an agent hired by stockholders (or owners), and therefore he/she is legally and morally obligated to serve theirShow MoreRelatedThe Theory Of Corporate Management2198 Words   |  9 Pages(Zahraa) Corporate management has evolved over the years becoming a complicated process even to the most refined managers. Classical management styles can no longer be relied upon to organize efficiently the several factors that come into play in the modern business world. 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