0
How does a universal bank spread its costs over a broader base of activities?
Wiki User
∙ 11y ago
A universal bank can spread it cost over a broader base of activities and generate more revenues by offering a bundle of products. -Cyrille Ballerta
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
How can cost management system help companies determine the profits and costs?
Determining Costs: Use of Activity-Based costing in the management cycle where the main focus is managing activities rather than costs. Value Chain and Supply Chain analysis in the activity management. Identification of Value-Adding activities and eliminating Nonvalue-Adding activities. Eventually, from the cost hierarchy (Unit level, Batch level, Product/Service level and Operations level) the bill of activities are computed; and then the product unit costs are calculated.
Briefly explain what is classification of cost?
Classification of cost is where expenses are divided into categories that include variable costs, fixed costs, material costs. These costs relate to business activities.
What is the first step in activity based costing?
Costs are assigned to activities from resource cost pools.
What companies use Activity-based costing?
This approach aims at deleting all the activities that do not add value and support all the activities that add value. Accordingly, the organization avoids all costs that are paid for no reason,
what APAC payroll outsourcing companies?
Payroll outsourcing is flexible and adaptable depending on your needs. We take on some, or all, of your payroll tasks which enables managers and HR to concentrate on core activities, cut costs and increase quality in their HR activities.
How much does a wand cost at universal?
A Harry Potter wand at Universal Studios costs thirty dollars.
What are the benefits of universal standards?
reduced search costs for consumerbecomes simpler, faster, and more accurate price discoverylower market entry costs for merchants
How are costs controlled through activity-based management?
Since the focus is on activities, improved cost management is achieved through better managing those activities that consume resources and drive costs.
Globalization strives to reduce costs by pooling production or other activities or exploiting factor costs or capabilities within a system?
true
What are the three benefits of universal standards?
reduced search costs for consumerbecomes simpler, faster, and more accurate price discoverylower market entry costs for merchants
How can cost management system help companies determine the profits and costs?
Determining Costs: Use of Activity-Based costing in the management cycle where the main focus is managing activities rather than costs. Value Chain and Supply Chain analysis in the activity management. Identification of Value-Adding activities and eliminating Nonvalue-Adding activities. Eventually, from the cost hierarchy (Unit level, Batch level, Product/Service level and Operations level) the bill of activities are computed; and then the product unit costs are calculated.
What are the functions of universal banking?
The advantages of universal banking are: risk diversification and expanded business opportunities. A universal bank can spread its costs over a broader base of activities and generate more revenues by offering a bundle of products. diversificatio, in turn, reduces risk.* insurance companies, invetsment banks and other suppliers of financial services are moving toward building financial conglomerates;*technology firms (such as Microsoft) are hammering away at banks' network--building the electronic gateways into financial services.The solution of Universal Banking was having many factors to deal with, which can be further analyzed by the pros and cons.Advantages of Universal BankingEconomies of Scale. The main advantage of Universal Banking is that it results in greater economic efficiency in the form of lower cost, higher output and better products. Many Committees and reports by Reserve Bank of India are in favour of Universal banking as it enables banks to explit economies of scale and scope.Profitable Diversions. By diversifying the activities, the bank can use its existing expertise in one type of financial service in providing other types. So, it entails less cost in performing all the functions by one entity instead of separate bodies.Resource Utilization. A bank possesses the information on the risk characteristics of the clients, which can be used to pursue other activities with the same clients. A data collection about the market trends, risk and returns associated with portfolios of Mutual Funds, diversifiable and non diversifiable risk analysis, etc, is useful for other clients and information seekers. Automatically, a bank will get the benefit of being involved in the researchingEasy Marketing on the Foundation of a Brand Name.A bank's existing branches can act as shops of selling for selling financial products like Insurance, Mutual Funds without spending much efforts on marketing, as the branch will act here as a parent company or source. In this way, a bank can reach the client even in the remotest area without having to take resource to an agent.One-stop shopping. The idea of 'one-stop shopping' saves a lot of transaction costs and increases the speed of economic activities. It is beneficial for the bank as well as its customers.Investor Friendly Activities. Another manifestation of Universal Banking is bank holding stakes in a form : a bank's equity holding in a borrower firm, acts as a signal for other investor on to the health of the firm since the lending bank is in a better position to monitor the firm's activities.
Where to find universal adapters ?
If you go on amazon you can find a universal adapter that costs very low. It is a quick and efficient way to get one. You can even look for one that has free shipping.
Briefly explain what is classification of cost?
Classification of cost is where expenses are divided into categories that include variable costs, fixed costs, material costs. These costs relate to business activities.
What does the USD stand for in the USD system you are researching intellectual passports and the costs?
It stands for Universal Systematic Display.
What are pros and cons for having a single universal currency?
pros: costs the same amount No money exchange when traveling
Definition of private cost in economics?
These are costs that are incurred to an individual or firm when they are carrying out the activities of consumption or production. They are the costs that those individuals or firms have to pay themselves.
