This is because planning is the first part of your goals. You need to consider the long and short term cost and benefits if you are to pursue a certain goal for a company or for yourself. You need to consider this because trends change and demands change, if you fall short on both cost and benefits then you whole goal might be in jeopardy.
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When determining whether something should be produced as a public good there are a few key criteria that must be taken into consideration: Costs of production Benefits of production Availability of substitutes Existence of external costs and benefits The incentives of those producing the good The incentives of those consuming the goodThe costs of production are important to consider because they determine the amount that could be charged to consumers and how much of the good can be produced. The benefits of production must also be taken into account because they show the overall value of the good to society. The existence of substitutes is important as this affects the degree to which the good is considered a public good. External costs and benefits are also important to consider as these can affect the incentives for both producers and consumers. Finally the incentives of producers and consumers must be taken into account to ensure that the good is produced in the most efficient way possible.
Principles of Fringe Benefits: 1. It must be cost effective. 2. It must satisfy a real need. 3. It must be preceded by sound planning. 4. The wishes of employees must be considered. 5. The company should devise new ways to involve workers and their representatives at all levels of planning and implementation. 6. Employees' unity & educated employees.
The benefits and costs that are associated with the overall expansion of the entire industry are called as external economies. The expansion of a single firm is the internal economies of scale.
There are many costs one must consider when opening a coffeehouse. Details such as the name of the establishment as well what types of product one might sell should be considered.
To select an entrepreneurial act you must consider the following: 1. the act must be the act of your type 2.you must be interested in it 3. the benefits it will give you
It allows business decision makers to evaluate and react to the success of past decisions.
An employer would consider the forecasts of workload and their budget> When considering whether to hire another worker they must consider the total cost of the employee such as benefits and insurance.
environmental impact, energy production costs, AND benefits of the new production method
When planning for responding to an incident, it is true that you should consider facilities, equipment, and supplies that are necessary to meet public information needs. This is NIMS public information and in a course overview for FEMA.
no working on weekends. free water. air condition facility. choose your work hours.
y must organisations always disclose additional costs?