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What is the consulting firms revenue in Portugal?
5000dollor revenue in portugal
What are the aims of firms?
1) Profit maximisation.The standard assumption made by economist is that firm will seek to maximise their profit that is maximise the gap between the firm's total revenue and total cost (including normal profit.) A firm making the minimum level of normal profit is said to be producing the break even output. Firms will want to make abnormal profit as a reward for managing the resources and taking business risks.2) Sales revenue maximisation A firm may be prepared to accept a lower price and produce above the profit maximising output in order to increase its market share in a growing market. This is a penetration pricing policy.A firm choose to maximise its sales revenue would raise output beyond MC=MR until MR had fallen to zero. Extra sales after this would contribute nothing to total revenue, therefore it is at maximum.
Why is the equality of marginal revenue to marginal cost essential to profit maximuzation in all of the market structures?
When Marginal Cost is below Marginal Revenue, profit is increasing. When Marginal Cost is above Marginal Revenue, profit is decreasing. Since the goal of firms is to maximise profit, they should produce at a level where the MR of producing another unit is equal to the Marginal Cost of producing another unit. Firms should keep producing until this point because there is a hidden profit in MC. This is because we are not taking into account the Accounting profit.
How does city sightseeing maximise sales revenue?
By economy of scale in which spreading fixed cost over units produced.
What is Another name for firms demand curve?
Average revenue curve
What is the consulting firms revenue in Portugal?
5000dollor revenue in portugal
What are the aims of firms?
1) Profit maximisation.The standard assumption made by economist is that firm will seek to maximise their profit that is maximise the gap between the firm's total revenue and total cost (including normal profit.) A firm making the minimum level of normal profit is said to be producing the break even output. Firms will want to make abnormal profit as a reward for managing the resources and taking business risks.2) Sales revenue maximisation A firm may be prepared to accept a lower price and produce above the profit maximising output in order to increase its market share in a growing market. This is a penetration pricing policy.A firm choose to maximise its sales revenue would raise output beyond MC=MR until MR had fallen to zero. Extra sales after this would contribute nothing to total revenue, therefore it is at maximum.
What is revenue cost?
the revenue of the firm is the money received that a firms get from selling its output.
Why is it important for business firms to have integrated approach to the management of their activities?
to maximise efficiencies.Efficiencies have direct impact on Costs.
Why is the equality of marginal revenue to marginal cost essential to profit maximuzation in all of the market structures?
When Marginal Cost is below Marginal Revenue, profit is increasing. When Marginal Cost is above Marginal Revenue, profit is decreasing. Since the goal of firms is to maximise profit, they should produce at a level where the MR of producing another unit is equal to the Marginal Cost of producing another unit. Firms should keep producing until this point because there is a hidden profit in MC. This is because we are not taking into account the Accounting profit.
What is the positive impact of tourism industry on the economy?
Increased tax revenue, and increased revenue of firms
How does city sightseeing maximise sales revenue?
By economy of scale in which spreading fixed cost over units produced.
Who is a revenue manager?
A Revenue Manager in Travel and Tourism industries (Airlines, Hotel, Rent-a-Car...) is somebody who maximise the revenue through the optimisation of the allocation, in others words: the right price, and the right time, at the right quantity.
What difference between trading and service firm?
Trading firms are businesses that buy goods which will be resold to its buyers. Trading firms usually have inventories of goods to be resold. Service firms do not have these inventories. Service firms derive their revenue from services which they provide to customers. For example, the revenue of accounting firms relate to fees from conducting audits in organizations. For income statement of service firms, revenue from these services is reported as fees earned (or service revenue). Net operating revenue for service firms is the difference between the fees earned and the operating expense involved in offering the services. If you are interested in trading or you need trading services I suggest you to look at 5markets.com It offers trading services in currencies, commodities and indices, highly competitive trading conditions and superior customer support.
What is Another name for firms demand curve?
Average revenue curve
When a firms revenue from sales exceeds its cost of production it will earn?
Profit
What are the objective of the firms?
Besides maximising profits, - maximise growth of firms by increasing sales and market power - maximise welfare by having more managerial power, larger office space - achieve their mission: donation to charity, cut down on disposables, encourage recycling long run survival of the firm entry prevention and risk avoidance
