Business ethic Essay Example | Topics and Well Written Essays - 250 words

Business ethic - Essay Example A key business structure has to be put in place to cover all the key s issues including, management, operations, strategic marketing and even product rebranding, Hansman. A proper survey has to be done in the ten European countries to ascertain, the one with appropriate technology and market with relevant storage facilities, transport here should be of the essence. To make the business home based and attract citizens of the country feel not left out; they should be part of the business (Shaw, 2010 P.230). The company will need to associate closely with the citizens of the country; the supply of materials to the company should be given to the companies of the country. If need be the, transport contracts be given to companies of the country since they are very conversant at their own country (Weiss, 2008 P.120). The company should be registered with the statutory bodies of the country. The certification by the standard bodies of the country is essential; this will boost the acceptance by the people the country. In virtually all countries, in the world, paying of taxes is essential. The need to have specialization is driving motive, there is a need to register and perform the business in which you have registered the

Microeconomics Math Problem Example | Topics and Well Written Essays - 500 words

Microeconomics - Math Problem Example For example, if the company decides not to fly, it will still incur the fixed costs as they are not related to the output. It will only save the variable costs. In this situation there's no revenue as firm's planes are lying idle. In this situation the firm will still have to pay its insurance and incur depreciation incurring a loss of $4000. However, if it flies between the two cities it makes a loss of only $2000. Hence, it is better for the company to fly between the two cities. However, if it keeps on making losses and they extend to the long-run, then it is better for the firm to shut-off its operations and invest its capital in an industry, where it could make a normal profit. b) At the product price of $28, the production will fall to 5 units. At his point the firm will be making a loss of = 140 - 175 = ($35). Despite the loss, the firm will continue to produce as it covering its variable costs. c) At the product price of $22, there will be no production at all. Looking at the data, the firm will try to equate its price with MR and the resulting output according to this should be 2 units. However, the revenue gained from this will be only $44, whereas the average costs will be $75, as a result the firm will not produce at all as its revenue is less than average costs and it will only increase the loss if the firm decides to go with the production. S