There is a theoretical method of budgeting which allows for the objective evaluation of any outcome, using principles known as flexible budgeting and variance analysis. A flexible budget is used to calculate exactly what should have been expected for a given level of output, and the variance analysis then examines how each category varied, according [...]
Firms that compete for contracts through competitive tendering live with PDQ factors permanently. They exist side by side because when one firm wins a contract (or accumulates a number of small orders) it is taken out of the frame for future bids. Each firm must be essentially capable, and it is assumed that it does [...]
If you were running a business, and you knew how your demand schedule worked, what would you do to your prices? According to economists, you would seek to maximise profits. In part, this behaviour can actually be observed, if only by default, as businesses can be seen to discontinue unprofitable activities. Theoretically, the concept of [...]
Here is a list of explanations commonly given by people in discussion groups for not having a dishwasher:
Cannot afford one
They don’t work properly
Too expensive to run
Only two people in the house
No space to put it
Not hygienic
Take too long to stack
Don’t do saucepans
No crockery to wash
I like washing up
In traditional sales training parlance, these would be [...]
