Budget Creation and Monitoring
An operating budget is one of the critical elements of organizations' profitable business performance. According to Penner (2004), "the operating budget is an itemized summary of the revenues and expenses generated by a program, department, or institution over a specified period of time related to the generation of goods or services (operations)" (Penner, 2004, p.71)….
Read moreEconomic and Social Impacts of Tourism in Canada
Introduction Tourism is regarded as among the most beneficial sectors to the economy of Canada (Holden, 2008). It employs many Canadians and creates billions of income each year; and has been able to create 653400 jobs and generation of income of at least $70.8 billion in 2007. However, tourism’s contribution to GDP in Canada varies…
Read moreEconomic Development Research on Small Towns
Introduction A small town is a town with a population of less than 25000 residents and is usually away from the suburban areas. Various researchers have conducted groundbreaking studies on the economic development of small towns and made various conclusions in their reports. Small towns are perceived to have the potential of growing into larger…
Read moreEconomy Report of Kazakhstan
Introduction Kazakhstan is the richest and most successful central-Asian economy. Possessing vast natural resources and territories, Kazakhstan has managed to survive the first years of its independence from the Soviet Union without losing its capacity for continuous economic growth. At present, the country enjoys relative economic stability and faces good economic growth prospects. Its economy…
Read moreGlobal Market Place and Its Impacts on the Workplace
The increased competition in the economies has pushed many firms into the global market. The global marketplace encompasses an open economy of countries where shifting of technology and labor can easily be undertaken. Several impacts derive from the global marketplace participation and these include labor mobility, transfer of technology, availability of a wider market, improved…
Read moreGlobalization and Organizational Behavior
Introduction Traditionally, organizations concentrated on their home market and most of investments were locally done. Only necessary investments were made abroad. Today, trends have changed and companies that are based in one region invest in others that are located in another continent, through the use us internet or even physically (Robbins, 2003). The ever increasing…
Read moreIntroduction to Financial Engineering
Capital Guaranteed Bonds A capital guaranteed bond is a product that assures an investor to get back at least a portion of his invested capital when the security bought matures (Lhabitant, 2006). In a case where the dollar looses its value, these products will assure the investor of an investment return at the initial dollar…
Read moreMonopoly
Monopoly is an enterprise that is the only seller of particular good or services. When the government is absent, a monopoly is free to set the price as it chooses and usually the price set yields the largest possible profit. A monopoly needs not formulate an enterprise that makes more money than other enterprises that…
Read morePhillip Morris: Its Environment and Stakeholders
Phillips Morris international (PMI) is an organization that deals with the manufacture and distribution of cigarettes. This organization mainly has a stronghold in Switzerland since 1957 when it ventured into production and distribution of cigarette product in Switzerland. This was initialized by the signing of production and distribution agreement with Neuchâtel-based Fabriques de Tabac Réunies…
Read moreTaxation in the United States
There Are Taxes to Be Paid Taxes are impositions in the form of financial charges or in some instances levies which a state or its equivalent imposes on an individual taxpayer either directly or indirectly. In numerous occasions, failure to pay taxes by an individual who is a taxpayer is usually punishable by law. From…
Read moreThe Marketing Segmentation Strategy
Marketing segmentation is a very critical component for any business. It determines whether the business will be successful or not. In this case, I have been running a service retailer fast-food restaurant for two years. Notably, the business has been successful all long due to the choice of market segmentation strategies. The following are some…
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