Please boost your Plan to download papers
A business conferences in North Wales - Assignment Example
Author : ystracke
Finance & Accounting
Pages 13 (3263 words)
The report analyses the cost behavior especially pertaining to the conference followed by a comprehensive breakeven analysis. The discrimination between relevant and irrelevant costs has also been made in the analysis. Appendix containing each component of the cost concludes this report…
This research will begin with the long – term and short – term goals of Business Conference PLC. The short – term goal of Business Conference PLC under the current situation can be to successfully conduct the upcoming business conference. This short term goal can be achieved by the company by taking into account the overall cost and benefit analysis of the conference. If the benefits earned from the conference are higher than the costs incurred in conducting this conference, it leads towards the achievement of short-term goal. There are different points in time where the company can foresee whether the conference can be successful or not. For instance, at the time of initial planning the company can make best judgments whether the estimates are good enough for the successful organization of the conference. At the time of booking, the company can realize the success of the conference by considering the interest of the delegates. Under economic terms, the most relevant cost for short term decision making is the variable cost. There might be different long –term goals of the company including the expansion of the business in different geographical boundaries, growth in revenues etc. These goals can be achieve by conducting long – term strategic planning regarding the achievability of those goals. Every cost matters a lot when long – term time horizon is kept into consideration. Therefore, the company needs to evaluate it financial, human and technological resources in the long – term as part of its strategic planning. ...