We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Economics: business organization - Essay Example

Comments (0) Cite this document
Summary
The existence of a business organization is justified by its profit maximization motive. In the case of the production firm under consideration, this goal is unrealized due to the presence of high costs and probably, low productivity. With the level of company's revenue, it can significantly cover all its variable cost but is unable to pay all of its fixed costs…
Download paper
GRAB THE BEST PAPER
Economics: business organization
Read TextPreview

Extract of sample
Economics: business organization

In order to prevent this from happening, this report recommends that the company lays off only those workers who are hard to work with and have low productivity.
Table 1 shows the number of workers to be laid-off at different levels of fixed cost. For example, when fixed cost is $2000, the company has to eliminate 5 workers. At this point, productivity is expected to be unaffected as there are still 65 workers to produce 900 units. However, when fixed cost is $4,000, the company will be better off it discontinues its operation since laying off 25 employees is deemed to significantly affect the level fo production and revenue.
This report also recommends that when laying off employees, the company should look into enhancing individual productivity by conducting team building seminars and trainings. The company can also mechanize some of its processes in order to enhance efficiency. ... Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics: business organization Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved from https://studentshare.net/miscellaneous/286091-economics-business-organization
(Economics: Business Organization Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.net/miscellaneous/286091-economics-business-organization.
“Economics: Business Organization Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.net/miscellaneous/286091-economics-business-organization.
  • Cited: 0 times
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Economics
Standard has already have taken back the ‘AAA’ status that it had once given to the US economy. Predictions of OECD OECD has predicted more trouble for the US economy in the near future. The organization has forecasted shrinkage of the world economy owing to the recent financial crisis that led many US companies to bankruptcy.
6 Pages(1500 words)Essay
Advanced business economics
Although, all these people will work in-group for the effective functioning of the organization, there will be an hierarchy. This hierarchy defines the position of the various people inside the organization, with one section of people calling the shots and asking the other sections to function according to their ‘diktats’.
5 Pages(1250 words)Essay
Business Organization and policy
This is due to the fact that concentration of industries brings various advantages to the firm and enables it to deal with rapid changes in the environment. However, an organization needs to have a well formulated business plan in order to be able to determine the aspects of the business it is getting in, know where it is and where it is heading (Taylor & Weerapana, 2009).
10 Pages(2500 words)Essay
Business Economics
(Wessels 12).The GDP of a country is a major indicator of the strength of its economy and the standard of living of its citizens. For example if the GDP of the UK is $22.8 billion in a given year and that of the US is $34 billion in the same year, then we can accurately say that the economy of the United States is stronger than that of the United Kingdom.
16 Pages(4000 words)Essay
Business Economics
As a result, unlike perfect competition where all units can be sold at the same market price, here the firm has to gradually lower the price to ensure increase in sales. So, here the MR curve shall lie below the demand curve. However being the sole firm in
6 Pages(1500 words)Essay
Business Economics
fe insurance or life assurance is a contract between the policy owner and the insurer, where the insurer agrees to pay a sum of money upon the occurrence of the insured individuals or individuals death or other event, such as terminal illness or critical illness and in return,
8 Pages(2000 words)Essay
Business Economics
Moynihan and Titley (2001) have said that United Kingdom was the first country to revolutionize. It is the first industrialized country. However, these days the same country has been undergoing de industrialization. These days it has been
10 Pages(2500 words)Essay
Economics in Business
For example, Microsoft is enjoying monopoly in the operating system industry in the world. In the absence of any competition, they were able to set higher prices for their Windows operating system. Monopoly helps a firm to earn super-normal
4 Pages(1000 words)Essay
International Business Economics
The term ‘economic growth’ is often applicable in the context of describing short-term economic performances. In general, economic growth refers to an increase in capital over a comprehensive period. It
16 Pages(4000 words)Essay
Industrial Organization Economics
Many companies and nations have responded to this increased pressure from competition using different strategies. Similarly, the competing industries feel the effects of
8 Pages(2000 words)Essay
Let us find you another Essay on topic Economics: business organization for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us